@redheadtarg@GramsciGordon @NickCampbemkpi @Kupp_HalfFull@NY_LBSS@thechosenberg This happens very often, especially on inherited tenants lol. Part of the problem with you morons is that you have no idea how anything works, and only speak based on your emotions 😂😭
@GramsciGordon @NickCampbemkpi @Kupp_HalfFull@NY_LBSS@thechosenberg You’re kind of retarded, actually.
Where did the management company say it was a rent controlled property? It reads as if there is no rent control. In which case you can blast the rent 10,000% on renewal if you want. Very few states limit renewal increases.
@TheLawyerOwl@GramsciGordon@crypt0v3rt@NY_LBSS@thechosenberg Depends if addressed right away. Depends on the construction type, flooring, wall material, etc.
Regardless, the underwriting on bringing that unit up to market rent is likely favorable over water damage costs. Unit had to be turned regardless after 24yr