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Rental Ordinance

From: domainremoved <>
Date: Sun, 24 Feb 2019 21:24:16 +0000 (UTC)

Dear Mayor and Councilmembers,     As I mentioned in my last email, I have a family owned 4-plex in Menlo Park.  It has been in our family for almost 60 years.  During that time we have sacrificed to keep it at it's very best at all times, have been humane landlords, and have seldom raised rents.  Any ordinance that restricts the rights of an owner I oppose completely.  If any ordinance passed by you reduces property revenues or restricts development simply makes the housing shortage worse, not better.      Landlords having to pay relocation costs will pass those costs onto the next renter.  Many family owned rentals, which already have a low margin and high maintenance on older buildings, creates a burden for said families.  Many might be forced out of business.  Every ordinance comes with more bureaucracy, adding costs.  Menlo Park residents rejected Prop 10 in the last election, the people have spoken.    Finally, and this is personally very important, as I would hate to see it come to this.  I typically rent all of my units at under market value.  I hesitate long before raising, never before three years of occupancy and never more than $100.  This makes my units considerably under market which is why I have long term tenants--longest 14 years, shortest 6 years.  If ordinances pass that restrict my rights I will change that policy and start at the highest rent the market will bear, so as to make up for any thing that might come along later.  I think many landlords feel as I do and will do the same.  I believe that is counterproductive to the housing need.    If the political climate is such that you feel you must do something it must be on the backs of the general public and not that of small business landlords.  Any costs must come from public funds.

Received on Sun Feb 24 2019 - 13:20:20 PST

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