I'm buying a duplex in South Los Angeles and I'll be living in one of the units. The tenant-occupied unit is paying 1050 for a 2 bedroom + 1 bath. I've been reading up on rent control and I see that according to new laws, I can only raise the rent up to 8% max to account for the 5% increase and inflation. Today, I just stumbled across an article that says I would be exempt from rent control since the duplex will be owner-occupied. Is anyone able to confirm this?
The tenants currently paying way below market rate but I want to figure out my best option between either raising the rent with the current tenants or going through the proper channels to remove them.
Rental Property Investor · Prairie Village, KS · Member since 2015 · 2k+ posts · 2k+ votes
6y
@Ebony Bryant
You are in the City of LA. Look up and understand the Rent stabilization ordinance (RSO) and what it applies to. That duplex likely falls under it. I don't think you want to deal with tenants rights on a duplex. I usually advise house hacking a SFH or only buying duplexes that are delivered vacant.