Exemptions from a rental cap in Ames IA normally wouldn't be a big concern for real estate professionals and investors around the country. But this is not your typical debate.
This past Friday (8/3) the city council voted one way and then changed its mind following another vote within the same session. As this story details, now that exemptions are in place, some local politicians and area attorneys are still reportedly seeking further clarification.
If the lawmakers aren't clear, how are landlords supposed to be?
What makes this more noteworthy for those of us around the country is that much of the controversy about this comes from rentals surrounding the college campus.
It is easy to see where all sides are coming from and why everyone has a valid point toward what they want.
How this plays out could be significant for other college towns....
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