This week in rental property, we revisit with Jimmy Mcmillan who argues that his landlord is evicting him through an act of racism. See more on his situation in article one. Next, we take a look at rent control, and the tenants in Jersey who are advocating its implementation in order to ‘control’ their rent increases. Would this really help the cause? in other news, we look at how home equity can be used to fund a rental, a great way to use the property you live in to acquire more properties and make a little more cash. Finally, we take a glance at Philadelphia, where the mayor may be picking from the wrong bone. Will raising property taxes really get the money necessary to fund his plan, or will it just drive landlords and property managers to take their business elsewhere?
TWiRPs
- The rent is too damn high party founder, Jimmy Mcmillan, is still fighting eviction under the Adult Protective Services Program:
http://blogs.villagevoice.com/runninscared/2015/03/the_rent_is_too_damn_high_guy_continues_to_fight_landlords_eviction_efforts.php
- Is rent control out of control? Tenants advocate rent control as a solution to “limit the amounts of rent increases”:
http://www.northjersey.com/news/business/shopping/property-owners-sound-off-on-rent-control-proposal-1.1287323
- See the story of this tenant who threatened to sue his landlord to get his rent reduced. Treat your tenants right! If you make sure that there is value that both you and your tenant can recognize in each other, then your business will prosper:
http://www.theawl.com/2015/03/the-tenant-who-threatened-to-sue-the-landlord-and-got-his-rent-reduced
- Raising property taxes to fund school? With property taxes sky high, take a look at why so many oppose this raise in Philadelphia:
http://www.bizjournals.com/philadelphia/morning_roundup/2015/03/poll-75-oppose-nutters-property-tax-hike-to-fund.html