Financial institutions have long looked at the money that comes from RE transactions and feel that they don't make enough of it and have made attempts via legislation to move into the domain of Realtors but the NAR has successfully lobbied to stop them.

It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH.Not to mention the upcoming legislation on the November ballot that can really hinder your returns from rental properties.

This is not a criminal ruling nor is it a legislative order changing any laws.

They are considering the legislation and making a decision this week on whether or not to pass it to the next round.

Last year it made it through one chamber of CA legislation before getting shelved.  

For those of you who enjoy reading court decisions here's one from NJ on a claim of unjust enrichment I found interesting.  Adar Aleph, LLC v. TDJP Props., No. A-1727-22 | Casetext Search + Citator

All must be present to win except in some areas of special legislation bypassing some of these portions. 

Not to mention the fact that there is a piece of legislation set to be on the November ballot that can really hinder a landlord's ability to maximize profits with new tenants.

Yes, we can all agree there’s historic vacation communities where STRs have an informal historic precedent or maintain a supply/demand advantage that makes regulation unattractive to local municipalities, but there’s plenty of others where the investors have overbought, managed properties poorly, and are now part of a perception problem that’s driving bad legislation atop stupid headlines of irresponsible investors who think they’re operating in an ATM industry versus hospitality. 

The 2024 legislative session just ended with nothing.