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New Jersey

oldsoftie

(13,538 posts)

1. As a landlord I dont think this rule is TOO restrictive, but it may be a bit low for NJ

Reply to RandySF (Original post)

Wed Sep 25, 2024, 05:27 AM

Sep 2024

5% a yr isnt much where I am. And the CPI doesnt show local tax increases or insurance rate increases or maintenance cost increases.
If we had such a law, it would likely just make lots of landlords not renew a lease in order to get a bigger raise
Personally I keep rents well below market. That way people stay put longer. If they start looking to move & see they'll pay MORE for LESS house, they stay put. And I'm not 35 anymore so I prefer taking in less than dealing with turnover & upgrades

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FUTURE OF RENT CONTROL PROTECTIONS ON NOVEMBER BALLOT IN HOBOKEN [View all] RandySF Sep 2024 OP

As a landlord I dont think this rule is TOO restrictive, but it may be a bit low for NJ oldsoftie Sep 2024 #1

Rent control doesn't work or has unintended consequences worse than the problem it is trying to solve hueymahl Sep 2024 #2

As a landlord who owns "only 1 or 2 properties," ColinC Sep 2024 #3