Not Your Landlord

Longtime NYC apartment building owner. Trying to stay in my lane. There are a couple of million apartments in NYC. I am almost certainly not your landlord.

[Not Your Landlord @not_your_LL]

"I know the rent is in arrears. The dog has not been fed in years. It's even worse than it appears. But it's alright." -- Garcia/Hunter

[Not Your Landlord @not_your_LL]

@WestHarlm @jaymart222 We have one Flushing loan (about $2.3M) which is actually serviced by Dovenmuehle. No one has contacted us.

[Not Your Landlord @not_your_LL]

@bethanyjbabcock @aussieflya @Apple Check eBay.

[Not Your Landlord @not_your_LL]

@aarmlovi I suspect that holding rents below the sum of prudent operating costs plus a market return on capital where market rents could cover same is a constitutional vulnerability that will eventually be successfully attacked.

[Not Your Landlord @not_your_LL]

@Jamie_LeFrak Your fourth point is the most interesting.

[Not Your Landlord @not_your_LL]

@jb_reefer @cgaunerd I agree with this thread.

[Not Your Landlord @not_your_LL]

@damonhemmerding This is one small reason he’s popular.

[Not Your Landlord @not_your_LL]

If someone came to me and asked what I thought of their plans to build an ADU in their backyard for an elderly parent, I would say that if they had the money and their parent could wait 18 or 24 months that it would be fine.

If that same person asked about building an ADU for an investment, I'd tell them to stay away and invest their money elsewhere. There are too many risks for which they won't be compensated.

[Not Your Landlord @not_your_LL]

This is not something that's normally on my radar:

I understand that there is fraud and there were many cases where investors bought heirs' minority interests, started partition actions, and settled for below market prices. (Sometimes -- many times? -- those claiming deed theft were also trying to screw the family member who sold the minority interest to an investor out of their -- typically intestate -- inheritance).

NYS adopted the Uniform Partition of Heirs' Property Act in 2019 that was supposed to address this. I have no idea if that's had an impact on this business.

[Not Your Landlord @not_your_LL]

@follard How did you get the stale cigarette smoke smell out. We a long time (30+ years) rent stabilized heavy smoker pass away recently (after a hip fracture, actually) and the smell was very hard to get out of the apartment (an ozone generator did help).

[Not Your Landlord @not_your_LL]

@robataol @patrickspauster Correct.

[Not Your Landlord @not_your_LL]

@JustinBrannan They are killing me.

[Not Your Landlord @not_your_LL]

@C_Sommerfeldt What law permits him to do this? There has to be something they are hanging their hats on.

[Not Your Landlord @not_your_LL]

@seandsweeney @realEstateTrent Do you? I have to make a conscious to not overeat if there is still food on my plate.

FWIW, my folks grew up during the depression and I walk around the house shutting the lights because that’s what my dad did.

[Not Your Landlord @not_your_LL]

@KeshiaClukey @Newsday @DandanZou Were the LI schools aware that pre-K was going to be required in two years?

[Not Your Landlord @not_your_LL]

@cgaunerd The are awfully little for kindergarteners.

[Not Your Landlord @not_your_LL]

@MosesNYC Yes, I was there, too

[Not Your Landlord @not_your_LL]

@JohnConnor_US @AStuttaford @jbarro https://t.co/TfsxVmDvnN

[Not Your Landlord @not_your_LL]

@JohnConnor_US @AStuttaford @jbarro I wonder if lead paint levels are analogous.

[Not Your Landlord @not_your_LL]

@gilmaman2 Exactly. They aren't serious people.

[Not Your Landlord @not_your_LL]

@KennyBurgosNY @KevinRBing The lottery system should be abolished.