Reply to MoCo Rent Control Bills

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]From the "evil landlord" side...

I work in property management.

For the better part of two years there has been an eviction moratorium due to covid.   That means even if a tenant (some of whom never lost employment) paid 0.00 dollars in rent, you could not evict them and replace them with a paying tenant.

At the same time, all maintenance on that unit and others still has to be done, with very diminished revenue coming in.

Now that the moratorium is over (and even now it is not in a landlord's best interest to evict people unless someone is truly not willing to work with them), you are seeing rent increases to make up for the 2+ years of getting 60-80 cents on the dollar of expected rent.

Putting in a 3% cap, will just make maintenance all the harder to keep up with.   As the cost of goods has gone up dramatically, people's salary and benefits have gone up dramatically, etc.

Not saying some people have not put in some unreasonable increases as well- but it will be impossible to perform good maintenance with these hard caps- compared to the cost increases we have occurred on many fronts. [/quote]

People's salaries and benefits have gone up dramatically? Have yours?[/quote]

I think my annual raises have been 5 and 6 percent the last two years, as is most of our staff.

Not sure if thats dramiatically- but yes- wage growth in the entire country has been high the two years.  Thanks.[/quote]

How nice for you.[/quote]

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