If more than a couple of these factors ring true for you, it may be time to consider selling your property and possibly make a 1031 exchange into a passive replacement property. FIVE SIGNS IT MAY BE TIME TO EXCHANGE YOUR RENTAL PROPERTY
If you feel like your state or local governments are adversarial to your interests as a rental housing provider, you are not alone. Click here to learn more about escaping your state’s regulatory battle against landlords. Your State/Local Landlord Regulations Have Become Intolerable
Oregon and California recently became the first two states to impose statewide rent-control legislation. Not only do these laws cap annual rent increases, but they also impose onerous requirements for removing tenants after 12 months of occupancy.
RECENTLY IMPOSED STATE/LOCAL REGULATIONS INCLUDE:
✓ Screening limitations or prohibitions ✓ Security deposit restrictions ✓ Seasonal eviction moratoriums
✓ Late-fee limitations ✓ Forced relocation assistance ✓ Complicated notice and eviction procedures
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