Tenants Should Not Depend on a Tarp to Keep Dry

The city has identified two objectives for rent stabilization: to enhance the stability of renting households and to maintain and improve rental housing. But when landlords put profit before maintenance neither objective is accomplished: the property declines and prematurely reaches the end of its useful life. And there is no clearer sign of decline than a tarp on the roof!

Read more

When Landlords Put Profit Before Maintenance

Beverly Hills residents take well-kept properties for granted. High-and-rising values generate resources for maintenance and, in turn, maintenance keeps property values up. But maintenance is not part of the business model for some owners of residential rental property. Instead their priority is cash flow. But scrimping on maintenance not only affects tenants; it also augurs an overall decline in the city’s rental housing stock. Let’s take an example!

Read more