Landlord Question and Answer Forum
We have a rental house in Van Nuys, CA. How do I find out if there is Rent Control for this property and if there is not, can we raise the rent any amount or is there a formula?
Cay B, CA on Wednesday, May 8, 2013
RE: Rent increase
Check your local agency. As for rent increase, that usually depends where the property is located. Check newspaper what other units are renting for. There is no formula. In CA you are limited to10% for a 30 day notice. Over 10% a 60 day notice is required per 12 months. . -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with Fed/State/Local and Tax Laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance. BTW...check out the Rental Property Organizer at Simp-List.com. Free Trial Download. A great program at a great price!
Posted by
Bob R, CA
on
Thursday, May 9, 2013
RE: Rent increase
You may even be able to find info on your states website... they often have rental property info.
Posted by
karen s, WI
on
Friday, May 10, 2013
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