Preferrential Rents in stabilized apartments (section 8, rentals, crime rate)

[cjma79]

Originally Posted by DAS

OK that is a very good attitude to take if you want to stay in the game.

However I don't think the rent stabilization laws will end completely. You have too many people at the average salary of 46K, and above, but not to the point where they can pay market rents. These are people performing the jobs that the market rate tenants will not perform in this city. These workers are very much needed in the city.

People making 46K, can rent all over NYC.
And who said that people on rent control/stab. are poor people.
Also family making that amount can live in the PJ

[SobroGuy]

Bronx....what you did is not called gentrification...it is called cleaning up your building! Getting rid of the riff raff and welfare cases/drug addicts/problem makers is not gentrification...it is being a proactive Landlord that cares about his building and his Tenants. Having a minimum income to rent an apt is not gentrification either any more than doing credit/criminal checks is, it is called a good business policy. Regarding those that earn $46,000...on that salary you can live in 70% of the city..the issue is..you will NOT be able to afford to have 3 kids and all that goes with that (large apt, school, etc). The question becomes....you KNOW you earn $46,000 a year so why do you deserve/demand/expect to live beyond your means (aka have as many kids as you want, expect/demand to pay XXX amount in rent, etc)? I am not clear as to why the world should support a lifestyle that you cannot support.

[DAS]

Originally Posted by cjma79

People making 46K, can rent all over NYC.
And who said that people on rent control/stab. are poor people.
Also family making that amount can live in the PJ

I knew it would go back to where the old thread started. You can try to fool other people if you want, the problem is you are trying to fool yourself. Chalk it all up to a learning experience. You had enough money to buy, so you will work it all out, and still come out with something. So invest better next time.

[A_Better_Bronx_2morrow]

Originally Posted by SobroGuy

Bronx....what you did is not called gentrification...it is called cleaning up your building! Getting rid of the riff raff and welfare cases/drug addicts/problem makers is not gentrification...it is being a proactive Landlord that cares about his building and his Tenants. Having a minimum income to rent an apt is not gentrification either any more than doing credit/criminal checks is, it is called a good business policy.

Yes you are right about me being a proactive landlord and getting rid of all the riff raff, drug addicts, welfare cases in my building but thats sort gentrification to an certain extent.

Now if every landlord on my block were to do the same thing and then the surrounding blocks around us, then it is a certain form of gentrification.

Regardless if it is or isn't, the end result is that I am much happier now than I was 4-5 years ago since I was successful in envicting ghetto people out my building.

My problem now is having to deal with the ghetto people on the block that are still there and deter the classy, respectable prospective tenants from moving into my building and ultimately neighborhood.

They love my renovated apartments and how quiet the building is but hate the type of people that live in the neighborhood and feel unsafe so they opt to deny the apartment for that reason only.

They see the grafitti on buildings and people hanging out in the streets, yelling and acting uncivilized so they prefer to not want to be surround by ghetto people so they look elsewhere.

[cirlin6]

Sorry for a pause in the political discussion, but I had a technical question about this. I'm in a rent stabilized apartment but entered it recently. The rent is about market rate for my neighborhood. On the lease, I saw that the maximum legal rent is $2,100 or so. Does that mean that the landlord can raise it up to that amount on lease renewal? Or is he still limited to the increases set by the rent stabilization board?

Also, since the maximum legal rent was above $2,000 when I rented, does that mean that the apartment is technically de-regulated? I ask because I signed a lease form under the rent stab law.

Anyway, maybe one of you landlords know how it works. Before the flaming begins, trust me that around $1,900 for a two-bed is a pretty fair market price (maybe even high) in lower central Harlem.

[SobroGuy]

What you are doing is not getting rid of poor people, jacking up rents, and catering to wealthier people from outside the community..which is what gentrification is. What you are doing is REVITALIZING your building (and your community) by cleaning it up, getting rid of problems, and instituting the kind of sound policies and procedures that should have been there all along, and will provide stability, security, safety, and a better quality of life for your Tenants (and you). I have done the same thing on a smaller scale, and it is happening across the borough. If you are looking to clean up your block, I recommend reaching out to your neighbors (the owners) and discussing it with them. They will, in all likelihood, be on board. I have reached out to my neighbors and they are doing the same thing with my help and guidance, and building by building we are revitalizing the community.

[DAS]

Sorry for a pause in the political discussion, but I had a technical question about this. I'm in a rent stabilized apartment but entered it recently. The rent is about market rate for my neighborhood. On the lease, I saw that the maximum legal rent is $2,100 or so. Does that mean that the landlord can raise it up to that amount on lease renewal? Or is he still limited to the increases set by the rent stabilization board?

Also, since the maximum legal rent was above $2,000 when I rented, does that mean that the apartment is technically de-regulated? I ask because I signed a lease form under the rent stab law.

Anyway, maybe one of you landlords know how it works. Before the flaming begins, trust me that around $1,900 for a two-bed is a pretty fair market price (maybe even high) in lower central Harlem

You will get a lot of advice. You obviously cannot trust the landlord advice on this. Contact the Metropolitan Council on Housing google it in. They will give you the correct legal advice. No one except a lawyer can truly advise you. You have to much to loose if you don't. Don't worry about the flamers.
Good luck.

[DAS]

Originally Posted by cjma79

You people dont get the picture, and I guess never will.
Lets say I buy this building that is controlled.
And in 5 years, building had made profit, ever year less and less, just because my bills have gone way up, but my tenants rent hasnt.
So you keep saying they should have know, no body knew that the cost of living and bills would go up so much.
And when you try to sell the building, you cant, no body wants it. Or you have to sell it bellow market value.
Fair?
I think not, is only fair if the LLs bills dont increase or if it increase at the same rate as the rent.
If you buy a business, and the profit of that business is 100k a year, but now the profit is only 85k, what would you do?
You would increase the price of your product or service. But LL cant do this.
Is it FAIR??

cjma79: I know better than to argue with you. You will just keep going over and over on the same argument. I do get your point. I just don't agree with it. Other's do. It is ok for us to disagree.

If I bought a business and it didn't work out, and the laws prevented it from working out, and it looked like the law was not going to change quickly enough. I would cut my losses and get out of that business as fast as I could.

But that is just me. You seem to be able to afford it all, even though you are complaining.

[A_Better_Bronx_2morrow]

Originally Posted by cirlin6

Sorry for a pause in the political discussion, but I had a technical question about this. I'm in a rent stabilized apartment but entered it recently. The rent is about market rate for my neighborhood. On the lease, I saw that the maximum legal rent is $2,100 or so. Does that mean that the landlord can raise it up to that amount on lease renewal? Or is he still limited to the increases set by the rent stabilization board?

Also, since the maximum legal rent was above $2,000 when I rented, does that mean that the apartment is technically de-regulated? I ask because I signed a lease form under the rent stab law.

Anyway, maybe one of you landlords know how it works. Before the flaming begins, trust me that around $1,900 for a two-bed is a pretty fair market price (maybe even high) in lower central Harlem.

When a legal rent of an apartment becomes $2000 or more, it automaticly becomes de-regulated (a landlord's dream). Now the landlord doesn't have to follow any of those stupid laws in rent stabilized apartments. He is not forced to offer the tenant a 1 or 2 year lease. If he was smart, he would do a month-to-month lease with the new tenant as protection so if the tenant turns out to be difficult, he can choose not to renew the lease at the end of the month, hense evicting the problematic tenant.

In short, yes the landlord can charge you the legal rent once your lease is up. However, if the landlord sees that you are a great and ideal tenant who causes no problems, pays on time, then chances are he will NOT do anything stupid like raise your rent super high to scare your business away.

[SobroGuy]

And DAS we know what happend when people "got out of the business as fast as they could." They burned them down, abandoned them, and set off a chain of events that our society is still trying to recover from. So that is not a solution or an option, unless of course you want a repeat of the events? Had oil stayed as high as it was (which it is forcast to rebound to within the next couple of years), and utilities and everything else associated with these buildings going up dramatically, there is a breaking point where the abandonment will happen again. The question is..will it be the same as before? I would rather increase the rents and make things more equitable than find out.