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OPPOSE ALTERNATIVE B

From: domainremoved <JEFFREY>
Date: Sun, 24 Feb 2019 12:10:31 -0800

Dear Council members, as an owner of a number of apartment buildings and as a resident in Menlo Park, I would urge the council to OPPOSE ALTERNATIVE B, which would :

 

- Impose strict and ever tightening rental prices on our rental units : "rent caps"

- Regulate who can and cannot reside in our units and under what terms : "just cause"

- Require payment of large relocation penalties for any rent increase or any termination of tenancy : "relocation".

 

This will impact our ability to provide for our tenants, our family's source of income and our retirement. I’m opposed to any form of rent control that you may be considering. This proposal may also cause us to rethink our ownership of these units and instead of having rental units change the use to condo’s and sell them individually thereby creating a smaller supply of housing in the rental market. Unfortunately, I’ll not be able to attend the council meeting, but I wanted to express my concerns to council.

 

Regards,

 

-Jeff

 

 

Jeffrey A. Rodgers

Executive Managing Director


CA RE License #00942763

 

  
Newmark Knight Frank3055 Olin Avenue, Suite 2200
 San Jose, CA 95128D 408.987.4143 F 408.988.6340 
jrodgers_at_(domainremoved)

 



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Received on Sun Feb 24 2019 - 12:06:47 PST

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