s, first rent of the newly created unit must be equal to the combined rent of the two previous RS units..in addition, newly created unit will still be regulated, NYS senate just passed bill S2980C..Substantial rehab is the only remaining strategy, which is not cost effective in the current market

I'll certainly mention you and @Senate Eskridge during my call!

Senator Weinkowski has expressed desire to extend it as they do not want safe units to be removed from the market but so far I have not heard of anything getting approved. 

Hey - posting from Ottawa, Ontario.

Senate Bill 133 really limited what title co's could provide real estate agents, and while those limitations technically don't apply to investors, most title co's are only in the business of providing lists to agents, so for all practical purposes the lists are very limited.

As of June 5, 2024, AB 2216 has passed the Assembly and is now with the Senate Judiciary Committee.

It is my view, based on the rationale of the 15 year exclusion and based on what senator Weinkowski indicated, that it is an interpretation that does not match the intent of the law makers.  

From my limited political understanding, the House included 100% bonus in a bill from February but it is stuck in the Senate.

It is my belief that jurisdictions that are applying rent control to existing units that are over 15 years are mis applying the rule and I base my opinion on 1) what senator wienkowski has indicated 2) the rational of the 15 year exemption (to not discourage adding units).  

I know Senate Eskridge hosts a monthly meetup there you can find the Magic Valley Real Estate Investors on facebook.