I’ve had a long term rental family with which I’ve had a great relationship. As a consequence I haven’t increased the rent in over 7 years. I’m now retired and I’m counting on this income and the flexibility of moving back into my house if needed. The proposed legislation limiting rental increases is compelling me to now increase the rent to the maximum and consider whether I should just move back into the home to avoid government control. Please leave us little guys alone.
I own 2 rentals in which I rent for less than the going rate because one renter is a veteran and cannot find work. The other has 4 boys to raise and it is all he can afford as now. These rents give me the added income to support my daughter who recently had a stroke plus my husband and myself. I have to raise the rents to cover the new insurance rates and property taxes. You cannot decide for me how much my property is worth.
My husband made the choice for retirement income because it was not offered in his job. We purchased homes as we could and did without a lot of things for this . Why should we be punished for this, buy not being able to cover our investment.