By Peter Fabris, Contributing Editor | October 18, 2019
Image by andreas160578 from Pixabay
California recently enacted rent control legislation, and there is growing support for regulations to cap the rate of rent increased in other parts of the country. That’s not going to spell gloom and doom for multifamily owners, though, according to an executive with Marcus & Millichap’s National Multi Housing Group.
As reported by GlobeSt, rent control still allows for rent increases, the executive pointed out. Rent increases in most markets with rent control are tied to the consumer price index, plus a set percentage increase. Rules have changed, but opportunities for sound investment returns still exist.
