Good to have a relationship with renters....I leased a house I had rented out with the option to buy .let the renters apply rent accrued to the downpayment..they preferred it over throwing rent away.
I just heard on the news last night that landlords can increase the rent by the cost of living increase plus 7% every year. Pretty steep.
You know, I found this to be too true. I can only conclude, too many ladies really do have an unhealthy hate for bikers.
Rent control? Why is it needed? Ha! You have a City in a self imposed Urban growth boundary, that by it's very nature and purpose causes high housing cost and shortages. Now to make up for this predictable affect on rental prices, we get another government program to artificially constrain rent. While at the same time this same government welcomes all immigrants to this area of housing shortages. Why do you guys put up with this level of ineptitude managed by gross ignorance? Is there no one that see how stupid this circle jerk is?
Ever pay rent in San Diego recently or San Francisco? That's what happens when they move up here and buy property at 2 or 3 times the local value...I've been offered an insane amount for my small piece of Oregon...won't sell..I'm all for making a profit but it's gotten to where too many young folks are priced out of the market
I don't doubt it. I checked out Santa Barbara last spring, one of my favorite places. There is no where to live available there, and certainly not at a price workers could afford to pay. I ask a couple people eating at the same table while I was having a sandwich. Where do the people that work in this town live? Oxnard was the likely the source of most of the labor force. Well, now, Oxnard was something else too. Schools overflowing, no way to build anything due to protecting the farm land, while the population of the City has increase by an estimated 55 to 65 thousand immigrants since 2010. It is appalling! I am waiting to see how Oregon follows this pace set by California.
Not sure if it is relevant to your situation, but surely some buyers buy with the intention to use as rental property, and having a tenant already is probably not a negative in that case? barfo
At least in California, if you are getting out of the rental business you can kick them out. https://en.wikipedia.org/wiki/Ellis_Act
It is the Oregon way. Renters hate landlords. Make it more difficult to be one. Like magic, there will be less rentals. All will come with a higher price.
Really? I had not heard of stupid laws being passed somewhere else lately. I admit, I have little experience with being a renter. The first house I rented though, I was very happy the landlord rented it to me. It made it possible for me to stay there and finish school.
...yeah seems like there is a lot of sift thru here and some clauses that only pertain to those with 4 or more rental properties etc etc will figure it out in 2022 when we plan to list our home for sale in Albany
