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Entries tagged as ‘question’

Fame or Infamy: Does it matter?

June 2, 2009 · Leave a Comment

Student housing has been around since young cavemen pulled their sleeping furs around the elder caveman’s fire for a nap between lessons in Mastodon clubbing and unibrow grooming, but it’s only in (subjectively) recent years that websites specifically dedicated to rating landlords and property managers have started to take hold.

Notably, near the University of Wisconsin-Madison, prior to his term ending, former Common Council member Ald. Eli Judge organized plans for a “Rate My Landlord” website (see under Solutions for Landlord Accountability) that, at last report, is due out this August. The site is proposed to be a constructive and professional arena for renters to air their complaints, and landlords or property managers to have the chance to respond or defend themselves. The article explains Judge’s goal for the website,” is two-fold: rewarding responsible landlords and protecting tenants from bad apples.”

While Landlord rating systems are nothing new ( in fact, some national sites have been around since 2003) and forums bashing evil landlords and equally snotty-nosed tenants have no doubt been around since the internet’s inception, it does not mean that their implementation lacks the potential to be effective.

Here is a short list of sites that Google spits out in the top ten search results for me:

landorslum.com

pickalandlord.com

ratemystudentrental.com

ratemylandlord.com

While many seem to be based for students and student housing, sites like landorslum.com are national and apply to anyone who has rented room to tenant.

So, what does this mean for landlords and property managers?  More and more sites are popping up online for landlords to be starred and smileyed or tarred and feathered and while there has yet to be a site so definitive as to create blood feuds between management companies over reaching Numero Uno as a top ranked manager, landlord or company, is this the way we’re headed? How much of the content of these sites is valid, and how much is just angry ranting from wounded tenants?

The sixty four thousand dollar question is: Does anyone read these reviews anyway?

Categories: Madison · property management
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Understanding Rent Stabilization in New York City

May 22, 2009 · Leave a Comment

Rent stabilization has been in effect in New York city in one form or another since 1943. With over 1 million rent-stabilized units in the city today, and recent controversial legislation affecting rent-regulation, rent control is still a hot topic in the country’s most densly populated city.

For those of us who are not New York city natives and don’t live in a state or city that allows rent control, it can be a tricky subject to understand. Essentially, rent stabilization protects  tenants from steep rent increases and allows them the option to renew their lease; rent stabilization does allow for regulated percentage increases, which can change from year to year and is set by the The Rent Guidelines Board.

According to the NYC Rent Guidelines board, rent stabilization differs slightly from rent control in that rent controlled apartments, “apply to residential buildings constructed before February 1947 in municipalities that have not declared an end to the postwar rental housing emergency…For an apartment to be under rent control, the tenant (or their lawfyl successor such as a family member, spouse, or adult lifetime partner) must have been living in that apartment continuously since before July 1, 1971.”

What does rent stabilization control mean for property managers in the city? According to an article by Jeremy Peters in the New York Times, many landlords and the Rent Stabilization Association are unhappy about new legislation.

At Property Management Nation, we’re interested to know your thoughts. How do you feel about rent stabilization?

http://www.allpropertymanagement.com/search/new-york-property-management-companies.html


Categories: New York · property management
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