Last week we asked if DC’s tenant laws, generally perceived as especially tenant-friendly, would deter you from renting out property you own.
Approximately 50 percent of the few hundred respondents suggested that yes, the city’s laws acted as a deterrent for would-be landlords.
One reader called the laws “an abomination” of property rights; another said a bad experience put them off of renting for good. “I have 2 terrible tenants and will NEVER rent a property in DC,” the reader said.
While half of the respondents said they didn’t plan to rent their property, the rest responded either that they would rent anyway (43 percent) or offered another opinion (7 percent).
One of the respondents who said they rented their property regardless suggested that renters are paying for the laws in ways they perhaps don’t realize. “I charge a higher rent than I otherwise would due to DC’s tenant-friendly laws,” the landlord said. Another echoed that point, saying, “I charge more rent to offset the potential headaches.”
Others said the laws made them more cautious in selecting tenants. One said they’d only rent to relatives and friends; another operated with strict credit checks. Still others suggested they rented, but the laws made them much more stressed about doing so.
“I would rent if I had to, but I would hate it,” a respondent said.
This article originally published at http://dc.urbanturf.com/articles/blog/50_percent_of_readers_say_tenant-friendly_laws_mean_they_wont_rent/8620
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The seven-bedroom home hit the market on Friday and was under contract by Sunday.... read »
This year will likely go down as the year that prices for houses in DC reached new he... read »
Dubbed OZMA, the 13-story project will include roughly 7,900 square feet of ground fl... read »
A previous proposal for the site shared last year would have delivered 83 units and s... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The 12,000 square foot replica of 1600 Pennsylvania Avenue went under contract last w... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro