If you invest in Colorado, manage in Colorado or are considering investing in Colorado, you absolutely need to BE AWARE of the upcoming legislation some of which goes into effect TODAY!

My biggest fear is in relation to all the laws and regulations turning even more unfriendly for landlords recently and in the times to come...This is mainly the “okupation” legislation and rent control.... 

PA up until only very recently in mid-2022 passed favorable legislation so that a 1031 exchange could afford you tax deferral like in other states.

Today, I read an article in Curbed about the rise in these bonds and their adoption as a tool for making housing more affordable, especially in the more expensive cities where rent+deposit could run you from $3000-$4000 for even lower end apartments, effectively making it impossible for many renters to come up with the funds to sign a lease. https://www.curbed.com/2019/11/21/20976075/apartment-for-rent-tenant-security-deposit-insuranceAlso, politicos are jumping on this and addressing the potentially long delay in transitioning to this by sponsoring legislation that would make it mandatory for landlords to offer this choice, and to not exclude the bonds as an option.I'd prefer to steer clear of ideological opinion responses about big government vs socialism here - but I would like to hear your thoughts on the material ways that security bonds would affect us as landlords.

Caveat: many states are starting to pass legislation regarding lease provisions and what you can and cannot include in a lease agreement.

:) Here is the feedback we received:The lead clearance examination is all you would need to comply with lead safe legislation.

There will always be proponents on either side of the isle on this decision and the biggest issue are the hotel lobbies advocating for more regulation or less-- but having been part of the developers and investors with doors who fought against further restrictions the sentiment among colleagues this is a really solid landing pad of legislation we can build predictable business on for the foreseeable future because it limits the use based on the land itself/ or a public hearing to approve a Specific plan for a site not just any house in certain areas.. so It's just about having someone competent who knows the laws and knows the area to help guide you in that purchasing decision. 

There is legislation at the state level now that would reverse that and is the long term answer for getting folks hired.

However I think it’s best to have your lawyer draft something up that is specific to your style and your states legislation 

Saying this based on my 20+ years in taxation and 15+ years in software development prior to that.Well let me correct you on a few points:1) Haven't totally changed careers (at least not yet), at present I am primarily limited to addressing the US and foreign tax law consequences of cross border transfers of intellectual property in the context of merger and restructuring changes (mostly for Silicon Valley companies, but not exclusively).2) Never made the claim you suggest so you will need to take that straw man back to where you found it.3) Often during my time in the trenchs we had to come up with answers to questions pertaining to mere proposed legislation, and telling the client to wait a year until we figure it out was not an option.