Multiple New Hires and Promotions this Fall

Syracuse Property Management Company

Sutton Real Estate Company is proud to announce recent hires and promotions at its company.

 

Karen Kieszkowski has been promoted to Senior Property Accountant. Karen has been with Sutton for seventeen years, starting with the company as a Property Accountant where she worked with many of our current properties. Today, her role includes accounting type projects for thirteen commercial and residential properties managed by Sutton.

 

Jean Lostumbo joins Sutton as a Property Accountant, where she will working on accounting eleven commercial and residential properties managed by Sutton. Prior to Sutton, she worked at Intersurgical Inc. as a Staff Accountant.

 

Lisa Sweeney worked at Sutton for ten years previously and has joined Sutton again as a Property Accountant. Her main roles include training and special projects within Sutton’s accounting department.

 

Morgan Herbert joins Sutton as a Marketing Associate. Her role includes assisting in developing and implementing marketing strategies and tactics. Morgan joins Sutton from a national insurance firm where she held many different roles including a marketing position. She is a 2017 graduate of Clarkson University, with Bachelors of Science in Innovation and Entrepreneurship.

 

Freatured On:

Syracuse.com

How New Rent Legislation Could Hurt Tenants

Syracuse Property Management Company

Written by Louis Fournier, CPM, President

 

There has been a fair amount of discussion both for and against the new Tenant legislation that was recently adopted by New York State. No question the legislation is intended to provide protection for tenants that find themselves at the mercy of a bad Landlord, but has it gone too far?  It has put the “good” and “bad” Landlords in the same category. In the end, this may penalize some of the Tenants the legislation is intended to help.

The permitted criteria for rental applications has been watered down so much that many of the tools Landlords were able to use to screen Tenants are no longer allowed.

 

HONEST REFERENCES

 

One of the most damaging changes to the legislation is the limit placed on providing and obtaining honest references for Tenants.

 

EVICTION HISTORY

 

Landlords cannot deny an application based on the Tenant’s eviction history. This is not limited to evictions for not paying rent. If the Tenant has been evicted for any type of poor behavior, prospective Landlords may not use this information when reviewing applications.

 

SCREENING PROCESS

 

The screening process is the most effective tool to create a safe and vibrant rental community. Eliminating some of the critical screening tools could result in Landlords establishing higher milestones for approval, such as credit and income to offset the elimination of credible Landlord references. This could actually limit some of the options for housing for Tenants that do not meet the stricter income and credit requirements.

 

CHANGES TO THE EVICTION PROCESS

 

The eviction process has also been revised to provide tenants with additional time to respond to evictions and presumably cure any default. In the past, tenants that have violated their lease could be given a three-day notice to cure the default whether it is monetary or related to other types of lease violations.

The new legislation extends the cure period to fourteen days. Additional extensions may be granted by the court which could extend the process further. When all other avenues to work with the tenant have been exhausted, most responsible Landlords use evictions as a last resort. The new legislation may cause Landlords to commence evictions sooner rather than negotiating an out-of-court settlement.

 

FURTHER RESTRICTIONS

 

In addition to the significant changes to the legislation described above, further restrictions on security deposits, credit references, application fees and the ability to recoup attorney’s fees have been changed drastically.

 

IMPACT ON SUTTON

 

For us, the full impact of the new legislation for our property managers remains to be seen.  We fully support and endorse providing safe and affordable housing in the community.  However, there needs to be middle ground when establishing Landlord-Tenant legislation to avoid creating a system that limits Landlord’s ability to use common sense when addressing the way they are able to operate their business and maintain their apartment communities.

 

For further information on what changes have been adopted please see the link below.

 

https://www.law.com/newyorklawjournal/2019/07/09/impact-of-the-new-nyc-rent-law-on-landlords-and-tenants/?slreturn=20191015141142

 

 

 

 

 

 

 

 

 

 

Stephen Saleski Hired as Real Estate Salesperson

Syracuse Property Management Company

Sutton Real Estate Company is proud to announce its’ recent hire of Stephen Saleski, who has joined the brokerage team as a Real Estate Salesperson.

 

Stephen has been in the real estate industry for thirteen years working in sales in both the commercial and residential areas. He is a former CPA and has worked as both a Controller and CFO for many local Syracuse firms. Most recently, Stephen was in real estate sales for Berkshire Hathaway CNY Realty. Stephen went to North Syracuse High School and graduated from Niagara University with a B.B.A. in accounting. Stephen and his family reside in North Syracuse.

 

Featured on:

CNYBJ.com

Sutton brokers $3 million sale and leases 5,000 s/f

Syracuse Property Management Company

Bart Feinberg of Sutton Real Estate Company brokered the sale of approximately 6 acres to Bankers Healthcare Group (BHG) in Syracuse’s Lakefront District for $3,000,000.

 

In addition, Sutton Real Estate Company has leased the final 5,000 SF in the Sherwood Office Park in Syracuse, NY.

 

Karen Cannata-LaRocca and Kristen Nave represented Steven C. Stacy, DDS, P.C.  in a deal that closed in October 2019. Dr. Stacey will be leasing one of the last spaces in Sherwood Office Park that will be home to his dental practice.

 

Elderchoice Inc., has entered into a 5 year lease for 2,500 square feet.  Kristen Nave and Bart Feinberg brokered the deal between Elderchoice Inc. and the landlord.

 

See the full article on NYREJ.

Meals for the Mission Drive to benefit the Rescue Mission

Syracuse Property Management Company

Sutton Real Estate Company is kicking off the holiday season with its Meals for the Mission drive to benefit the Rescue Mission Alliance. Sutton’s founder, Malcolm Sutton, was profoundly concerned with helping the hungry people in the Syracuse area and spent decades collecting pennies to help the Rescue Mission and anyone in need. Sutton continues to help feed the hungry in the local community.

 

The Rescue Mission Alliance is the only organization in the community serving three free meals daily. No man, woman, or child is turned away. This is about 700 meals a day and nearly a quarter million meals a year. Each meal at the Rescue Mission costs only $2.34.

 

The expansion of the Clarence L. Jordan Food Service and Culinary Education Center will allow for more meals to be served in a home-like atmosphere. The center opens November 7th.

 

Sutton has a goal of donating 5,000 meals to the Rescue Mission by the end of 2019. They have started the drive by donating the first 500 meals!

 

If you are interested in donating or are looking for more information, please contact Sutton Real Estate Company at 315-424-1111 or visit rescuemissionalliance.org/MealsfortheMission. Any gift you can give will make a huge difference in the life of someone in need.