The PropertyClub Blog

Most landlords in New York require tenants to carry renters insurance. Although this may sound inconvenient, a typical NYC renters insurance policy will only cost around $150 to $250 a year and will protect your belongings, making it worth the investment.

If you've heard of the benefits of how an LLC can protect you and your privacy, you might be wondering if you can buy a house with an LLC. The short answer is yes. But before you jump in, there are several things you must know. This article will explain what an LLC is, how it works, and the pros and cons of buying a house with an LLC. 

Asbestos was used in most homes built between 1910 and the 1980s when it was finally banned in July of 1989. Throughout this time, asbestos was commonly used in wall insulation, floor tiles, ceiling material, siding, and pipe insulation. 

Sitting on the Atlantic Coast, Maryland is a small state that is surrounded by multiple large cities, including the nation’s capital. Many of Maryland’s cities, such as Baltimore, have crime rates that are much higher than the national average. To help you stay safe, we’ve compiled a list of the twelve worst cities in Maryland. 

ARV (After Repair Value) in real estate is an estimate of a property's value after all repairs and renovations are completed. This metric is crucial for real estate investors, particularly those involved in house flipping, as it helps determine the potential profitability of a property.

Cash-out refinancing in Texas involves replacing your existing mortgage with a new one that has a higher loan amount than what you currently owe. The difference between the new loan and the old loan is given to you in cash, which you can use for various purposes such as home improvements, debt consolidation, or other financial needs. However, Texas has specific laws and restrictions governing cash-out refinances that are important to understand.

Considerable costs are sometimes overlooked when selling a house, which is why it is a good idea to complete a seller’s net sheet when selling a home. It’s usually known and expected that a seller will have to fork out some money to cover commissions and closing costs, but many smaller miscellaneous expenses are often overlooked. A seller's net sheet is an excellent way of tracking them.  

Hard money loans are short-term, high-interest loans typically used by real estate investors to finance properties. Unlike traditional bank loans, which are based on the borrower's creditworthiness and income, hard money loans are primarily based on the value of the property being used as collateral.

Installing a new furnace is a moderate expense for the average household, with the average cost being $3,500. However, the exact cost of replacing a furnace can vary widely depending on several factors, including the type of furnace, the size of the unit, the complexity of the installation, and the region where you live.

The New York City Mortgage Recording Tax (MRT) rate is 1.8% for loans lower than $500,000 and 1.925% for loans of $500,000 or more. Our guide to the NYC MRT will help you better understand this closing cost, including who pays it, how to calculate it, and how to avoid or lower your overall mortgage tax liability.

Emotional support animals (ESA) provide essential comfort and companionship to their owner. Many buildings don’t allow pets unless they are classified as emotional support animals (ESA), but not just any pet can be certified as an emotional support animal.

The duration for which an appraisal is good depends on the lending institution's requirements, but it is typically between 90 and 120 days. For most conventional loans, an appraisal is typically valid for 90 days. However, this can be extended up to 120 days in some cases, depending on the lender's policies. For FHA loans, appraisals are generally valid for 120 days, while for VA loans, they can be valid for up to 6 months.