Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

And thank YOU for ignoring my post that costs for MRO materials, salaries, wages, benefits- have all gone up.

We spent 12% more last year just on product alone for maintenance. And that is not for capital improvements, or upgrades, or rehab work. Just the usual maintenance, repair, operations stuff needed to keep units running.

But we should jsut eat that right? Or operate in the red?

If you can't pay for it without passing 100% of the costs on to the tenants, that seems like a problem with your business.

Let's play this out on a macro level.

A property owner (whether they manage 5 units, or 50,000), has a double digit increase in the cost of the products they need to maintain the units. Their employee costs have gone up. Inflation and supply chain are hitting them all over.

So in your mind they just operate at a loss in perpetuity for... reasons?

Are you expecting double digit cost increases in perpetuity?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

And thank YOU for ignoring my post that costs for MRO materials, salaries, wages, benefits- have all gone up.

We spent 12% more last year just on product alone for maintenance. And that is not for capital improvements, or upgrades, or rehab work. Just the usual maintenance, repair, operations stuff needed to keep units running.

But we should jsut eat that right? Or operate in the red?

If you can't pay for it without passing 100% of the costs on to the tenants, that seems like a problem with your business.

Let's play this out on a macro level.

A property owner (whether they manage 5 units, or 50,000), has a double digit increase in the cost of the products they need to maintain the units. Their employee costs have gone up. Inflation and supply chain are hitting them all over.

So in your mind they just operate at a loss in perpetuity for... reasons?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

And thank YOU for ignoring my post that costs for MRO materials, salaries, wages, benefits- have all gone up.

We spent 12% more last year just on product alone for maintenance. And that is not for capital improvements, or upgrades, or rehab work. Just the usual maintenance, repair, operations stuff needed to keep units running.

But we should jsut eat that right? Or operate in the red?

If you can't pay for it without passing 100% of the costs on to the tenants, that seems like a problem with your business.

What?

What industry in the world just takes increased costs and doesnt pass it on to their customers/product? Thats just bad math.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

And thank YOU for ignoring my post that costs for MRO materials, salaries, wages, benefits- have all gone up.

We spent 12% more last year just on product alone for maintenance. And that is not for capital improvements, or upgrades, or rehab work. Just the usual maintenance, repair, operations stuff needed to keep units running.

But we should jsut eat that right? Or operate in the red?

If you can't pay for it without passing 100% of the costs on to the tenants, that seems like a problem with your business.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

And thank YOU for ignoring my post that costs for MRO materials, salaries, wages, benefits- have all gone up.

We spent 12% more last year just on product alone for maintenance. And that is not for capital improvements, or upgrades, or rehab work. Just the usual maintenance, repair, operations stuff needed to keep units running.

But we should jsut eat that right? Or operate in the red?

If you can't pay for it without passing 100% of the costs on to the tenants, that seems like a problem with your business.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

And thank YOU for ignoring my post that costs for MRO materials, salaries, wages, benefits- have all gone up.

We spent 12% more last year just on product alone for maintenance. And that is not for capital improvements, or upgrades, or rehab work. Just the usual maintenance, repair, operations stuff needed to keep units running.

But we should jsut eat that right? Or operate in the red?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

How nice for you.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

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.

Anonymous wrote:

Anonymous wrote: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.

People's salaries and benefits have gone up dramatically? Have yours?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

So will MoCo also agree not to have property tax bills capped at the same level of increase then?

Anonymous wrote: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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

8%?

“ According to Jawando and Mink’s legislation, rent increases would be capped at 3% or the region’s CPI—whichever is lower, with certain exemptions.”