Quote:
Originally Posted by fintstone
When I have allowed any long term failure to pay rent, I have never really been happy with the result. Once they can pay, few will come up with thousands or tens of thousands when then can just move out.
On a positive note, this is probably my best year for rentals ever. I raised rents just before COVID and everyone is actually paying early as rents and home prices are going up in all my markets...and folks are afraid their leases will not be renewed or that the rents will go way up when they do. While the rents and values of my suburban, single family home rentals have never kept up with some urban locations in the past, they are doing well now.
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No rent control out your way. We voted against it, 2 months later our Gov Newsome, the azzhold, wrote that into law. Now the entire state is under rent control. As soon as the Prop. did not passed, city of LA and a bunch of others decided to have rent freeze within their cities. Can't raise rent period. It lifts as soon as rent control is signed into law. the smart owners raised rent as soon as they heard about the Prop. and jacked up rent to market rate. Some of these pro tenant groups lead many of the tenants to stop payment and protested at the owner's house. Its the law, what's not to understand?