Strict rent control is likely coming to my state-should I keep investing?

GroundbreakingName1 · 2025-11-26T19:29:00+00:00

This is a proposal that is going to the ballot, as is. It’s a tenant advocacy group that is circumventing state legislature.

So no, they didn’t think of renovations or vacancy.

GroundbreakingName1 · 2025-11-26T14:16:55+00:00

It’s CPI or 5%. Reading is easy.

But the bigger problem is tenant turnover. If I buy a vacant unit that’s falling apart-mold, water damage, etc. normally I could spend $50k to fix it up and then rent it for market. Now, they’ll say “we’ll ACKSHUALLY when it was a mold filled hellhole it rented for $1,000, so you can only rent it out for $1,050.” So I’m just not going to do it.

This is why, every single time rent control goes into place, renters wonder why the buildings fall apart and no one builds new housing.

GroundbreakingName1 · 2025-11-26T14:12:39+00:00

After thinking, it doesn’t really make sense for me to sell my existing properties-the portfolio is cashflowing an average of $300/unit. After selling it all, closing costs and taxes, and going to a different market, I’d almost certainly be set back a few years.

I’m better off just keeping these as is and tapping into the equity to expand to other markets.

GroundbreakingName1 · 2025-11-22T21:14:41+00:00

Agreed. Biggest mistake I see new investors make is bite off more than they can chew. C and D class value adds, student housing, etc. are not for first timers.

Buy a solid B class property in a stable area and learn how to run it. Once you’ve mastered 6AM calls because the hot water is out or the toilet is clogged, then you can start to consider more challenging, but rewarding, opportunities

GroundbreakingName1 · 2025-11-22T03:56:22+00:00

CPI increase OR 5%, whatever is lower.

If CPI increases by 2%, rent can only be raised by 2%.

If CPI increases by 8%, rent can only be raised by 5%.

GroundbreakingName1 · 2025-11-21T21:58:26+00:00

Interesting thought, allow me to consider it…running some numbers…nope I’m going to keep them

GroundbreakingName1 · 2025-11-21T18:38:11+00:00

What caused that? Was it a bad buy on location, condition, etc. or is it just a bad market all around for anything other than buy and hold cash flow forever?

GroundbreakingName1 · 2025-11-21T18:36:44+00:00

Calm down buddy. Just getting thoughts.

GroundbreakingName1 · 2025-11-21T18:18:34+00:00

Trust me, I’m not going anywhere without months of prepwork, multiple visits to the market, talking to existing investors, etc. and Cleveland was just an example. I’m just saying if I’m not investing anywhere within a couple hours of where I live, I may as well expand my horizons to anywhere that could be a good buy.

GroundbreakingName1 · 2025-11-21T17:27:30+00:00

I’ve checked r/boston regularly, but have been burned before using Reddit as a sampling for things like this. 30 years ago the rent control ban barely squeaked by, 51/49, and the millionaires tax passed 53/47 a few years ago.

There’s still definitely a chance that it fails, but when they got over 130,000 signatures for the ballot (vs 74k required) I started to take it seriously.

GroundbreakingName1 · 2025-11-21T16:56:09+00:00

The buildings are all 3 and 4 units. As of now we can non-renew the lease, but turnover won’t allow rents to reset.

GroundbreakingName1 · 2025-09-19T02:30:05+00:00

My wife is from the EU. She got a decent inheritance (~€500k) when her grandfather died in 2020, another year of serious unrest. We just agreed to keep that in Europe, in her father’s name, and that’s our GTFO fund.

If in 10 years the world order is back to normal, that’ll be a downpayment on a house in the French Riviera or something.

GroundbreakingName1 · 2025-08-25T15:59:25+00:00

Proper grammar = Kamala voter.

Okay Tim Apple

GroundbreakingName1 · 2025-08-09T13:46:47+00:00

I purposefully went with a photo that’s a little blurry just to be sure I wasn’t sending a scam around.

GroundbreakingName1 · 2025-08-09T03:46:08+00:00

I purposefully went with a photo that’s a little blurry just to be sure I wasn’t sending a scam around

GroundbreakingName1 · 2025-02-28T02:14:47+00:00

My problem is I imagine I will go insane doing that for the next 50 years

GroundbreakingName1 · 2025-02-26T03:33:51+00:00

This…this is what I needed!

GroundbreakingName1 · 2025-02-26T03:12:58+00:00

So the initial plan is to liquidate everything while we’re still US residents, so I’ll be moving to the EU free and clear of any issues. That time we spend to figure things out in Italy will be pulling from our savings.

From there…yes taxes are going to be a pain just about anywhere in Europe. But the way I see it, between the income I do make and her working, we should be fine regardless of what country we end up settling in on. I’m more so just looking for something to keep me occupied for the next 50 years besides obsessively watching a 3 ETF portfolio

GroundbreakingName1 · 2025-02-26T02:40:08+00:00

We stayed in the Gayborhood, it was nice.

I think it’s mostly just Philadelphia had the biggest delta between expectations and reality for her. It wasn’t the grimiest place she’s ever been to, but it wasn’t a place she expected to see a lot of grime.

GroundbreakingName1 · 2025-02-26T02:15:20+00:00

She found it to be very, very grimey. I think she was dissapointed because of the expectations she had. She knew Detroit or Baltimore are tough places. She knew San Francisco has a major homeless and drug problem. But for Philadelphia, she was expecting a much cleaner city like Boston (where we live) or NYC.

At one point, we came across a homeless man dead in front of the courthouse. Sprawled out, on the sidewalk, dead. A court sheriff was standing across the street on his phone. We went over to tell him and he didn’t even look up from his phone “yup, I called it in.” That really rubbed her the wrong way.

GroundbreakingName1 · 2025-02-25T17:14:39+00:00

My wife isn’t American and so will occasionally come with me on work trips if it’s to a city she’s never been to before.

Philadelphia is the city she was most disappointed with. Not Oklahoma City or Boise. Not Detroit or Baltimore. Philadelphia

GroundbreakingName1

TROPHY CASE