Why I Quit Real Estate Investing

@wanderingaround1928 says:

I think its if the tenent moves its still rent controlled

@willwilliam4996 says:

He’s a YouTuber shilling his ads

@AdventZZZx says:

So the thing with rent controlled properties is, if there is a rent control in the area you have to raise your rent by the maximum amount or else whenever you need to raise the rent due to your economy blowing up you can’t you can only raise it by the rent control so let’s say once every 10 years is when you need to raise your rent I don’t know 20% let’s say, but you can only raise it 4% every year by rent control. If you don’t raise it every year you’re getting screwed 16%, but if you do control then every 10 years you’re raising it 40% instead of 20% so the rain control eventually screws the people it’s trying to protect in areas of no rec control. It can stay the same or relatively the same amount of rent every year, but whenever an outside factor forces the prices to go up, you can raise the price prices. If there is any control, you would have to raise the prices every year in anticipation of an event like that.

@jackwindensky5606 says:

Just ignore the fact he got rich there

@GusFront says:

@jackwindensky5606past tense.

@stinkwink695 says:

Don’t invest in rental homes, now someone can buy it and live in it as was intended.