The Padernacht Podcast
In this episode of The Padernacht Podcast: Brick by Brick, Steven Padernacht sits down with Thomas — a Brooklyn landlord and engineer who has been fighting a squatter tenant in New York City housing court for nearly a decade, losing close to $300,000 in unpaid rent along the way. Disclaimer: This show is built for open conversation. The views expressed by our guests are their own and do not necessarily reflect the views of The Padernacht Podcast. Thomas shares exactly how the system works, why judges can't seem to make a ruling, how legal aid funded by taxpayer money is being used to stall the case, and what two simple reforms would end the majority of these housing battles overnight. A raw, honest conversation about what small landlords in New York City are actually dealing with. Topics covered: [0:08] The "8-Year Squatter" t-shirt — what it means [0:58] The tenant: no rent paid since 2019 [2:07] The math: nearly $300,000 in lost rent [2:40] How Tom is covering the bills — savings, 401k, his kids' jobs [3:08] The reality of expenses vs. profits for a small NYC landlord [4:31] Free market vs. rent-stabilized units explained [9:03] The 516-page legal document filed one week before court [13:00] Legal aid costs and who's actually paying for them [18:05] "Your tax dollars are paying to fight against you" [19:01] Five or six judges — and no ruling [24:28] How Tom bought the building in 1988 and gutted it from scratch [29:36] The political agenda behind NYC housing policy [30:36] Politicians who refused to help — and one who stepped up [34:21] How the case has affected his family, his kids' college funds, his retirement [37:44] Professional tenants — people who never intend to pay rent [44:03] Linda: the tenant Tom supported for years without charging rent [54:00] How Linda's death turned everything sideways [56:14] What Tom wants the public to understand [57:42] The two-year eviction process — how the courts stack against owners [1:00:41] Two reforms that would end 80% of housing cases Book a free real estate consultation with Steven [https://smprealty.com/calendar/] 📞 (607) 669-3361 [tel:(607)%20669-3361] 🌐 Visit Website [https://smprealty.com/] Support the show [https://www.buzzsprout.com/1824028/support]
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