General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 7 months ago,
Has anyone sat in on committee talks about Prince George's County MD rental laws
I sense a perfect storm coming for mom and pop landlords in the area. I'm not really surprised that there is political movement around affordable housing in this area. It has been tough for lots of people in this area for some time.
Last year there was a "temporary" cap set on rent increases. Some of us apparent should have been raising rents a lot more, a lot more OFTEN, because the cap is almost insulting - limited to 3 percent per year.
I just read that the legislature in the County expects to make the cap permanent, I believe still at the 3 percent level.
All I can imagine is a lot of blight hitting many rental units when the costs to maintain rise beyond the capacity to finance that maintenance.
Just wondering if anyone has talked with some of the County Council staff or if agents in the area are considering it (it's already hard to find a PM company in this area).
Last year there was a "temporary" cap set on rent increases. Some of us apparent should have been raising rents a lot more, a lot more OFTEN, because the cap is almost insulting - limited to 3 percent per year.
I just read that the legislature in the County expects to make the cap permanent, I believe still at the 3 percent level.
All I can imagine is a lot of blight hitting many rental units when the costs to maintain rise beyond the capacity to finance that maintenance.
Just wondering if anyone has talked with some of the County Council staff or if agents in the area are considering it (it's already hard to find a PM company in this area).