We think rent growth is also likely to bolster operating performance for rental
apartment landlords in Germany and for high - quality retail property portfolios in Europe and Australia.
Leonard Litwin is the founder and principal owner of Glenwood Management, a leading luxury
apartment landlord in New York City.
Equity Residential, who is the largest
apartment landlord in the U.S. for example, bought no additional properties in the first quarter.
Not exact matches
Vancouver - based RentMoola has signed up 100,000
apartments - worth of
landlords in Canada and the U.S. since its inception.
Stephanie Small and her husband, Graham Ross, have rented an
apartment in Toronto for the past nine years with their two daughters, but their
landlord would like them out
in order to renovate.
He wrote,
in a May 14 report, that the company was one of the few
apartment landlords to increase its net operating income by 5 % year - over-year.
But what makes it different than an
apartment in, say, Williamsburg, Brooklyn, is that
in the eyes of Dutch tax collectors, owning that home means the Van de Klunderts became
landlords.
A standard lease states the
landlord is required to release the money within 30 to 60 days after you vacate the property if you've met all of your obligations, such as making all rent payments, moving out of the
apartment on time, returning the property
in good condition, etc..
A New York City judge ruled earlier this week that she must stop renting out rooms
in the
apartment immediately, and that her
landlord has grounds to evict her, according to the New York Post.
«
In a market where brokers are very active and charging a fee,
landlords will price their units to a point where they're sometimes equivalent to renting an
apartment with a broker fee.»
You get charged once your application is processed — when the broker or
landlord runs your credit, background check, and criminal and eviction history — but
in some cases, there are so many people interested
in the
apartment that not everyone's papers are processed.
That could pose challenges for
apartment landlords, who are bracing this year for one of the largest infusions of new rental supply
in three decades.
My returns are the results of not investing
in the stock market (exited 3/09), no P2P lending (there has been a shortage of borrowers and an oversupply of institutional money to lend when i was looking into it) but i am a
landlord of a couple of
apartments with my brother and my own private lending (both ROTH IRA and non-IRA).
The
landlord of a federally subsidized
apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is
in legal trouble with the city of Miami.
Instead of wasting time with these frivolous lawsuits, I wish the American Atheists would take issue with employers who require all workers to participate
in group prayer (as one of my former employers did) or
landlords who «casually» ask about your religion before they will rent you an
apartment (that's life
in the Bible Belt, eh?).
If such is truly the case (s) then each of our body - buildings has a
landlord or God and this
landlord / God does lease this body called building
apartments out to those who are
in need of residencies!
An ordinance has been drafted by the Metropolitan Tenants Organization that would require all
apartments in the city to be inspected when leased to a new tenant to catch lead hazards and require
landlords to abate.
«If a
landlord doesn't tell a tenant about lead paint
in an
apartment, he can go to jail.
In a rare victory for landlords, the New York Court of Appeals ruled they had acted properly in pushing up rents when they converted thousands of regulated apartments to market - rate unit
In a rare victory for
landlords, the New York Court of Appeals ruled they had acted properly
in pushing up rents when they converted thousands of regulated apartments to market - rate unit
in pushing up rents when they converted thousands of regulated
apartments to market - rate units.
The reform effort is focusing on two key priorities: Enacting Kavanagh's bill to repealing the «vacancy bonus»
landlords receive
in increased rents when tenants leave, and reforming the so - called «preferential rent» (AKA «bait - and - switch») provisions that allow
landlords to raise rents dramatically after tenants are occupying an
apartment.
This creates a perverse incentive for
landlords to do all
in their power to raise rents, push out rent - stabilized tenants, and bring
apartments into the open market.
Brooklyn Daily Eagle article on BP Adams working to prevent illegal conversions,
in which
landlords create unlawful and often hazardous subdivided
apartments, through legislation introduced at his request by Council Members Gentile and Williams.
Kavanagh appeared at the Stuyvesant Town - Peter Cooper Village Tenants Association meeting, focusing his remarks on legislation to repeal loopholes
in the rent laws, like his bills, passed
in the Assembly, to reform the system of major capital improvement (MCI) charges that are added to rent bills and to eliminate «vacancy bonuses»
landlords get when tenants leave their
apartments.
And
landlords will now only be able to increase rent for individual
apartment improvements one sixtieth, versus one fourtieth, the cost of the improvement, though only
in buildings with 36 or more units, something
landlords claim will worsen housing conditions for tenants.
Humberto Bernal - Gonzalez, who has lived
in his 88 Horatio Street
apartment since 1959, was threatened with eviction by his
landlord back
in April.
Gotham Gazette article on BP Adams joining CM Torres on legislation that would require
landlords with more than three units to install heat sensors
in each
apartment.
Mr. Rangel spoke to the Observer shortly after addressing a rally for more tenant - friendly rent stabilization — including the elimination of preferential rents, preventing
landlords from removing vacant
apartments from the rent control program and making charges for major capital improvements temporary rather than a permanent —
in his native Harlem.
Cuomo is right that de Blasio's plan would be a boon to
landlords in at least one respect: The mayor, to try to spur construction of cheaper
apartments, proposes extending the 421 - a tax abatement from the current 15 or 25 years to 35 years.
Rent - regulated tenants living
in Toledano's buildings, organized as the Toledano Tenant Coalition, have further alleged that the
landlord has arbitrarily denied their lease renewals, ordered them to vacate their
apartments, and intimidated them.
A class - action lawsuit has been filed by the Legal Aid Society on behalf of tenants
in two Sunset Park
apartment buildings who alleged that the
landlord discriminated against them and made them prove citizenship before agreeing to renew their leases.
The head of the New York City Housing Authority (NYCHA),
landlord to more than 400,000 New Yorkers and leader of more than 11,000 employees serving about 178,000
apartments in nearly 2,600 buildings, believes that the future of public housing
in the city must be driven by the same type of innovation embodied
in its early years.
Mr. de Blasio called the need for increased public housing funding «urgent,» pointing out that NYCHA is the city's largest
landlord, managing 178,000
apartments in 344 developments.
Currently,
landlords remove their
apartments from regulation by claiming they have invested
in major improvements.
In the past, legislators and governors have used the sunset date to shift the balance from tenants to
landlords, with what's known as vacancy decontrol, once the monthly price of an
apartment and the tenants» income reach a certain threshold.
Golden has at times insisted that the problem of vacancy decontrol — where
landlords claim to make repairs to vacant
apartments to price them out of rent control — is not a real problem
in his district but instead a worry for Manhattan legislators.
TPU served a comprehensive subpoena on an East Village
landlord who has allegedly engaged
in the harassment of Spanish - speaking tenants
in order to force them out of their rent - regulated
apartments.
The laws that cap rent increases on 1 million city
apartments expire
in June, and
landlord groups, tenant advocates and politicians all agree that...
Though she considers herself fortunate to live
in a rent - stabilized
apartment, she said that her
landlord has been on a campaign of harassment so that her
apartment could be remodeled and rented at twice the current price.
For
apartments in the city's so - called cluster site program, the city pays on average $ 3,027 per unit per month, which covers social services provided to occupants by nonprofit organizations and the rent paid to the
landlord.
The Bloomberg administration has also proposed initiatives forcing residential
landlords to regulate smoking
in apartments, mandating sexuality education
in middle schools, denying second helpings to school kids
in city breakfast programs, and encouraging new mothers to breast - feed.
Apartments near the Second Avenue subway are
in demand, and
landlords are pricing them accordingly.
Democrats
in the state Assembly had mounted a strong push to tie approval for a new tax abatement to rules that would make it harder for New York
landlords to turn rent - regulated
apartments into free - market units.
At 9:30 a.m., NYC Public Advocate Tish James holds a news conference before touring two
apartment buildings included
in her office's list titled «The 100 Worst
Landlords in New York City» released Wednesday, Oct. 8, as part of her series of «six month check -
in» visits to properties on the list, 14 E. 125th St., Manhattan.
Many tenants
in New York City's roughly one million rent - regulated
apartments will see their rents rise for the first time
in three years after a city panel voted last night to allow
landlords to increase rents on one - year and two - year leases.
Landlords of rent - regulated buildings, however, rely on raising rent 20 percent in vacant units to recoup the losses they have acquired by subsidizing other apartments for years without adequate rent increases, according to Frank Ricci, director of government affairs for the Rent Stabilization Association, which represents landlords of rent - regulated ap
Landlords of rent - regulated buildings, however, rely on raising rent 20 percent
in vacant units to recoup the losses they have acquired by subsidizing other
apartments for years without adequate rent increases, according to Frank Ricci, director of government affairs for the Rent Stabilization Association, which represents
landlords of rent - regulated ap
landlords of rent - regulated
apartments.
More than 1,800 market - rate
apartments in the city are becoming rent stabilized under an agreement announced among
landlords, Cuomo, Blasio, and Attorney General Eric Schneiderman.
In order to save more stabilized units, Mayor Bill de Blasio has proposed to abolish vacancy decontrol, a measure through which
landlords can de-regulate
apartments when those are vacated.
«I'm one of those guys with a shitty
landlord,» said Assemblyman Marcos Crespo, who lives
in a rent - regulated
apartment in the Bronx.
A small handful of
landlords, including the owner of a Bronx building where two infants were killed last week
in a radiator accident, account for an outsized share of dangerous violations
in the city's private -
apartment program for homeless families.
Landlords of rent - stabilized
apartments will see their property tax payments rise significantly
in the coming year, while rental income will stay put.