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Updated over 5 years ago on . Most recent reply

Rent Control - What Happens
Is anyone surprised?
Here’s the background: the state legislature passed AB 1482 to restrict rent increases to a maximum of 10-percent. The measure goes into effect January 1, 2020. While California renters probably breathed a sigh of relief, property owners, at least at Primrose, scrambled to raise their rents before the legislation becomes official law.
Tenants at the 26-unit Primrose, located north of the city limits on U.S. Hwy. 395, received notice their rent would nearly double in September; a month later, on October 15, they received eviction notices. Be out by December 14. Merry Christmas.
Here is the full article https://www.sierrawave.net/hou...
Most Popular Reply

A 10%/yr increase is pretty significant. Aside from turnover where a place is well below market value, how many people increase rent by more than 10%/yr?