All Forum Posts by: Eugene Fedotov

Not an attorney. But why not just have your attorney prepare a response that your unit does not qualify for Sec 8 based on.... If the non profit continues with the threat of litigation, threaten it with a counter lawsuit for filing a frivolous lawsuit.

Wouldn't it be easier to have it catered by a local restaurant?

Anything north of Washington St on Lark is low income area. The closer you get to Clinton the worst it gets. You will make $ but it will be blood $. Set up an account on nextdoor.com and see what locals are writing about in their areas. And you can ask questions too.

You still need to go through an eviction process including giving all required notices and serving papers on tenants (it will be posted on their door after 3 unsuccessful attempts). The process needs to be done in case one of them changes mind and returns. You are responsible to safeguard all property for 30 days. You can either haul everything to a storage or keep it on premises. Everyone on the lease has to release the apartment or be evicted. Also include on paperwork not only tenant' name but John and Jane Dow to cover anyone else who can show up later and claim tenancy. It is pain in ..... But this is NYS.

Anyone in Saratoga Springs or around read it.

https://dailygazette.com/2023/...

Just wander if anyone has an opinion how this will affect real estate prices

https://dnyuz.com/2023/06/01/arizona-limits-construction-around-phoenix-as-its-water-supply-dwindles/

This is what happens when government in essence commandeers a property. Who is going to compensate owners like this guy?

https://www.cbsnews.com/amp/sa...

Anyone dreaming about being a land lord should be ready for something like this

https://nypost.com/2023/04/15/...

If you do not want to read the whole article it is basically 

Building values are falling, interest rates are rising and rent growth is slowing

https://www.wsj.com/articles/houston-apartment-owner-loses-3-200-units-to-foreclosure-as-multifamily-feels-the-heat-fb3d0e75

1. When you are dealing w municipality, try to get everything in writing. If it is not on paper it does not exist. The official you are talking to now may not be around or suffer from "amnesia".

2. If you intend to sell mobile homes, you will run into Dodd-Frank Act. You will need an attorney who is familiar w it.

3. Test your market by placing Craigslist adds and see how many responses you get.