Rent Control Isn't a Deal Breaker

Karl Slovin is the president of MWest Holdings.

MWest Holdings is known for its tremendous success redeveloping historic 1920s poured-in-place concrete buildings. These charming properties are also rent controlled, a characteristic that a lot of investors might shy away from. Karl Slovin, president of MWest Holdings, however, says that rent control isn’t a deal breaker. As long as you play within the rules and develop realistic business plans, you can find success. We sat down with him for an exclusive interview to discuss his approach to investing in rent-controlled properties.

GlobeSt.com: You have seen tremendous success with historic and rent-controlled apartment properties that some other investors may have shied away from. Why are you so open to rent-controlled properties and how do you make it work?