4 ms·
It depends on the market. Rent control in LA is 4% a year allowable increase. Rents supposedly went down over the last year or two so rent control worked in the
by kjkjadksj 2y ago
It depends on the market. Rent control in LA is 4% a year allowable increase. Rents supposedly went down over the last year or two so rent control worked in the favor of landlords that year who raise it 4% no matter what happens. And once you have priced out your tenant with the constant march of yearly 4% increases you can set rent at market rate or even higher if you’d like after they move out.
In other words the $600 rent controlled apartment is a myth.