1. Kelly Killian. Vice President. Licensed Real Estate Agent. 954-675-9915

2. Who is Bond New York? Who is Kelly Killian? What is Bond New York?
NYC’s largest independent full service real estate broker
The most internet saavy agency in the city
Who is Kelly Killian?
Vice President of Sales at Bond New York
Landlord in FL and NY since 2001
13 year Corporate America international ex-pat (Brand Management – Procter and Pepsi)
5th Largest in the city
$500 million+ sold 2011
5000+homes rented per year
500+ agents
6 separate offices in Manhattan
Largest rental listing database in NYC with units (95%+ of vacancies in Manhattan)
VP of Sales
Specialize in Manhattan condos and co-ops
Brooklyn and Queens, in particular in new development and multi-family
Previous: Spent 13 years at P&G and Pepsi International in Brand Management
Kelly Killian. Vice President. Licensed Real Estate Agent

3. The Realities and Myths of “Passive Income” Investment Properties
Kelly Killian. Vice President. Licensed Real Estate Agent

4. Location is everything
Kelly Killian. Vice President. Licensed Real Estate Agent

5. One neighborhood is better than another
Kelly Killian. Vice President. Licensed Real Estate Agent

6. All landlords are rich
Landlord tenant law favors the tenant in NYC. Therefore this belief by tenants makes them put more effort into getting free rent or screwing their landlord.
Kelly Killian. Vice President. Licensed Real Estate Agent

7. It is your property manager’s job to qualify your tenants.
Kelly Killian. Vice President. Licensed Real Estate Agent

8. Tenants will take care of your property like you would
Kelly Killian. Vice President. Licensed Real Estate Agent

9. All tenants lie Income Credit Issues
NYC landlord tenant law requires an extremely detailed and strict landlord community
Each landlord is like a different personality, and each have their requirements, although there are standard required documents
Agents are like doctors and can’t fix your cold until you describe your symptoms. You need to be upfront about your entire financial situation and background so they can tailor the landlord choices to your needs
Income
Credit Issues
Evictions/Bankruptcy/Criminal records
Savings/Ability to put down increased deposits
Kelly Killian. Vice President. Licensed Real Estate Agent

10. Friends and family are a curse
Kelly Killian. Vice President. Licensed Real Estate Agent

11. Over the course of 20 years you will evict someone
Kelly Killian. Vice President. Licensed Real Estate Agent

12. Negotiating with your tenants is a good thing
Kelly Killian. Vice President. Licensed Real Estate Agent

13. Pets are a bad thing
Kelly Killian. Vice President. Licensed Real Estate Agent

14. Being a landlord is either heaven or hell
When hell is bad. It will happen on all your properties or at least most of them all at the same time.
Kelly Killian. Vice President. Licensed Real Estate Agent

15. Accounting is more important than cash flow
Kelly Killian. Vice President. Licensed Real Estate Agent

16. You should carry a reserve fund
Kelly Killian. Vice President. Licensed Real Estate Agent

17. Define how “passive” you want to be
Apartments in condos with supers
Single family, multi-family
Property Manager, no property manager
Super/Handyman, no super/no handyman
Either way, it is a business and you need to run it. You have to hire the people and manage what happens. The buck stops with you. The pain is yours alone.
The smaller you are, the more risk there is.
Kelly Killian. Vice President. Licensed Real Estate Agent