Lately, we’ve noticed an uptick in marketing materials flooding the inboxes of property managers and owners alike. The message? Sell now. Exit smart. Get out while you still can.
Take a look at the image aboveâanother âTax-Smart Exit Strategiesâ live stream, encouraging rental property owners to explore their options for selling, hosted by a CPA whoâs no doubt seeing a surge in clients looking for the exits.
Why is this happening? Itâs not just about taxes. Itâs about politics.
Rent Control: The Writing on the Wall
In todayâs political climate, especially in California, property owners are feeling squeezed by a growing push for Rent Control measures. While marketed as tenant protections, these policies are often extreme and one-sided, placing heavy burdens on property owners. We’re hearing from clients who feel like they’re no longer in control of their own investmentsâand frankly, many are considering throwing in the towel.
Rent control isn’t just a buzzwordâitâs becoming reality in cities across the state, and the ripple effect is being felt even in communities where it hasnât passed yet. Property owners see the momentum, the public pressure, the uncertaintyâand theyâre getting nervous.
Should You Sell or Stay?
At 36 North Properties, weâre here to help you cut through the noise. Selling may seem like the only option, especially when youâre getting emails, ads, and invites like the one above. But before you make any decisions, consider your long-term goals and get clear on your propertyâs valueânot just now, but in the years ahead.
Our job is to help you navigate through turbulent timesâwhether that means helping you stabilize rents, attract great tenants, or manage the complexities of new regulations.
Donât Let Fear Drive Your Decisions
Yes, rent control is a challenge. Yes, the political climate feels hostile to property owners. But with the right strategy and support, you can still succeed in this market.
Thinking about selling? Letâs talk first.
Weâre here to give you honest advice and help you explore every option.
Hire Us. We Are the Best.
Visit us at www.36northpm.com or call us today to schedule a consultation.