Quote:
Originally Posted by fintstone
While I imagine all the above is true, as a businessman faced with potential squatters/inability to evict tenants, I would have to keep rents high enough to cover the potential loss of at least 5 or 6 months of rent every couple of years vice the typical one month every couple of years I do for my properties.
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Oh yeah, there's rent control and retroactive rent. That means even if the old renter moves out, you are not to charge market rate but must charge the old existing rate with maybe a 3 or 4 % increase. I am not sure what the percentage is anymore. The laws have been changing on the increase.