And another landlord feeds the Cancel Rent fire! Brooklyn

And another landlord feeds the Cancel Rent fire! Brooklyn

Rental Property Investor · Red Bank, NJ · Member since 2017 · 1k+ posts · 1k+ votes

A few days after losing his job in March, Paul Gentile was throwing away trash outside his Brooklyn apartment building when he noticed a new sign hanging near the front door.

Because of the coronavirus pandemic, which has brought life to a near standstill in New York City and caused an untold number of people to lose their jobs, tenants in the building did not need to pay April rent, it read.

“STAY SAFE, HELP YOUR NEIGHBORS & WASH YOUR HANDS!!!” the landlord, Mario Salerno, wrote on the signs, which he posted at all of his 18 residential buildings in the borough.

It is too soon to get an accurate gauge of how many renters withheld their April rent and what the fallout would be for landlords.

But Mr. Salerno said in an interview on Thursday that he did not care about losing his rental income in April, nor did he care to calculate the amount that he would not be collecting from his 80 apartments. He said he had about 200 to 300 tenants in total.

He is likely forgoing hundreds of thousands of dollars in income by canceling April rent.

His only interest, he said, was in alleviating stress for his renters, even those who were still employed and now working from home.

“My concern is everyone’s health,” said Mr. Salerno, 59, whose rent gesture was first reported by the local news site Greenpointers.com. “I told them just to look out for your neighbor and make sure that everyone has food on their table.”

https://www.nytimes.com/2020/0...

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Real Estate Investor · Chattahoochee, FL · Member since 2014 · 133 posts · 107 votes
6y

I'm not sure what the issue is? He's doing something nice for others. What am I missing? I may not have caught the discussion on this issue on BP so I'm a bit lost. Is there an issue or am I misreading your intention? I'm not trying to start a fight I just don't get what you mean. Thanks.

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  • Peoria, IL · Member since 2013 · 967 posts · 383 votes
    6y

    mixing charity & business gets confusing 

  • Rental Property Investor · Red Bank, NJ · Member since 2017 · 1k+ posts · 1k+ votes
    6y

    I am curious to see some follow ups. I don't know how these "cancel rent" landlords can justify collecting June rents.

    And then there is the fall! Winter is coming.

  • Investor · Atlanta, GA · Member since 2013 · 3k+ posts · 3k+ votes
    6y
    Originally posted by @Patrick M.:

    I am curious to see some follow ups. I don't know how these "cancel rent" landlords can justify collecting June rents.

    And then there is the fall! Winter is coming.

    You want follow up? I have 2 tenants who were in eviction before this hit and they're riding out the moratorium, so they don't really count. 

    I lowered  the rent on my other 20 tenants for April and 19 paid all of it. The 20th is a family with 4 kids, who have not gotten their stimulus check, but they gave me partial for April. I'm working with them. Have also everything else for May. And my tenants think I'm the best landlord ever. 

  • Rental Property Investor · Red Bank, NJ · Member since 2017 · 1k+ posts · 1k+ votes
    6y

    @Michaela G. good for you. There are quite a few landlords on here that do this at least partly to fill an emotional void. 

    Personally, signaling to my tenants that I am fine to do without rent is a no go. And I believe it will only compound when the economy really hits the shitter. 
    Just shows there are many, many different types of landlords out there.

  • Investor · Atlanta, GA · Member since 2013 · 3k+ posts · 3k+ votes
    6y
    Originally posted by @Patrick M.:

    @Michaela G. good for you. There are quite a few landlords on here that do this at least partly to fill an emotional void. 

    Personally, signaling to my tenants that I am fine to do without rent is a no go. And I believe it will only compound when the economy really hits the shitter. 
    Just shows there are many, many different types of landlords out there.

    Wow! With your constant condescension , you must be a joy to be around in real life. 

  • Rental Property Investor · Brooklyn, NY · Member since 2013 · 272 posts · 165 votes
    6y

    I found this on another thread and think it's great. Join up!  

    ...

    Folks, We're not powerless. If we stand together, we can fight the insidious, moronic, unconstitutional #CancelRent movement. There are numerous steps we can take to combat this lunacy. PLEASE JOIN BELOW TO FIND OUT HOW

    https://www.facebook.com/group... [ https://www. facebook.com/groups/BoycottCancelRent]

    We all wish to help those in need, but forcing Property-Managers, Landlords, and Real-Estate owners to give away their only product for free isn't the answer. JOIN NOW! Open to all Realtors, Tenants who are proud to honor their word and are annoyed by freeloaders & those who won't, and all other supporters of Private Property rights.

  • Rental Property Investor · Red Bank, NJ · Member since 2017 · 1k+ posts · 1k+ votes
    6y

    @Michael G. Facebook groups have a way of splintering into craziness. I suggest investigating and joining your local Property Owner/Landlord association. 

  • Anthony GaydenPro Member
    Rental Property Investor · Omaha, NE · Member since 2014 · 2k+ posts · 3k+ votes
    6y
    Originally posted by @Patrick M.:

    I am curious to see some follow ups. I don't know how these "cancel rent" landlords can justify collecting June rents.

    And then there is the fall! Winter is coming.

     I have rentals in Nebraska and Arizona. I have collected 100% of my rents in April and May. 

    I think this is less of an issue in landlord friendly states. 

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