Episode 4: A $950 Annual Rent Increase – Is This a Joke?

No. It’s no joke.  A woman at last weeks meeting announced that she received her lease renewal and it had a $950 rent INCREASE!   How could this be, you ask?

This weeks episode revolves around William Koeppel’s wife, Jean.  Jean is a real estate broker who gets paid a large fee every time an apartment is rented at 350 East 52nd Street.  Obviously a $950 monthly increase is forcing the tenant out which is good news for both Billy & Jean!  He gets to rent the place out for more money and his wife gets the brokers fee.

One tenant was charged a broker fee in excess of $3,000. to move from a 1 bedroom apartment to a two bedroom.  No joke.

1 thought on “Episode 4: A $950 Annual Rent Increase – Is This a Joke?”

  1. The last paragraph was about my family.

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