As reported in today’s Baltimore Sun, Jack W. Stollof, one of three men accused of bid-rigging by Federal prosecutors, plead guilty to rigging auction bids.  Stollof, who is known for suing homeowners for overdue grount rent payments, faces up to 10 years in prison and a $1 million fine.

“Throughout my life of almost 75 years,” he said, “I have always accepted both the responsibility for and the consequences of my actions.”

Hopefully Mr. Stollof will also be as willing to take responsibility for all of the children who suffered lead paint poisoning while living in his substandard housing.

Harvey Nusbaum, Stollof’s business partner, is scheduled to go to trial in March.

4 thoughts to “Slumlord Stollof Pleads Guilty to Bid Rigging

  • ryan

    Stolloff, Berman, Arron, these men have made a killing keeping baltimore’s poor even poorer

    • slumlordwatch

      You are absolutely right — which is why we’ve written about them, and we’re thrilled the feds went after them!

  • Joe

    Many of these comments are unfair and wrong. I have personally seen a vast majority of the apartment units owned by Jack Stollof and have first hand knowledge of the types of real estate he owns and leases. I lived in one of the units of one of his partners. His apartments were generally rehabilited to the standards required by the applicable local jurisdiction. Those properties serve a real need to the low to moderate income tenant.

    The fact is that many tenant’s of affordable housing do not always maintain their apartments with respect. Although rents are lower, the maintenance, repairs and capital items are higher than apartments commanding higher rents. As a result, owners and managers must spend a greater percentage of top line rental income on repairs and maintenance. I noted one tenant complaining that she could not hang curtains as the walls were poorly constructed. She was attempting to nail curtains to the drywall with landscaping spikes. That was not the exception.

    It’s easy to paint all low to moderate landlords with the same broad brush. Investing in these apartments is not free from risk, and the uncertainties are greater than other, safer real estate investments. I am certain there are examples of oversight and errors. You can always draw a trend line through one data point. That is both unfair and misleading.

    Perhaps the tenants might want to get involved, have some pride in where they live and understand that this is the the landlord’s business and investment. Perhaps reasonable voices that are part of the solution are easier heard. If less money was spent on unnecessary maintenance, repairs, replacements, etc. there would be monies leftover to make the apartment community more desirable and just that – a community.

    • slumlordwatch

      First of all, I have a hard time taking someone seriously when they enter their email address as “[email protected]”. If you’re truly interested in having a discussion, you make it easy for people to correspond with you.

      Secondly, nobody said anything about “low to moderate landlords” — this post specifically deals with Jack Stollof, a man who is due to be sentenced in Federal court on bid-rigging charges. A man who also has been sued multiple times for lead paint violations that resulted in harm to children. We’re not talking about someone who refused to hang curtains for one of his tenants.

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