Yup. I'm not the type of landlord who always raises rent and when I do it's not by much. If I have a good tenant, long-term tenant, I raise the rent $50 every 2 years. Now? I can't wait for them to move so I can jack up the rent.rjg4235 wrote: ↑Jul 7th, 2017 12:22 pmThe really ironic thing is I have never increased rent on any of my tenants. They usually don't stay more than a couple years and I know I can get market rent later or increase it if they stay too long. Now with the limit in place I feel obligated to do it every year at the max incase they stay many years and it goes way below market value. For the first time ever I increased rates to current tenants and it's only because of rent control.
This is what happens when the government meddles and leans too far to one side.