The NYC Predatory Equity Bill

by David Mattel on March 26, 2018 26 Mar, 2018

Several weeks ago, Mayor Bill de Blasio announced that the Predatory Equity Bill has officially become law. Under this new legislation, the city’s Department of Housing Preservation and Development will publish a “Speculation Watch List” which will identify all recently sold, rent-regulated buildings where tenants may be at risk of displacement due to aggressive investors.

The listings will be updated quarterly on the City’s OpenData portal and will be triggered when buildings sell at an unusually high price,

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How to Reduce or Eliminate Penalties

by Robert Fried on March 15, 2018 15 Mar, 2018

Of course, it’s best to avoid penalties completely. Sometimes, though, you can be caught off-guard and find yourself liable for a hefty penalty for a violation that completely slipped your mind.

Once that’s happened, here are your options:

1. Curing Violations

The best way to avoid paying a penalty is by fixing a DOB-ECB violation.  If this is offered as an option to you, you’ll find a cure date listed on your violation – you must fix the problematic area before this date.

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What you need to know about the ECB Penalties Increase

by Robert Fried on March 6, 2018 06 Mar, 2018

Violation issues and their ensuing penalties are the nightmare of any landlord. Aside from being forced to navigate court hearings and a bureaucratic maze, pushing off a repair, delaying the re-installation of a fixture that was destroyed or deemed inoperable, or neglecting to attend to a structural fallout can mean paying tens of thousands of dollars in fines.

Every year, the DOB meets to discuss proposed increases to the ECB penalty schedule. As you’ve probably heard,

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Jack Jaffa Training Seminar January 2018

by Aaron Munk on February 7, 2018 07 Feb, 2018

Jack Jaffa & Associates’ (NYC’s Violation Compliance Experts) comprehensive training seminar for all their employees covering a broad range of topics, including better time management, client crisis management and how to better serve their clients overall featuring noted writer and editor Michelle Herrera Mulligan.

Cost Segregation Broken Down

by AJ Sabo on February 5, 2018 05 Feb, 2018

There’s no way to get out of paying taxes; it’s an inevitable part of life, like the disproportionate amount of red lights you always encounter when you’re running late.

But there is something you can do to lower your taxes this year: participate in a cost segregation study. Tax rules and regulations got you confused? We’re here to help! Read on, and learn all you need to know about this underused mega-break in property taxes.

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