Pros:
Great location. Great amount of (c) openigloo space in the units.
Super is (c) openigloo helpful and responsive to repairs. (c) openigloo Management will gaslight you about (c) openigloo your repairs.
Free monthly extermination for (c) openigloo roaches and mice if you (c) openigloo sign up in the lobby.
Cons:
Unit hasn’t been updated or (c) openigloo renovated in years but they (c) openigloo are charging the same rent (c) openigloo as the renovated units. 25% (c) openigloo increase in rent every year. (c) openigloo Other properties in their portfolio (c) openigloo are nicer and bring in (c) openigloo more money but tenants in (c) openigloo other in unrenovated buildings are (c) openigloo stuck paying for their finances.
They (c) openigloo “lost” our rent checks on (c) openigloo 2 occasions and demanded we (c) openigloo send more - when I (c) openigloo sent them proof they had (c) openigloo cashed them from my bank, (c) openigloo my rent balance mysteriously was (c) openigloo back down to zero and (c) openigloo they never replied. This happened (c) openigloo to two other units in (c) openigloo the building as well. You (c) openigloo cannot send digital payments. If (c) openigloo you send a check before (c) openigloo the rent is due, they (c) openigloo will cash it either 10 (c) openigloo days before the 1st or (c) openigloo 2 days after. If your (c) openigloo check bounces you get charged (c) openigloo a fee, even if they (c) openigloo cash it too soon on (c) openigloo their end.
Our hot water was (c) openigloo 170+ degrees in the shower (c) openigloo for 15 months and they (c) openigloo refused to fix or believe (c) openigloo us. When I said that (c) openigloo getting burned would impact my (c) openigloo job and income and therefore (c) openigloo their rent, the plumber came (c) openigloo by the next day and (c) openigloo fixed it.
You can’t control the (c) openigloo heating in the unit. Heating (c) openigloo stays on in the winter (c) openigloo even on 50+ warmer days. (c) openigloo There is no air conditioning, (c) openigloo and the walls are concrete (c) openigloo and insulating, so summer months (c) openigloo are also very hot.
The living (c) openigloo room, kitchen, bathroom, hallway, and (c) openigloo one bedroom gets zero natural (c) openigloo sunlight. They have windows but (c) openigloo they are all blocked by (c) openigloo brick walls.
The appliances are from (c) openigloo 1980 and are not updated.
The (c) openigloo most expensive units are on (c) openigloo the 7th floor, but the (c) openigloo elevator breaks down about every (c) openigloo other month, causing them to (c) openigloo have to walk 14 flights (c) openigloo of stairs.
Laundry in the basement (c) openigloo is only accessible by elevator. (c) openigloo Laundry costs $2.25 a wash (c) openigloo and $2.50 a dry per (c) openigloo machine. Lots of roaches and (c) openigloo rats in the trash room (c) openigloo and laundry area.
Basement where the (c) openigloo laundry is located has homeless (c) openigloo people squatting and once had (c) openigloo an underground brothel running in (c) openigloo the “supply room” next door.
We (c) openigloo were being asked to pay (c) openigloo $5,000/mo for an unrenovated and (c) openigloo unrepaired unit simply because some (c) openigloo rich, young family was willing (c) openigloo to pay that much for (c) openigloo the renovated unit above us.
You (c) openigloo have to buy your own (c) openigloo overhead lightbulbs for the unit?
Advice to owner:
Be realistic with your rent offers. Believe your tenants before they threaten a lawsuit.