4 Ways To Make Money Off Of Real Estate Investment In NYC

Investing in real estate is growing in popularity across New York, especially as the markets fluctuate. But even in a slowing economy there is still money to be made in both residential and commercial real estate. Let’s take a look at 4 different ways you can make money off of your real estate investments.

1. Real Estate Appreciation

This is perhaps the most common way to make money off of your investment real estate. Even homeowners can benefit from appreciation. Real estate appreciation is when the value of the property increases over time, so when you sell it you can can make a considerable profit. Also for homeowners, having a home that has appreciated can allow you to easier access to funds from a bank to purchase a second property. There are risks relying on this method, since in the short term not all property values increase. It depends greatly on which borough in NYC the property is, the neighborhood, size and type of property.

2. Cash Flow Income

Cash for income is a very relevant option for those who own a multi family complex or commercial offices. Each month you can generate positive cash flow from the rents that tenants pay you. It is also possible with single family properties but when there are multiple tenants there can also be a greater cash flow. The risk with cash flow income is that if all units are not rented that it can cut into your cash flow income or even cost you money. Working with a NYC real estate lawyer can help you help to ensure your contracts with each tenant are legally binding and can allow for more growth and legal protection.

3. Ancillary Real Estate Investment Income

Once you own your corporate or restinaial property investments there are other ways to make money off of the property. This includes things like placing vending machines at strategic locations, early termination fee, late fee, pet fee, dry cleaning and laundry, storage space fee, parking fee etc. Never underestimate the investment income from services like these in your properties, as there are many ways for growth.

4. Real Estate Related Income

Real estate related incomes is a general term for various other forms of making money in the real estate market. This includes real estate management companies and even real estate agents. This wont require you to actually invest in the property which might be easier, but is a great business option for who can become specialist in their field

Want legal help with your real estate investments? Speak with Fisher Stone, your expert real estate law firm of NYC today!

Fisher Stone, P.C. NYC Corporate, Small Business & Trademark Lawyer 115 Broadway Floor 5, New York, NY 10006 (212) 256-1877 https://fisherstonelaw.com/

Mediation vs Arbitration: What’s The Difference?

Mediation and Arbitration, an intro

Arbitration and mediation are both dispute resolution methods.

Mediation is a process where the parties involved in a dispute come to an agreement without a third party making any decisions. It is also called “alternative dispute resolution” or ADR. The mediator will help the parties communicate with each other and come to an understanding of the issues that they have with each other. The mediator does not make any decisions for them but instead helps them find solutions together.

Arbitration is a form of alternative dispute resolution where the parties to a legal dispute have to agree on the arbitrator, who will then make a decision and agree to let an arbitrator hear their case. It can be binding or non-binding, depending on what the parties agree.

Local business lawyers can assist businesses with both in order to save time and money during the mediation or arbitration process and even help to prevent them in the first place.

How are Mediators and Arbitrators Different?

Mediators and arbitrators have different approaches to solving disputes. Mediators are more likely to have a cooperative approach in resolving disputes, while arbitrators are more likely to be impartial.

Mediation is usually cheaper than arbitration because there are no arbitrator fees and it doesn't necessarily involve lawyers.

Arbitration can be faster than mediation because it involves fewer steps in the process.

What is the Difference Between Court Cases and Private Disputes?

A court case is when a plaintiff sues the defendant. It is usually a criminal or civil procedure. A private dispute is when two people or businesses have an issue and they come to a mutually agreed-upon resolution.

There are many differences between court cases and private disputes, but the most obvious difference is that court cases are public while private disputes are not.

In business, both can arise when dealing with employer-employee relations, contracts, property rentals, sale of goods or services and more.

Which Type of Alternative Dispute Resolution is Right for You?

Alternative dispute resolution is best for those people who are not satisfied with the traditional litigation system. It is more flexible, less expensive and helps to avoid lengthy court proceedings.

Speak with us if your business needs an experienced and top-rated business attorney to assist you today!

Fisher Stone, P.C. NYC Corporate, Small Business & Trademark Lawyer 115 Broadway Floor 5, New York, NY 10006 (212) 256-1877 https://fisherstonelaw.com/