3 ms·
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
by 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 agoThe 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 agoAre you implying that rent control will eliminate competing landlords and therefore increase the profit of your existing investments?
- deelowe 7y agoNo 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.