Rent Controlled 4 Plex

[Tim Alvarez]

I recently was informed that my friend's dad may be interested in selling his 4 plex. All the units are currently occupied and have been for a while. The problem I see is that it's under rent control and the current monthly payments from the tenants are as much as $200 under comparable units.

I'm not too educated on rent control, but I've always heard it's something I should try to stay away from. Is this true? Does anybody have any advice I could work from?

[Brian Garlington]

@Tim Alvarez

I own a muntifamily in Oakland, Ca and this city has rent control so this may apply to you in Corona

Consult an attorney to verify, but this is whai I found after a few hours research...... the "solution" is simple IF you are willing to do the following

Owner Occupy a FOURPLEX.....in Oakland that you buy..... .not a duplex or triplex.............AND

Rent to Section 8 Tenants........

Helpful Links................In the first line it says Section 8 Tenants are NOT COVERED by the Oakland Rent Control Ordinance

https://www.tobenerlaw.com/oakland-rent-control/

http://www.tenantsunion.org/en/rights/section/subsidized-housing-section-8

In the above it states thatHUD Housing and Section 8 Housing is considered Government Subsidized Housing and is therefore considered EXEMPT from Oakland Rent Adjustment Program!!!!!

Therefore you can can raise rent by up to 10% a year!!!!!!!!!

Now let's say you buy a FOURPLEX......again....not a duplex or triplex, but a Fourplex and you OWNER Occupy it.....it appears you can evict the tenants (and put your own tenants in) if they (have been living there less than 5 years, are not over 60, are not disabled, and are not catastrophically sick.

In section F on page 3 of the following link it states that Just Cause Protection Applies to the following..........

file:///C:/Users/bgarlington/Downloads/OAK036393%20(2).pdf

A rental unit in a residential property that is divided into a maximum of three units, one of which is occupied by the owner of record as his or her principal residence.

Again.....check with your attorney,...but THIS Sounds like Owner Occupying a Fourplex in Oakland AND renting to section 8 tenants is a legal way to raise rents by up to 10% in Oakland AND if you want to NOT deal with inheriting tenants and you want to put your own tenants in your FOURPLEX you can do so.