It’s Not Just Rent Control – They Add Costs Onto Owning a Rental
I have an article here that I recently received from the RHA (Regional Housing Association of Sacramento Valley) with a list of ballot measures in several San Francisco Bay Area cities regarding “rent control”.
It’s not just that they want to limit the amount of rent you can charge, they also want to make it more difficult to get rid of bad tenants by instituting “just cause eviction” laws as well.
Just Cause eviction rules eliminates the “termination of tenancy” that we can currently give a Tenant in our area without stating a reason. Just Cause rules would require a hearing at another government run board or authority that would hear your case and probably take the side of the Tenant unless you had massive amount of documentation to support your position.
Some of these measures would limit causes of action to evict a tenant to 8 or 9 specific reasons.
For many investors, this is why they hire a professional property management to make sure they are “in compliance” because of all the rules changes and regulations that vary from locality to locality.
Take a look at this article from RHA and think it over. Land use decisions do involve you and when you can’t build housing because of all the NIMBY’ism, this can be the result.
I think you’ll be appalled at what they are proposing. It is scary in my opinion.
RENT CONTOL ON THE BALLOT IN FIVE BAY AREA CITIES
Let me know what you think.
In the mean time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR, CDPE favinger@rwnetwork.com 916-203-1260
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- Richmond Mayor & two council members block emergency eviction and rent increase moratorium (indybay.org)
- ‘Full House’ home is up for rent – find out how much it will set you back (foxnews.com)
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