Hi everybody, I'm Kenya, and welcome back to my YouTube channel. So today, I'm going to talk about rent control as a piggyback off of my video from yesterday. Last year, in April, I read an article (which I will link below the video in the description) in the New York Post about a woman who had rent control. Just in case you want to check it out for yourself, I like to have my sources to back up what I'm saying. When you buy an apartment building, right when you go on the MLS (which is the Multiple Listing Service that realtors use), it will have a list of statements about the property. You're looking for a one-family house, or a two or three or eight unit building. It will list all of the apartments and if they were occupied by tenants or vacant and how much each person is paying in rent for those apartments. So, you will already know who is living in a rent-controlled apartment, who is paying $78, and whose rent is $323. As a landlord, you already know who is living in your property, but you might also find that some people are paying way below market rate. So, a lot of landlords who buy buildings from other landlords or owners or investors already know that rent control is a thing. Yeah, I wanted to make a video on it, but I just never got around to it last year in April. An article was posted in April 2018 about a lady in Long Island City, Queens, who was living in a rent-controlled apartment. I believe it was a 10-unit building. She lived in the building, and her neighbor on the ground level would often ask her to babysit his cat. This was back in...
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Rent stabilized apartments nyc Form: What You Should Know
New York State Department of Housing Preservation and Development (HPD) and City Rent Guidance (CAR). You may also want to contact your local city or county Rent Board to determine if your apartment is rent stabilized.
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