HomeMy WebLinkAboutCOM 0600.007 2022-2024 PI rc,
SILL 104
ODr IVI. C600
From: Matthias w. Kusch
Sent: Sunday, December 03, 2023 9:30 AM CD:
To: Council Testimony --i
Subject: Bill 104: long term rentals 4 `‹
Aloha Councilmembers,
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This is a great bill and I think it will further incentivize people who own vacant homes to rent them out,
creating supply and likely stabilizing prices for renters. It can also stabilize the phenomenon of rapid RPT
increases year over year that ultimately get passed on to renters; pushing rent up further. One fine tuning
detail I see is that the lease must be for 10 months to a single set of tenants unless they are students or
medical professionals. What happens when a tenant moves out (planned or unplanned) in a shorter time
period?The property owner has no control of this and it would trigger back taxes etc, even if they re-leased
the property promptly.
I would like to suggest an amendment that allows a landlord to keep the long term rental classification if they
have a tenant move out, by showing records of advertising for a new tenant (if the move out happens at the
'long term rental' renewal time), or by showing the property was re-leased to a new long term tenant in a
reasonable time (suggestion: 60 to 90 days).There should also be an allowance for repairs that often are
needed between tenants. Proof can be repair bills from vendors or materials (receipts)for DIY landlords, or
permits (and the time it took to process them).
Justification:
As a landlord, it's not always possible to predict tenants moves.They can legally break a lease anytime -which
triggers the landlord to start looking for a new tenant-and they can also move at odd times of the month: For
example, if a tenant moves out on the 15th of the month, and you promptly advertise for a new tenant, the
new long term tenant might not be able to move in until the following 1st of the month (45 days elapsed).
Another scenario is when a tenant lives at a location for a long period, it is often in need of repairs. Depending
on the repairs, they may take 30 days or longer(sometimes much longer!)to complete. Vender availability
and any necessary permits can hang up a rental for extra time before it can be re-leased.
Combine the two, and the unit can sit legitimately for several months, at no fault or malfeasance by the
property owner.
This Bill is designed to incentivize the pool of available rentals and relieve renters from paying big jumps in
property taxes via rent increases. But in it's current state, the very basic realities of long-term rentals are not
addressed. Whomever administers this ordinance must have some guidelines that are in line with actual world
of renting and leasing.
I am happy to share more on this subject if any council person would like to learn more about long-term
renting. I have been a landlord for 24 years, both self managed and using management companies. I have
many insights if there are questions you may have. oo��
Comm. No.
Ref. To:
Thank you, i Ref. Gate_ .DE ,. --.5 2Q?3
Matthias Kusch
808 938-0680