Robot landlords
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Robot landlords (by Richard [MI]) Nov 28, 2022 8:47 PM
       Robot landlords (by Robert J [CA]) Nov 28, 2022 9:18 PM
       Robot landlords (by Tonia [RI]) Nov 28, 2022 11:18 PM
       Robot landlords (by tryan [MA]) Nov 29, 2022 8:51 AM
       Robot landlords (by WL [CA]) Nov 29, 2022 10:13 AM

Robot landlords (by Richard [MI]) Posted on: Nov 28, 2022 8:47 PM

Good article on robot landlords on Citizens Free Press. Talks about the big hedge funds buying places and managing them all over the internet. (No real robots were used in the article, just all done over the internet).


Robot landlords (by Robert J [CA]) Posted on: Nov 28, 2022 9:18 PM

When my brother moved to Manhattan for his dream job, he first rented an apartment, looking to buy a co-op down the road. The owner of his high-rise apartment complex was a remote corporation. When my brother complained about no-heat, air conditioner broken or no hot water, the owners could care less.

So after a letter campaign, he began to withhold rent, placing it into a trust account. Then when my brother showed up for landlord tenant court, the owners will pull it off calendar, making my brother loose a day's pay from work.

So you have to fight fire with fire. My brother organized a rent strike, listing all grievances, making all tenants open up the proper trust account and write the owners about fix something within a reasonable time frame or we will stop paying rent.

Out of the 250 apartments in the building, 220 withheld rent for over 4 months.

Then the owners could no longer play, take the case off calendar. The tenants now had a lawyer representing them and didn't have to show up for court because the owners were playing games.

The owners were forced into a settlement.

1) Fix all broken things.

2) Forgive all back rent.

3) Have units inspected and if things were good, rent would start.

The owners lost over 1 million dollars because their REMOTE operations didn't account for repairs. --47.156.xx.xx

Robot landlords (by Tonia [RI]) Posted on: Nov 28, 2022 11:18 PM

I do not compute! --173.69.xx.xx

Robot landlords (by tryan [MA]) Posted on: Nov 29, 2022 8:51 AM

I read the article .... they are buying the way lots of us do: small 2 or 3 br 1 bath SF houses that can rent for a profit. Cluster them into working class neighbor hoods . Then automate the heck out of the admin and maintenance .

Crazy thing is they are backed by pension funds. The flippers (redfin, opendoor ....) will be in trouble in down trending market. These guys - paying dividends with rents - should survive.

Robot landlords (by WL [CA]) Posted on: Nov 29, 2022 10:13 AM

If you are a NYC LL suffering under rent control, now is your chance to move in hardened criminal types next to your long term rent controlled tenants with no liability due to the new law. Wonder how the 60 year old tenant paying $300 per month for a rent controlled apartment is going to like a mugger, robber or murderer next door? If the NY tenants voted for this, let them get what they voted for. Moving the Morlocks next door to the Eloi - should be interesting to see how that works out! Guessing the LL will soon have a vacancy when the Eloi gets "harvested" by the Morlock.

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