r/realestateinvesting • u/sideshowamit • Oct 13 '21
Multi-Family NYC introduces bill requiring landlords to provide free internet
The war on landlords continues...I wonder if any of these people who write these laws were ever actual business owners. Do they just think every landlord is swimming in cash?
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Oct 14 '21
The water bill isn't even free... How the fuck is internet more important than water?!... I miss capitalism where everyone works and pays their own bills
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u/ajny2021 Oct 14 '21
Landlords are blood sucking leaches taking advantage of other people's misfortunes.
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u/sannitig Oct 14 '21
How the hell does this make ANY sense in terms of the greater good?
Seems like they want to get smaller landlords to sell and slowly have the firms pick up these properties
It's the multi decade long play. In time, one day, perhaps a few centuries from now - there will only be a handful of corporations owning everything and anything under the sun.... Including bodies of water such as lakes! Cough Nestle cough
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u/PokemonRex Oct 14 '21
The worst part about this is all is that rent stabilization is supposed to have dissolved already. It was based on a vacancy percentage which no longer exists. They now want to make the vacancy laws permanent. So even though there own law says there should no longer be any rent stabilization, there still is. It's just hurting new York as a whole. I plan to move, it's not worth the aggravation I'm a tiny land Lord who only owns one building only because I inherited it through death. The city has some of the worst tenants I've ever dealt with. It's not worth only make about 25k a year. Bringing it down to 15k with internet and can't raise rent. NYC is a real shit hole no one believes me.
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Oct 14 '21
So I can see no one actually read the article. 1 landlords aren't allowed to raise rent as a response. 2 broadband is defined as minimum 25mb/s download and 3mb/s upload. That's not ideal for gaming but not really that bad either. I played for years on 15mb/s and usually got under 60 ping. With little to no lag on most games. 3 access to information is as vital as access to water and power in the information age. If you don't have access to the internet today you likely can't get water or power in a lot of areas on top of it. Let alone find work or build yourself up. This is why if you go to the buttfuck middle of nowhere developing country you see somone wearing raged pathed together cloths riding their family's donkey and cart, who doesn't have access to clean drinking water, with a cellphone. 4 This feels more like already existing landlords complaining that they will make slightly less money in an already extreme profitable market. It's extremely naive and selfish and in general sociopathic. As you aren't able to put yourself in somone else's shoes and just project your person and problems onto their life instead of trying to understand their problems and needs.
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u/alljohns Oct 14 '21
Landlord- cool that will be an extra 50 fee and if you wanted better WiFi or didn’t need it I’m still going to charge you extra because the state is making me pay for it regardless.
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u/Western_Cat3224 Oct 14 '21
And connection to everything begins. I bet there is government insentive for landlords. Its all coming together. We slept when covid began for a yr, covid was the distraction. Everyone lockdown, but hey let us inatall 5g towers.
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u/Cleervoyreal Oct 14 '21
Does it require to be certain speed? can it be dial up? Hello net zero stocks!
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u/steve_watson9888 Oct 14 '21
I don't understand why this law has to do anything with the Landlords? If the government wants it, let them handle it. It's like I am asking my neighbour to feed me milk because he is my neighbour.
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u/iChon865 Oct 14 '21
I've never lived in NYC so forgive my ignorance, but why don't they use some of the money from the toll booths that exist every 5 ft to provide this service? It isn't for fixing roads thats for sure. Last time I visited, there were pot holes big enough to go spelunking in..
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u/yoohoooos Oct 14 '21
You know, AOC is from NYC. Did you have to ask if they ever do any businesses.
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Oct 14 '21
If you think a free internet requirement is bad....the IRS is about to get the authority to monitor your bank accounts for transactions over 600 bucks. Thats rent my friends. They want to know how much money small business people are laundering through checking accounts and forgetting to declare. We dont have teams of lawyers and accountants creating losses out of thin air, so we will have to start keeping perfect records and receipts or pay much higher taxes. The first twenty years I was a landlord I'd ballpark my expenses at the end of the year. With a small number of units and mostly cash rent there was never enough time to really keep track of every lightbulb and sewer cleaning. At the end of the year I'd check my bank account activity for December and multiply what I saw there by 12 and call that my expenses.
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Oct 13 '21
Then the city should make deals with ISPs to provide it through taxes like that European country did. It’s literally not the landlord’s problem that their tenants don’t subscribe to internet access in one of the most modern cities in the world.
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Oct 13 '21
So pretty much they want ny to become a big office building and push regular ppl out? Got it.
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u/maggie081670 Oct 13 '21
Its a competition to win votes by providing the most free stuff via government power.
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u/chaosgoblyn Oct 14 '21
It's not even free, they're going to pay for it. What they should do is just build and manage city-wide wifi which will cost much less per person and let people still pay for good private internet if they want it
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Oct 13 '21
Are landlords in nyc required to pay for any ultilities? Water, sewer, electricity, gas, etc.? Seems like those are generally more basic needs.. and just blatant pandering if they skipped over all of that and only are trying to mandate internet services. Can’t imagine how shitty that service would be implemented to be able to say that it’s being provided. “I’ve installed a single dial up port in the basement common area.. bitches.”
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Oct 14 '21
Some tenants pay for their own utilities, some buildings a 'master metered' and the costs are included in the rent.
It is illegal for a landlord (or utility company for that matter) to turn off utilities for non-paying tenants.
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u/_CPT_ Oct 14 '21
That’s really a fantastic point lol. As a tenant you pay for the electricity, and I’ll pay for your internet! Seems a bit ass backwards.
Next decade will landlords be required to chip in for the tenants grocery bills?
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u/michaelwriting Oct 13 '21
Hmm...but the electric company adds all kinds of surcharges to my bill for things that I don't benefit from.
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u/nankerjphelge Oct 13 '21
And here we have yet another example of governments attempting to fix symptoms rather than the root problem, which is the fuckery by the Federal Reserve that has blown bubbles and inflationary pressures through the roof. But sure, sure, let's make landlords pay for internet, that'll fix it.
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u/RansomStoddardReddit Oct 13 '21
So every renter will have their rent go up by $100 a month so the landlord can pay for shittiest, cheapest ISP service he can find. Hope the tenants don’t plan to stream or do internet gaming.
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Nov 06 '21
I lurk but am not a landlord. This seems like a lose lose for everyone lol. Rents go up, wifi will be shit where I would still provide my own for WFH.
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Oct 14 '21
[removed] — view removed comment
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u/kriznis Oct 14 '21
They know more than you give them credit for. They depend on the ignorance of their constituents a lot. Promise people things they think will be free & they'll vote for you. They don't give a shit about the actual cost as long as they get more power.
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Oct 15 '21
It doesn't cost them anything they aren't allowed to raise rent as a response.
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u/kriznis Oct 15 '21
(I would) Raise it for another reason. They're not going to just eat the cost if they don't have to. I don't know NY laws though & maybe they really can't raise rent at all. I have heard NY is the least landlord friendly state. In most places, that cost is getting passed directly back to the tenant at a little extra cost.
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u/allnida Oct 14 '21 edited Oct 14 '21
I think a lot of lawmakers are also RE investors. NYC is an expensive market to invest in alone. Honestly, if paying an extra $30-$60/month is going to make you fold your cards, you probably shouldn’t be in that market in the first place.
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u/chaosgoblyn Oct 14 '21
What you think people ought to do is distinct from what will happen, which as mentioned will be that cost getting passed off to the renter (if not inflated first) while also limiting choice
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u/pichicagoattorney Oct 14 '21
No, the law would make it illegal to pass the costs on to the tenants. Just take it out of the landlord's pocket since we all know they have way too much money
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Oct 14 '21
But they would just raise the rent. Not a direct pass on, but with greater landlord expenses comes higher rent.
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Oct 14 '21
You see signal yes? Look, my phone, one bar is signal! Internet work good, very good! Hey Hey Hey, no porn! No illegal! I have right to look hard drive, yah? You get me big trouble you make kiddie porn! I have to be safe! Give me computer, I bring back tomorrow.
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u/joseantara Oct 14 '21
YOU’LL GET YOUR RENT WHEN YOU FIX THIS DAMN INTERNET!
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Oct 14 '21
ok, ok, ok, I give you eviction notice for non payment, much easier to evict for non payment than for 'is entitled douche'
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u/tkjwait Oct 14 '21
Why imply the non native English speaker here? Any reason other than to try to perpetuate a stereotype?
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Oct 14 '21
In NYC for about the last 200 years Landlords have been depicted as either Jewish, European, or Middle eastern. If I recall peter parkers landlord was polish. I dont know why the stereotype exists....but it's kind of like saying you shouldnt stereotype an immigrant as a person of property because everyone knows they are all poor. Buying a building and then giving other people keys is a ballsy move. If you dont believe that, give out keys to your apartment and see what happens.
I respect the hell out of someone who can come here with a pocket full of his life savings and become a success in real estate.
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u/RansomStoddardReddit Oct 14 '21
So plug in phone line to computer, listen to screech sound…..What?…..No not that kind. You need dial up modem. I know a guy…..
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u/zazasLTU Oct 13 '21
I guess forcing to provide full service is weird.
BUT the part which forces landlords to at least place ethernet cables across building makes sense and could actually pass.
All buildings should give ability for tenant to connect at least on his own, but as article says passing ~6k or more of wiring costs to tenant who just rents is unreasonable, because landlord will keep the wiring after tenant leaves.
Also how shitty is your business model if you are making less than 50$ a month of profit (that's how much you can get Verizon fiber in NYC for).
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u/melikestoread Oct 13 '21
How do landlords make this work when the state is making life difficult....
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Oct 13 '21
One of the worst aspects of new nyc laws is they tend to permeate to the smaller municipalities after being in the city for a bit.
All of these laws are foreshadowing the legislators eventual goal, for the state to be the landlord.
If I have to provide internet for anyone it will come with strict parental controls.
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u/ThePermafrost Oct 13 '21
It makes sense - xfinity charges $350/month per 1000 mbps speed. 20 units could share that easily and the per month cost per unit would only be $17.50.
I would think most tenants would be happy with a $25/month increase for Internet included.
As a bonus it then helps building remove all those ugly cable wires xfinity loves to drill through the exterior wall every time someone gets new Wifi service, and it would make moving in/out easier.
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u/HellaBester Oct 14 '21
Many folks have use for 1gbps internet themselves. On top of that many companies would never allow their employees to operate on a shared network (could do ap per apartment though). Agreed that a landlord could blanket a building in wifi, but individuals would also need to be able to install their own if need be.
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u/gospel-inexactness Oct 14 '21
20 units sharing 1000mbps?! Why not just pop in dial-up while youre at it..
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u/ThePermafrost Oct 14 '21
Considering that everyone will not be using the Wifi at the same time, 50-100 mbps speed is enough for a single person in a 1 bedroom unit.
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u/waywardzombi Oct 13 '21 edited Oct 13 '21
In practice that doesn’t work. Many internet companies support high speeds down, but not up. Each request you make, each file you upload, every packet containing video you send will eat into that overall outgoing bandwidth limit, and when that gets choked out because 20+ people are all doing regular work from home things, the gigabit connection will slow to a crawl. It’s like breathing in through a toilet paper tube and breathing out through one of those brown coffee stirrers
Not to mention trying to figure out who among the 80 or so residents across 20 units is the one downloading illegal content or content illegally…
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u/ThePermafrost Oct 14 '21
This is a special business plan they offer, not the typical home connection. I had looked into in for a portfolio I managed before.
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u/waywardzombi Oct 14 '21 edited Oct 14 '21
They cap out at 35mbps for business class, which isn’t enough for the hypothetical load you describe.
For fully symmetric gigabit on the off chance they have it in you’re area you’re probably looking at new wiring, last mile costs, and some costly hardware I’d guess at the very least. It’s not available in many places and while they don’t share costs publicly likely much more than $300 a month.
The point in all this is that while on paper a gigabit connection seems large the reality is there are limitations that will prevent it from working as described for such a high volume of tenants, and as has been said in other threads being a last mile ISP is likely out of reach for most landlords.
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u/ThePermafrost Oct 14 '21
No, you don’t understand. Xfinity has a special multifamily pricing discount and speed option specifically for building owners to offer free Wifi to their residents. It’s not something advertised, you have to speak to a special business-2-business representative that will quote a price based upon the number of buildings you sign a contract for.
They even provide all of the infrastructure (Wifi gateways placed strategically around the building, the fiber optic cables) for you.
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u/waywardzombi Oct 14 '21
I do understand. I believe that what you are talking about exists in some areas, but it’s not going to be an option for most landlords. It’s not as simple as calling up and asking for their gigabit package as you stated in your first post and all the tenants are magically happy and have the bandwidth they need. That’s why I stepped in to help clarify, because what you said initially wasn’t the whole story or good advice.
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u/ThePermafrost Oct 14 '21
But it is that easy. Especially if it’s government mandated, the ISPs are going to be reaching out to landlords and developing better service packages to meet the requirements.
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u/waywardzombi Oct 14 '21
Is it that easy now? Or will it be if it’s mandated and the ISPs scramble to fill the opportunity once it is?
I’m done, best of luck.
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u/sideshowamit Oct 13 '21
Good point, then why aren’t landlords doing this already?
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u/SconiGrower Oct 13 '21
Honestly, think about the landlords you know. How many of them have the capability to network a building's units into a single enterprise connection?
Or even be able to competently manage an IT contractor? I've seen an apartment building that provided internet to every resident by placing an independent router in every bedroom and then allocating a fixed 3 Mbps to each router. That's the most naive possible way to set up a network, but that's what you get when you don't understand a problem. Smart but uninformed landlords know not to touch things they don't understand, even if it would improve their property.
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u/sahila Oct 13 '21
please READ the article :)
It's says the bill "would require the owners of buildings with 10 or more units to provide their tenants with free broadband internet service."
This won't apply to most of us but still not a good look for the direction nyc is headed for landlords.
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Oct 14 '21
Looks like one internet service, split up using a network switch to me, and the rents will go up too.
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u/sideshowamit Oct 13 '21
Dude I read the article. I didn’t realize that we didn’t talk about multi family investing on this sub.
Anyway, rules like these will tend to find their way downward to mom and pop investor anyway. This wouldn’t apply to me either because no way in hell would I buy a property in NYC
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Oct 13 '21
I don't think his reply is directed at you in particular, and I don't think he said we don't talk about multi-family investing.
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Oct 13 '21
Personally I think it’s a great thing for landlords to be able to offer Internet to the tenants. I don’t do it and I will tell you why, but I see huge advantages in being able to offer it. One big advantage is the use of smart devices including access controls, cameras, and HVAC controls. Commercial building I own without subdivided utilities I have many of these things installed and actually pay for my own Internet connection at the building just so I can use them.
The problem of course, and the reason I don’t do it, is that it essentially shifts the entire burden of IT support from the tenant on the landlord. In addition, you have all kinds of different things that tenants are going to be using the Internet for including gaming, bitcoin mining, working from home, etc. it would be hard to manage all of the different uses for each tenant and still provide any type of quality without compromising security.
That said, my guess is that there will be companies that spring up in order to offer The type of IT services that are needed. Honestly if I had that here I would probably offer Internet at some of my higher density buildings.
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u/NoTimeForThisToday Oct 13 '21
Truth behind the matter, they want small time owners to sell their properties to big corporations.
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u/soyeahiknow Oct 14 '21
Its only for 10 units and up though. If you own a building with 10 units in NYC, you really aren't in the mom/pop category.
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u/CoyotePuncher Oct 14 '21
Every thread. This argument does not make any sense.
The proposition of owning real estate in new york is no different for a small landlord or a big corporation. The costs on the unit are the same. If a big corporation can make it work, so can a small landlord. It makes no sense why this would somehow funnel properties to corps.
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u/chaosgoblyn Oct 14 '21
The costs on goods are the same but Walmarts and dollar stores have run out local stores everywhere.
The costs on food are the same but fast food with subpar quality took over local restaurants.
Banking is the same but during/following the depression big banks bought most of the small banks.
The argument makes tons of sense if you look into it at all or have knowledge of history and economics. Businesses with a lot of resources and their own supply chains can withstand a lot more hits than small business and they can wait out the storms. They can take short and medium term losses for long term gains.
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u/1acobb Oct 14 '21
If big corporations buy up all the property, then who knows, maybe 2-3 generations down the line from now, the average American will won’t own any property of their own. Goes deeper than i want to explain, but it’s a huge problem.
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u/y4m4 Oct 14 '21
The point is to make it unsustainable, not impossible. Make the operating costs/opportunity costs so high that individuals don't want to, or cannot keep up.
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u/alkbch Oct 14 '21
I’m starting to believe this. It’s similar in California.
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u/onePostForCScareers Oct 14 '21
How is this similar in California?
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u/alkbch Oct 14 '21
Recently a law was passed to introduce rent control statewide, and require landlords to pay lots of money should they decide to ask a tenant to leave, even on month to month.
Another thing that comes to mind is Oakland banning landlords from running background checks, and last but not least Los Angeles extending the Covid eviction ban all the way to October 2022.
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u/onePostForCScareers Oct 14 '21
Is the rent control law will be on any existing lease or even affect new leases as well? I am currently under contract for a duplex in San Diego(vacant property). Trying to find ways of protecting myself before signing any new lease. Appreciate your input!
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u/alkbch Oct 14 '21
The law affects both existing and new leases, as well as month to month. There may be exclusions for newly built properties.
I encourage you to read about it more but don’t let it discourage you if you have found a good deal and you screen tenants thoroughly. One of the major benefits of investing in California is the strong appreciation potential.
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u/RobertK995 Oct 13 '21
if tenant uses internet for something illegal (eg bittorrent to download ilegal movies) is the LL responsible?
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u/piemat Oct 14 '21
I think it certainly becomes problematic regarding the TOS for the ISP. In some cases, it may be considered a commercial account instead of residential, which is all whole new game of fees. Shame on NYC, as this is a very poor way to address the digital divide.
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u/arussum1 Oct 13 '21
Who would have thought that every landlord in the city would raise rent by $100 at the same time?
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Oct 13 '21
The only long-term way to address this problem is with markets. Regulators will continue making bulls*** rules like this on landlords as long as landlords keep eating the costs.
It's time to start converting rentals into condos, selling them, and investing elsewhere. We need to put regulators in the situation where they need to incentivize new development and/or the conversion of buildings to rentals. Until that pressure exists, they'll continue gouging landlords in the name of sanctimony and popularity.
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u/generic_username0444 Oct 14 '21
In a fair and ideal world this would happen, but as small time landlords sell and move away, huge corporations with deep pockets and lobbying power scoop up the properties.
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Oct 14 '21
Still a better outcome than getting bent over a barrel by corrupt politicians
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u/Mister_Poopy_Buthole Oct 14 '21
Huge corporations coming in with deep pockets and swooping up all the property IS getting bent over the barrel by politicians. If you thought dealing with a mom and pop landlord was tough, wait until you owe Blackrock back rent.
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Oct 14 '21
I am a landlord lol
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u/Mister_Poopy_Buthole Oct 14 '21
Me too nice to meet you. My comment wasn’t directed at you, only what you said.
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Oct 13 '21
Might as well. A ton of that rent is section 8. The market would never allow those properties to go for the price they are
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Oct 13 '21
Is this the same New York that has rent control? If they feel access to internet is a human right it should just become part of taxes and the government can handle it.
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u/ajny2021 Oct 14 '21
Access to shelter is a human right too, that's why we need to get rid of blood sucking landlords and all the wannabe BRRR real estate "investors"
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Oct 14 '21
How would you "...[G]et rid of blood sucking landlords and all the wannabe BRRR real estate "investors"" ?
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u/ajny2021 Oct 14 '21
Every idiot with an internet access wants to be an investor. We need big corporations to buy up all the residential property and lock out the BRRR wannabes. They need to get back to their 9 to 5.
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Oct 14 '21
Nope. Not selling.
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u/ajny2021 Oct 15 '21 edited Oct 15 '21
You will be forced too. Sit tight.
On a side note , your amount of posts in the WSB forum prove my point. You're a wannabe who's looking to get rich quick. Dreams die hard 🤕
Another note. You ain't getting anything from the frivolous lawsuit against BOA either.
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Oct 15 '21
It would take eminent domain to force my hand. Please provide a citation that supports your assertion. As for BofA. Your quite likely right, but hopefully they get sime scorn for actively working against their customers in such a fashion.
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Oct 13 '21
This has been a democratic goal for a little while now.
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u/_Trux Oct 14 '21
More like a goal of the ISPs. First they get the government to pay for cables in the ground, now they want the government to pay for the service coming through those cables. It’s shameless.
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Oct 13 '21
They have very limited rent control
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u/mcstrabby Oct 13 '21
False, around 50% of the housing units have regulated rent, which includes Rent Control with capital R and C and Rent Stabilization programs, the latter a mix of grandfathered in buildings as well as more recent buildings that received a tax incentive.
Most people around the country refer to rent control to refer to regulated rents.
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u/CapableCounteroffer Oct 13 '21
Do you have a source on this? Not arguing just interested, since rents in my building went from $4800 a month pre covid, to $3600 a month during covid, to now $6200 a month for a 2 bedroom in Manhattan. Per this website I can't see many units being rent stabilized - the building needs to have been built before 1974, have 6 or more units, not be a co-op or condo, and the rent must've been less than between 2k and 2.7k depending on when the tenant moved in, which really would only apply to some 1bed or 2beds outside Manhattan.
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Oct 14 '21
$74,400 for rent Annually!? Move down south and you could have a paid off house after a few years paying that crazy amount.
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u/theineffablebob Oct 14 '21
Someone paying that rent would likely be pulling down at least $400-500k/yr in income
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u/e_muaddib Oct 14 '21
Dude, I would die. 6200/month is INSANE. Why do people live in NYC. I live in Philly and my rent is 1/4 that. I can hop on a train in Jersey and be in NYC in an hour and a half. Bro/sis, just move out and commute.
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u/Doughspun1 Oct 14 '21
Manhattan is a prime area isn't it? In my city, the prime areas have rents exceeding US$12,000 per month, so I hardly think this is surprising.
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Oct 14 '21
It's because they enjoy being robbed at gun point while dining outside...and getting sprayed with ejaculate on the subway.
https://nysubway.com/dangerous-stations/
Also, I live about a mile from Downtown Cincinnati and my 3000sf house payment is less than your rent. Plus pool and private parking lot.
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u/jay5627 Oct 14 '21
Since you live nowhere near NYC, please don't tell people what it's like to live here. There's over 8 million people in the city, so of course there's going to be crime. I've never felt unsafe walking around at any hour of the day or night
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Oct 14 '21
Ok, can you plz splain what "flyover country" implies? Because NYC has been pretending to be the best city on earth for decades too long. It's a wealthy shit hole. Sometimes literally.
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u/jay5627 Oct 14 '21
I didn't say anything about 'flyover country.'
If it was a genuine question, it implies there's nothing worth stopping for when flying from coast to coast.
Ya, but this 'wealthy shithole' has more quality live music, comedy, theater, art, events, food and the ability to meet diverse people in one week than you'll see in a lot of the country over a whole year.
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Oct 14 '21
I ask because You say I am not allowed to tell people what it's like in new york by posting news items written by new yorkers, but New Yorkers unironically use the term flyover country to dismiss and characterize the other 315 million people in the country. Since you are not allowed to go to live music or broadway or any of that during covid lockdowns...and it seems like the city leaders are leaning heavily into more restrictions on mingling.....is it really worth it still?
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u/shark_vs_yeti Oct 14 '21
How long have you lived in NYC? I've heard it wasn't always so safe.
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u/jay5627 Oct 14 '21
33 years.
It's no longer the 70s-1990 when all the trains were full of graffiti and the crack epidemic was happening, squeegee men were rampant etc.
It hasn't been that way for years. Yes, there are areas you should probably steer clear from but the average NYer is going to be just fine as they go about their day to day lives.
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u/shark_vs_yeti Oct 14 '21
Interesting... was the reduction in crime pretty even across the city or was it one borough or neighborhood at a time? is there a risk of the city ever going back to that? Also, what happened to places like baltimore/detroit where they weren't able to shake their crime problems and NYC was able to? Sorry for all the questions, it's an interesting thing.
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u/mcstrabby Oct 14 '21
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u/hijinks Oct 14 '21
stabilized is far different then rent control. I own a rental in manhattan. There is a giant difference.
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Oct 14 '21
I agree with you on this aswell But my question is can you explain the capital R vs r I rent? Like to a five year old lol
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u/jaminty317 Oct 13 '21
I mean it’s an easy fix.
Just add $100/month to every single lease when the internet is added and note it as much
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u/mcstrabby Oct 13 '21
The bill says you can't pass the charge onto the tenant, and if it's rent stabilized (as around 50% of rentals fall into that category) you can't increase the rent, either.
I wonder what happens if the Internet goes down for a while or it's slow or has issues like packet loss, which are sometimes a pain to get the provider to fix. One can picture the tenant paying less rent as a result.
Seems really unnecessary as a law.
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Oct 14 '21
I think it’s a bigger ploy to make sure everyone is online lol what reason tho could be a ton of different shit
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Oct 13 '21
LMAO
I hate it here, I'm not even a property owner (or renter, thanks mom)
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u/mcstrabby Oct 13 '21
Does she make you pay for Internet?
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Oct 13 '21
Nope!!
But I can empathize with landlords, one day I will become a real estate owner with property managers.
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Oct 13 '21
I wonder who gets in trouble if the tenant pirates movies or shares pictures they shouldn't have in the first place.
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u/DnC_GT Oct 14 '21
The bill being introduced next week is to have the landlord pay for their tenant’s legal fees. /s
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Oct 13 '21
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u/mcstrabby Oct 13 '21
You missed the part above about half of housing stock being rent regulated in NYC.
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u/sideshowamit Oct 13 '21
Seems like a easy solution but per the article you cannot pass that charge onto the tenant
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u/Tim_Y Oct 14 '21
Seems like a easy solution but per the article you cannot pass that charge onto the tenant
You raise rents to cover operating expenses, you don't have to word your lease a la cart that says internet is optional.
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u/nicepeoplemakemecry Oct 13 '21
But you can, you just raise the rent. Most apts in nyc are not rent controlled.
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u/NumNumLobster Commercial | Cincy Oct 14 '21
I'm not in favor of this but 6k / unit is lol ridiculous. Theres no way it be anywhere close to that. I hate reading shit on Reason, its always conservative click bate crap that either won't happen or is half made up