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... 

However while doing so you also need to make sure to comply with any fair housing laws that apply to your property to make sure you are not at risk of being accused of discrimination.

To add what he is saying, You also are missing some VARIABLE cost here which should be applied to UW.

The first point I was hoping to get across is formulating your entity structures in a manner that will achieve anonymity does not prevent claims from arising.To apply this in a practical manner, I volunteer myself. 

@Ray HernandezI would reinforce what @Will Barnard said above and try to apply this strategy to both options.

Appreciation is not evenly applied in a market.

Recently 2 new grads from out of State applied to rent my vacant 3 bed apartment.

Can be side hustles, education, applying at other places but income is a huge factor in order to invest.

The US has consumer protection rights that should apply to this space. 

White is denied the privilege of appearing or practicing before the Commission as an accountant, with the right to apply for reinstatement after three years.In a separate proceeding filed in district court on May 31, 2023, the SEC charged, among others, ORES and its CEO and founder Chimene Van Gundy with violating Sections 5(a), 5(c), and 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder.