Single moms really got screwed by this radical housing law. Thanks to woke politicians like Zohran Mamdani New York has the New York Real Property Law §235-f. This law allows tenants in privately owned apartments to share their space with immediate family and one other adult occupant and their dependent children. This means that property owners have no say in who can, or cannot, live in their apartments. If you own rental housing in New York your tenants can move in criminals, felons, addicts, junkies, domestic abusers, dealers, predators, etc. It doesn't matter. Anything goes in New York. Once a tenant moves in Landlords in New York have no legal right to say who can, or cannot move into the apartment building with them. The most obvious side effect of this is that landlords are simply not renting their apartments to single mothers due to the fear of these women moving in a boyfriend or baby daddy who will raise hell in the landlord's unit. Things aren't looking good for single mothers looking for housing in Zohran Mamdani's New York.
Talk about cutting off your nose to spite your face. Thanks to woke politicians like Zohran Mamdani New York has the New York Real Property Law §235-f. This law allows tenants in privately owned apartments to share their space with immediate family and one other adult occupant and their dependent children. This means that landlords have no say in who can, or cannot, live in their apartments. If you own an apartment building in New York your tenants can move in criminals, felons, addicts, junkies, domestic abusers, dealers, predators, etc. It doesn't matter. Anything goes in New York. Once a tenant moves in Landlords in New York have no legal right to say who can, or cannot move into the apartment building with them. The most obvious side effect of this is that landlords are simply not renting their apartments to single mothers due to the fear of these women moving in a boyfriend or baby daddy who will raise hell in the landlord's unit. Things aren't looking good for single mothers looking for housing in Zohran Mamdani's New York.
Proper tenant screening is the key to success when you're investing in rental properties. Unfortunately for those of us who are investing in rental properties in New York it's illegal to do proper tenant screening. Sounds nuts right? Unfortunately this isn't a joke. Thanks to woke politicians like Zohran Mamdani New York has the New York Real Property Law §235-f. This law allows tenants in privately owned apartments to share their space with immediate family and one other adult occupant and their dependent children. This means that landlords have no say in who can, or cannot, live in their apartments. If you own an apartment building in New York your tenants can move in criminals, felons, addicts, junkies, domestic abusers, dealers, predators, etc. It doesn't matter. Anything goes in New York. Landlords in New York have no legal right to say who can, or cannot move into the apartment building.
So you're buying Section 8 apartment buildings in Detroit, Michigan? You better do a great job of screening your tenants or you're gonna get chewed up and spit out. Investing in Section 8 housing in Detroit is a great way to make a lot of money. Section 8 properties in Detroit are some of the cheapest Section 8 units in the USA. However, the Detroit market is unforgiving if you don't know what you're doing. If you're going to invest in Detroit real estate you need to have a solid boots on the ground team who is well versed in tenant screening. Tune in to HoltonWiseTV to learn the tips and tricks you need to know to be successful in the Detroit real estate market.
Focusing on the tenant's experience will help you make millions when you're investing in rental properties in Birmingham, Alabama. Now don't worry, you're a landlord, not a hotel concierge. This doesn't mean you need to bend over backwards every time your tenant ask you something. What this mean is that you need to be thinking about the type of living experience your tenant is going to have when you're thinking about which rental properties to buy. If you buy a property that's got a crappy layout, your tenant is going to have a crappy experience. When your tenant is not having a good experience they're going to move and you're going to lose all of your profits doing unnecessary tenant turnovers. Tune in to HoltonWiseTV for more tips on investing in rental properties in Birmingham, Alabama.
The Chicago housing market is doomed. Everyone is leaving Chicago. Why? Why is everyone leaving Chicago? Is it the terrible government? Is it the insane amount of crime? Is it the inflated pricing? is it Kanye West?
Chicago housing is becoming more unaffordable by the day. The landlord tenant laws are becoming more tenant friendly at an alarming rate. For many investors, buying rental properties in Chicago, Illinois is no longer a sustainable way to make money. Many investors from Chicago are on the hunt for an out of state market that offers them better returns. One of those markets is Cleveland, Ohio. Tune in to HoltonWiseTV if you are thinking about moving your money from Chicago into a more affordable housing market like Cleveland, Ohio.
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