I am looking to flip houses in the surrounding New York area - North/Central New Jersey and Northern New Jersey where prices are more feasible. 

One winter season I rented to a retired couple from New York, followed by a retired couple from Chicago.

- Peter York

New York is simply off the chart.

At least in New York the rent is also quite high and the units relatively small.

I'm sure New York has it's own norms, but on the west coast you see it more like:- 7-10% monthly rent- 10% surcharge on repairs- 100% late fee (yes, this is normal)- $250 lease initiation fee (full month seems like a lot)- nothing for lease renewalIt never hurts to check what the competition offers, but if you switch make sure the service level is comperable.

Plus, there might be New York state transfer requirements where you need to notify the state of the ownership change.Some things to be concerned about on such a transfer are:1) Are there any lenders involved that need to consent to the transfer?

I am from Long Island New York, but originally from Minnesota.

I am an agent with both New Jersey and New York License.

I just purchased a three family property in the Bronx New York, and I am interested in rental programs that serve tenants who are victims of fires and independent special needs.Any information shared is appreciated!