The rent control law really isn’t a rent control law. It basically says you can’t jack up rent more than 10% per year, which most people haven’t been doing anyway.There’s other things that they cover like what you can and cant evict for. I’d get familar with these laws. If you need advice, I got a good property manager that can help you. PM me.
That said, if you’re property is not exempt from the rent control law (IE attached rental) and you are one of the people that’s never raised rent on a tenant, I would advise you to start raising rents every year or two, even if it is small, just to keep your rent prices current with inflation… and blame it on this rent control law why you are doing it… because that’s what most other landlords are doing.
My tenants started their leases in 2020, and will be doing this in 2022 in the properties that are not exempt.
The reason is if you don’t do this, you will fall behind in your rent, and then if you wait long enough 5-6-7 years from now, you very well maybe be significantly below 10% below market..But at that point you will be only limited to a 10% increase. So it’s best to do small step increases to keep right below the prevailing market price so you don’t get screwed by inflation. Also, i forget what the law says about once an existing tenant leaves, whether you can at that point bring your rent price to market level if you’ve fallen significantly behind. I think you can in that scenario, but again if you raise rents every 1-2 years to keep up with market rates, you never need to worry about if you can and can’t bring your rent to market rates when the tenant leaves. Also, in most hot markets like San Diego, it’s a landlords market just like it’s a sellers market right now. So now’s a good time to raise rates. Also, if they want to claim economic hardship due to covid. That’s fine. I think there’s a process for that. Economic hardship does not imply forgiveness. They still owe you the money. Also, I believe there is rental/landlord assistent provided they pay at least 20-25% of the rent. If they are claiming financial hardship, that’s probably another reason to get a professional property manager that is use to handling situations like this so that they can sort out who’s faking and who’s legit… Again, if you need one, I got an excellent one. He saved me from a tenant that almost tried to play this card on me… Didn’t work.. Got my full rent all this time..Fckers. And they decided to move out after the lease.. and I have nice new tenants that are paying market price $1000/month more. My property manager deals with this bullshit all the time. He was telling me stories about how there was this tenant who stopped refusing to pay rent the last 2 months of a lease claiming economic hardship…And he was like “wait, you’re saying you can’t afford to pay the rent, but the reason why you are moving out in two months is because you are buying a $1million house”???? That didn’t go very far….Fvckers…Hope their new house burns down for intentionally trying to be a shithead.
And just about every landlord is doing planning to do this this so you wont be alone… There is no specific rent control law related to covid unless it’s a local/regional thing. If you’re wondering about San Diego, I don’t think most of san diego is subject to rent control.
And yes, if you really want to kick out the tenant and either occupy the place and/or sell the place to capture that awesome appreciation, then yes you can give them 2 months notice and rental moratoriums don’t apply to them.
For now, we are slighly lucky we are in San Diego the rental rules are still as red as they are going to be at least for now, unlike L.A. which is very blue….My relatives have been raising rents in their attached rentals in L.A. for the first time in 20 years, and doing it every year to catch up with market price… Sucks for loyal renters, but it is what it is.
My property manager is awesome. The two of us got kicked out of an HOA board meeting that we showed up to contest an HOA violation notice by some stupid ass Karen that peeked into my tenants kitchen to complain about a box in the middle of the kitchen being unsightly.
We went apeshit in that meeting, to the point that the bitch ass old hag Karen HOA Board Lady decided to go Cavewoman Trump on me and asked me why he was there and why I couldn’t speak for myself, with “Do you speak english?”… BITCH……
Him and I had a nice exchange with the HOA management company and a few rounds of threats of lawsuits, and they were really nice to me for the next few years….
