New York Landlords Gear-Up for Court battle

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Do you remember the story we posted about the twice-married woman in New York City who was “adopted” at age 58 by an elderly man she befriended so she could stay in his rent-controlled apartment (where he’d been living for at least 85 years, btw)?  Well, as Kathy Fettke reports in a recent episode of Real Estate News for Investors, things just got a lot worse in New York.  She says New York landlords are gearing up for a court battle over new statewide rent control rules that will have a dramatic impact on rent-regulated apartments in New York City, as well as non-rent regulated rental units across the state.  Landlords are planning to fight back with a lawsuit.

Click here to listen on Real Wealth Network.

 

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Director of Education & Outreach, National Real Estate Investors Association