4 ms·

I'm a landlord too and would love rent control in my area. No where else is a 8-10% increase year over year tolerable, but in rent controlled areas, it's the no

I'm a landlord too and would love rent control in my area. No where else is a 8-10% increase year over year tolerable, but in rent controlled areas, it's the norm.

CriticalCathed 7y ago
It really isn't. You pretend like rent control laws force everyone to raise rent every year double the rate of inflation. That isn't the case, and if they did they'd price themselves out of the market. Rents are competitive in Oregon, and I imagine they'll get even more competitive. The biggest hassle with rental property, as you are well aware I am sure, isn't the government -- it's shitty tenants.
- deelowe 7y ago
  The biggest hassle is maintenance and turnover. I've never had a shitty tenant in over 10 years of operation b/c I do a good job screening. It'd be much better if I could lock in a tenant and simply raise the rent each each, but where I live housing is plentiful and if I did that, they'd move.
  - imtringued 7y ago
    Are you implying that rent control will eliminate competing landlords and therefore increase the profit of your existing investments?
    - deelowe 7y ago
      No I'm implying that it allows landlords to collude on pricing without needing to actually meet and discuss it. I can't predict the future of the market so my safe bet is to raise rent each year, because in the event that I desperately need to at some point in the future, I won't be able to.
refurb 7y ago
Are you thinking rent control causes rents to go up? It’s usually the other way around.
- whenchamenia 7y ago
  Under rent control, it is in your best interest as a landlord to utilize the maximum rate increase every year 'just in case' your value goes up faster than your income. Its pretty obvious from the numbers what to do if profit is your goal.
asdff 7y ago
When the maximum rent controlled rate increase is set above the market rate increases, it's not going to affect prices.
- speedplane 7y ago
  > When the maximum rent controlled rate increase is set above the market rate increases, it's not going to affect prices. In theory, if real estate was a perfectly competitive market you'd be right. But by setting a standard well-known rent control rate, it sets a standard that landlords can follow. It allows landlords to act in concert and collude on rent increases without any direct communication between them.

I'm a landlord too and would love rent control in my area. No where else is a 8-10% increase year over year tolerable, but in rent controlled areas, it's the norm.

CriticalCathed 7y ago

It really isn't. You pretend like rent control laws force everyone to raise rent every year double the rate of inflation. That isn't the case, and if they did they'd price themselves out of the market. Rents are competitive in Oregon, and I imagine they'll get even more competitive. The biggest hassle with rental property, as you are well aware I am sure, isn't the government -- it's shitty tenants.

deelowe 7y ago
The biggest hassle is maintenance and turnover. I've never had a shitty tenant in over 10 years of operation b/c I do a good job screening. It'd be much better if I could lock in a tenant and simply raise the rent each each, but where I live housing is plentiful and if I did that, they'd move.
- imtringued 7y ago
  Are you implying that rent control will eliminate competing landlords and therefore increase the profit of your existing investments?
  - deelowe 7y ago
    No I'm implying that it allows landlords to collude on pricing without needing to actually meet and discuss it. I can't predict the future of the market so my safe bet is to raise rent each year, because in the event that I desperately need to at some point in the future, I won't be able to.

refurb 7y ago

Are you thinking rent control causes rents to go up? It’s usually the other way around.

whenchamenia 7y ago
Under rent control, it is in your best interest as a landlord to utilize the maximum rate increase every year 'just in case' your value goes up faster than your income. Its pretty obvious from the numbers what to do if profit is your goal.

asdff 7y ago

When the maximum rent controlled rate increase is set above the market rate increases, it's not going to affect prices.

speedplane 7y ago
> When the maximum rent controlled rate increase is set above the market rate increases, it's not going to affect prices. In theory, if real estate was a perfectly competitive market you'd be right. But by setting a standard well-known rent control rate, it sets a standard that landlords can follow. It allows landlords to act in concert and collude on rent increases without any direct communication between them.