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Concerning RentBerry, it's the first I've heard of it and I know nothing about California bylaws, but isn't it illegal to just put the price of rent up in an un
by radarsat1 10y ago
Concerning RentBerry, it's the first I've heard of it and I know nothing about California bylaws, but isn't it illegal to just put the price of rent up in an unrestricted auction?
- haltingthoughts 10y agoI sure hope not.
- radarsat1 10y agoWhy? It is in many places, it's very common which is why I asked. Leads to frustration for property owners sure, but it helps balance the market, gives some power to tenants, to enable a decent cost of living. Ok I looked it up for SF: https://www.sftu.org/rentcontrol/ https://www.sftu.org/rentcontrol/ Indeed, there is a control of only a few percent per year. So how is RentBerry legal? "If the owner re-rents before the 5-year period is up, the residential property must be offered at the same rent that the former tenant was paying (plus annual allowable increases.)" https://www.sftu.org/are-you-paying-too-much-rent/ https://www.sftu.org/are-you-paying-too-much-rent/