Columbus OH City Council considers limiting Security deposit

[Michael K Gallagher]

Just a heads up to all those investors in Columbus OH, if you do not already know there is a measure going to city council that there was a community meeting on last night.  The basics of the measure are as follows...

- Landlords will not be able to denny tenants for source of income, so you will be required to accept Section 8, Social Security Etc.

- Landlord will be able to deny them for amount of income, so income multiple may still be used to weed out tenants.  

- There will be a limit on security deposit equal to 1/2 of a months rent.

I'll be calling city council today to express my opinion on the matter, and I encourage any other Cbus Landlords and investors to do the same.  This is one of the best investment cities in the country in my humble opinion and the lawmakers need to hear from the people doing this day in and day out to keep it that way.

Cheers, 

[Alex Heidenreich]

1/2 a months rent?? Do these people have any idea how much even small repair jobs cost?