Forum Archive

Hi All,
It seems like the more people I talk to the more answers I get, so I thought I’d risk some more…
I am buying a seven family bld that has been vacant/owner occupied for 8 years. In talking to DHRC they said that since it had not had tenants in it for over 4 years it has fallen out from under rent stabilization laws and that I should register it with them at market rate rents (ie. 2k). They even said, “once you register at 2K you can charge whatever you want.” What I think they meant was “you can charge whatever you can get 2K and above” – right? Most of the apts., while close to 2K, will rent for under it, one above. So one question I have is, what happens if I list them with DHRC at 2k and charge say $1800? Does that put me back in rent stabilization land? Am If there is anyone who has dealt with this before or has recommendation on how to navigate these laws etc. please let me know. I would buy you coffee, beer, scones or other treats to learn from you!