Customer Service: It's making a comeback Is it smart business for an agent or brokerage to say these words? “I’m sorry. We can’t help you with that. Your best bet would be to call one of our competitors.” The obvious answer is no! However, as surreal as it may seem, I know of agents that [...]
Cash Flow is Everything I have a saying that I tell agents all the time “Rentals pays your rent and sales buy your home”. Agents that do rentals have much quicker and consistent cash flow. It just makes sense. The advantage to rent a few properties a month while you are waiting for your sales [...]
Nothing works without “Start Up Capital” The rental side of the business has many advantages for both brokerages and individual agents. In this series I am going to outline many of the benefits to both companies and agents. The first topic that will be addressed is the capital required to launch a company or an individual career in real [...]
Do you want to make more money? For most real estate agents the answer is a resounding “YES!” Unfortunately, at many companies if an agent approaches management and asks the question “How do I make more money?” the only real answer that management has is “You should work harder and longer hours and then you [...]
2012 was the year for luxury real estate in NYC, as many infamous addresses, historical settings, and even one of Manhattan’s most powerful buildings was up for grabs. From billionaires to business moguls, from a casino oligarch to a 22-year-old, buyers broke sales records in NYC residential real estate. Below you will find a compilation [...]
It might be good for brokers looking to close the deal of a lifetime to add fluency in Russian to their catalog of skills. The top of the market in New York City Real Estate and around the country is booming, thanks in large part to a flood of foreign buyers snapping up trophy properties. [...]
Home prices around the country got off to a rough start in 2012, according to the S&P/Case-Shiller Home Price Indices, released this week. But the news is less grim for the bulk of New York City. The indices’ 10- and 20-city composites saw annual declines in home prices of 3.9 and 3.8 percent respectively, according [...]
The Grand Concourse in the South Bronx, long an emblem of urban decay in New York City, has reportedly started experiencing something of a resurgence in recent years. The wide avenue, modeled on the Champs-Elysees of Paris, is lined with many spacious art-deco apartment buildings — reminders of the Concourse’s prosperous past — that are [...]
As rents around Manhattan flirt with all-time high prices, many young renters and bargain seekers have had to look to Brooklyn or Queens for affordable apartments. But there is a swath of the island that has bucked all the trends and actually become more affordable over the last couple of years: The corridor along Second [...]
Average residential rents in Manhattan are closing in on the all-time high prices reached before the Great Recession struck, according to recent market reports by Citi Habitats and MNS Real Estate. Both reports found relatively small price increases in February 2012 when compared to the previous month, but year-over-year increases were robust. For instance, MNS [...]