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BumRushDaShow

(160,743 posts)
19. I don't think the issues are so much with the individual single-family landlords
Wed Jan 25, 2023, 03:04 PM
Jan 2023

but often with the large corporate multi-family apartment owners who have swooped into many municipalities and bought up multiple complexes. They end up doing some rudimentary "curb appeal" (landscaping) fixes and then sell to the next corporate buyer at a profit, raising the rents in the process.

I know one of the apartment buildings that I had lived in for years before moving to where I am now, was literally changing hands every 3 - 4 years. Each of these new owners brought in their own contracted property management staff who were hit or miss with respect to customer service. And as things devolved (heating systems went, roofs needed repair, plumbing was subpar), the owners sell, and away that team goes to be replaced by a new group.

So there are many types of practices that could use some regulation/tweaking to stabilize the marketplace and reduce the churn that basically boils down to the continual "flipping of apartment properties" (just like you see people flipping homes).

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Gathering information and creating Luciferous Jan 2023 #1
It already is a state and local government issue Major Nikon Jan 2023 #2
Precisely, so the title of the article is kind Luciferous Jan 2023 #3
Remember that the Executive Branch cannot "make law" BumRushDaShow Jan 2023 #4
Housing is the biggest threat Puppyjive Jan 2023 #5
I think we need to tread lightly here. The Jungle 1 Jan 2023 #6
I get it Puppyjive Jan 2023 #7
This is not really focused on "evictions" BumRushDaShow Jan 2023 #8
Well just so I do not come off as a money hungry republican The Jungle 1 Jan 2023 #18
I don't think the issues are so much with the individual single-family landlords BumRushDaShow Jan 2023 #19
Make it illegal to buy and/or hoard residential properties. Magoo48 Jan 2023 #9
Make it illegal to buy and/or hoard residential properties. Magoo48 Jan 2023 #10
Yes, a lot of this Abigail_Adams Jan 2023 #11
Yes! Puppyjive Jan 2023 #12
Tax sellers 30% when they sell to these types of buyers MichMan Jan 2023 #16
It's happening in a lot of -- if not nearly every -- place. Definitely happening here in Oregon KPN Jan 2023 #17
Only individual states could do this Sgent Jan 2023 #23
I read the article (twice) and see no new tenant protections. I see studies and kelly1mm Jan 2023 #13
This was because "demands" were made of the administration BumRushDaShow Jan 2023 #14
The states could help by waiving all property taxes on residential rental properties MichMan Jan 2023 #15
K&R LetMyPeopleVote Jan 2023 #20
Of course "average rental prices" have continued to increase. Igel Jan 2023 #21
"It takes a while for the pig to pass through the python." BumRushDaShow Jan 2023 #22
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