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Updated almost 7 years ago on . Most recent reply

User Stats

33
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10
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Andrew Major
  • Rental Property Investor
  • Greater Philadelphia Area
10
Votes |
33
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Cuomo New Landloard Law

Andrew Major
  • Rental Property Investor
  • Greater Philadelphia Area
Posted

Apparently New York Governer Cuomo added a new law that adds lawful income as a protected class. What does this mean for New York? In New York it seems that anyone can just apply and you have to accept them. Is REI done in NY? What do you think?

*Yes I spelled landlord wrong, and I cannot change it sorry for not proofreading 

Most Popular Reply

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28,240
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41,499
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,499
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28,240
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

It means you can't reject an application based on their source of income, as long as it is legal and verifiable. This means you can't reject Section 8, for example.

One thing you can guarantee: the larger cities will always have a more liberal worldview and things will always change in the favor of the bad people. If able, you should cash out properties in large metro areas and invest in outside markets with small(er) populations.

  • Nathan Gesner
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