7% isn’t that bad, unless we experience something like the 70s again. It just mean that I will no longer be doing long term lease and will be raising rent every year up to the maximum. Don’t want to get left behind. It just suck for good renters. One of my tenant have been getting the same rent for >7 years. It’s a few $hundred less than market. But they’re great tenants, so I kept their rent the same and signed a 4 year lease. Won’t do that again if CA pass rent control.
