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A rooming house, also called a "multi-tenant house", is a "dwelling with multiple rooms rented out individually", in which the tenants share kitchen and often bathroom facilities. [1] Rooming houses are often used as housing for low-income people, as rooming houses (along with single room occupancy units in hotels) are the least expensive ...
Payton got charge of more houses, and began to deal in real estate for himself as well as for others, until he was making profits of thousands of dollars per month. [3] I knew that if I made one good sale I could make enough to keep me going for a year. I came so near making a good sale so many times that I knew I was bound to hit it before long.
[2] In August 2013, the company became a public company via an initial public offering. [1] In March 2016, the company merged with American Residential Properties, Inc. [4] In January 2023, the company announced a branding change from American Homes 4 Rent to AMH in a public news release and a notice to investors. [5] [6]
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The passage of the Rent Regulation Reform Act of 1997 restricted rent stabilization to apartments where the legal, or stabilized, rent was under $2,000 per month. The decontrol rent was set at $2,000. The decontrol income was $175,000. [13] In June 2011, the New York State Legislature enacted the Rent Act of 2011. [13] It did the following:
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