Remember that property is also a limited resource, and all plots of property are not created equal. Property ownership is an agreement between individuals and the state. The state gives the individual some rights to the property, but is empowered to restrict use of that properly when it believes the public good is better served. In theory, both sides benefit from that. But, for now, landlords are trying to throw aside what many (myself included) would consider the public good, in the name of higher profits.
I'm personally not a big fan of rent control, but simply dropping it (and allowing landlords to drive trucks through loopholes such as this) alone is not a way to get ourselves out of our current housing mess.