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Every month, Langsam Property Services collects dozens of rent checks from two buildings it manages in The Bronx. But that’s not enough to cover the mortgage and operating expenses. So every month, the buildings’ owner sends another check — for at least $30,000, just to meet the mortgage.

“And this has been going on for two years,” says Matthew Engel, president of the company which manages 10,000 apartments, most of which are rent regulated and 85

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