Insight
Seattle, Washington's rent increase cap is 7% plus inflation or 10%, or whichever is lower. For manufactured home occupiers, the cap is lower—5% per year.
“Rent Freeze” in New York Could Cripple Mom-and-Pop Landlords. Will It Catch on Nationwide?
Summary
New York City is considering a rent freeze, which could negatively impact mom-and-pop landlords. Boston has implemented rent control measures, and other cities are considering similar actions. Hosts in these areas should be aware of potential rent regulations and their impact on profitability.
Key takeaway