Showing posts with label 2714 4th St N. Show all posts
Showing posts with label 2714 4th St N. Show all posts

Sunday, April 6, 2014

Notorious Slumlords Khan and Meldahl Lose Rental Licenses, Leading to More Slummy Real Estate Activities

3111 Upton Ave N, where Meldahl lost a license
2714 4th St N, Khan's former rental

In my research for the equity blog post, I came across interesting information, and the Johnny Northside blog beat me to the punch by publishing news of Stephen Meldahl's rental license revocation before I could.  What he missed, however, was a loss of a license by one of the few slumlords worse than Meldahl, Mahmood Khan.

The good--nay, great--news is that with the revocation of one license, a second revocation could lead to the loss of all of Khan's or Meldahl's licenses for up to five years.  The Johnny Northside blog calls this "teeter[ing] on the verge of collapse."  While I certainly hope that's the case, I believe that's grossly exaggerating the anticipated demise of these rental slumpires.  There are several reasons why...