ag.ny.gov/sites/default/files/changes-in-nys-rent-law.pdf --96.236.xxx.xx

This is a great reason to convert to air-bnb, you pay about 15 percent as a hotel tax and much of this creates a shortage of rental housing, prices will slump then start to increase for the folks that have well maintained property. We did this about 4 years ago here, market is hotter than a blacksmith anvil. --76.188.xxx.xxx

It's both sad and crazy that government is putting the mom and pop landlords out of business with these new rules. --47.155.xx.xxx

THAT IS CRAZY!! OMG!! --98.216.xx.xxx

This has been in place since July 2019. It is almost as though they knew an artificial housing crunch could be created thus reducing vacancy rates to below 5% which is the trigger for de fact rent control. --174.208.xx.xx

As a former New Yorker, I'm soooo happy not to own rentals there. That brochure is unreal! Please don't let the 'rent police' in California know about this! Who gets to make these rules without considering how it affects those of us who are just trying to make a living? This makes it sound like all Landlords are evil, money hungry, crooks. I predict that somewhere in the not so distant future, all rentals will be owned and controlled by government agencies and not private enterprise. --174.65.xxx.xx

--96.236.xxx.xxx

Everybody loses except the guy on top. Small landords get scrwd now. Tenants are being used as 'cancel rent' pawns and will get scrwd worse later as housing choices become fewer, they've all destroyed their credit and rents rise. --162.200.xxx.xx

Nah,..we could never organize LL's (or herd cats) --66.30.xx.xxx

wow, thats awful --23.126.xx.xxx

You gotta love the slant of the writing on pg 8 "if you live in apartment ... there is still no limit on how much your landlord can increase your rent.." as in right now they can, but we will change this in the future. I also believe the AG pamphlet skews the wording of the law around the issue of advance payments. I do not believe the law clearly states you cannot collect last months rent, I believe is says you cannot collect a deposit greater than one months rent. Since last months rent is not returned to the tenant it is not a deposit. But for now I play along, I didn't see the advantage in having last months rent if you are headed toward proceedings. --24.194.xxx.xxx

small potatoes, she is obviously running for gov next year. --72.231.xxx.xx

I would not own an investment property in NYS and if I did, I'd probably sell. I agree, this is designed to run the small guy out of business. This paints LL's as abusive villains to be punished. --209.122.xx.xxx

I think with certain portions of the law a landlord needs to be creative. NYS doesn’t allow late fees until day 5, but also requires a late letter on day five before filing for eviction. We accept the five days and place that in the lease, but also indicate a late letter will be mailed and drafted on day 6. We charge for the letter writing and certified letter fee as written in the lease. --107.242.xxx.xx

Dan, that's all n good but that fee cannot be used towards eviction since the law only allows unpaid rent in the calculation. You can't deduct that from next month's rent and then say they are short rent. --172.58.xx.xxx

BTW what do you charge for the certified letter in the lease? I thought things only had to be sent w/ proof of mailing which costs me about 5 bucks. I like the idea of charging for the letter writing , just don't think that sticks w/ the way the law is written. As in we cannot charge pet fees, take more than one month rent for deposit or bill more than 5% late fee on rent. As it is I have to go to small claims to recover the fees for serving the eviction. I did get back the 5% sheriff fee for collecting the money judgement because you can charge interest on that amount. --24.194.xxx.xxx

if you take only double the rent,...can you call it the lasts months rent rather than it be deemed a security deposit and have to be escrowed (I'm no longer relying on sec deposits to cover damages) I know that a group of lawyers here that own a lot of rentals have stopped collecting sec deps because of their problems,. --66.30.xx.xxx

Carol last i knew unless a building has 6 or more units the security deposit does not have to be escrowed --72.231.xxx.xxx

So, is this kind of stuff going to be limited to "blue" states, or will it eventually spread everywhere? What's the consensus? --72.188.xxx.xxx

We charge a pet fee but just increase the rent, its not broken out. --67.87.xxx.xxx

Have you ever tried to collect the 400 penalty? I like they idea. I don't take pets but if it comes up I incresse rent 50 bucks. --172.58.xx.xx

I have not had to collect $400, but I do know tell folks when moving they can’t deduct the security deposit. I have used the certified letter fee. At the same time my late fee kicks in. I’m providing a service writing, printing mailing a letter so I’ll charge for it. When the NYS laws came about I changed up my lease. I used Brad’s lease, but made changes. I did modify it with my original lease and NYS laws. I do treat my tenants with respect, but will charge to train for the desired result. On day 14. the processor server will be employed along another certified letter. Ideally, two months security would be better, but NYS won’t allow it. As such, I increased my standards and can’t rent to folks with bad credit or not a solid history. --67.87.xxx.xxx

rents on LOng island are typically $1,900 for a one bedroom, $2,200 for a two, $2,500 for a three --67.87.xxx.xxx

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