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Rentals | From Urb to Burb and Beyond Blog

Thursday, November 12, 2020   /   by Vanessa Saunders

A Covid-19 Spin on an Old Rental Scam

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I love it when something old becomes new again, except when it comes to real estate fraud. We heard of a “new” scam involving rentals that puts a creative new spin on an old trick. Years ago, we first ran into this one when a woman came into our Rockland County office asking for the key to her new home rental in New City. We’d never heard of her, or the rental.
She had responded to a fake ad for a real rental placed by the con-man on Craig's List. He told her he lived in the Caribbean and couldn't meet her but he owned the property for rent. He convinced her to send him the deposit and first month's rent, telling her she could view the house only from the outside, and pick up the key at our office. She swallowed the story, telling us, "He's a church minister, such a lovely man." She didn't get the key. Or her money back.
Using Covid to play an old con.
In the new version, scammers ! ...

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  hudson valley real estate, hudson valley property, buying a home, why work with a realtor, pandemic, real estate scams, scam alert, rentals

Thursday, July 30, 2020   /   by Vanessa Saunders

Renters will be screwed when Pandemic Compensation Program ends.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

Tomorrow, July 31st, is the deadline for the Federal Pandemic Unemployment Compensation (FPUC) program to end, unless congress decides to do something to extend or re-structure it. If not, upwards of about 30 million unemployed Americans who are receiving benefits will lose $600 per week. What does this mean?

For one, a lot more people renting a place to live will be screwed.

The percentage of renter households facing a severe housing burden will increase from about 3 percent of renter households to 41 percent. (Severely housing burdened means they are paying more than 50 percent of their income toward rent.)

Add to this the fact that the federally mandated evictions moratorium on is also set to expire soon. The combination of these two events bodes ill for millions of Americans who are already under significant stress. Expect a sharp spike in evictions in the next few months, putting ma. ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, buying vs renting, pandemic, health crisis, saving the world, rentals

Thursday, May 7, 2020   /   by Vanessa Saunders

Cuomo gives renters 60 more days rent free!

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By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
May 7, 2020
Today, Governor Cuomo extended his eviction moratorium to August 20, adding 60 days to the ban. He also put a ban on late fee and missed payment charges during the hold.
This comes as good news for renters facing virus-related financial hardships. The governor also said renters could use their security deposits to pay rent, then repay the deposits over time.
Cuomo first put a moratorium on evictions due to nonpayment in March, as most businesses and recreation in the state were forced to shut down in the effort to slow the spread of the virus and its resulting disease, COVID-19. With many living paycheck to paycheck and unable to work, Cuomo said many renters are anxious.
He may opt for a further extension of the hold on evictions.
The news isn't good for landlords who depend on rent payments to cover their mortgages, taxes and other expenses. Cuomo said that the state is looking into an as-yet . ...

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  hudson valley real estate, pandemic, rentals, rent moratorium

Thursday, February 6, 2020   /   by Vanessa Saunders

Landlords now must pay real estate broker fees. Good news or bad for tenants?

Because of new rental restrictions in New York, landlords must pay the fees of their brokers instead of requiring tenants to pay up front. At first, this sounds like good news for tenants, but critics say landlords will skirt the law simply by raising rents to compensate for the added expense of a broker. 
Tenants hiring a broker to find rental properties for them will still be responsible for the broker's commission. 
For more information, click HERE to view the CBS2 New York news segment aired on the eleven o'clock news, Wednesday, February 5, 2020.
If you're considering renting, buying or selling a property locally or globally, or need more information, CLICK HERE.

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  westchester county, manhattan, buying vs renting, manhattan real estate, condos, rental available, rentals

Monday, January 20, 2020   /   by Vanessa Saunders

Why you can't afford to fall into the rental trap.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of home ownership, your plan for the new year may include buying, and you wouldn’t be alone!
According to the Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!
When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:



It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!



There is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearl; ...

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  hudson valley real estate, hudson valley home, buying a home, home investment, hudson valley home owners, orange county ny, westchester county, rockland county, ulster county, sullivan county, hudson valley house, manhattan, dutchess, buying vs renting, first time home buyer, down payment, hudson valley rent, rentals

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

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