Lessons from a Small Landlord

…  Even though youll be getting rentfree subsidized housing for the next four years you still face a housing problem … … Fix rent regulation right now  … There are over 30 vacant apartments on my block that are unoccupied because NYCs rent … stabilization even applies to apartments where the tenants income is over $250k and the rent is over $2500month  Ive …

… Most marketrate leases in NYC are for one year As their leases approach expiration Ive … my tenants less frequently presumably because theyre afraid that if they are too enthusiastic or visible Ill nail … The first question that I always ask myself is Do I want to renew your lease   There are lots of good reasons not to …

… What if a kids baseball broke your front window and then a … the model Blumberg Lease I use requires it   Heres why   It is really easy to do $50100k worth of damage to an apartment … insurance in areas that have rent regulations and where accordingly new tenants have basically no bargaining power  …

… Excellent my strategy is working I will never advertise my apartments on Craigslist  And your broker will never hear of them either … networks you wont have a crack at my apartments NYCs incredibly tenantfriendly court system and my lack of a …

… and tenant promise to behave reasonably Plenty of tenants rent apartments or shares this way but usually they know … requirements to 30x the monthly rent rather than the usual 40x … Storage … If you ask nicely and your stuff isnt too … Carbon monoxide affidavit Lead paint disclosure Recycling rulesIve got better things to do than inspect tenant trash …