Oh my! Rental property crash coming?
“Oh my! Rental property crash coming?”
Well I’m 9 days from closing on a Cali. rental property that is in my Mom’s estate. Dear old Mom for the last 35 years was always $300 a month under the prevailing rate. She left over 100k on the table only to have the last long term Tenants trash the place. I just pray the new owners are actually moving in and that it is not an Investment property, otherwise I worry about closing the deal, Thanks dip$hit Gov. Newsom. I wonder if this will make it to the Supreme Court since it is a Statewide non ballet initiative??
Guaranteed 7% increase each and every year, no longer have to wait for increases in minimum wage or COLA increases, you can just pop that bugger every year on the same day.