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All Forum Posts by: Amos M.

Amos M. has started 4 posts and replied 18 times.

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

@Steve B.

Thanks for sharing.  I just found out duplexes will be included in the discussion tonight to be under rent control.  This was a late add on with no transparency or warning.  The official meeting will start at San Jose City Hall today at 1PM.  Everyone should make an effort to show up to represent the landlords.  This is extremely unfair without hearing both sides and only favoring the tenants.  Here's the Agenda:

http://legistar.granicus.com/sanjose/meetings/2017...

Post: San Jose Business Tax for Landlords - Measure G Rates

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

All wanted share with you new Business Tax Rates put in place by Measure G.  For those new to being a landlord in San Jose this is a requirement to obtain a Business Tax Number.  Had a nice talk with Dean about Measure G.  Notice the breakdown in cost per unit.  There's also an additional $1 charge that's not noted on here.  I forgot what Dean stated it was for, but something about an ADA fee.   

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

Wanted to share with everyone the latest on San Jose Rent control.

http://www.mercurynews.com/2017/01/31/san-jose-cit...

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

@David Putnam

on what type of units are affected for rent control.  See my above link:  Also below taken from the San Jose Housing Website:

Apartment Rent Ordinance Coverage
Properties that are covered by the City's Apartment Rent Ordinance were built and occupied prior to September 7, 1979. A list of properties that were built prior to this date can be found . If an apartment covered by this Ordinance is rented with a government-funded rent subsidy, the apartment is exempt from the Ordinance. The multiple housing roster linked above is a previously compiled reference listing of buildings subject to the Ordinance. It may not include every address in a building or buildings that were exempt at the date of compilation...


Rental housing developments exempted from the ordinance include single-family dwellings, duplexes, condominiums, hotels, boarding houses, which are rented to transient guests for periods of less than 30 days, nonprofit homes for the aged, school dormitories, rental units owned and operated by any government agency, and any new rental units first rented after September 7, 1979.

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

Here's the latest on San Jose Rent control: 

https://www.sanjoseca.gov/index.aspx?NID=1355

Set for January 2017

@Account Closed thanks for including me.  Chatted with Jay a few weeks ago about the event.  Going to try to attend.

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

Wanted to share with you all on some updates below:

Today, a new organization to promote the rights of San Jose rental owners was launched….San Jose Residents for Real Housing Solutions. This is a grassroots organization of local rental owners who have invested their savings, their retirement, and their kids’ college funds into the community to provide quality rental housing for San Jose residents.

The proposed expansion of rent control in San Jose will have a negative impact on these individuals and SJRRHS is standing to unify these owners to oppose the expansion of rent control, educate the community about the effects of rent control, and promote real solutions that will help make housing more affordable.

The organization’s website is http://www.sanjosehousingsolutions.org/

The website is currently being refined and more information is in the process of being added. The launch will be publicized over the coming days.

It would be appreciated if you would please direct your clients, colleagues, owners to go to this website and sign up with San Jose Residents for Real Housing Solutions.

SJRRHS is raising money to fight rent control and further educate the public, the city, and the city council on the dangers of rent control, promote true housing solutions, and be prepared to take legal or political action should the city council adopt a new rent control policy that is overly harmful to rental owners and investors. A contribution form for SJRRHS is attached to this email.

Thank you for your continued support of the efforts of the CAA, Tri County, and our new grassroots organization San Jose Residents for Real Housing Solutions.

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

Here's a recent meeting in San Jose on Rent Control:

http://www.bizjournals.com/sanjose/news/2016/03/08...

Amos

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

@Gene Mattos I believe you're correct the last time I checked.  I don't believe that has changed and it's not mentioned in the document.

@Janice Viescas Though not really called out the expectation is all of San Jose not just specific districts.

There was also a proposal to have ARO (Apartment Rent Ordinance) apply for Duplex and possible SFR. This document doesn't call out for a modification to include these rentals.

Post: San Jose Rent Control

Amos M.Posted
  • Investor
  • Bay Area, CA
  • Posts 19
  • Votes 14

All wanted to share with you an ongoing heated dsicussions between City of San Jose, Landlords and tenants about rent control.  Share your thoughts here and with the city... 

Summary of proposal: http://www2.caanet.org/webmail/77272/98976067/206f...

Draft proposal: http://www.sanjoseca.gov/DocumentCenter/View/54657

Amos