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2 <br />The California Tenant Protection act of 2019 (TPA) is also unfair as the minimum allowable rent increase (5% <br />per year) is an arbitrary number in the sense that it is never adjusted for inflation or any other economic <br />indicators. For the last six years it remained stable at 5% which places small landlords at a disadvantage solely <br />based on the increase in property taxes each year. In 2023-2024 property taxes increased 6.7%, in 2024-2025 <br />an additional 6% and are projected to increase 4.99% in 2025-2026 [4]. <br />Clearly rent control is causing a housing shortage as small investors cannot turn a profit renting out their <br />properties. Being asked to provide for tenants welfare after a fair lease is unfair. Small landlords in Redwood <br />City are at the mercy of unfair and repressive tenant ordinances which is making it impossible to survive in <br />Redwood City. <br /> <br /> <br /> <br />[1] https://taxfoundation.org/data/all/state/sales-tax-rates/ <br />[2] https://www.smcgov.org/controller/news/2025-property-tax-highlights-publication-press-release <br />[3] Federal Reserve Bank of St. Louis, Apartment List <br />[4] Smcgov.org, smcacre.gov <br /> <br /> <br />Regards, <br />Jeff Schabowski, CPA <br />491 Seaport Court, Suite 101 <br />Redwood City, CA 94063 <br />www.incometax.host <br />Office: (650) 369-5122 This is a landline, I am unable to answer text messages. Please do me <br />the favor of not using text messaging to my personal cell phone for tax matters as text is not secure and <br />is extremely difficult for tracking, retention, and record keeping. I apologize for the inconvenience. <br />For more information please refer to IRS Circular 230 which outlines the regulations governing practice before the IRS, <br />including the use of text messaging for communication. <br /> <br /> <br /> <br /> <br /> <br />8.A. - Page 85 of 85 <br />343