What makes an apartment in Oakland, CA exempt from rent control?
I've heard different opinions on this. I’m guessing it has to do with what year the building was built? What year if so?
I ask because I’m looking to buy an apartment in Oakland, CA to live in at first, but I’d like to rent it out eventually and ideally not have it be subject to rent control. I figure I’ll be able to rent it out at market rate for the first year the tenant is there, but I’d like to be able to raise the rent price to whatever the market will bear each year if the tenant wants to stay longer than a year.