Jack Messerlian’s Post

More housing provider restrictions are on the horizon for California, impacting mom & pop owners significantly. These owners, whose properties make up a substantial portion of naturally occurring affordable housing in high-cost-of-living areas like the Bay Area, are facing challenges due to increased regulations. - Assembly Bill 2801, landlords are required to take photographs of a unit before move-in, after move-out and before and after any necessary repairs or cleaning, which must be provided to the tenant along with the security deposit disposition form. This bill will take effect on July 1, 2025. - AB 2747 requires landlords of greater than 15 units to provide tenants with the option to report their on-time rent payments to credit bureaus, effective April 1, 2025. - Senate Bill 611 forbids fees on rents paid by check, fees for posted notices, or charging tenants in the military more than the standard security deposit amount, effective July 1, 2025. read more at: https://lnkd.in/gYvVwRUA

The Rent Guidlines Board is not a big cartoon dial for elected officials that reads “Affordability” that can just be turned down without consideration for the costs to run the housing these rents pay for. As it is immense political pressure is placed on the board to treat this privately run housing as a publicly run social program without the benefit of outside infusions of funding or reduced costs. More people need to understand this as pointed out here. https://lnkd.in/eJthZV9i

🔍 Industry Stands Firm Against Federal Rent Control 🔍 In response to President Biden’s recent housing action plan, which proposes a 5% rent cap for corporate landlords and the use of public land for affordable housing, the Manufactured Housing Institute (MHI) and a coalition of housing organizations have issued a letter to the White House opposing the rent cap proposal. The coalition’s stance is based on extensive research highlighting the inefficiency of rent control policies that, in many cases, lead to higher rents and reduced housing supply by restricting capital. The coalition emphasized that a federal rent cap only adds complexity to the current mix of state and local regulations, which ultimately discourages investors and limits new housing development. Instead, the coalition urges collaboration with housing providers to implement policies that genuinely expand housing availability—such as the initiatives outlined in the administration’s Housing Supply Action Plan. https://lnkd.in/gdesF4hR #ManufacturedHousing #RentControl #AffordableHousing #HousingPolicy Manufactured Housing Institute

In cities and states across our nation, the housing crisis is a supply issue. Under-building since the start of the Great Recession has left America roughly 4 million housing units - homes, condos, apartments, etc. - short of what is needed to stabilize our housing market. There are two policy ideas that policymakers have gravitated toward that address the symptoms of the housing crisis: Banning single-family-build-for-rent & rent control/stabilization. Enactment of these policies will suppress supply at a time when we need a surge in housing construction. No matter how well-intentioned, we cannot enact policies that will negatively impact supply as this will only make housing inflation and the housing crisis grow. Thank you KJZZ 91.5 FM for allowing me to weigh in. #housing #housingpolicy #multifamily #homebuilding

This week the major parties unveil their manifestos. What do they have to say about housing and the #rentalmarket. First up are the Liberal Democrats who are fighting "For a Fair Deal" Helen Gregory of LandlordZONE looks at the key policy commitments. ~ A big programme of social housing building. ~ A crackdown on second homes in rural areas ~ Further #leasehold reform ~ A commitment to deliver renters reforms, with no fault evictions banned, a #landlord register but instead of periodic tenancies, they would introduce default three year tenancies. ~ A new Rent to Own programme to allow people to buy their social homes over 30 years. ~Ensure no resident pays a penny to have dangerous cladding removed. #landlords #lettingagents #propertymanagers #tenants #tenantexperience #tenantexperiences #propertymanagement

President Biden’s proposed 5% rent cap on landlords with over 50 units aims to curb rising housing costs but faces backlash from housing groups and developers. Critics argue it will reduce housing supply and deter new developments, worsening the crisis. #HousingCrisis, #RentControl, #AffordableHousing, #HousingMarket, #BidenPolicy, #RealEstate, #HousingDevelopment, #NAR, #RentersRights, #UrbanPlanning

Renters Reform Bill & Section 21 Having spent 3 years working in the Westminster bubble I always look at political reforms, specifically property related now, with a keen but curious eye. I broadly welcome the progress made with the Renters Reform Bill, noting the exclusion of leasehold reform, which is a complex issue in, and of itself and the further delay to Section 21. For those that don’t know, a Section 21 notice is the legal mechanism allowing landlords to evict tenants without providing a reason, which can create uncertainty for those who rent their homes. When we look at what the great and the good are saying, NRLA Chief Executive Ben Beadle has stated that “it's crucial for the replacement system to be fair and effective, empowering tenants to hold rogue landlords accountable while maintaining confidence among responsible landlords”, and I think most will agree with this sentiment. On Wednesday this week MPs voted in favour of the Renters Reform Bill, but Ministers agreed to amend it to ensure no Section 21 ban was enacted until a probe into the courts had been held. However, there was no clear date for when Section 21s will actually be scrapped which led to Shelter's chief executive Polly Neate saying the government had "led private renters down the garden path and dashed their best chance of a secure home". She added: "For every day the government has spent weakening the bill, at least 500 renters were slapped with a no-fault eviction notice. "With the spectre of homelessness never far away, renters will remain powerless to challenge dangerous conditions and unfair rent hikes." As you can see as ever there is some polarisation in the debate, what’s your view? As I said on balance I think it works, there may well be a need to have a good landlord register as Andy Burnham (Mayor of Greater Manchester) has stated this week in his re-election campaign. What’s your view? Is the balance right? Do tenants need more protection? How do we find that win/win?

Albany has finally passed a new budget which finally includes measures to address housing issues throughout the state. But neither tenant nor landlord advocates are particularly happy with the outcome. Tenants got "good cause" eviction but there's many exemptions, leaving it up in the air how many tenants will actually have these new protections. And landlords got adjustments to improvement caps for rent stabilized units but believe they simply aren't enough to keep up with rising costs. City Limits breaks down the deal in more details. https://lnkd.in/eeNrS5gT

According to City & State, the proposed changes to individual apartment improvement increases will come in 3 tiers. The lowest tier, which would apply to any apartment, would allow landlords to recoup up to $30,000 by raising the monthly rent by up to $167. Tiers 2 and 3 – which would include units vacated by tenants who had lived there for at least 25 years, would allow landlords to recoup up to $50,000 of the cost of improvements. Buildings with fewer than 35 units would qualify for Tier 2, allowing them to raise monthly rents by up to $347. Buildings with 35 or more units would qualify for Tier 3, allowing them to raise monthly rents by up to $320. Even when the landlord has recouped the investment, the higher rents remain in effect. While progressive Democrats denounced the proposal, arguing the governor and legislative leaders should not touch the 2019 law (HSTPA), both RSA (The Rent Stabilization Association) and CHIP aptly pointed out that these modest changes are insufficient to bring back on the market those apartments that landlords have left vacant because they can’t be economically rehabbed. Full article linked below.

The Oregon Department of Administrative Services released the annual maximum rent increase for 2025 – revealing a 10% increase for Oregon renters for units 15 years and older. COMMENT: Inclusionary Mixed Income Zoning is the only government land use mechanism that will result in an actual and meaningful increase in the supply of all housing including affordable housing. Inclusionary Mixed Income Zoning requires all developments which include housing units to contemporaneously produce along with the higher income housing units a substantial portion (i.e., 20%) of all the housing units to be affordable for workforce, moderate and lower income families. Only Zoning for inclusionary developments will increase housing production and supply. Everything after Zoning is triaging the government restricted and limited supply of housing.