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Updated almost 5 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Oakland, CA
  • Member since Aug 27, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Oakland, CA
  • Member since Aug 27, 2017
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Account Closed
  • Oakland, CA
1
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6
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Oakland Real Estate Forum

fair return for rent increase in rent controlled Oakland CA

Account Closed
  • Oakland, CA
Posted

I bought a fourplex last year in Oakland that I owner-occupy. One tenant I inherited is paying about 30% market rate. I am operating at a loss because of it. Given Oakland's strict rent control laws, how would I go about calculating fair return to petition the RAP board for a rental increase for that unit? 

Oakland, California
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Calvin Kwan's profile image
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Calvin Kwan
  • from Oakland, California
  • Member since Oct 3, 2015
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Calvin Kwan's profile image
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Calvin Kwan
  • from Oakland, California
  • Member since Oct 3, 2015
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Calvin Kwan
  • Oakland, CA
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Calvin Kwan
  • Oakland, CA
Replied

Has rent been increased in the last several years?  Your'e entitled to bank past rent if there has been no increase.  Otherwise,  not sure the RAP board is going to sympathize with you.  Oakland is extremely tenant-friendly.

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