@Amanda Forde We had three or four leases that were coming up for renewal during this Covid window and had planned moderate increases for them but given everything that was going on we thought it better not to implement the small increases if it generated a chance of turnover, which quite frankly we did not want to deal with during the height of Covid.

I've implemented a similar value add strategy with small multifamily here in Denver (except refinanced and held instead of selling) with a few quads, a triplex and an 8-plex.

The order makes a vague reference that it was created to prevent financial hardship from covid.

That prevents any single night parties from happening.What you had sounds like it was a large gathering.

Update: In May 2020, Governor Cuomo implemented the Renters Relief Plan.

Rerouting water is always the most important step for preventing water damage.

All these points are great and I will be sure that I implement these next time I inherit a new tenant especially the hand delivered welcome letter.That's also a great motto to go by. 

I don't know that you can prevent it up front, but yet I'd walk away if you're getting so many above asking offers at that point in the process.

I'm in Florida (Tampa), and realize it varies by location and whichever brokerage you're with, but if I could get a rough idea it will help prevent any future surprises.

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