From City of San Jose Director Housing Department

04/06/2020

Residential Landlords, Tenants, and Property Owners in...

I read a previous forum that was posted 6 years ago regarding being banned from the messaging system.

. - I would recommend holding off until after the ban is lifted., especially if this is your first deal.

and airbnb owners, Dallas county completely banned them.

One property owner in Berkeley,“a tenant threatened to withhold rent because of a new ban on evictions,” even though the renter is retired and saw no change in income. her tenant requested a 40 percent rent reduction despite making $172,000 a year at a major tech firm.

I am not saying I agree 100% with the ban on evictions but I think it is more complicated than you are considering.

My wife & I purchased our first rental in the Northeast Georgia area few months back and finally got it ready to list on Airbnb just as Georgia enacted a ban on Short Term rentals due to Covid. 

One of my favorite condo communities in the city last year voted to ban renting-out of the units. . . they are now an "owner only complex" . . . which dropped the market value of the units about 15% over a few months.

However, we also got a lot of interest for 20-30 day bookings from people who wanted to move out of NYC and "work-from-home" from our poconos houses.The county then issued a ban on STR in late march , so now we are on lockdown and the STRs are vacant.Thanks

I have a couple units we are turning over this month, and I was curious if anyone else is doing additional screening as you fill vacant units given the situation with eviction moratoriums. Some thoughts I had - maybe ...