All Forum Posts by: Barry Gazzard

These type of draconian anti-free market laws result in one of only two outcomes: (1) Higher Rents For Tenants to compensate Landlords for the higher costs of doing business, or (2) Mass Exit by Landlords from the Landlording Businesses. Either way, the people who will suffer the most in the long-run will be the tenants who cannot afford, or simply cannot find, rentable accommodation. Often in these situations, welfare oriented governments will then try and step-in with public housing programs and become the defacto landlord for these otherwise homeless tenants. As rents go unpaid, or public funding runs low (as there is no one to pay the property taxes), this invariably leads to slum-like, crime ridden housing estates, much like happened in the UK in the late 1960's and 1970's, before Margaret Thatcher began selling off these 'Council Houses' to private owners and investors. I doubt however that this leftist type of legislation will pass the US Senate while it remains under a Republican majority. Still similar measures may or have already passed in some Democrat controlled cities, counties and states, so I would suggest that investors start divesting from those ASAP. Remember if such measures do or have become law already in such jurisdictions, it may already too late to cash-out and secure a decent sales price for such properties. Rest on your laurels on this matter at your own risk.

Thanks Michael Sato and Dave Visaya. Looking forward to contributing towards the community and benefitting from it as well.

I have been involved in Real Estate since 1984, and have bought and sold real estate  in South Africa, the United Kingdom, Spain, Florida and Georgia. I have been living in Cobb County Georgia since 2003, and am a licensed Real Estate Broker in both GA and FL. My focus is on Luxury Properties, Golf Course Subdivisions, 55+ Active Adult Communities and of course investing with both rehab and flip, as well as rehab and hold strategies. I also works with a number of local and foreign investors and assist them with the acquisition, renovation, and leasing or disposition of properties for above average returns.