The overprotective tenant laws also exacerbate the problem they are trying to solve.
Personally knowing what I know, I'd let my home sit empty a good amount of time & eat more rapid price cuts while trying to sell it than try to be a single unit landlord in NYC.
Likewise small time landlords are going to be much pickier about who they let rent from them, in possibly discriminatory ways. It's a much lower risk than having a bad tenant occupy your unit, fail to pay rent, cost you legal fees and possibly damage unit on way out after 6 months.
A landlord is not going to take a chance on a drug addict in recovery or other higher risk tenant in this context.
> Personally knowing what I know, I'd let my home sit empty a good amount of time
Sadly, this is how most squatting situations start. Having an empty housing unit is very risky.
When my friend had squatters break into his house while it was being renovated, the police said their hands were tied. They had become squatters first, and the breaking and entering couldn't be definitively proven. They got to stay in the house for months while he paid lawyers to do the eviction proceedings.
Personally knowing what I know, I'd let my home sit empty a good amount of time & eat more rapid price cuts while trying to sell it than try to be a single unit landlord in NYC.
Likewise small time landlords are going to be much pickier about who they let rent from them, in possibly discriminatory ways. It's a much lower risk than having a bad tenant occupy your unit, fail to pay rent, cost you legal fees and possibly damage unit on way out after 6 months.
A landlord is not going to take a chance on a drug addict in recovery or other higher risk tenant in this context.