{"id":2667,"date":"2016-09-14T14:35:34","date_gmt":"2016-09-14T19:35:34","guid":{"rendered":"http:\/\/www.manufacturedhomepronews.com\/industryvoices\/?p=2667"},"modified":"2016-09-15T10:33:46","modified_gmt":"2016-09-15T15:33:46","slug":"umh-president-and-ceo-sam-landy-on-rent-control-manufactured-home-communities","status":"publish","type":"post","link":"https:\/\/www.manufacturedhomepronews.com\/industryvoices\/umh-president-and-ceo-sam-landy-on-rent-control-manufactured-home-communities\/","title":{"rendered":"UMH President and CEO, Sam Landy on Rent Control, Manufactured Home Communities"},"content":{"rendered":"

Tony, I have a long history with rent control<\/a> and have thoroughly studied the issue.<\/p>\n

If you do a manufactured home community with all rental units, I suspect you will never have to deal with rent control.<\/p>\n

When a resident makes an investment in their house – which with modern manufactured homes could now be over $100,000 – the possibility exists that some community owner will raise rents in a inequitable fashion. When that happens, the home-owning residents will scream for rent control. Once rent control is adopted, it is a nightmare for the landlord and it is costly for the municipality.<\/p>\n

The fact is if we raise our rents too high we will have no sales and no occupancy.<\/p>\n

No reasonable landlord would do such a thing.<\/p>\n

Our rents have to make economic sense or we have no business.<\/p>\n

Therefore, in the long term, there is never a need for rent control.<\/p>\n

\"samlandyonrentcontrolmanufacturedhomecommunitiesakamobilehomeparkssic-postedindustryvoicesmhpronews\"
Graphic credit, MHProNews.<\/figcaption><\/figure>\n

In the short term, however, a single landlord can create a bad situation for hundreds of home-owning residents by raising rents in excess of market rent. The market will force the landlord to lower rent over time, but many residents may object strongly before that happens.<\/p>\n

Once rent control is adopted, politicians will – by the tenants votes – be giving the landlord’s property to the tenants. It happens all the time.<\/p>\n

UMH never raises rents more than 4% or CPI. By doing so, the municipality understands we are treating our residents fairly.<\/p>\n

UMH would not buy a rent controlled community and believes all community owners should work with residents to avoid rent control.<\/p>\n

One way to work with residents is increase rents for existing residents in a smaller amount than for new residents. That reduces the opposition to rent increases. ##<\/p>\n

Sam<\/em><\/p>\n

\"samlandy-umh-ceopresidentjd_credit-linkedi-posted-industryvoicesmanufacturedhousingindustrypronews-mhpronews\"<\/a>Sam Landy Esq.
\nPresident and CEO
\nUMH Properties, Inc.<\/p>\n

(Editor’s note: this letter to the editor came in response to the Daily Business News article by guest writer, Joe Dyton, linked here<\/a><\/em><\/strong>. Headlines are routinely supplied by MHProNews<\/em><\/strong>, as was the case in this Op-Ed with Mr. Landy.)<\/p>\n

To read an in-depth interview, A Cup of Coffee with…<\/em>Sam Landy<\/strong><\/a>, click here.<\/p>\n

\"kevin-clayton-l-ryan-howerton-21st-sam-landy-umh-chris-lindsey-umh-charley-lott-fleetwood-manufactured-home-living-news-2\"<\/a>
L-R _Kevin Clayton – Clayton Homes, Ryan Howertown – 21st Mortgage, Sam Landy – UMH Properties, Chris Lindsey – UMH Properties, Charley Lott – Fleetwood Homes (Cavco). Photo from industry event by MHProNews.<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Tony, I have a long history with rent control and have thoroughly studied the issue. If you do a manufactured home community with all rental …<\/p>\n

UMH President and CEO, Sam Landy on Rent Control, Manufactured Home Communities<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[2286,2188,2189,2230,2220],"tags":[2290,2247,2291,2289,2288,2287],"yoast_head":"\nUMH President and CEO, Sam Landy on Rent Control, Manufactured Home Communities | Industry Voices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.manufacturedhomepronews.com\/industryvoices\/umh-president-and-ceo-sam-landy-on-rent-control-manufactured-home-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UMH President and CEO, Sam Landy on Rent Control, Manufactured Home Communities | Industry Voices\" \/>\n<meta property=\"og:description\" content=\"Tony, I have a long history with rent control and have thoroughly studied the issue. 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