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Updated about 3 years ago on . Most recent reply
What makes an apartment in Oakland, CA exempt from rent control?
I've heard different opinions on this. I’m guessing it has to do with what year the building was built? What year if so?
I ask because I’m looking to buy an apartment in Oakland, CA to live in at first, but I’d like to rent it out eventually and ideally not have it be subject to rent control. I figure I’ll be able to rent it out at market rate for the first year the tenant is there, but I’d like to be able to raise the rent price to whatever the market will bear each year if the tenant wants to stay longer than a year.
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- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
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Matt,
Rent the units out to tenants with a Section 8 Voucher. When a tenant in Oakland has their rent subsidized by the government then they are not subjest to rent control. My rentals in Oakland are all either Section8 or Abode services (similar to Section8 but better) and each year I have raised the rent by 5 % and even in the pandemic the housing authority raised the rents.