New law in Portland could make it tough for small investors...

[John Ringgold]

In Portland Oregon, there’s a new law forcing landlords to pay relocation fees to their tenants if they can’t pay a rent increase. Yeah, that’s a tough pill to swallow if you haven’t received any rent over the past several months on top of it all. 

https://thenationalrealestatep... (skip to about 0:45 to bypass the ad)

What is happening in Portland to make the powers that be need to enact a law like this?

Do you this could flow to other States?

[Brad Hammond]

As a Portland investor, I just keep rolling with the punches and adapt.  I was outraged by this when I first heard about it but since then I've had a chance to think about it.  I haven't raised my rents since April and don't plan to until the middle of next year.  That is what a lot of local investors I know are doing.  Also, it is up to the tenant to provide a written statement stating that they can not afford a rent increase.