Top 10 reasons NYC's small landlords are becoming extinct

… Town mostly from pension funds but their rents only covered 58 of the mortgage Borrowing more allows bigger landlords to use a limited amount of capital to buy more properties … 4 Dealing with the Division of Housing … enough to do this job could make far more money doing other things which is why the kids of small landlords often sell …

By Craig Roche |June 27, 2013 - 10:18AM