Kim Lisa TaylorSecurities Attorney, Founder, Syndication Attorneys, PLLC · Corporate Securities Attorney, 2x Best-Selling Author, Nationwide Speaker | Private Placement

Florida's Rent Crisis: No Rent Control, Big Problems!

18 Sept 2024 · 1 min

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In this commentary, the speaker highlights Florida's lack of rent control laws, allowing landlords to raise rents arbitrarily under the guise of market conditions. They cite dramatic rent hikes of $500‑$700 per month that force tenants to relocate, leading to declining occupancy rates for landlords and a surge in eviction court filings. The overall narrative underscores a growing rental housing crisis driven by unchecked rent increases.

Chapters

Certain states like Florida, there's no such thing as rent control, right? A landlord could raise their rent to whatever they want. And as long as they can justify it and say, oh, it's market conditions, no one cares, right? So, and we saw that, we saw people's rents jump $500, $600, $700 a month, and people were forced to move. When your rent jumps $500, You're starting to lose, you're losing your tenants, right? Your occupancy is dropping, and which is what's happening here, you know, in Florida. You are seeing the eviction courts are being filled again.