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Updated over 7 years ago on . Most recent reply

Josh Wallace's profile image
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Josh Wallace
  • from REDONDO BEACH, CA
  • Member since Apr 5, 2016
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Josh Wallace's profile image
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Josh Wallace
  • from REDONDO BEACH, CA
  • Member since Apr 5, 2016
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Josh Wallace
  • REDONDO BEACH, CA
8
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37
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General Landlording & Rental Properties

Owning a Rent Controlled or RSO Property in Los Angeles

Josh Wallace
  • REDONDO BEACH, CA
Posted

I am looking at purchasing a property in the Los Angeles area that happens to be rent controlled. The property will be purchased vacant where I would live in one unit and do some value add updates and have my choice of tenant for the other unit where I can charge market rent from the beginning.

Does anyone have advice or pointers from owning a rent controlled property? 

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Lee Ripma's profile image
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Lee Ripma
  • Rental Property Investor
  • from Prairie Village, KS
  • Member since Jul 6, 2015
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Lee Ripma
  • Rental Property Investor
  • from Prairie Village, KS
  • Member since Jul 6, 2015
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
Replied

6k would be a bargin! My landlord in LA has a tenant he has offered 75k to leave, guy won't do it! 

I rent in LA and invest out of state. I would never be a landlord here! 

  • Lee Ripma
  • Podcast Guest on Show #373
    • 1 Vote
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