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Updated about 8 years ago on . Most recent reply

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658
Posts
301
Votes
Ronald Perich
  • Investor
  • Granite City, IL
301
Votes |
658
Posts

Anybody care to weigh in on the Ferguson bill passed on 10/11?

Ronald Perich
  • Investor
  • Granite City, IL
Posted

Ferguson (yes that Ferguson) just passed their version of a crime-free ordinance. Some of the new rules include:

  • Continue to pay $50/yr for each rental property for a business "license"
  • That license could be revoked or suspended if a crime or ordinance violation is committed on or near the property by the resident or their guests.
  • Owners must undergo an eight-hour training course with police and fire department
  • Owners must update the property to make them safer and at less risk for crime.
  • All rental property owners must live within 50 miles of Ferguson or have a manager within 50 miles.
  • The license can be suspended if the utility bills for two or more months go unpaid or if the utilities are not turned on within two weeks of them being shut off.

Just curious what others think of these additional requirements. For more details, check out St Louis Post Dispatch

  • Ronald Perich
  • Most Popular Reply

    Account Closed
    • Insurance Agent
    123
    Votes |
    191
    Posts
    Account Closed
    • Insurance Agent
    Replied

    Florrisant does have a major problem with out of state investors buying and not maintaining section 8 housing. I believe this bill was meant to target those investors and not the honest landlord and I think that is evident in the amount of requirements that require the physical presence of the landlord. 

    That being said it does seem like they went a bit over the top. 

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