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All Forum Posts by: Matthew K.

Matthew K. has started 3 posts and replied 36 times.

Post: Pittsburgh Legislation Discussion

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

To any landlord or property manager in Pittsburgh:  Please start attending these meetings.  

Post: Pittsburgh Legislation Discussion

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

@Miranda Micire - You now have my contact info.  Please let me know of any meeting which talks about landlords in Pittsburgh and we will match those 10.  This bill put and is continuing to put people out of business and we badly need help.  Below is the URL which the bill references for the homelessness people (of 248% increase) as a point of reference. 

http://www.alleghenycountyanal...

Post: Out-of-State Investor Newbie to the Pittsburgh

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

@David Coleman the short version is that if a tenant checks a checkbox saying that they have been effected by COVID, then they can stay in your place without paying as long as they want regardless of the terms of the lease. 

Post: Long Distance Buy and Hold | PA

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

@Gary Swank - Thanks for the feedback.  I hear what you are saying, but I am seing friends loose their homes becuse of this local law while others are selling since they dont want to deal with this any more.  I am surprised that our local government is choosing who fails and who survives too as I was in the understanding that the government should be helping those in need.  Below is one link from a quck search.  Feel free to reference any of the others at this point too. 

Again - Landlords within the city limits of Pittsburgh have some of the strongest laws being applied in the country at the moment.  We need help as organizations are failing here!  


https://finance.yahoo.com/news...

Post: Long Distance Buy and Hold | PA

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

@Gary Swank The city decided to create a legislation to handle it themselves and it is killing landlords and property managers.  The legislation goes well above the CDC memorandum to include holdover tenants with a huge fine if you find some way to get them out.  I can tell you personally that landlords are loosing their homes in Pittsburgh and apartment complexes are either looking to sell or are considering going out of business.  We need help and we need this law to change.  If you want proof of this, Pittsburgh just made the top 40 cities in the nation for active forclosures.  We need help, badly.  

Post: Long Distance Buy and Hold | PA

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

Pittsburgh (city) just swung badly in favor of the tenants with a no eviction policy, which includes holdover tenants and a $10,000 fine per eviction if you evict someone.  I would be careful if you invest there. 

Post: Out-of-State Investor Newbie to the Pittsburgh

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

Again, unless you are looking fof a $10,000 fine per eviction, I would stay away from Pittsburgh until the laws are changed.  Pittsburgh created a law making it illegal to evict a tenant and autorenews a nonpaying tenant.  Most of those areas above are still in the city limits.  

Post: Rental Investments in Pittsburgh, PA

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

Again, there is a $10,000 fine if you evict someone in the city, and the city is now auto-renewing leases for nonpaying tenants.  I would invest outside of the city propper or in another city until this bill is changed.  Most of those areas above are in the city.  

Post: Pittsburgh Legislation Discussion

Matthew K.Posted
  • Investor
  • Pittsburgh, PA
  • Posts 36
  • Votes 16

Hey Miranda,

Thanks for the conversations.  According to LinkedIn, it looks like your title is "Community Engagement Coordinator" of the city of Pittsburgh.  So far I have yet to see these meetings on the news but chose to speak up to my councilman on three occsssions after finding out that the city had rushed to push this bill through (as titled through the news).  Since you work for the city, perhaps you can assist with the matter.  MSNBC has identified Pittsburgh as being one of the top 40 cities with percentage of homes in active forclosure.  Forcing unpaying tenants to remain in homes seems like a way to have those numbers go up.  Does the city see a correlation between the two?  Second, the bill states that there is a 248% increase of homeless population during the early stage of the pandemic as referenced by thr Allegheny County data.  I am seeing that data say something different where the homelessness population is actually going DOWN over a 5 year period of time.  Would you mind referencing your source please so that we can all be on the same page please?  Third, as I already expreased to my ward, there are apartment associations which are in the process of going out of business or are in the process as a reault of this bill.  Please help us.  Fourth, I am investor who buys distressed properties and fixes them up and takes an active role in the community.  What is the pitch for continuing to buy, rehab and support apartment buildings in the city when unpaying tenants are now living in these buildings without recourse?  

I really appreciate you taking the time out to assist with this matter!