All Forum Posts by: Angelo Barlanti

Hello Edwin, I saw this post and even though I'm late I will respond. I have been a landlord in NY and upstate NY for over 25 years. I wish I had opened my eyes earlier and invested in landlord friendly states. Whether upstate NY or in the city or the suburbs, it's the same process. Class A, B, C properties, someone will slip through the cracks. It happens in every state. The problem here in NY it will be a minimum of 6-12 months to remove someone. If you hear something different then they are probably newbies with inaccurate info. If you own smaller 2-4 units it will hurt your business not collecting rent for a year plus attorney fees. I'm not trying to discourage you in any way, just making you aware of the extra capital needed for the non paying tenant. That's just unfortunately a part of the business. Multi family investing is a great business to be in, but NY makes it a less appealing state to invest in. My opinion and experience. I am in the process of transitioning my investing out of NY. There will always be an issue no matter where you invest. So if you can shorten the eviction process then that's one less (large) issue off the table. Best of luck to you!

If any of the NYS judges are looking for ERAP tenants that are delinquent they can have mine.. Ladies and gents, I wish there was an easier solution here in NY because it is a wonderful state. I have been investing here for many years. We who invest here already know, or any new investors have to understand it is not a landlord friendly state as I have posted in the past. Tenant issues will take a minimum of six months to a year regardless of the issue. If anyone tells you otherwise well, have them call me...  Hopefully anyone going through some sort of eviction process has capital to get you through or anyone considering this state make sure you keep decent monies aside for this hidden NYS additional expense that no one really warns you about. Six months to a year with multiple tenants not having to pay hurts. Personally I love real estate investing and I will no longer be investing in NY. There are plenty of states that are more understanding of landlords. Luck to all!

 LOL

Unfortunately it is New York and I feel your pain. There is no fast forward in this state and there is no one in a hurry to push the process along. The only advice I can help you with is:

1. Find a good eviction attorney that knows the process and responds to your inquiries in a timely manner. This will not speed up the process but it will help you with answers to your ERAP and eviction questions and give you some pain relief.

2. Hard to do but (Have Patience)

3. Invest in landlord friendly states

I've been a landlord in NY for 25 plus years and it has been good but definitely not a cake walk and I'm no different than anyone who holds properties here. Evictions are always a battle here and I am ready to move my RE investments out of state. Not saying it will be easier but the eviction process will be. I wish you lots of luck and keep investing in RE.