Could Rent Control be BAD for Landlords & Tenants?

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@tylerkannas3714 5 ай бұрын

You don't think a real estate broker citing a study by an investment firm is a wee bit of a conflict of interest when it comes to this sort of policy?

@realjobin 5 ай бұрын

Hi Tyler, thank you for your feedback. However, no sort of conflict of interest here. Much of the stats and information is not from an investment firm but from the (NAA) which is the National Apartment Association. Let me know if you have any questions- thanks!

@scottlemiere2024 5 ай бұрын

@@realjobin the NAA is a property manager/landlord trade group: there's more conflict of interest in that than in the parts you got from the investment firm. One of the other articles on their web site is about how massive corporate landlords owning all the apartments is a good thing for tenants.

@realjobin 5 ай бұрын

Hi Scott, it does depend on what side you’re looking at it from - do you think rent control and regulations would help our rental housing market?

@381delirius 5 ай бұрын

If a landlord believes raising rents but loosing fed tax credits is more profitable then they will still be free to do so. Its not strict NY style rent control where you are banned from increasing rents or else get fined.

@realjobin 5 ай бұрын

Thank you for your feedback, that is very true regarding renewals and rate increases - but just wanted to also explain the negative aspects of rent regulation and rent control

@381delirius 5 ай бұрын

@@realjobin great video 👍🙌

@sarah345 5 ай бұрын

Honestly, with this current rental market, I doubt landlords would maintain their properties whether there was rent control or not. But maybe that’s just because I’m in Toronto. Also, without rent control people are seeing increases in their rent so high that it forces them to move out.

@realjobin 5 ай бұрын

That is very true landlords can increase their rental rates year over year but when their property sits vacant for an extended period of time they will quickly realize they need to be fair and competitive with pricing. Or rent from a property manager because they typically have more insight into how a rental property should be maintained and operate

@sarah345 5 ай бұрын

@@realjobin in Toronto nothing is sitting vacant. I’m sure there is a ceiling but it is very high. I was paying $2300 (plus utilities) for a 2 bedroom, and he could have easily raised it to $3000 if not for rent control. And my landlord was a complete asshole, so I’m 99% sure he would not have maintained the place anyway. He literally had someone paying to live in a windowless basement in my building. (Which is illegal) Balanced markets can be fair, but this is not a balanced market. Also, you seem to be American? In Ontario the government adjusts the annual rent increase percentage based on inflation. This is meant to avoid what you were saying about landlords who can’t afford to maintain their properties. And they can change the rent to whatever they want when they get a new tenant. Not sure how it works where you are.

@scottlemiere2024 5 ай бұрын

@@realjobin except that they can write off the whole amount of the lost rent on their business taxes, so we're footing the bill for them leaving apartments vacant.

@realjobin 5 ай бұрын

Hi Sarah, I am sorry to hear that and yes, some landlords are very unprofessional and do not maintain the property as they should!

@mookisabatuki4201 5 ай бұрын

oo i red some paid reports and now im an expert, bah

@realjobin 5 ай бұрын

Thanks for the feedback but I work in property management and see/experience this topic very frequently

@scottlemiere2024 5 ай бұрын

@@realjobin ah, so YOU are biased. Probably should have mentioned that at the top of the video so we could ignore you.

@donaldlyons17 5 ай бұрын

@@scottlemiere2024 People with bias online don't like to say it.... I can't understand the issue myself because stating I have a bias should not turn off viewers so they know from the start....