Los Angeles RSO to raise 12 mont rent increases to 4%

[Eric Carr]

Los Angeles RSO rent increases follow the Consumer Price Index.  Almost every years since 1993, the allowable increase has been 3% (4% for anyone paying utilities). Starting in July, LA RSO is expected to approve a 4% increase to all tenants. 

If you own rent controlled buildings, keep them in shape, raise rents every 12 months. There are other ways to collect on costs of improvements, RSO fees, seismic improvements. But the 4% will be a relief to many property owners.

[KJ L.]

4% is a big hot pile of poo compared to the increase in costs (renovations/maintenance) in Los Angeles.