Art of Eviction: The Landlord's Guide to Gentrifying NYC

The video discusses Steve Croman's alleged exploitation of rent control laws to replace low-income tenants with wealthier ones, increasing his rental income. The state attorney general accuses him of systematically making living conditions unbearable to force tenants out. Tactics include neglecting maintenance, causing outages, and offering buyouts. Once tenants leave, apartments are upgraded to market rate, significantly boosting profits.

What was Steve Croman's primary goal in investing in buildings with lower-income tenants?

• To replace lower-income tenants with higher-paying ones

• To improve the living conditions of the tenants

• To maintain affordable housing in the area

• To increase the value of the buildings for future sale

Which of the following tactics was NOT mentioned as being used by Steve Croman to displace tenants?

• Providing luxury amenities to tenants

• Neglecting maintenance leading to squalor

• Causing disruptive construction

• Allowing outages of essential services

What is the alleged purpose of making living conditions difficult for tenants?

• To attract media attention to the buildings

• To force tenants to leave voluntarily

• To comply with city regulations

• To encourage tenants to renovate their apartments

Once a tenant leaves and the apartment becomes vacant, what can be done to the apartment's classification?

• It can be converted into a commercial space

• It must remain under rent control

• It can be sold to a new owner

• It can be reclassified to market rate

What financial benefit does Steve Croman gain from reclassifying apartments to market rate?

• He receives tax incentives from the government

• He can charge significantly higher rent

• He can sell the apartments at a higher price

• He can reduce maintenance costs