Services
Free Consultations
We are offering free consultations where we will walk your building or portfolio and analyze your current rent roll. After we have completed our evaluation, we will provide you with a new perspective and strategy for how we will be able to not only increase your current income but also maximize the value of your rental property.
Landlords Facing Unprecedented Challenges
In today’s post covid market, New York rental landlords with rent-stabilized apartments are facing a multitude of new challenges cutting into cash flow and profitability.
Professional tenants are taking advantage of the “eviction backlog” that still exists in Housing Court causing landlords to experience an unusually high default rate and uncertainty on how to position vacant apartments.
Compounded with the Tenant Protection Act in 2019 rent law regulations, landlords that have previously relied on raising rents through capital improvements are being forced to pivot.
And that’s where we come in
At Newman Realty Solutions, we have a proven track record and can offer landlords solutions to increase rents and cash flow, while avoiding arrears, legal fees, and Costly Evictions. We take a unique approach to identifying units within your portfolio. We will ensure the units will pass program inspection with minimum renovation and deliver above-market rent and guaranteed monthly rent payments.
We are NYS Housing Voucher Experts and Licensed Realtors. We have developed a Network of Caseworkers, Housing Specialists, and Program Directors, including our relationship with the NYC Mayor’s Office which does all of our Pre-Clearance paperwork. We expedite and fund these deals fastest in the industry. Contact us today for your free consultation.
PROJECTS & PARTNERS
Mb Capital Asset
Heritage Realty
Treetop Development
Leagem Partners
Seagirt
Far Rockaway Queens.
During Covid, cash flow was severely impacted when countless tenants in our clients 960 unit apartment complex stopped paying rent. What stayed constant was the steady flow of 100% guaranteed rent payments from Cityfheps and Section 8. In addition as of January 1, 2024 this Landlord has been approved for the New Section 610 Program that allows them to Pierce the Legal Rent and collect above the Legal Regulated Rent as well as the Market Rent, by using Cityfheps Section 8 and New Section 610 for the full voucher amount.
4 Building portfolio, 3 buildings in upper Manhattan and 1 in Kew Gardens queens.
We walked all 4 buildings in this portfolio and assessed each units one by one. We identified 18 units throughout this portfolio that needed light renovations and oversaw the construction to pass program inspection. With our guidance and direction, we drastically increased our clients cash flow by getting these unit income producing, above market rents and guaranteed rent payments by using Cityfheps and Section 8
WADSWORTH
181st St, Upper Manhattan
Upper Manhattan Wadsworth / 181st. We Identified 11 units that needed light renovations to pass program inspection. With our guidance, all units passed NYC Inspections and are once again income-producing. Our client received well above market rent and by using CityFHEPS the monthly rent is guaranteed.
Our Latest Client
Bronx, New York
We are very excited to be getting started with our client in the Bronx. Our client came to us with 14 units all Studio Apartments that they are struggling to see a profit from. The units all have high legal rents and need minimal work required to pass program inspection. The landlord states that within 12 months most of these units will turnover. The Rent Roll will be increased by an additional $143, 000 per year. Currently, we have completed 2 of the 14 units
What Our Clients Say
"Chuck’s expertise and in-depth knowledge of New York State housing voucher programs was impressive. He guided us through the entire process, we have not seen rent increases like this in years and it’s 100% guaranteed payments.
Michael Aryeh / Heritage Realty
"We shared our rent roll, Chuck sent us back his pro forma showing the potential upside using the new rents paid by the programs, and we were stunned. Over the past several months we increased our rent roll and cash flow exponentially."
Alex Hajibay / Leagem Partners
"Chuck’s network of Caseworkers, Housing Specialist and Program Directors consistently resulted in quality tenants, paying above market rents and we are relieved he minimized our exposure to costly evictions."
Peter Garcia / Treetop Development
"Upon Chuck’s Free Consultation, he quickly identified which units could become income producing again. He personally oversaw the renovations required on each unit to pass the New York State program inspections."