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Updated over 7 years ago,
Raising rent question for NYC
A relative owns a 4 units non rent stabilized building in one of the 5 Boro's in NYC. There having an issue with a tenant who's leave expired 3 months ago and want to raise the rent (current rent $1650 2 bedrooms huge 1,000 sqft apartment) local rents are in the area of 1800-2000+
They've approached the tenant on a few occasions and the tenant keeps complaining it's too much and they cannot afford it. He already has a waiting list of tenants who are wanting to pay $1800... current tenant paying 1650 and they they want to have it raised to 1725 ($75 increase) they explained r.e taxes, water went up. Tenant does not give a crap. Besides doing the natural route of filing for eviction are there any alternatives then to possibly losing 5-6 months rent?