Landlords in Harrisburg are speaking out after City Council unanimously passed new rental property laws.
Members of City Council say the new rental property laws are designed to improve neighborhoods by dealing with bad tenants, but landlords say the ultimate result of the new law may limit investment in the city.
Trevor Ladas is a new investor in the Harrisburg. He just bought his first rental property is would like to buy more. But a recent vote by city council has him thinking twice.
Tuesday night, council unanimously passed a new measure that would crack down on rental properties. The new law would allow the city to take immediate action against a tenant or landlord if there are just two reports of disruptive behavior at a property within a year. If the landlord does not remove the tenant in a given time period that property could be considered unfit to live in.
For Ladas, this is concerning. “It makes somebody very weary of buying more properties in the city or even keeping the properties that they have and putting money into them to keep the city going. It would make more investors look to spend it somewhere else or look to sell some of these properties.”
The local property owners association says renters already can't get people to move into the city with the current financial crisis, taxes and crime; now there are these new laws that will make it even more unattractive to invest in the city.
Members of City Council say the new rental property laws are designed to improve neighborhoods by dealing with bad tenants, but landlords say the ultimate result of the new law may limit investment in the city.
Trevor Ladas is a new investor in the Harrisburg. He just bought his first rental property is would like to buy more. But a recent vote by city council has him thinking twice.
Tuesday night, council unanimously passed a new measure that would crack down on rental properties. The new law would allow the city to take immediate action against a tenant or landlord if there are just two reports of disruptive behavior at a property within a year. If the landlord does not remove the tenant in a given time period that property could be considered unfit to live in.
For Ladas, this is concerning. “It makes somebody very weary of buying more properties in the city or even keeping the properties that they have and putting money into them to keep the city going. It would make more investors look to spend it somewhere else or look to sell some of these properties.”
The local property owners association says renters already can't get people to move into the city with the current financial crisis, taxes and crime; now there are these new laws that will make it even more unattractive to invest in the city.