ב"ה
Friday, 24 Elul, 5784
  |  September 27, 2024

It’s Greed and It Needs to Stop

Op-Ed by realtor Shloma Hecht: "Some owners have turned to methods of extracting money out of their rent-stabilized units that are both unethical and legally dubious." Full Story

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Eh…
August 28, 2024 10:27 pm

Not sure I agree… expenses are just going up for landlords, Taxes, Insurance are just some of the soaring items- and rents are capped. Rent stabilization laws are rooted in socialism. If groceries prices go up should they just loose money or close their business? Who will then pick up that business?! The State? Federal government? I’m not saying the system is right. And it is super expensive to live in CH. Unfortunately the community should have got more buildings to support the community, however to ask a personal individual to take a hit is not fair. Additionally, Don’t mean… Read more »

Solution!
Reply to  Eh…
August 28, 2024 11:42 pm

Mangment companies should have their in house leasing agents on salary and cut out the brokers. Win win for everyone

On the spot
Reply to  Eh…
August 28, 2024 11:59 pm

Thank you for saying it as it is. No one is forcing anyone to rent an apartment they can’t afford. Many landlords charge a broker fee post 2019 only on apts they hAve to renovate, in order to recoup some of the astronomical costs. Maybe the local contractors, plumbers, electricians, suppliers, etc should all offer their services and products complimentary to a landlord who will renovate yet keep the apt at the ridiculous below market rent so he can subsidize our young couple?? That is along the line of your suggestion. And, of course, legit brokers like yourself, should work… Read more »

Rent stabilization laws are rooted in socialism
Reply to  Eh…
August 29, 2024 7:49 am

It may be true Rent stabilization laws are rooted in socialism. However when the landlord bought the property the landlord knew the disadvantage of purchasing a rent stabilzed building. Their is a reason rent stabilzed buildings are generally cheaper then market rate apartments. They never the less chose to purchase these buildings even though they knew the rules of the game. For a few years the owners had it good since they where Able to do “renovation” on the unit and increase the rent price but that stopped so they are trying to look for another avenue to pull in… Read more »

David
Reply to  Rent stabilization laws are rooted in socialism
August 29, 2024 9:17 am

They had no way of knowing that the current administration would push our country into major inflation making it almost impossible to maintain a building in NYC. And then the DOB making new rules every year costing property owners even more $ than before. communism working its ways her.

No sympathy
Reply to  Eh…
August 29, 2024 8:20 am

Taxes and insurance in NYC are similar, or sometimes even less than cities where rent is half the price. I don’t cry for landlords making $2000 on a tiny 1 bedroom having to give a measly few percent of that to taxes and insurance. And the comparison to groceries is ridiculous. There isn’t a shortage of groceries the way there is with apartments. A better analogy would be if there was only one grocer in the city. In that case, if that grocer decided to charge extortionate fees just because they could, the government should step in to protect the… Read more »

You're forgetting about mortgage and upkeep
Reply to  No sympathy
August 29, 2024 11:47 am

Many take out a very large loan to buy the building. They don’t start seeing profits until after 20+ years. Until then, they need to make enough to cover the bills. And if they can’t make that money, they have to foreclose the building. There are many apartments throughout New York, where the owners had to abandon the building because they were losing more than what was coming in. Look it up. This whole concept of blaming the rich for being greedy, is complete nonsense. If you’d be honest, you’d admit, that it’s only because you’re struggling financially and want… Read more »

This is so funny
Reply to  No sympathy
August 29, 2024 12:05 pm

In your comment you are pro rent control. You then write that there is a housing shortage. What you don’t know, is that one of the unintended consequences of rent control is there being too little houses. If prices are kept artificially low, if I have money, I can afford two apartments in one city. I can also afford to live alone in my own apartment. I don’t need to rent an apartment with friends (an example is the following. Bochurim in crown heights get together and chip in to rent apartments in Crown Heights. The reason they don’t each… Read more »

Resident
August 28, 2024 10:36 pm

Thank you ! Thank you ! These landlords do not understand. To call 311 on them is Mesira but to extract illegal money well that’s fine. They would never do this to a non Jew ! You win some you lose some . Fargin the rent stabilized apartment to a young couple. You want market rate every single day ? Open a hotel. The rent stabilized prices are not Rock bottom either . Signed as a frustrated resident

What do you call rock bottom?
Reply to  Resident
August 29, 2024 12:03 am

When an apt becomes vacant after 20-30 years, it needs a gut renovation. NO YOUNG COUPLE WILL MOVE IN otherwise. Someone has to pay for that. The previous tenant’s rent could’ve been $1,000 for a two bedroom unit. Obviously the landlord will keep it empty He can’t afford the soaring renovation cost without recouping some via the rent.

this is a bigger issue
Reply to  Resident
August 30, 2024 9:55 am

I should write an Op Ed…

Acctualy if the Kollel and Mosdos paid the yungerman and their spouses ontime (not doing so is assur) and dont with hold pay for months

that would makle it easier for renters to pay rent and for landlords to get paid what is needed to keep the apartments affordable

hello
Reply to  this is a bigger issue
September 2, 2024 2:31 pm

maybe you should all move out of ny

“CH Gvirim”
August 28, 2024 10:38 pm

Why does it feel like this frum community more then all the rest gouge their own people to stay rich. Why can’t they take it out of their community?

100%
Reply to  “CH Gvirim”
September 2, 2024 9:52 pm

Crown Heights brokers and management companies need to do some serious self-examination. I don’t know how they don’t worry about what is going to be after 120 for them. Do they care about money thank their neshamos? It’s shameful

Response
August 28, 2024 10:41 pm

It’s really great when people are generous with other peoples money.

You have to understand that owners bought buildings understanding the existing rent laws.
When the State officials make new communist laws, they are the ones stealing, as most of these owners would not have bought the buildings had they known.

A lot owners have no choice but to charge where they can to meet the mortgage.

So when you write your well meaning liberal point of view, unless you’re putting your own money where you mouth is, then I would close it.

Mortgage so high
Reply to  Response
August 29, 2024 7:35 am

Do you know why the mortgage is so high. Since the landlord previously cash out on the property and over leveraged. And now has to deal with the monthly mortgage payments. That is not the tenants fault

Ybut you are charging the same
August 28, 2024 10:48 pm

You are never cheaper than other . Sorry.
You should do first step

Very flawed opinion.
August 28, 2024 10:50 pm

1) You yourself freely admit that “some owners find themselves with apartments at rent prices so low, they would actually lose money if they rented them out”, and then go on to begrudge the owner from offsetting this great loss by charging a fee at move in. 2) You talk about the poor Chosson and Kallah and the burden of a broker fee. Does this same concern apply to you and your team when hired by a landlord to market an apartment and charge the tenant a broker fee? 3) Written by a broker, it seems to me that the… Read more »

Let’s focus on the real issue
Reply to  Very flawed opinion.
August 29, 2024 12:07 am

“Certain” CH brokers that have listings within the immediate area of Kingston Ave & Albany Ave in the heart of the community, for some reason deliberately & on purpose list those apartments on “Street” platform for goyim instead of listing those apartments right here on the COLlive classifieds for their fellow Lubavitchers to rent.

Hence, shortage of apartments for Lubavitchers in CH

Or simply move out of new york!
August 28, 2024 10:52 pm

Florida is a good option 😉

Just curious
August 28, 2024 10:54 pm

If you were the one collecting the outsized brooker fee would you still be writing this article in the name of the rachmanous young Chosson and Kallah?

Thank you for speaking up!!
August 28, 2024 10:55 pm

We need more ppl to say it how it is!

David
Reply to  Thank you for speaking up!!
August 29, 2024 10:18 am

How “it is” is that the water bill alone for an apartment can be $2-300 and the rent they collect can be in many cases only $500. Then the landlord has to pay taxes, repairs, heating, etc. if they dont charge extra they will lose $ on the apt which is why so many landlords in NYC leave apartment vacant. they will literally lose $ on it. SO, should CH landlords leave them empty or charge a fee so it doesnt go to waste??

Response to David
Reply to  David
August 29, 2024 4:31 pm

The Author was stating the fact that it is illegal to charge a fee. You are making a justification as to why its ok to break the law.

David
Reply to  Response to David
August 29, 2024 9:50 pm

Ok, so your opinion equates to those landlords who keep prime apartments vacant. Im not for that. I think some laws are meant to be broken, however wrong that sounds. we live in a free country and the NYC laws inhibit the free market. Fact is, it costs more to maintain some of these RC apartments than to keep them vacant. In a free market if someone is willing to pay more, let them.

Subleasing
August 28, 2024 10:56 pm

Don’t only criticize the landlords. There are tenants who rent in these rent stabilized buildings who then unlawfully re-let their apartments at a huge mark up, or they run illegal short term rentals out of their rent stabilized apartments, all while the landlords rent at the legal price which is a loss.

It depends
August 28, 2024 10:58 pm

If landlords are investing significant funds into maintaining and improving rent-stabilized apartments, then it’s understandable why they might seek additional ways to recoup those costs. Charging what are often referred to as “brokers fees,” even when no broker is involved, could be viewed as a way to balance the financial equation. If these fees are transparent and directly related to the costs of enhancing the property, it could be argued that they are a fair method for ensuring that landlords can continue to provide quality housing in the long term.

Nice in Theory
Reply to  It depends
August 29, 2024 4:33 pm

Nice in theory. However, you just made your own interpretation of when it is ok to break the law.

This article is communist
August 28, 2024 11:08 pm

You first write how some apartments don’t go on the market because the owner would lose money renting it out (due to rent control). You then write that owners finding ways to charge extra money is due to greed.

Make up your mind, comrade.

How about some who take advantage of singles
August 28, 2024 11:18 pm

Young girls living alone they upcharge etc

Great article!!
August 28, 2024 11:19 pm

Factual, helpful,.
Now let’s see who listens😪?

Hashem is listening
Reply to  Great article!!
September 2, 2024 2:29 pm

and He’s waiting for people to give tzedaka

Very silly
August 28, 2024 11:20 pm

How silly. Your article clearly stated that landlords are unable to make a profit with the rules in place and yet you go on to call them greedy? I am NOT a landlord however it’s a simple equation – landlords own building to make money. They charge the market rent for their units. If they are above market rent they wouldn’t have tenants. It’s called the “free market”. Having the government artificially keep rents low is not sustainable. Have the landlord sell the building? To who? Someone who is willing to run their business as a charity for the government?… Read more »

Well said!
Reply to  Very silly
August 29, 2024 12:09 am

Don’t mind the red and green numbers. They both go up when trying to like or dislike 🙂
Excellent comment. Thank you for saying it as it is.

Nothing will change
August 28, 2024 11:27 pm

About time someone has spoken up about this SERIOUS problem, but let’s be honest. Nothing will change.
You go to communities like Williamsburg and Boro park and so on, you would not find anyone charging these ridiculous added fees like young people get charged in crown heights.
Then we wonder why there are families with 4 kids living in 2 bedroom apartments.
But then again, maybe it’s ok to charge a $3000 broker fee since it’s a “luxury” apartment. Aka having a washer dryer hookup.

Price controls don't work?
August 28, 2024 11:32 pm

Who would be surprised?

This was a bit contradictory
August 28, 2024 11:35 pm

In the beginning of the article, you state, that “…rent prices so low, they would actually lose money if they rented them out.” And then you end off by calling these landlords greedy! I am not a building landlord, but it sounds ridiculous that you are expecting landlords to lose money, instead of putting the onus on the government that creates such untenable policies.

Mr. Hecht
August 28, 2024 11:42 pm

If you’re so strong in helping tenants find housing that landlords aren’t squeezing them extra for why won’t you help those with city FHEPS vouchers? Why won’t you help those less fortunate in finding housing? I’ve contacted you and others at your office only to be turned away. Not sure you really should be the moral compass here

ouch!
Reply to  Mr. Hecht
August 30, 2024 9:45 am

Ouch ! that is an amazing call out that acctualy invalidates the whole artical! my son rents one of these apartments and has been treated fairly and equitably as well as others i know so stop whinning and focus on making it not wallowing in it

there is another issue that wasn't mentioned
August 28, 2024 11:47 pm

where some of the Frum landlords are making Tennants sign a Basis din Shtar agreeing to pay additional rent on top of the legal lease

Rent to Yidden
August 28, 2024 11:58 pm

If CH Lubavitcher brokers rented to Yidden we wouldn’t have a apartment shortage, end.

Finally!
August 29, 2024 12:06 am

Let’s see our local vaad hakohol do something about it just like in Williamsburg and other communities where such garbage would never fly!!!! Thank you for speaking out.

Sad to see how in this community we really “care” for each other.

Let’s hope someone puts an end to this.

I understand your concern
August 29, 2024 12:39 am

However, this is a problem that happens throughout New York, not just in Brooklyn. That indicates that there’s a problem with the system, not the landlords. The landlords are just trying to make as much money as they can, like every business owner. The question is why aren’t there more options?
The only solution is to build many more units to meet the increasing demand. There is no other way.
Writing op-eds and badmouthing landlords won’t do anything to solve the task problem.

Study Economics
August 29, 2024 12:56 am

It turns out that whenever there are stupid laws on the books that try to help tenants, they always end up hurting the tenants. Rent control are bad laws, perhaps with good intentions, but bad nonetheless.
They have never worked to bring down prices and they’ve always corrupted the market. We need to get rid of those laws and let the market operate.
Landlords are no more greedy than any other class of people. They’re just trying to make their payments. The margins are not great for most real estate businesses.

Communism 101
Reply to  Study Economics
August 30, 2024 9:49 am

as the great Yom Tov Eherlich said communism “Mir Fardint Comma-un-mir-hut-nist” these rent control laws are un american

if landlords charged to much no one would rent this artical is biased and at best suspicious due to the sources parnosa

Lazy Thinking
August 29, 2024 1:01 am

Everybody is greedy. That’s a known fact. The question is, how can landlords get away with charging so much but in other markets, businessmen can’t get away with increasing their prices whenever they want?
The simple answer is that in other areas there’s lots of competition and if you charge too much, customers will go elsewhere. In real estate, since there’s scarcity, landlord can often raise their rents and increase their fees at will.
The only feasible solution is to increase the amount of available apartments. There is no other way. We need to build, build build.

Doesn't work
August 29, 2024 1:03 am

Turns out that if it isn’t good for the landlord, it won’t be good for the tenant either…

Condescending much?!
August 29, 2024 1:08 am

“Nobody told you to be a landlord. If it’s not profitable to own the building, then sell it.”

Really?!

Nobody told you to be a realtor.
Nobody asked your opinion.
If you don’t like it, perhaps you should get out of the business.

Also, selling it won’t help anybody. Only somebody looking to make a profit will buy it, leaving you with the same problem, only that the new buyer will likely care less about the neighborhood that the original owner.
Be careful what you wish for.

tzedaka
Reply to  Condescending much?!
September 2, 2024 2:27 pm

is one of the main purposes of the world

Make a fundraising campaign
August 29, 2024 1:11 am

You are suggesting that property owners should subsidize young couples. But I see no reason why they should be responsible to help these poor couples more than the rest of the community.
You should collect money from the whole community to help the couples and not leave the burden on property owners just because they have buildings.

Don't vilify landlords
August 29, 2024 1:14 am

If you vilify landlords, fewer kind people will want to be landlords and then you will be left with only mean landlords who will charge even more and will cause more problems.

So Greedy!!!
August 29, 2024 1:20 am

Of course they are greedy! We are not greedy at all! It’s only them who are greedy!
I bet you charge as much as you could for your services, but for you, it’s just making a living, it’s not great at all!
Whenever someone else wants to make a living, then they’re being greedy!
Perhaps you could eliminate you broker’s fee for all newlyweds, or are you also greedy?

I SPY BIAS
August 29, 2024 2:07 am

The vengeance the comments are written with tells me they’re all written by landlords or tenants, each advocating their “interests” as opposed to their honest opinions . If only we respected torah knowledge we’d be seeking the opinion of unbiased tora sages on the matter instead of having this puppet show.

It's ok to not live in Crown Heights
August 29, 2024 2:27 am

Somehow we got to a point where every young couple who gets married with low-to-no financial means, decides that Crown Heights is the ideal place to settle down in. I understand the appeal and desire to live in the town you grew up in, near parents, family, friends shul etc but it’s simply unsustainable. Either you find a cheap disgusting apartment for $1800 or you bleed out $2900 for a modern 2bd in a new building and eat ramen for dinner. There should be a mass migration from CH to greener pastures (could be 50-100 miles away, not in Alaska)… Read more »

I got a solution!
August 29, 2024 4:44 am

Same question goes to you…Either you start charging half a month rent or just close your business. Other option would be landlords cutting out brokers and having in house leasing agents on salary

Allow them
August 29, 2024 6:02 am

Allow them to do it. Record cash payments being made, do a DHCR complaint and take the building.

They would never do the “Cash on the side” to a non jew. It’s not just brokers fees, they are collecting higher monthly rent in cash.

When rates go higher Rents should go higher co
August 29, 2024 6:33 am

This is self promotion, the problem is government making laws after the fact once someone purchase property.
If you are informed broker you will know that rates are high and that increases rents, do you research first.
Speak to landlords and find out if there scared to loose there property to foreclosure due to low Rents.

Learn first then be critic, it’s no so simple, it’s way more complex then u think

When rates go higher Rents should go higher co
August 29, 2024 6:34 am

This show why unethical laws are bad for everyone

Let's Be Honest about it..
August 29, 2024 6:54 am

Prices are through the roof! Paying rent every month is extremely stressful.

Halacha anyone?
August 29, 2024 7:32 am

You dont make up non existent charges to steal money from your tenant if you follow halacha. You should follow the law of the land as well and not overcharge. Otherwise just run a hotel

David
Reply to  Halacha anyone?
August 29, 2024 10:21 am

Do you know in many cases it costs more to maintain an apartment than what NYC allows you to charge for rent? Im sure you make some cash on the side which you dont report to the IRS. “follow the rule of the land” , right?? lol

Huh?
Reply to  Halacha anyone?
August 29, 2024 12:13 pm

If I rent you an apartment, and before we sign, I make you agree to pay a certain amount on the side, that’s all part of the original agreement halachicaly. It’s not stealing.

Eshel
August 29, 2024 8:46 am

The other option is eshel? Please charge me 450 per night for tishrei!

David
August 29, 2024 9:13 am

VERY rich coming from a real eatate agent who is listing 1 bedrooms for $5,000/mo & 2 bedrooms for $10,000/month. To write an article like this when the rest controlled apartment sometimes go for only $500/month. Go get a reality check and take a good look at yourself before criticising others who are tyring to make ends meet in crown heights. Inflation is hitting property owners like a ton of bricks. its not easy.

You don't seem to understand
August 29, 2024 9:41 am

You speak of landlords as of they’re all making tons of money and taking advantage of whomever they can. The truth is that there are all different kinds of landlords. Some do very well but others struggle. Especially now as prices have risen. From utilities to maintenance, compliance and taxes, some landlords struggle with paying their costs and barely make a profit. If a tenant holds out and refuses to pay rent, it can often take a year or more to evict them and replace them with a paying tenant. Besides the lost rent, it can cost tens of thousands… Read more »

Supply and Demand at Work
August 29, 2024 9:57 am

If there were more apartments available, they would never get away with these additional fees.
More are more people moving to town every year, more couples getting married, and that increases demand and drives up prices but new housing is not being built to offset the new demand, so prices and fees will inevitably go up.
We need to build more. We should advocate for zoning changes, make it easier to get permits, and encourage people to invest in housing.
The rules of supply and demand are a stubborn thing. Nobody has figured out yet how to get around it.

Theres more
August 29, 2024 10:18 am

what about rent stabilized apartments that people sublet to friends and family members as pied a terre for bubkehs?

talk is cheap look in the mirror
August 29, 2024 10:26 am

Look who is complaining now? Rental prices have gone through the roof and crying complain about everything on the phone but don’t do anything to help only add to the problem the city is very relaxed in their code enforcement. It’s even worse when the landlord went to local they charging primer doing nothing repairs I lie your face etc. Tenants yes should respect do their part in upkeep clean up ensure cabinets etc do not get broken UN purpose etc. If one decides to be a landlord know what you’re getting into Inspect the premises before hand do repairs… Read more »

Lol
August 29, 2024 10:57 am

Best quote of this silly article “Their owners can charge less than the legal maximum rent, but they can’t charge more.”

That what you call free market choices. You can choose less and you can choose the legal price but you are not allowed to choose more.

Lol

Just sell it...
August 29, 2024 11:16 am

Many these buildings can’t be sold because of rent stabilization and sit on the market for months or years. Stupid laws hurt everyone.

Rent “stabilization” is a huge part of the reason that everyone else’s rent is so ridiculously expensive.

These laws need to go, but knowing New York I’m sure they’ll just keep making everything worse.

whats your point
August 29, 2024 11:24 am

you contradict yourself in the article by saying the apartments are empty because landlord would lose money if they rented then say they charge a broker fee to rent and are greedy . What is the difference to the young couple pays a broker fee ti the owner or the broker fee to a broker for all the “HARD WORK ” he has done . it sounds like you just resent the fact that they are cutting the broker out in an attempt to make the money themselves. Brokers are also “greedy’. Everyone wants to make money so focus on… Read more »

Refreshing
August 29, 2024 11:30 am

Wow, this is so refreshing to read. Not all of us have mom and dad bankrolling shana rishona. I really appreciate that someone is recognizing financial hardship for young people.

Geulah Mindset
August 29, 2024 11:35 am

Thank you for the article and discussing this important issue!

1. The Rebbe was very clear “don’t use my name to charge high rent.”

2. In the Geulah there will NOT be words like “landlord” and “tenant.” The word “tenant” strips the person of all humanity, as if the person renting is lower class or subhuman.

Enough is enough! Some of us are here to learn/Teach Torah and put our children through Yeshiva. The rental culture we have here is NOT sustainable and is greatly harming Yeshiva families/employees.

In the Geulah…
Reply to  Geulah Mindset
August 30, 2024 7:34 am

…there won’t be any need for rent at all, because כל המעדנים מצויים כעפר. Obviously we’re not there yet. And the idea that using the word “tenant” “strips the person of all humanity” is just silly. It’s a factual descriptive term, no different than describing a person by his or her occupation.

Talk is cheap
August 29, 2024 12:32 pm

Do you think there will be a single landlord who will see this and say, “oh, Mr. Hecht thinks I’m greedy. I should lower my fees.”?
Fat chance.
Instead, we should look to understand the problem and think of ideas how to solve the issue, if possible.

Important
August 29, 2024 12:59 pm

This is a conversation starter for an important issue, but I didn’t see any real solutions here. Sounds a bit bitter and whiny, tbh.
We need to start talking about realistic ways to actually change things.

Chutzpa
August 29, 2024 1:05 pm

Easy for someone who isn’t a landlord to say this

Rent Stabilized Luck?
August 29, 2024 2:24 pm

Turns out that we are not so lucky that there are so many rent stabilized apartments in Crown Heights, as they are not available on the market. Wherever the government has regulated rents, they have always created new problems for the rental market. New York and San Francisco have some of the country’s strongest rent control policies, yet they are the most expensive cities to live in the country. Some policies can lead to the opposite of what they are intended to. It’s time to end rent control and rent stabilization policies. They don’t control or stabilize anything. They just… Read more »

naïve would be an understatement
August 29, 2024 2:25 pm

“Sell the apartment buildings” is literally a quote from AOC

Greed
August 29, 2024 3:33 pm

You yourself said that the laws changed and they can’t get the going rate. How can they maintain the upkeep if they are not getting much rent? And it is a business. You are looking at it through tenants eyes but as a landlord it’s quite a different story. I don’t advocate dishonesty however of it cost xxx amount to maintain and your only getting xx then what do you expect? And again it’s a business not a charity don’t blog on such a high horse what of your boss decides he is paying you too much and cuts your… Read more »

Kvetching Kvetching
August 29, 2024 3:59 pm

So much kvetching.
Even if I could afford to live in Crown Heights, who wants to be surrounded by so many kvetchers??
If you don’t like it, leave it or fix it. But kvetching and blaming…so so tiresome and annoying.

I am a big bad landlord
August 29, 2024 6:18 pm

The writer says: “Nobody told you to be a landlord. If it’s not profitable to own the building, then sell it. Petition the city to change the laws, or elect people who will. But don’t lean on the backs of our young people who are just starting out.” Well, let me requote you: Nobody told you to be my tenant – go rent by someone more reasonable! If it’s not affordable to rent your own apartment, then move in with the in-laws, as was done in der heim. Why don’t YOU Petition the city to change the laws to toghten… Read more »

Property owner
August 29, 2024 7:29 pm

This post shares so many unfair and factually wrong grievances I cannot believe the writer owns any real estate. Let me share some points that this writer failed to mention. The owner put up money at his own risk and amassed this money through savings and or loans to put a down payment on the property. Secondly, there are closing costs which can be approx 4-8% of the sale price which is cash down. Assuming we are talking about a 20 unit apartment building and was purchased in the last 20 years. This owner would have purchased the building for… Read more »

foundation of the world
Reply to  Property owner
September 2, 2024 2:24 pm

ever heard of tzedaka

Why don’t you say the truth
August 29, 2024 9:59 pm

Why don’t you say the truth, which is what you so clearly came here to say:

“I am a real estate broker, and I am upset that landlords are collecting the broker fee instead of me. I would like to make the broker fee instead.”

Simple.

no pity for greedy landlords
August 29, 2024 11:13 pm

Hashem runs the world! If you think that certain behavior will make you more money, Think again!!! Hashem will send you as much money as was decided at the beginning of the year!! There are many ways that hashem can send you that money Have Bitochon ! Why should it come in a nasty way! What kind of Brochos will that bring to your family!!
Make a keli for Money with Brocha!

Chochom
Reply to  no pity for greedy landlords
August 30, 2024 5:25 pm

And what business are YOU in? Whatever it is, and whatever you charge, you are GREEDY! If you work for someone, you are also greedy when you demand to be paid. How dare you? Demanding a salary?! Chutzpah!

Hypertension is also bad
August 29, 2024 11:14 pm

Take a deep breath everyone

Thanks in advance
August 30, 2024 1:41 am

Can someone please just build a large parking garage so we all don’t keep getting tickets, getting our cars towed, having to move our cars all the time, having to walk alone in the middle of the night for far-away parking spots, getting our cars broken into, or dinged? Whatever you would charge would still be saving us on so many levels.

Chaya
Reply to  Thanks in advance
August 30, 2024 5:22 pm

I have a secure parking spot for rent at 502 Brooklyn Ave Condo (@ Sterling). I am asking less than $10/day. It’s available for short or long term.

Too much money
Reply to  Chaya
September 1, 2024 4:54 pm

Just for parking
~300 a month. Insane

Chochom
Reply to  Too much money
September 2, 2024 12:15 pm

Maybe insane for some, but adter a long day at work, if I need to spend half an hour searching for parking, while I am tired and hungry, for me it’s worth paying $10/day to avoid the stress. Plus, I don’t need to worry about my car windows being smashed, tires stolen, or the inevitable parking ticket because I wasn’t far eought from the hydrant or I was too close to the corner crosswalk. You know, $10 is less than the price of a couple of coffees. Well worth it for me!!!

I don't buy expensive coffee
Reply to  Chochom
September 2, 2024 9:06 pm

3600$ dollars a year just for parking is insane. Paint it the way you want, still expensive

Let's become socialist
August 30, 2024 9:07 am

The community needs to control ALL rent prices, AND all food prices (which are cheaper elsewhere), and ALL clothing prices, and ALL businesses in Crown Heights. Enough with the greed that EVERY business charges!!! Down with Capitalist, hooray for Socialist!!! In fact, the Community should take over AL the business’s and housing – that’s right, ALL the private houses, too. And allocate to each family a few rooms to live in…like they did in the USSR. Oy I miss Communism.

Nothing new here
August 31, 2024 9:02 am

Sorry, but what? I lived in crown heights in 2014. I paid the nonsense broker fee. That was 10 years ago. I paid first, last and security. This isn’t anything new.

I'm not a tenant or landlord
September 2, 2024 11:38 am

Shloma, there are bad actors in every profession and business, including real estate owners, but as you yourself say they’re put in a position where they’re losing money with no legal recourse. So bad enough they’re put in that position but they should also be maligned as “greedy”? Politicians pander to tenants because after all there are exponentially more tenants that vote than landlords.

Yes
September 2, 2024 9:48 pm

It is despicable. The “broker” answered my phone call when I saw the apartment listed and gave me the number to the lockbox on the front of the building and the door of the apartment. I looked around & was told to fill out the application and pay the security deposit, the first month, and the brokers fee ($2000×3 = $6000). As a single mom leaving an abusive marriage I had little choice but to pay up and spread it on credit cards while I cried. I had nowhere else to go. I wish more people here in crown heights… Read more »

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