The 2019 NY Rent Laws (Part 1 – Owners)

In this special 2-part series, we take a deep dive into the recent changes made to rent laws in New York. For many investors and owners of rent regulated units, these new laws radically transform the business and how it's conducted. Many investors are asking questions about how to move forward now that the laws have been passed.  For Pt.1 of this series, we will hear the perspectives from two investors who own and manage several thousand NYC units. Robert Nelson and Chris DeAngelis. Robert is the founder of Nelson Management Group, and Chris, President and Founder of TriArch Management Inc.   The act that was passed was over 74 pages so hopefully this episode will educate you on the current situation. For our listeners from outside New York City, you will understand why there is the phrase "if you can make it here, you can make it anywhere"… Hope you enjoy this informative episode of Behind The Bricks.  For more visit:  www.behindthebricks.com   Here are some additional links on the rent laws: https://www.wsj.com/articles/new-york-landlords-in-a-financial-bind-from-new-rent-law-11561201200 https://commercialobserver.com/2019/06/its-the-end-of-the-world-as-we-know-it/