Thinking About Real Estate as a Side Hustle?

In 2025, more Long Islanders than ever are looking for ways to earn extra income — and rental property is at the top of the list. If you’re thinking about real estate as a side hustle, it’s important to know that being a landlord comes with serious legal responsibilities. What seems like “easy passive income” can quickly turn into costly disputes if you’re not prepared.

At MontanaroLaw, we help new and experienced landlords across Long Island protect their investments, avoid mistakes, and handle tenant issues the right way.

Why More People Are Renting Out Property

With rising living costs, many homeowners are turning basements, garages, or spare homes into rental units. It’s an appealing way to build wealth — but in a competitive 2025 market, landlords face higher vacancy rates (now around 7% nationwide) and stricter tenant protections than ever before.

If you’re thinking about real estate as a side hustle, understanding the risks and your legal duties upfront can save you from unexpected headaches.

What Every New Landlord Should Know

• Draft a Solid Lease:
  Generic online templates often miss key protections. A strong, clear lease tailored to New York law helps prevent conflicts over rent, repairs, or move-outs.
• Know the Rules:
  New York has strict landlord-tenant laws. You must maintain safe living conditions, handle security deposits properly, and never use “self-help” eviction methods like changing locks or shutting off utilities.
• Be Ready for Disputes:
  Late payments, property damage, or lease violations happen more often than you might think. Mishandling these can delay evictions and cost you money in fines or lawsuits.
• Treat It Like a Business:
  Keep detailed records, budget for repairs, consider forming an LLC for liability protection, and stay compliant with local codes.

How We Can Help

MontanaroLaw works with Long Island landlords to:

• Draft or review leases

• Serve proper legal notices

• Handle nonpayment or holdover cases

• Navigate local housing courts

• Resolve security deposit or habitability disputes

Thinking About Real Estate as a Side Hustle? Talk to Us First.

A rental property can be a smart side hustle — but only if you handle it the right way. If you’re thinking about real estate as a side hustle, don’t risk turning extra income into an expensive legal problem.

Contact us today to protect your investment, your rights, and your peace of mind — before you hand over the keys.