The PropertyClub Blog

Your guide to the NYC real estate market

How To Move in Under Two Weeks

Moving on a time crunch and not sure where to start? We get it, and it probably feels really overwhelming. Moving is a lengthy and stressful process, so if you have less than two weeks to pack up and get out, then you're probably feeling overwhelmed.

How To Write a Lease Termination Letter

So, the time has come to move out of your rental home, and you need to let your landlord know. But many people have no idea what they need to include in a lease termination letter and how to get started. Here, we’ll go over some tips on how to write a lease termination letter.

What is a Patio Home?

If you’re currently on the market for a new home, you may have recently found yourself wondering what is a “patio home?” 

Do You Need a Home Security System if You Rent an Apartment?

When you think of home security, you probably think of a house and not an apartment. But apartments are actually more likely to be burglarized than a house is, so they have just as much of a need for a home security system. 

Lead-Based Paint Disclosure Tips for Landlords

If you own an older property, you’re probably familiar with the presence and dangers of lead-based paint. But what happens if you plan to rent that property out? Do you need to let tenants know? If so, how do you go about disclosing lead-based paint?

What is Sellers Assist and How Does it Work?

If you’re currently in the market for a home or considering putting your home up for sale you’ve probably heard the term seller assist. But, like many real estate terms, most people don’t have a good thorough understanding of the meaning. Maybe you know that it has something to do with mortgages, but you aren’t exactly sure what is involved with a seller assist or how it could benefit you. 

What is a Contract for Deed and How Does it Work?

A contract for deed is basically a type of seller financing that enables a buyer to purchase a home and pay the seller monthly rather than paying the bank. The current owner retains the property title until the buyer has made all their payments, at which time the title transfers to the buyer. A contract for deed essentially involves financing through the seller instead of through a bank or lender. 

A Guide to FIRPTA Withholding: Foreign Investment in Real Property Tax Act

The Foreign Investment in Real Property Tax Act (FIRPTA) ensures foreign taxpayers pay appropriate income tax on the sale of all U.S. real property. Domestic citizens pay a capital gains tax, while foreign persons and entities are only taxed on a limited amount of income instead of capital gains items, such as real property. Under this law, a buyer who is purchasing real property in the U.S. from a foreign seller is required to withhold a portion of the sale from the seller to cover FIRPTA requirements.

How Much Rent Can I Afford?

Figuring out a realistic budget before you set out to try finding a place to rent is a smart decision. You need to know how much rent you can afford before you can start narrowing down properties to view. The last thing you want to happen is to find your ideal home and fall in love with it, only to discover that it doesn't fit within your monthly budget.

What is a Duplex?

Duplexes are very common across the United States. If you’ve been searching for a new apartment to rent, there’s a good chance you’ve probably seen plenty of duplex apartments on the market.

Studio vs. One Bedroom: Which Apartment Is Right For You?

When apartment shopping, either for your first home, as a solo shopper, or maybe as a couple, there’s a likelihood that you’ve perused both one-bedroom apartments and studios. So how do you decide what’s best for you, a studio or a one-bedroom apartment?

Rent to Own Homes Explained

When looking to purchase your first home, you’ll need to qualify by having a good credit score, enough capital for a down payment, and a mortgage broker willing to finance your purchase. Often, these obstacles prove to be beyond the realm of possibility for some who would like to become homeowners. If you are looking to buy a home within the next few years and are seeking an alternative solution to additional credit checks and financing a down payment, a rent-to-own agreement may be your next best option.