23 September 2019 | 13 replies
Prohibits an RGB from setting longevity rentincreases.Part D: Repeals High Rent Deregulation, which allows units to be removedfrom rent regulation upon vacancy after the rent achieves a high rentthreshold; and Repeals High Income Deregulation provisions, which allowsunits to be removed from rent regulation if a tenant's income is$200,000 or more for two consecutive years.Part E: Sets the Preferential Rent as the base rent for the duration ofa tenancy, but preserves regulatory agreements that allow for legal rentincreases.Part F: Allows HCR or a court of competent jurisdiction to look back at6 years of rent history when determining rent overcharges, or a longerlook back period if it is reasonably necessary to make a determination.Eliminates the ability of an owner to escape punitive damages where theovercharges were willful.Part G: Enacts the "Statewide Tenant Protection Act of 2019" to allowany city, town or village to opt-in to ETPA and provides the appointmentof the members of the new RGBs to be done by the opting-in munici-palities.Part H: Amends the maximum collectable rent increase formula thatapplies to Rent Control units to set annual increase at either an aver-age of the last five years of RGB increases, or 7.5%, whichever is less;and prohibits Fuel Pass-Along charges for rent-controlled tenants.Part I: Reforms the personal use exclusion to limit the number of unitsan owner can take out of rent regulation, and requires the use to be animmediate and compelling necessity for use as a primary residence.Part J: Ensures that units rented by nonprofits to provide housing tohomeless or previously homeless people revert to rent regulation at theend of the use by the nonprofit, and that the previously homeless personor persons are treated as tenants for purposes of the law.Part K: Major Capital Improvement (MCI) & Individual Apartment Improve-ment (IAI) Reforms*Limits approvals to work for essential building functions and otherimprovements (e.g, heat, plumbing, windows, roofing); exclude mainte-nance.

27 May 2020 | 25 replies
The key in real estate or any business really, is to find a place where you don't need to compete like crazy and claim that as your battle ground.

20 June 2019 | 5 replies
Also, owner occupants wants features like granite counter tops and manicured laws that investors don't want since tenants do not care for them properly and rarely do they generate enough extra rent to make them worthwhile.So I don't see these two groups competing with each other frequently.

23 July 2019 | 13 replies
You will be competing with all the other units as well so that might be wrong.

20 June 2019 | 5 replies
They are building like crazy and its hard to compete with the big developers here.

20 June 2019 | 9 replies
It's possible we had a management issue, we had a 3rd party management company, and I don't really know how competent they were, but that margin just seems so skinny.

22 June 2019 | 26 replies
Professional lenders will want more sugar. in exchange for equity we provide liquidity and allow people to scale MUCH faster than they would normally be able to do.. and its a little cleaner for them than bringing in partners.. we are ( well we think we are professionals in the industry) were many partners may not have much experience and can be a real thorn if things don't work out the way THEY think it should.this is not for everyday deals.. these are bigger players do millions of dollars a year in business.. and or small builders that always have liquidity issues.

5 August 2019 | 3 replies
Lots of people all competing for the same number of houses.

6 August 2019 | 9 replies
I am a licensed realtor, and I can tell you that if you and I have a Buyer's Agreement in place that I am going to represent you in a transaction, you don't need a non-compete.