Fixing the steam heating valves will decrease their energy costs as tenants reduce the heat they demand, since they all seemed to be overheated. I wonder why they don't do it.
Because the tenant pays the bill, not the landlord so the landlord has no incentive to fix.
With a proper working housing market the landlord might have an incentive to fix (because people just won't rent from your wrecked place if they can get a better place for the same money) - but given the housing shortage in cities like NYC, even a run down shack is better than sleeping in the park.
With a proper working housing market the landlord might have an incentive to fix (because people just won't rent from your wrecked place if they can get a better place for the same money) - but given the housing shortage in cities like NYC, even a run down shack is better than sleeping in the park.