As concerns over rent price fixing continue to grow, it brings a new set of questions regarding future impact for landlords and real estate investors. If an investor sees that he/she/they cannot increase rents in years to come in a certain area, that investor may simply decide to buy elsewhere, while potential sellers may be left hanging.
Decisions like this can be crucial to long-term success, and are another reason why you need to perform research about more than the numbers when considering the purchase or sale of an investment property.
Keeping up with municipal zoning changes and proposals is quickly becoming part of the plan. Attending zoning meetings, whether you participate or not, can be a way to access information before others do which could impact or help control an important decision you need to make.
Some people will see the below linked story and think "It's New York, so it does not impact (your city)." They need to know that New York is not the only place considering this type of action. As the song says, you got to know when to hold 'em, know when to fold 'em.
My team and I are ready to either perform important research on your behalf, or coach you on the best methods for you and your team to implement. Let's connect!
https://citylimits.org/2025/01/14/hochul-looks-to-ban-algorithm-based-rent-price-fixing-in-new-york/
Posts
No comments:
Post a Comment