Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

You can also take the profit first approach and make sure you are taking profit out of your real estate on a regular basis to do with as you'd like.

While you can't create limitations against their lease and legal rights they have for quiet enjoyment, things like keeping common areas free of clutter or routine maintenance items that are tenant responsibility can often be added to help keep the expectations on both parties clear.

It wasn’t just rich people that got screwed by Morris Invest/ Oceanpointe I’m sure a lot of regular people got taken also. 

Quote from @Max Smetiouk: Hello Ryan,I am looking to acquire property and debating between regular LT rental and STR rental.

Folks will generally have a fantastic rental strategy but they don't fit the lense of regular guidelines.

Most would be better off with just a regular landlord insurance policy and an umbrella policy.

Quote from @Marc Shin: For my STR, should I be using waterproof LVP or regular tiles for the bathroom floors?   

I've seen insurance premiums for flood go up to 5-6k on a regular single family home depending on the area. 

Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental?