Pros & Cons of House Hack Rent Control Property in Oakland, CA?

7 Replies

The concept of house hack make sense, however, what are the pros and cons of house hack a rent control property? Any Suggestions?

Rent control does not cover units three or fewer-unit buildings where the landlord resides in the building and has occupied one of the units as his/her principal residence for at least a year.  Vacant buildings are great though tend to come at a premium (though there are a few on the market right now that I really like).  Buildings with tenants paying below-market rents are often a bit more affordable.  Beyond whether the building has tenants, there are great tax benefits to buying a multi-family property.  Even if a property is cash-flow neutral, depreciation and interest should put some money in your pocket.

Talk to @Saj S. , he knows all the Oakland specific angles. 

@Hardeep Singh

I think the city has extended the owner occupancy period to two years for rental control exemption.

Okay . Thank you Tommy. Do you know which website you can get more information about landlording the rent control units in oakland?

@Tommy C.

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