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19 June 2019 | 0 replies
Rehab experience is essential.
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.
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20 June 2019 | 33 replies
I don’t want to waste much time in the smaller scale family homes/rentals if the skills don’t necessarily transfer & I’d have to essentially start over from scratch.
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28 June 2019 | 9 replies
We would then essentially BRRRR the new properties, pay back the line of credit and hopefully do it again and again.Any ideas or suggestions would be welcome.Thanks,John
19 June 2019 | 0 replies
Feel free to reach out with other details you feel are essential in making a decision, thanks!
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20 June 2019 | 2 replies
You're not selling real estate, you are selling a vehicle essentially so do it just like a used car dealer would.Full disclosure: I've only dealt with mobiles on land but this is how I believe it's done in a park.
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20 August 2019 | 98 replies
His conclusion essentially was to save up to invest in large, commercial properties/businesses.
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5 September 2019 | 13 replies
I'll try to keep this briefNY State signed into law June 19th with immediate effect, massive sweeping state-wide rent control law with sweeping changes in landlord tenant law regarding: evictions, Leases, security deposits, holdovers, repairs, and essentially what you can and cannot do.This is very Pro tenant and took away substantial property rights.
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10 July 2019 | 7 replies
Because parters essentially have to be "beneficiaries" rather than partners which is complex.
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7 August 2019 | 1 reply
Essentially a full gut minus plumbing and electrical (as long as inspection is good but not ruling it out).