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Brando Brando is offline
Burn the fire.
 
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Join Date: May 2003
Location: Orange County, CA
Posts: 6,333
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Someone needs to explain this to Irvine Company. F***ers jack rates annually to crazy amounts - have no care for their tenants being 'rent-poor'.

Quote:
Originally Posted by john70t View Post
The rent multiplier is 1% to 1.5% as I've been told.
(i.e. If the house is valued at $100,000, the rent should be $1,000/month.)

PROPERTY TAXES ARE THE #1 CONTROLLING FACTOR.

As a LL, I still have a problem with this.
Tenants without excess spending money cannot afford to enjoy themselves.
They don't spend money at bars, restaurants, theaters, art exhibits, or other local entertainment.
They aren't able to afford a decent lifestyle when all their income goes into rent.

The tenants suffer.
The whole city eventually suffers.
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Old 05-15-2015, 11:48 AM
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