Los Angeles Fourplex Rent Way Below Market
I found this beautiful fourplex in L.A., and I'm in process of getting it.
3 units are rented and 1 unit is vacant. (But I will live in the vacant one)
Two out of 3 units are rented at a reasonable price but 1 is being rented way below the market.
I mean his rent is around $800 even though this person has the 2nd biggest unit in the whole place.
Is there a way to kick him out? (My soon to be property is in rent controlled area).
Let me know!
Most Popular Reply
@Jay Chong going to be hard with the rent control laws. I would look to raise rents 10% each time you can as the max limit is 5% + CPI up to a total of 10%.