Last Chance To Enroll in Mold is Money - Free CE in Hauppauge on 4/24

Mold is Money (3 CE Credits)

April 24th, 2013 in Hauppauge

Remediation, your health and the law. Mr. Perry brings over 15 years of hands-on experience as a mold remediator and water investigation and restoration specialist, while Mr. Lieb offers both his background in public health and his legal expertise as we delve into this complex field from 3 angles; remediation, your health and the law. You will learn how to minimize your exposure to liability as a property manager and agent while maximizing your opportunity with mold infested properties in sales. This course will introduce you to spores like you have never seen them before, as a profit center for transactions and leases. Also, to be discussed is the leading case today on personal injuries caused by mold exposure, Cornell v. 360 West 51st Street Realty, LLC. Get ready to combine moisture with organic materials - its mold time. 

Instructors: Andrew M. Lieb, Esq., MPH and Scott Perry

Advanced Online Enrollment Required. 

Food & Refreshments provided by Citibank

Great NY Times Article - Why Home Prices Change (or Don't)

On Sunday, Robert J. Shiller wrote a must read article in the Times, Why Home Prices Change (or Dont').

Every type of real estate professional should understand the economics behind residential housing and this article objectively lays out the facts. Plus, if you don't know, Mr. Shiller's credentials include being a Professor of Economics at Yale - so pay attention to what he has to say.

The article looks at the economics of residential housing and compares this investment vehicle to stocks. Most importantly, it looks at last year's gains in housing and explains that its not a predictor for the next 10 years in growth and should only be viewed in terms of just being a growth for last year.

As the article states: "Over the 100 years ending in 1990- before the recent housing boom - real home prices rose only 0.2 percent a year, on average". Mr. Shiller explains that while it may psychologically feel like prices keep going up, one must look at prices after correcting for inflation. In such, there is not much growth in the long term.

So, real estate professionals, houses are a good buy if you want to live there. They may be good if you add money to the house through construction. Yet, if you want to buy, hold and not invest in a product, do not buy a house.

Rental Permit / Accessory Apartment Search Tool by the Town of Brookhaven

Brookhaven has added a great feature to its website called House Rental Search.

With this tool, the user can "see all of the active accessory apartment and house rental permit on the street you selected in the hamlet chosen". Remember, Villages control their own rental permits, so users in Villages must contact their Village.

This feature is going to make it completely transparent to tenants if the Town has permitted their rental. Remember, without a permit, a landlord cannot enforce a lease and is subject to many fines as well.

Now Brookhaven only needs to make getting a permit as easy as looking up if one exists. This way, safety can be the paramount concern over enforcement, which this tool will greatly increase.

Landlords and real estate agents - MAKE SURE YOU HAVE PERMITS. The Town has enabled tenants to really crackdown on your illegal rentals and be sure that they will.