New York City Landlords Panic! 25% Of NYC Renters Didn’t Pay June Rent

New York City Landlords Go Into A Panic As 25% Of NYC Renters Didn’t Pay June Rent 

new york city landlords

New York City landlords are worried. The future looks bleak as nearly 25% of New York City renters have yet to make June rent payments.

The Community Housing Improvement Program represents the owners of 400,000 small rent-stabilized units which equals 3 million units. The group claims nearly a fifth of those surveyed reported rent collections less than 60% of normal.

CHIP is calling for a “massive federally-funded bailout” for renters. They believe this will mitigate the devastating impact of the rent shortfalls.

Read more at MFI-Miami

FAKE LANDLORD ALERT! New York Police Bust Fake Landlord

New York Police Bust Fake Landlord Scam That Fleeced Hundreds Of People

fake landlords

There are a number of fake landlord scams out there. Some of the scams are unique, some are brazen and some are just dumb.

Like a typical fake landlord, Ricardo Gonzalez of Tarrytown, New York thought he had the perfect scam until New York cops busted him.

The New York man posed as a real estate broker and falsely advertising apartments for rent bilking thousands of dollars from prospective renters.

Gonzalez put a unique spin on his fake landlord scam. He allegedly contacted landlords and told them he had friends interested in available units. He would then convince them to give him access to the properties.

Once Gonzalez got inside the unit, he took pictures of the apartments and obtained paperwork for the leases. He would then post the properties on Trulia, Craigslist, and Zillow. Thus, making it appear as though he was the real estate representative.

Read more at MFI-Miami