Reply to MoCo Rent Control Bills

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a nice idea, but it’s going to affect many people negatively. Especially the mom and Pop landlords who will end up having to sell their properties if they can’t increase the rent more than what their mortgage or increases are on them
Do you have to apply to be able to increase over the 3% but it still needs to be approved and I’m guessing many will be denied as well. An appeal does it mean approval. When these mom-and-pop landlords have to sell their properties, the tenants will be without a home anyway. [/quote]

I'm a mom and pop landlord. If you can't meet your expenses as a landlord without increasing the rent every year by 8% PLUS inflation, you probably should sell your property.

Also, the vast majority of rental units in Montgomery County are not owned by mom and pop landlords.[/quote]

So will MoCo also agree not to have property tax bills capped at the same level of increase then?[/quote]
+1 great point[/quote]

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