Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

12
Posts
2
Votes

Rent Stabilization Act guidance needed

Chelsea Canning
Posted

 I am in a landlord situation where I bought a duplex with intent to move into the unit (“Investor realtor” gave very erroneous info during purchase) but Covid
happened and I was unable to remove the tenants due to the moratorium. Now I would like to move into the unit, I have been upside down in the property all through Covid even though the tenants are paying rent. one of the units is far below market value by the tune of half below. They are good tenants, never miss a payment and have been there for over ten years, approx 12 yrs. The people who rented the property initially are not living in the property, and no names of existing tenants match the original lease.  I’ve tried to read the Rent Stabilization Act, and it’s quite confusing and contradictory in some places. Need help figuring out what to do next.

Loading replies...