Landlord Requires Renter’s Insurance

Renter’s insurance

Basic Renter’s Insurance covers a tenant’s personal property. The Landlord’s insurance policy, which covers the building, usually does not cover the tenant’s property.

Requiring Renter’s Insurance

Many Landlords include a provision in their lease that states that they are not responsible for loss or damage to the tenant’s property. Also, the landlord will stress the importance of the Tenant obtaining Renter’s Insurance. Some Landlords go a step further – they include a provision in their lease which requires a Tenant to obtain and maintain Renter’s Insurance for the duration of the lease.

If the policy is optional, then the renter will have to weigh the cost and benefit of having a Renter’s Insurance policy.

Bayview Estates Realty is here to assist you with all of your real estate needs.

Call (516) 777-0146!

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FHA Mortgage After Short Sale


Get an FHA mortgage one year after short sale

The FHA recently released a letter stating that it was reducing the waiting period to get an FHA loan after a short sale, bankruptcy or foreclosure to 1 year.  This is a big deal because the waiting period had been two years after a bankruptcy and three years after the completion of a foreclosure or a short sale.

However, not everyone will qualify. Borrowers will be required to prove that their household income fell by 20 percent or more for at least six months. That the decrease in income was  because of unemployment or another event beyond their control. That they have now recovered and reestablished their credit by making at least 12 months of on-time payments on debts such as a mortgage, rent, or credit account.

Bayview Estates Realty is here to assist you in all your real estate needs.

Call (516) 777-0146!

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President Obama Speaks on the Housing Market

In a video presented by Zillow, President Obama sits down with Zillow CEO Spencer Rascoff and discusses the housing market and his plans for further recovery. He touches on rising interest rates, Fannie and Freddie, student loan debt, immigration reform, and how they all affect the housing recovery.

Watch the video HERE

Bayview Estates Realty is here to assist you in all your real estate needs.

Call (516) 225-1468

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Apartment Hunting Tips


Having trouble finding an apartment to rent?

I recently had a discussion regarding apartment rentals with Realtor Sean Jay Bennett and Realtor Michael Areephituk. They informed me that the rental market is extremely competitive! They explained that it can be difficult just to get an appointment to view an apartment. Additionally, when a renter does find an apartment that they like, they may be up against some stiff competition. The competition is so great that some Landlords are taking time to meet with, and “interview” several of the apartment applicants before deciding which one they will rent their apartment.


Well, finding a home to rent can be even more difficult! A person looking to rent a home is experiencing some of the same issues as an apartment seeker, but there are a lot less rental homes on the market.

There’s Hope!

Don’t be discouraged because there are some things you can do to increase your chances of landing a great apartment in today’s competitive rental market.

Sean and Mike’s Apartment Hunting Tips

  • Be Prepared! You should bring all of the documentation that landlords normally request with you to the initial apartment viewing. You will be able to immediately complete and submit a very thorough apartment application packet. This can give you an advantage over less prepared apartment seekers.
  • Avoid Scams! Make sure the person renting you the home or apartment is the actual owner. Be careful who you give your money and personal information to. Be wary of deals that sound to good to be true.
  • Know a good deal when you see one! You should be familiar with what apartments typically rent for in your target area. This will allow you spot an apartment that’s well-priced.
  • Get help if you need it! It may be in your best interest to have a real estate agent help you navigate this rough rental market. While it may have been easy to find an apartment on your own in the past, it appears things have changed. Having the right agent, and receiving the right advice before you begin your search can make all the difference.

These are just some of the tips I received from Sean and Mike.  Most of these tips also apply to whole house rentals.

If you need assistance finding an apartment or house to rent,  you can reach Sean or Mike at (516)-777-0146.

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