Landlords: Mayor de Blasio ignoring our problems

Smaller property owners say building maintenance costs through the roof

TRD New York /
Nov.November 06, 2014 09:04 AM

The landlords of New York have a bone to pick with the mayor.

Tenant advocates are fairly happy with Mayor Bill de Blasio, who has been pushing for stricter rent regulation laws, according to the New York Times. Landlords, on the other hand, told the newspaper that the mayor is not paying adequate attention to their struggles.

Landlords — especially those who own smaller buildings — told the newspaper that they are having difficulties maintaining their properties. The reason? A rise in property taxes, fuel costs and other expenses. At the same time, the Rent Guidelines Board in June voted for a 1 percent rent increase for one-year leases and 2.75 percent for two-year leases, the lowest increase in multiple decades.

“Politically, I’ve never seen a climate more dangerous than I’m facing now,” Jimmy Silber, co-president of landlord advocacy group Small Property Owners of New York, told the newspaper.

New York’s rent laws are up for renewal in the state senate, where Republicans won control on Tuesday night. [NYT] — Claire Moses 


Related Article

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

Some landlords say they plan to close the door to vacant apartments and wait for the laws to change (Credit: iStock)

Creative ways NYC landlords are getting around the new rent rules

Cea Weaver (Credit: Elijah Stevens)

The tenant movement’s giant killer

The massive meeting held in a suburban casino outside of Utica came at a time when the real estate industry is asking itself some tough questions. (Credit: iStock)

Meet the 400 landlords that are taking rent laws into their own hands

Gary Barnett says luxury market is crowded, WeWork IPO woes continue: Daily Digest

State Senator Julia Salazar (Credit: Getty Images and iStock)

Sen. Julia Salazar proposes legislation to crack down on buyouts

From left: New York Communities for Change director Jonathan Westin, Neighborhood First Fund program director Joan Byron, and Ford Foundation president Darren Walker (Credit: NYC Communities, LinkedIn, and Ford Foundation)

The money behind the New York tenant movement

arrow_forward_ios