Labor Law 240 for Landlords in NY. Unless served with a lawsuit, I don’t think many landlords in New York State know that the labor law 240 is still in existence. This is for all commercial buildings and for residential…
Home Improvements That Increase Replacement Value. As an insurance agent, we often have to explain the difference between replacement value and market value. Sometimes we’ll get the comment “If I could sell my house for that I would”, here in…
This article is about how dogs add liability risks for homeowners. It is said that 68% of people own a dog and many people fail to realize a risk that dog can pose. Being the owner of a dog that…
What Additional Insured Status Means For Commercial Real Estate. Bryan Smith bought a small strip plaza from an older friend of his, who wanted to retire from the real estate business. Since they were friends, the seller, Mr. Reilly decided…
Actual Cash Value vs Replacement cost value for landlords. Here in some parts of Buffalo, NY, you can buy a double (or duplex) investment for $40,000 to $50,000. So the real estate market is pretty good here, for those that…
What every New York commercial property owner needs to know. While it is great you bought that small strip plaza or 5-unit commercial building but your tenants can get you involved in a lawsuit. But there is a way you…
Western New York Real Estate Investors As a real estate investor myself, I also run www.wnyrei.com This is our local (Buffalo, NY area) group of real estate investors, who get together monthly to learn from each other. It could be…
Trees Falling on Your Buffalo Rental Property. The trees in your yard can enhance your property value, provide some shade and offer abundant environmental benefits. However, trees can also pose a safety hazard to your rental property if they are…
Underground Utility Coverage in New York. Some smaller landlord insurance companies have added a unique-type endorsement for landlords – underground utility coverage. Many of the so-called “name-brand” insurance companies have yet to release this endorsement for their landlords. This is…
Swimming pools at your rental properties – a no, no! Summer is heading here soon and with that, many people (tenants too) will get swimming pools – from kiddie pools to large above ground ones. That is fine at your…