Operating expenses include (but are not limited to): taxes, insurance, management, maintenance, entity maintenance, advertising, utilities (at least during vacancies), legal fees, damage done by tenants (over the security deposit), vacancies, setouts, lawsuits, and capital expenses (not technically an operating expense).There is no 2.5% rule.

It has further reaching effects than just land use and taxes.

The idea that the rules could change after the deals have been down does damage those who based their decisions on conditions and regulations as they stood at the time.

I absolutely despise the ACLU and all the low life legal-aid lawyers in this country.Why in the world should the landlord be held responsible for damage caused by the soap opera lives of the tenants?

This can be late charges, interest, utilities, property taxes, or damages, Tell the tenant to "pay rent and quit" (instead of "pay rent or quit"), or If you don’t let the tenant chose to forfeit the lease.

The most pressing include a leaking main water pipe in the crawlspace, several dead outlets, non-grounded outlets and non covered outlets, a loose shower liner/insert that has caused mold and moisture damage on the bathroom sheetrock (there is no vent/fan in there), and the carport and porch roof are leaking.

Even when other sites are not similar in intent they tend to create perceptions as to what makes a site useable or effective.

Dealing with bozos.Not flakes but true bozos.Flakes tend to be people who are naive or somehow over promise and under deliver.Bozos to me are the folks who are out to do damage.

damages.

I would like to hear from my fellow New Yorkers so we can compare notes and follow the laws and trends effecting our investments.