In today’s episode Laci LeBlanc and I talk about The Landlord Registration and Licensing Ordinance 23-36 enacted by the City of Springfield Ohio on January 31, 2023.In this episode we discuss the ordinance, the process by which it is being enforced, and the legal basis for pushing back on this infringement of property rights and ultimately tenant rights.I have serious concerns about this ordinance both as a residential real estate investor in the city, and as a licensed real estate broker managing investment property on behalf of our owner clients.These types of initiatives are being enacted throughout Ohio and in other states as well. Whether you have investment property in the Springfield area or not, I think you will want to be aware of this trend across the country.
SHOW HIGHLIGHTS
- Laci and I discuss the Landlord Registration and Licensing Ordinance 23-36 enacted by the City of Springfield, Ohio, focusing on its implications for residential real estate investors.
- We share our experiences and conversations with local authorities regarding this ordinance, providing insights for investors to comply with it.
- We explore unique aspects of Springfield, including the absence of public municipal trash service and the controversial self-inspection ordinance for rental properties.
- We express our concerns about the self-inspection ordinance and how we've raised these issues with city officials.
- Laci and I about our commitment to maintaining safe and functional properties for our tenants and the potential for unknown issues to arise after the inspection.
- We question the constitutionality of an ordinance requiring property owners to obtain a certificate of compliance before renting out their properties.
- We discuss the balance between tenants' rights and property rights, and the potential impact on the real estate market.
- We highlight the need for unity among realtors in creating regulations that support a thriving real estate business in Springfield.
- We explore the process of creating ordinances and the importance of involving all relevant parties in the decision-making process.
- We encourage listeners to reach out with any questions and to participate in building a better real estate community in Springfield.
LINKS
Be a guest on the Landlord Profitability Playbook Podcast
Visit Rental Property Registration to access the registration page and self-inspection form.
TRANSCRIPT
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