Has any investors in the DMV area successfully petitioned the city of Takoma Park for a fair market rent increase?
I know Montgomery County, MD and Takoma Park especially, is NOT landlord friendly. Curious if anyone has had success here?
There’s a small multi-family property I’m considering that is vacant and with some upgrades, could rent at considerable higher rates than it has previously.
People have been trying to get around Takoma Parks rent control since 1981. Countless lawsuits by countless landlords. Theyve all gone nowhere. Theres litigation going on right now by a landlord who tried to get around it by charging the tenants a rental commission fee (they are an agent) and thats shot down too.
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