Realize Property Management Group

We've been following some local policy changes very closely and wanted to let you know we're on the verge of some landmark changes that will directly impact how you operate your rental business in Columbus...here are the current policy changes you may see very soon;

Wholesaler Regulation - Passage TBD
This legislation would create licensed regulations similar to that of a realtor to prevent predatory practices.

Pay to Stay - Passage TBD
This legislation would allow residents time to secure rental assistance dollars up until a court judgment.

Legal Representation at Eviction Court - Passage TBD
In 2022, Council legislated $1.5M to create a more robust legal representation team at eviction court. Currently the demand for representation exceeds the supply of legal aid attorneys. This initiative will fund an additional year of work.

Third Party Payments - Passage TBD
Legislation would require landlords to accept a third-party payment on behalf of a tenant if that tenant is not in breach of their rental agreement.

Rent Increase Notification - Passage TBD
Legislation would require that tenants receive at least a 180-day notice of monthly price increase upon lease renewal.

Columbus Rental Registry - Passage TBD
A Rental Registration Program will protect the wellbeing of our residents and encourage both owners and occupants to maintain and improve the quality of rental housing. With the collection of a rental registration fee, millions of dollars will be generated and used for rental assistance, thus providing an “insurance policy” for landlords.

Office of Fair Housing - Passage TBD
Legislation would create a robust fair housing office to hold landlords/property owners accountable and to protect the rights of tenants.

And my personal favorite...not really

Deposit Payment Options
Proposed legislation would provide options for tenants to pay their deposit all at once, or in 2-3 installments.

In fiscal year 2022, HUD and its Fair Housing Assistance Program partner agencies received more than 11,000 complaints alleging discrimination based on one or more of the Fair Housing Act's seven protected classes: race, color, national origin, religion, s*x (including s*xual orientation and gender identity), disability, and familial status.

HUD Commemorates National Fair Housing Month 2023 and the 55th Anniversary of the Signing of the Fair Housing Act HUD No. 23-069 HUD Public Affairs (202) 708-0685 FOR RELEASE Monday April 3, 2023 HUD Commemorates National Fair Housing Month 2023 and the 55th Anniversary of the Signing of the Fair Housing Act WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing M...

New Proposal from NRI Tops Busy Downtown Commission Agenda - Columbus Underground At its February 28 meeting, the Downtown Commission is scheduled to weigh in on four different development proposals containing a total of 442 residential units. Three of the projects have either been previously announced or heard by the board before, but one is new – a plan from Nationwide Realty...