All Forum Posts by: Richard Raghoo

http://realestatetaxtips.ca/war-small-business-owners-landlords/?inf_contact_key=ae6d70129a0c07cec709b369a17916f2c9b63b7d8709fcb6c0f932c72337f00f

Please see this article from Cherry Chan. It summarizes it very well and gives you the next step so we can fight this nonsense together.

@Richard Raghoo rent control has its downside, but it does have its upside.  Its hard to see the silver lining, but there is one.  I invest in the San Francisco Bay Area, more specifically Mountain View and Oakland.  There is a very strong push in the area for RC.  What people do not understand is that it artificially shields existing tenants at the expense of future tenants.  Basically tenants become less fluid, therefore rental supply goes down and when units open up market rents are way higher.

You need to understand the RC ordinances in your city: do you have the ability to pass improvement cost to your tenants, what is the rental increase cap per year, what are the "just cause" rules, etc.  There are ways to increase cash flow, you just have to follow the defined rules.

In the end it is sad because the personal relationships landlords use to have with tenants is now dictated by rules.  Basically RC creates an atmosphere where landlords can no longer give any leeway to tenants.  You have to follow the rules extremely closely for everything and document everything. The landlords that don't increase yearly will find themselves in a bind years from now when they try to sell or refinance.