NYS,.. is your as bad?
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NYS,.. is your as bad? (by Hollis [NY]) Sep 16, 2021 12:29 PM
       NYS,.. is your as bad? (by Vee [OH]) Sep 16, 2021 12:52 PM
       NYS,.. is your as bad? (by Robert J [CA]) Sep 16, 2021 1:33 PM
       NYS,.. is your as bad? (by LordZen [MA]) Sep 16, 2021 1:56 PM
       NYS,.. is your as bad? (by MAP [NY]) Sep 16, 2021 3:25 PM
       NYS,.. is your as bad? (by Sorta Blonde [CA]) Sep 16, 2021 4:40 PM
       NYS,.. is your as bad? (by Hollis [NY]) Sep 16, 2021 4:54 PM
       NYS,.. is your as bad? (by Duplexer [IL]) Sep 16, 2021 7:46 PM
       NYS,.. is your as bad? (by Hollis [NY]) Sep 16, 2021 8:27 PM
       NYS,.. is your as bad? (by #22 [MO]) Sep 16, 2021 9:40 PM
       NYS,.. is your as bad? (by small potatoes [NY]) Sep 16, 2021 10:20 PM
       NYS,.. is your as bad? (by MAP [NY]) Sep 17, 2021 7:31 AM
       NYS,.. is your as bad? (by GKARL [PA]) Sep 17, 2021 7:51 AM
       NYS,.. is your as bad? (by Dan [NY]) Sep 17, 2021 10:06 PM
       NYS,.. is your as bad? (by Small potatoes [NY]) Sep 17, 2021 11:18 PM
       NYS,.. is your as bad? (by small potatoes [NY]) Sep 18, 2021 8:53 AM
       NYS,.. is your as bad? (by Carol [NY]) Sep 18, 2021 5:25 PM
       NYS,.. is your as bad? (by Ken [NY]) Sep 18, 2021 6:24 PM
       NYS,.. is your as bad? (by J [FL]) Sep 18, 2021 7:04 PM
       NYS,.. is your as bad? (by Dan [NY]) Sep 18, 2021 7:45 PM
       NYS,.. is your as bad? (by Small potatoes [NY]) Sep 18, 2021 9:48 PM
       NYS,.. is your as bad? (by Dan [NY]) Sep 19, 2021 12:00 AM
       NYS,.. is your as bad? (by Dan [NY]) Sep 19, 2021 6:45 PM
       NYS,.. is your as bad? (by Libi [NY]) Sep 21, 2021 1:01 PM

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NYS,.. is your as bad? (by Hollis [NY]) Posted on: Sep 16, 2021 12:29 PM
Message:

Take a look at this,..thinking of selling all after 37 year of LLing

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




NYS,.. is your as bad? (by Vee [OH]) Posted on: Sep 16, 2021 12:52 PM
Message:

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




NYS,.. is your as bad? (by Robert J [CA]) Posted on: Sep 16, 2021 1:33 PM
Message:

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




NYS,.. is your as bad? (by LordZen [MA]) Posted on: Sep 16, 2021 1:56 PM
Message:

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




NYS,.. is your as bad? (by MAP [NY]) Posted on: Sep 16, 2021 3:25 PM
Message:

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




NYS,.. is your as bad? (by Sorta Blonde [CA]) Posted on: Sep 16, 2021 4:40 PM
Message:

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




NYS,.. is your as bad? (by Hollis [NY]) Posted on: Sep 16, 2021 4:54 PM
Message:

I have properties in Ma as well,...not much better.

Its politicans buy votes as there a lot more tenants than LL's.

--96.236.xxx.xxx




NYS,.. is your as bad? (by Duplexer [IL]) Posted on: Sep 16, 2021 7:46 PM
Message:

Yes, its no secret NY is actively driving the mom and pop landlords out of business and is out to monopolize rental housing. There's money to be made in property leasing.... and the rich billionaires who run NY government and own most of the property, want ALL of it.

They also own the corporate media, so don't expect that story to be covered.

Some of the other states have caught on to the game are following suit, CA is among the bad ones.

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




NYS,.. is your as bad? (by Hollis [NY]) Posted on: Sep 16, 2021 8:27 PM
Message:

Too bad we couldn't organize LLs to call those 800 numbers and repeatedly argue with who ever has to man the phones.

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




NYS,.. is your as bad? (by #22 [MO]) Posted on: Sep 16, 2021 9:40 PM
Message:

wow, thats awful --23.126.xx.xxx




NYS,.. is your as bad? (by small potatoes [NY]) Posted on: Sep 16, 2021 10:20 PM
Message:

This is why I will keep screening until I find a qualified candidate, and they are hard to find.

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




NYS,.. is your as bad? (by MAP [NY]) Posted on: Sep 17, 2021 7:31 AM
Message:

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




NYS,.. is your as bad? (by GKARL [PA]) Posted on: Sep 17, 2021 7:51 AM
Message:

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




NYS,.. is your as bad? (by Dan [NY]) Posted on: Sep 17, 2021 10:06 PM
Message:

I think with certain portions of the law a landlord needs to be creative. NYS doesnít 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




NYS,.. is your as bad? (by Small potatoes [NY]) Posted on: Sep 17, 2021 11:18 PM
Message:

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




NYS,.. is your as bad? (by small potatoes [NY]) Posted on: Sep 18, 2021 8:53 AM
Message:

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




NYS,.. is your as bad? (by Carol [NY]) Posted on: Sep 18, 2021 5:25 PM
Message:

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




NYS,.. is your as bad? (by Ken [NY]) Posted on: Sep 18, 2021 6:24 PM
Message:

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




NYS,.. is your as bad? (by J [FL]) Posted on: Sep 18, 2021 7:04 PM
Message:

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




NYS,.. is your as bad? (by Dan [NY]) Posted on: Sep 18, 2021 7:45 PM
Message:

Rent shall be paid on or before the due date as Indicated In the Auto Draft Payment section.

A Late Fee of $50.00 will be added five days after the due date, plus interest of 4.5 % per month on

138 the delinquent amount. A fee of $50 applies when the Lessor issues a non-payment of rent letter to

139 Lessee after five days as required by law, Returned check fee: $75 per occurrence. Some prosecutors

140 consider a bounced check to be fraud and can be subject to triple damages.

Resident shall not have the right to apply

the security deposit in payment of the last month's rent. The attempt to use the security deposit as

the last month's rent will Incur a penalty of $400. Any rent paid 5 days or more late during the last month's

of tenancy will be deemed an effort to use the security deposit of last month's rent and will result in the

penalty of $400.

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




NYS,.. is your as bad? (by Small potatoes [NY]) Posted on: Sep 18, 2021 9:48 PM
Message:

Dan, I take it your rents are above 1000 a month thus your late fee is 50 bucks. If I read things right you are not charging an additional fee to send a certified letter. I hadn't thought about charging interest. When does the clock start on that?

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




NYS,.. is your as bad? (by Dan [NY]) Posted on: Sep 19, 2021 12:00 AM
Message:

I have not had to collect $400, but I do know tell folks when moving they canít deduct the security deposit. I have used the certified letter fee. At the same time my late fee kicks in. Iím providing a service writing, printing mailing a letter so Iíll charge for it. When the NYS laws came about I changed up my lease. I used Bradís 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 wonít allow it. As such, I increased my standards and canít rent to folks with bad credit or not a solid history. --67.87.xxx.xxx




NYS,.. is your as bad? (by Dan [NY]) Posted on: Sep 19, 2021 6:45 PM
Message:

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




NYS,.. is your as bad? (by Libi [NY]) Posted on: Sep 21, 2021 1:01 PM
Message:

by Dan [NY], are we allowed to have a Late Fee plus Interest? ( I hope "yes").

The new rule says: The most your landlord can charge as a late fee is $50 or 5% of your monthly rent, whichever is less.

--65.51.xxx.xxx



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