By Craig Roche
1. Rent regulation: Rent regulation, imposed in 1947 and again in 1971, did not provide enough revenue for small landlords to function.
2. (Lack of) handiness: Being a small landlord requires being hands-on and understanding the intimate details of your building.
3. Money: Big landlords borrow more money at cheaper rates than small landlords can. Small landlords have to go to banks, and can only get a 10-year-loan for 60% or less of the value of a building, depending on actual rents.
See more here: http://www.brickunderground.com/blog/2013/05/top_10_reasons_small_landlords_are_becoming_extinct
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