pages: RentReviewAdvisoryCommittee/2019-08-07.pdf, 2
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RentReviewAdvisoryCommittee | 2019-08-07 | 2 | Approved Minutes August 7, 2019 Proposed rent increase: $148 (9.8%), to a total rent of $1,658, effective September 1, 2019. Mr. King said the current owner purchased the property a few years ago and invested about $4 million on renovations. They are attempting to earn a return on the investment made in addition to the base property investment. He said the rent for this unit is about $1,000-$1,200 below the rate that current two-bedrooms are renting. At last year's Committee meeting, there was a $40 (2%) increase on this unit, which is why they are asking for 9.8% increase in an effort to earn a return. Mr. Tensae said in the last year 5 years, his rent has increased over 23%. New ownership had made some repairs, like replacing windows inside his unit, but water continues to leak through his bedroom windows when it rains. He notified maintenance, and they said they were going to fix it from the outside, but nothing had been fixed. He said he's currently working for a freight company and doesn't have a full schedule, which was creating a financial hardship. He asked for a decrease in rent or keeping the same rent if possible. Member Murray asked Mr. Tensae if his hours were cut back and he replied yes. She asked about his current work schedule. Mr. Tensae said that his schedule fluctuates every week. Sometimes he works 2 days, 3 days, or 5 days out of the week. He said his employer would call an hour in the morning before the shift started. Member Murray asked Mr. Tensae if there was a guaranteed schedule provided at work. He responded no. He said he asked his employer for a set schedule, so that he can look for another job, but his employer was unable to help. Member Murray asked Mr. Tensae if anyone else is living in the unit. Mr. Tensae said his son is living with him. He is currently working part-time as an accountant. Member Murray asked Mr. Tensae if his son is in school. Mr. Tensae said his son just completed his bachelor's degree and is planning on going back for his master's to help him get a full-time job. Member Murray asked Mr. Tensae if his son is contributing anything towards rent. He said his son has been making some contributions. Member Chiu asked Mr. Tensae if his income had changed in the last year. Mr. Tensae responded that his income had decreased by about 25-30%. Chair Sullivan-Cheah asked about the water issues in the unit and if it had been completely addressed. Mr. Tensae said after complaining to maintenance, they said | RentReviewAdvisoryCommittee/2019-08-07.pdf |