pages: RentReviewAdvisoryCommittee/2019-06-03.pdf, 4
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RentReviewAdvisoryCommittee | 2019-06-03 | 4 | Approved Minutes June 3, 2019 money now than when they moved in and would be happy to come to an agreement where they would be paying the same income-to-rent ratio as when they moved in. He said the pool was not open when the tenants moved in and he had been looking into restoring it. Mr. Chiu asked how recently the pictures provided in the tenants' submission were taken and Mr. Price said they were taken several months ago and prior to the landlord remedying the unit, but doubted whether the remediation would last as the mold had returned after the first time they remedied it. Mr. Gousios responded that the walls were treated by a professional and believes the work was done in an acceptable manner. The tenants said they had moved back in the last month and a half and no further water intrusion had been observed, but they were worried it would return when heavier winter rains return. Member Chiu asked if they both worked and the tenants affirmed they did. Vice Chair Sullivan-Cheah asked the tenants if they were satisfied with the work done by the landlord and they said they were satisfied with the work done to date. Vice Chair Sullivan-Cheah asked if other units had similar problems and Mr. Gousios said that none did, and this unit did not either until the current tenancy. Mr. Gousios and Ms. Moran provided pictures of the work done to the unit. Vice Chair Sullivan-Cheah asked Mr. Gousios how he came to the requested increase amount and Mr. Gousios replied that he would like a 10% increase to have 5% for this year and 5% for the prior invalid increase he had to pay back to the tenants that was invalid because it was $0.50 over the 5% limit. Vice Chair Sullivan-Cheah asked the tenants how much of an increase they thought was reasonable and Mr. Price said he thought 5% or $73.00 was reasonable because it was what they could afford. Ms. Price said their budget was tight, that they had maybe $30.00 left over after their bills were paid each month. Mr. Gousios offered an increase of 8% and Ms. Price replied that they could not afford it. Vice Chair Sullivan-Cheah asked Mr. Gousios why he was requesting the increase and Mr. Gousios replied that he had increased labor costs, had refinanced the property and those costs increase if the property is not generating income or seeing rent increases that keep up with costs. He said he thinks the unit is below market rate. The tenants replied that their income had dropped since they moved in and having a second child had increased their expenses. As the parties were unable to reach an agreement, they took their seats, and the Committee began deliberations. Member Chiu reflected on the tenant's financial burden, the improvements made to the property, and other factors the parties offered. He said he thought an increase of 7-8% would be reasonable. | RentReviewAdvisoryCommittee/2019-06-03.pdf |