Registration Fee Unfair to Elderly Landlords
August 14, 2014 – Elderly landlords who own rent-control apartments will feel the burden of the increased registration fees being proposed.
There are a lot of elderly landlords with rents so low that this registration fee increase is an onerous burden should this registration fee increase pass.
The land I lord over is a 4 unit property (one of which my wife and I live in) I still have 2 criminally low rents. A 2BR with a garage at $580.00 and another 2BR with garage at $895.00 Fair rent control indeed! It means at $288.00 per year this 75 year old landlord will have to pay at least $12.00 per month per unit for our share. The rent control board has a lot of chutzpah.
In 2013, out of 26,335 Santa Monica rent-controlled units, there were only 4 excess rent complaint hearings heard. That doesn’t sound like a lot of heavy administrative lifting.
The 24 Rent Board employees are now paid an average of $165,000 per year in salaries and benefits and get every other Friday off plus the usual government holidays.
Los Angeles charges less than $25.00 per unit per year to administer rent control. Santa Monica rent control want 11 times that per year for the benefit of their employees.
To quote Daffy Duck, “It is to laugh".
Patrick Regan, Santa Monica