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I'm renting out my condo. Should I form an LLC to save on taxes?

by Leigh Kamping-Carder | 9/29/14 - 3:59 PM

Q. I'm moving to San Francisco and renting out my Fort Greene condo. Do I have to pay income taxes on the rental payments I get? And how can I minimize the...

Can I host co-op board meetings on Skype?

by Leigh Kamping-Carder | 9/22/14 - 1:59 PM

Q. I sit on the board of an Upper West Side co-op where all the members are very busy. I'd like to start hosting board meetings by Skype or some other kind of video-conferencing software...

I'm buying a co-op. Will the board want to interview my children?

by Leigh Kamping-Carder | 9/15/14 - 1:59 PM

Q. I'm shopping for a co-op, and I have two young children. Will they have to do anything as part of my application for an apartment, like come to the board...

Who's in charge of keeping my co-op mouse-free?

by Leigh Kamping-Carder | 9/08/14 - 1:59 PM

Q. I just found a mouse in the kitchen of my co-op. Will the super take care of this or is it my responsibility to call an exterminator? 

A....

Should I sell my two-bedroom before or after I buy a bigger place?

by Leigh Kamping-Carder | 8/25/14 - 1:59 PM

Q. I own a two-bedroom condo worth roughly $1.5 million, with a $300,000 mortgage and $500,000 in the bank. I want to buy a three-bedroom for between $2.25 million and $2.5 million. What...

A pipe leaks and damages a neighbor's co-op. Who pays?

by Leigh Kamping-Carder | 8/18/14 - 1:59 PM

Q. I live in a co-op, and recently a water pipe inside my wall leaked, probably because of its age. Even though it was repaired promptly, the leak caused some water damage to the...

Selling a super's apartment to bolster a building's finances: What residents need to know

by Leigh Kamping-Carder | 8/11/14 - 1:59 PM

Q. I live in a 40-unit Brooklyn co-op, and we're trying to raise money for the building. We're thinking of selling the super's apartment and either relocating him to a smaller unit or...

If my tenant's husband moves in, can I jack up the rent?

by Leigh Kamping-Carder | 8/04/14 - 1:59 PM

Q. I own a three-family house, and I've been renting one of the apartments to a woman with two children who is separated from her husband. If he moves in, am I entitled to raise her rent...

What's fair game to ask a potential roommate?

by Leigh Kamping-Carder | 7/28/14 - 2:59 PM

Q: I'm looking to rent out a room in my apartment. Can I legally advertise my place as LGBT-friendly? Am I allowed to ask how old potential roommates are? Can I...

How do I bequeath my co-op to my sister?

by Leigh Kamping-Carder | 7/21/14 - 1:59 PM

Q. I recently bought a one-bedroom co-op, which I'd eventually like to leave to my sister. What are my options for estate planning?

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