All Forum Posts by: Susan O.

 They could repeal AB1506

You should be able to raise to some where around market rent. Really do a thorough CMA of the rents in area first. Make sure that in the area they're not going to expand rent control Look up AB1506 in California a lot of tenant and tenants union groups are trying to expand rent control to single family houses, condos and post 1990s built properties

https://www.economist.com/blogs/economist-explains...

Expansion ab 1506 

https://sf.curbed.com/2018/1/9/16871314/rent-contr...

http://www.tenantstogether.org

this is a group that is heavily funded by political movements trying to expand housing authorities that will lock rents in different areas.  they're first going to big cities like LA, SF, San Diego, then trickling into Long Beach, Pasadena,  it's not soon that they'll expand to inland areas like Murrieta it's been mentioned by city council before but pushed back because too many home owners.

You could try Rome, but I'd definitely contact some local landlords and see what they have to say about it.  

https://www.economist.com/blogs/economist-explains/2015/08/economist-explains-19

Update  

https://spoa.com

This is a fantastic small property owners group.  Non profit but fighting for the rights of individual investor rights!  And advocacy for investors

Here you will find interesting and useful articles on topics of most concern to small landlords (and even large ones). By joining SPOA, however, you receive a 10-issue subscription to our monthly newsletter (except July and August), which will give you access to many more articles of a similar nature. SPOA annual dues: $75. A sample of newsletter articles not on this website: “First EPA. Now OSHA. Work rules get tougher yet,” “Some anti-discrimination laws are Catch-22 for landlords,” “Tenant hoarding: Legal dilemma for landlords,” “Outrageous enforcement of RRP and OSHA violations,” “Owning rental business as a sole proprietor,” “Springfield owner gets $83,575 file for RRP violations,” “Greater Boston Legal Services has $14 million annual budget.”

Known as SPOA (pronounced SPOH-uh), we are the groupthat spearheaded the 1994 referendum ending rent control in Massachusetts. We continue to influence state and local lawmakers to reject anti-landlord proposals and to pass new laws to protect us, like a rent escrow law to stop the “free rent trick.” We are the largest rental property owner association in the state and the only one that speaks for the interests of small property owners, those “mom and pop” landlords who do their own management rather than hiring it out. We own 75% of all rental housing in the state.

The group that fights to protect small landlords & their rights in Massachusetts

• PROBLEMS WITH RENT CONTROL
• It discourages investment in rental properties. When your rent is limited you are certainly going to invest a LOT less in new construction or the renovation of rental units.
• Lower rents mean lower investment property values and, combined with fewer rental units, means lower property tax revenue for the city of Chicago. Of course, Chicago doesn't really need more tax revenue, right?
• Landlords will be caught in a double bind between restricted rents and rising property taxes. That will further depress prices.

Share this with your government officials. Same thing is happening in Los Angeles, San Francisco, Sacramento, Houston, Seattle, Portland, Boston, New York City etc

irony least affordable cities

standford study

Bombing and rent control

Good politics bad economics

NYTimes

standford study

Bombing and rent control

Good politics bad economics

NYTimes

https://chicagotonight.wttw.com/2018/01/18/rent-control-chicago-cases-and-against-it

Do they not know what inflation is?  It's absurd.  Contractors and vendors and prop taxes all going up and they're complaining that you are increasing rents?

This is what a lot of people want: rent control

Vote and go to local landlord groups and fight rent control

standford study

Bombing and rent control

Good politics bad economics

NYTimes

Remember Biggerpockets people to get out and vote there are some local elections in Los Angeles orange county in Long Beach and then more coming up soon protect your rights and economy that supports your financial freedom and your communities! remember Biggerpockets people to get out and vote there some local elections in Los Angeles orange county Long Beach and then more coming up soon protect your rights economy that supports your financial freedom and your communities 

 California and some of the East and West Coast states have become to anti-investor which will result in declines we want to start pushing for more investor friendly and landlord friendly politics 

It starts on a local level