Post by High Priestess on Dec 16, 2018 4:26:46 GMT
Apparently an example of a bad landlord, who used "artificial means" to increase rents, ---- is President Donald Trump.
www.nytimes.com/2018/12/15/us/politics/trump-tenants-taxes.html
www.nytimes.com/2018/12/15/us/politics/trump-tenants-taxes.html
As it turned out, there was a hidden scam that lurked behind the mysterious increases. In October, a New York Times investigation into the origins of Mr. Trump’s wealth revealed, among its findings, that the future president and his siblings set up a phony business to pad the cost of nearly everything their father, the legendary builder Fred C. Trump, purchased for his buildings. The Trump children split that extra money.
Padding the invoices had a secondary benefit for the Trumps, which allowed them to inflate rent increases on their father’s rent-regulated apartments.
“The higher the markup would be, the higher the rent that might be charged,” Robert Trump, the president’s brother, once admitted in a sworn deposition obtained by The Times.
The president and his siblings have long since sold their father’s buildings and moved on with their inherited fortunes. But for tenants, the insidious effects of the scheme continue to this day.
Padding the invoices had a secondary benefit for the Trumps, which allowed them to inflate rent increases on their father’s rent-regulated apartments.
“The higher the markup would be, the higher the rent that might be charged,” Robert Trump, the president’s brother, once admitted in a sworn deposition obtained by The Times.
The president and his siblings have long since sold their father’s buildings and moved on with their inherited fortunes. But for tenants, the insidious effects of the scheme continue to this day.