Long Island Property Management Blog

Why Choose Full Service Property Management in Long Island, NY?

Is your beautiful Long Island, NY rental property currently vacant? You're not the only landlord struggling to find renters. According to US Census Bureau data, national vacancy rates in Q3 of 2024 reached 6.9%.Allowing your rentals to sit vacant can cost you millions in pote...

Tips for Rental Property Accounting Records in Long Island, NY

Do you find yourself overwhelmed when you think about your finances as a landlord? Do you have trouble with efficient property record keeping?If so, you may need to make some changes to your rental property accounting. Here are some tips that will help bookkeeping for landlords.K...

What's Next After Buying Your First Rental Property in Long Island, NY?

Did you know that Siena College recently did a study to determine how many people are satisfied with living in New York? The results offered an impressive response with 70% of people claiming to be happy. As a real estate investor, you can help people find a home without sac...

Benefits of Online Portals for Owners and Tenants in Long Island, NY

Long Island is the birthplace of the American suburb. Its unique charm attracts a diverse range of tenants seeking quality living. To succeed, property owners must embrace modern property management tools, such as a tenant portal. This digital platform streamlines communicat...

Financial Reporting Made Easy: Effective Budgeting and Reporting for Property Managers in Long Islan...

Managing properties involves more than just ensuring everything runs smoothly. For property managers in Long Island, NY, budgeting and financial reporting are essential to keep owners informed and maximize profitability.At PMI Gold Coast Properties, we understand the importance o...

Association Property Management: Ensuring the Success of Community Assets

Long Island is known for being an HOA-heavy state full of gated and non-gated HOA communities.Do you live in one of these communities? HOA living should give you a high quality of living, as well as valuable assets over the long term. If you feel that your life is unnecessarily d...

How to Manage Landlord Stress in Long Island, NY

Being a landlord comes with many rewards - but also the potential for stress. From missed rent payments to maintenance problems, stressors can mount each day. With the right strategies, however, it's easier to keep the problems from being such a burden.Read on to learn tips f...

Listing Your Long Island, NY Home for Rent: A Step-By-Step Guide

Do you own a second home in Long Island's Nassau County? If so, we have fantastic news: according to CBS News, a new U.S. News & World Report ranking named it the safest U.S. county. Suffolk County also made it to the list.With those accolades, more folks, including rente...

Facility Management Best Practices: Optimizing Efficiency and Tenant Experience

Facility management is the backbone of any thriving building. It ensures that environments are not just operational but exceptional. Effective strategies can transform ordinary spaces into well-oiled machines, enhancing efficiency and tenant satisfaction.This article delves into ...

Property Manager's Guide to Tax Time and Sending 1099s to Landlords

The American Rescue Plan Act of 2021 offers significant benefits for people earning lower incomes, but it also lowers the threshold for landlords receiving rental income.From 2024 onward, landlords must report all income exceeding $600 to the IRS when they submit their tax return...