9 Burst results for "Northern Kentucky Apartment Association"

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

03:31 min | 1 year ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"But in maybe if you're attending to is it easier to work with the mom and pop or a bigger company and you know the bigger ones that don't literally thousands of properties to manage properties. Little. It's usually easier once in a sense to work with mom and pop, because companies typically gonna have imagined team off when you run out of chain of command, get a process of vs. You know, Mom public, okay, I could make the decision cause I'm the owner of it and great. You need some help on this. I understand, you know, let's work through this on and that's really where we're at. As far as you know, with the pandemic with people who are you know, either, you know, trying to reside in place or have lost their housing. We've gotta work together on this and you know you gotta communicate. That's an absolutely essential aspect to it so encouraged the property owners and the residents to make sure communicating one of things that's out there right now. We have it on our apartment Association website is the application under our covert resource is people can go there and look at it and pull it down. Fill it out. It's the application to get funds again. The cares funds had been set to expire at the end of December. Those air now set to expended they were extended to December. Of 2021. So there's time to fuse those funds. There's still some available community action agency Jfs. They have fun. Save Mrs Paulson, these different agencies that are out there, you know, Apply. Get the funds get in line for him. If nothing else has put you in mind for the fund that come out in February, and maybe even more funds coming out after that, so That that's best encouraging. We can give people got it. Charlie Tassel with the greater Cincinnati Northern Kentucky apartment Association. Appreciate the time, buddy. Thanks. Be well. All right. There you go. Yeah, Yeah. Typically, that's how it is in Cincinnati, and so we got a lot more mom and pops here. I mean, I'm part of that, too, as well. Very small, But, um, you know, tend to know the residents and take care of what stuff breaks get it fixed. You know, I would make sure that Would take care if I were living there the same way and we expect tenants to do that. But, you know, part of bigger company. It's a little hard to the have that hands on kind of thing. But the fact the matter remains. Regardless, $70 billion is what's owed in back rent nationally. How is that sustainable? You know, we're talking about rental assistance and relief and all the stuff. Um And, you know, just delaying the inevitable here now. Yeah, I guess if there's you know, they weren't about worry about in elections and I'm sorry. Conviction Tsunami, right Where? Hey, If we let this expire, we're gonna have all these people. There's lot experts say what? We probably won't see that what you'll see certainly is a spike because what happens is once the I guess A green flag goes up goes down and you know you're gonna have to pick people from on payment. Yeah, there's gonna be a spike in there, too, because there's And people for well since March, almost a year now that head eviction hanging over their head, and certainly that's going to happen, but it's it's I think it's gonna be kind of just a statistical blip because it's a backup, right? It's like it's like the The toothpaste tube jammed up at the top. He cleaned up comes out. You're probably gonna have that for a while. But, um, you know, something's clearly got to be done. So I like the idea that there's going to be relief for landlords here for small mom and pop and I know a bunch of them myself included someone Some people I know are like my God, we're literally Um, it's hand mouth right now, because so many of our tenants are in default. We have no recourse because we have two Peller Bill, So that's some good news coming out there soon. Hopefully anyway, let me get a time out in. We'll return to Uncle Covert stuff can bruise on the whale toad he has coming up on the snowy Thursday. Marcela a soon to be Thursday morning. Starting tomorrow because today is Wednesday. See, that's how it works it Wednesday Thursday. I think there's a rumor going around the day after that Friday, I could be wrong..

Cincinnati Mrs Paulson apartment Association Charlie Tassel Kentucky apartment Association Marcela
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

05:16 min | 1 year ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"That's green tea. 202 100 don't want to be in a mag Canady. I'm Scott's love. This is 700 wlw. So with one third arm or of adults, and actually, it was a little higher in Ohio. Saying they face eviction or foreclosures. The feds of extended a national ban on evictions for those who lost her job due to the pandemic, and that is now extended through the end of March. I think is the 4th 5th or sixth time we've extended that deadline. President Biden wants to even extend that yet again through September, and that proposal would include 30 Billion and rental assistance on top of the 25 billion. It was included in the stimulus. The Congress passed back in December. The question is, then you know how much longer can you live without paying your rent in this case or mortgage? Maybe, but generally rent. On Beer's gonna be trickle down effect here, too, Because if you can't pay, then what about the person who holds the note on that particular building where you live, or the individual makes his or her living by running out properties, Charlie tassels with the Greater Cincinnati Northern Kentucky apartment Association. To talk about this, son. This snowy Wednesday mornings, Charlie, How are you? How you been, man? Great. Great. Great. How you doing? I'm doing fine. All right, so we're night another 56 time. We've extended this thing since what march of last year were kind of in a full year of not have not being evicted because you can't afford to pay. You're right, which I get right is it's a sense of fairness. There. I lost my job, or I can't work because of co vid. Um, I you know, should should I be homeless, and that just adds to the covert problems as the homelessness problem. Nobody wants that. But Are what we're doing right now, is that Is this the smart, prudent thing to do? Well, you know it. Z overall reaction of well, it was done in September Health Administration came out and said, We're gonna put the CDC in charge of this in August and September. They came out said We're doing addiction moratorium. If you can't pay because of covert, you have a couple requirements. Once you have to solve this declaration, it says, Look, I can't pay here's Why can't pay or I can't paint as much as I was able to pay, But here's what I can pay. And then there's the onus is on the resident to go seek federal health and federal funds. So for the first several months, I was trying to figure out okay. Does that mean I can't do any affection? All what can idea what kind Not do and It's been determined and the CDC came out with a fake use on it and said, Look, you can go forward with evictions. If somebody's not responding, and that means even so, even if they give you a declaration You can move forward the infection, but it actually doesn't they don't get evicted. The actual physical set out doesn't occur until after the moratorium would expire. And what's happened now is judges and start to say, Wait a second. There's also requirement here that says that you are supposed to as a resident, go out and seek funds. And if you have funds to pay You should be making some payments. So you know, let's face the housing, food or top priorities. So if you're paying for cable TV and other things, but not paying your rent, you're really not making it a priority. So judges have started say, Yeah, You're not putting the full effort into this. You're not doing your part. So we are gonna move forward the eviction anyways. Okay. But then, of course it takes resource is to go to court to be able to do that. You're talking about legal fees. You're talking about more time and more effort on you. And it's not just one tenant. It's probably multiple tenants to and then you multiply that cost and you go hey, isn't even worth it. Yes, well, you have to go. So we've done some, um, surveys across the membership, and we start talking about small mom and pop voters. But folks who have you know a couple units, they run out the house that they used to live in that maybe bought another one or a duplex or something. Those folks are the ones they're hurting the most. They're usually not as well capitalized on some of the larger companies and what's happening is they get a couple people who don't pay and now they're talking 30 40 50% of their incomes not coming in, or I should say revenue. And at that point they're trying to cover up their own pocket. They only do that for so long. 30% of those have told us they've got about six months and they go under. And that that he's about destabilizing the whole rental market. Plus, it takes away those air typically more affordable properties more affordable units. And it's going to eliminate that affordable aspect and after option for people Charlie. When you talk about this in that regard him it. You know, it's easy to vilify the big companies and and that's what's going out, right. I mean, a lot of big companies and well capitalized companies or swallowing up all this real estate Cincinnati across the country. That's part of it, and you go well over there. You know, they got a $3 billion portfolio, and Reynolds. They've got all this got all this money. It's like, well they can afford. But that's is that typical of who owns real, who is real estate in Cincinnati's at Mom and pop is a big companies. What's the distribution of So it's It's nice, interesting. We have a lot of homegrown ownership here. So even some your larger companies. I'm name names of everybody out there. But a lot of larger companies are home grown so they may have to 3000 apartment units that they own in this area. But they live here. They reside here. I'll use one of the example. Harry Fast is well known. Or donating a million dollars to the opera. I mean, he's done..

Charlie Cincinnati CDC Greater Cincinnati Northern Ke Ohio President Biden Scott Congress Harry Fast Reynolds
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

04:01 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"So the northern Kentucky apartment Association and three apartment owners in Kentucky are asking the court to declare governor Bashir's orders on unconstitutional. This isn't a mask thing. This is just Opening or coming up with a mechanism so that people who should be evicted in camp and Ken Campbell and Boone County's that there's a vehicle to be able to get rid of them. And joining me on the show is Jesse Brewer, who is a Boone County commissioner. Jesse Good Morning. How are you? Good morning. How are you? I'm fine. Yeah, And I got a beer, Not a mustache. Just clarify, Get gonna bear down on us. So Jesse, the executive order that was issued, I think back in May by Governor Bashir. It says it If you're a non paying tenant, you have to prove that you're impacted by covert 19. But what that does is I mean, how everyone's impacted by covert 19 right? Gotta wear a mask or whatever it might be, is now the burden of proof is back on instead of the it's the landlord's burden approved Now, if you're saying well You got your impacted by covert 19? What Actually does that mean? You could make up any reason or cause to say that I'm impacted and I can't pay you when In fact, the landlord or whomever may know that you have the means to be able to pay your just not doing it. We're uploading that question, but take a step further. The certain court in Kentucky who handle the processing of the court in the eviction can't even accept the violence. So it's not even happen to come into the court and say I'm impacted by covered 19 because we can't even get in the court to get that far. And that's the argument because a judge will decide whether or not that person is truthful on DH. There's a mechanism for the redress of grievances which I think is in the Constitution and it it and this is about a due process. You know, all other ports are open. You know if I have a tenant, parent up the property and smashing holes in the windows, I fell on affidavit. I can take them to court. Um, if I have a hold over Tennessee, where they just won't move out the least expired. I can take them to court. But I can't take him to court if they're not paying And it doesn't make sense because you know, at least if you look around other courts are open. Certainly if you commit a crime in Boone County, Campbell County, Canton County, you will appear in court. Go before a judge or magistrate in orderto have your sight heard and charges we have a We have a vehicle for that. Why would this case Why would the Circuit Corp any different? That's our question, and we've been asking. We're like all other courts are open for all other venues of business. We're not unreasonable here. A lot of landlord's being a landlord myself. You know, the 1st 30 days that everything was unknown in that happening didn't like it. But okay. Today's kind of a stretch, But now here we are, we kind of know what we're dealing with. We know what's going on the federal unemployment. You know, there's a lot of folks seen. You've seen the articles, not talking about it. They're making more money to stay home. With the federal one kicker, and there is not enough to pay the rent and it's not a lot of people. I want to make sure I clarified that this is you know, there's a lot of initiative comes over to us and other landlords I know and pickets, pigeons. I've talked to that in rental property. Hey, Hey, I'm for unemployment. Can you work things out with us and landlords are more than happy to do that, Um, you know, also seeing K with another order, some part of the farm association. There's an outreach program. I'm not sure if you know about this, but you know our members do fund raising and we funded about $90,000 cloning $90,000 that we given one time rental assistance grants. You know so people that are impacted that can't pay the rent. You know they've got other avenues, churches and other non profit while the apartment association It is also a Zanon profit farm that they could go in a plush rental system trump, right, But we're not trying to be bad guys hear those few that are taking the Vega system..

Boone County Governor Bashir Kentucky Ken Campbell Kentucky apartment Association Jesse Good Jesse Brewer Jesse Um commissioner Campbell County Tennessee Circuit Corp orderto farm association Canton County executive
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:41 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"Starting to fill up now approaching the state line to pass the brook there likes it due to construction there. Rob Williams News Radio 700 WLW. Now ladies forecast from a train heating and cooling Weather Center on news Radio 700 wlw. Here we head into the peak heat of the day. Our high of 93 will feel like 100 degrees and pop ups are expected on the radar this afternoon, but some will stay dry. Tonight. Partly cloudy down 73 tomorrow right back to 93 with pop up storms in the afternoon from your secure weather station. I'm nine first warning meteorologist Jennifer Ketchmark, whose radio 700 wlw 93 degrees right now an attorney for the Greater Cincinnati and Northern Kentucky apartment association. Says that in moratorium on evictions, and Kentucky is too vague and is being abused. Chris Weist is now suing Tio end at that moratorium so landlords can remove people who have not been keeping up with paying rent during the pandemic, Wise telling Channel nine. That's some landlords have reported tenants using their stimulus checks on new TVs. Instead of paying rent. A moratorium is scheduled to end this month. It could be extended, though to October today, the U. S. Supreme Court ruled that religious groups are exempt from Obamacare mandates on contraceptive health coverage. The 72 opinion upholds the Trump Administration's challenge on whether an organization that raises moral or religious objections to providing contraceptive coverage under the affordable Care act can be exempt. The opinion was written by Justice Clarence Thomas, joined by Chief Justice John Roberts, Samuel Alito, Neil Gorsuch and Brett Kavanaugh. House Speaker Nancy Pelosi is responding, saying it's a brutal assault on women's health, financial, security and independence. The case of Trump the Pennsylvania and a related one Little Sisters of the Poor versus Pennsylvania,.

WLW Justice Clarence Thomas Trump Administration Rob Williams Pennsylvania Chris Weist Weather Center Kentucky Northern Kentucky apartment as Chief Justice John Roberts U. S. Supreme Court Nancy Pelosi Brett Kavanaugh Samuel Alito Jennifer Ketchmark Cincinnati assault Neil Gorsuch
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:56 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"Not about catching people. They just want people to be more cautious about their surroundings. When they are out in public. We no, we will not have 100% compliance. Just like a seat belt law doesn't have 100% compliance. The goal with this masking mandate is to get people to care about one another to help our community stop the spread of Cove in 19 and protect the lives of those in Hamilton County again. Tonight's mandate starts at six o'clock, now the latest traffic and weather together. From the UC Help traffic center. Your actions could help save limes. Please help prevent the spread of covert 19 by wearing a mask, practicing social distancing and washing your hands. Often 75 continues to struggle through the construction zone. In the cut of the hill, north bound the brake lights started just after you get pants. Buttermilk Pike South bound just after you come off of the Brents fans Bridge Chuck Ingram News Radio 700 Now the lady's forecast from the train heating and cooling Weather Center on news radio 700 wlw another hot and humid day in the tri state. We will see some pop up afternoon showers and storms with a high of 93. We'll see a few clouds tonight Your load down to 72 partly cloudy again Tomorrow chance for rain hot, humid high of 93. 82 degrees right now An attorney for the Greater Cincinnati and Northern Kentucky apartment association, says that the Kentucky governors moratorium on evictions in the Commonwealth is too vague and it is being abused by certain tenants. Chris Weiss has filed a lawsuit toe end at that moratorium so landlords could start the process of removing tenants. You've not been keeping up with paying their rent during the pandemic, Wise, telling Channel nine that some landlords have reported tenancy using their stimulus checks on things like new TVs instead of paying them. Moratorium is scheduled to end later this month, but it could be extended to October. Meanwhile,.

Northern Kentucky apartment as Hamilton County Buttermilk Pike South Weather Center Chuck Ingram Chris Weiss Kentucky Wise Cincinnati attorney
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

07:20 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"Bank came are you a student services there's a bunch of groups like that that we work with people and actually know what Islam is actually telling the truth that there's a problem or distrust him so yeah so Charlie castle from the greater Cincinnati northern apartment association another Kentucky Bourbon situation yesterday after payroll clerk of courts open up this I think at the justice center to depiction help center where you get the landlord and tenant together to kind of work things out because our thousand plus cases have been backlog because the court's been shut down after co but it's finally open back up after a landlord sued saying Hey listen I got tenants are squatting at this point you know I did these I don't know if you have the numbers on the thousand but how many people are are are not only not paying rent for let's say March and April the covert months but how many people are in arrears for February before coveted I'll have to defer to the click on the numbers for that but I would suggest you a majority of those numbers are actually from the for closure so this is the new with Calvin it's a reflective does the bulk of those are not related those are the eviction process of somebody that is the problem you get the courts are shut down which I'm sure every you know government bureaucrat when they're taking their paycheck one person home doing nothing and the court to shut down but the simple fact is when when the issue courts are closed to get residents to come in and say we have this multiple times and her from multiple owners that your residence is the I'm not paying you know what and I'm not following any order so harass my neighbor there's domestic violence issues going on there's drug issues I can't get them evicted poor neighbor has to put up with them and it it's it's a worldwide community makes a neighbor wanna move to acolyte and then what happens you're not destroying properties in communities because the bad apple that getting there you can get rid of all that that they may know that we utilize that to say hello nothing you can do to make that's what we have to do this course opens just having that available tool actually put people more in line yeah it is said that people are going to take advantage of the situation of course is it's it's portrayed by Aftab Pureval is everyone who is doing this is a victim I don't know a landlord in and including myself or others because they're saying Hey the landlord and the tenant can sit down and we'll we'll intervene here at the addiction help center you can already do that if you just call your landlord to say Hey you know I'm having some problems cast with the and like I said I've done in the past before I get it especially living on the margins you know and if people think I think I don't know if the the clerk of courts and suspended a lot of people on that side think that you know you're you're some evil guy wearing expensive suits twirling your mustache that somehow you make money off of every eviction that I make more money after I think you know I got to pay a lawyer I got a clean the apartment retained put stuff back together I got to advertise I gotta wait maybe a month so I can run it back out again no one's making money off of veterans I don't have no idea why you would think that that that is such a thing right and Matthew Desmond's book which is called the victim and the reality is it should be called addicted because every story in there he does talk about somebody who instead of doing the rounds responsible thing hanging around actually getting food for the kids taking care of things go about building a strong persons on drugs with over forty north the whole part of it and talk to her property owners or somehow you know going in there in these these we capitalised on making money off the house is like what you mentioned this is the fastest way to lose the property because you're going under the wrong your referees come not going it and typically with the millions they don't they don't clean up the house real nice no damage on the what the hell out of it so I got to rebuild the whole thing right back out repeat the cycle again lose money and if you're charging yall five six seven eight hundred dollars a month you know the cost of yeah because to put a new toilet is gonna cost me a couple hundred dollars to six or even more so you know new plumbing painting patching and repairing new carpeting at I'm losing money on that deal this is it's it's just it's irresponsible but and certainly there are people who fall on hard times and and I know you're you're a good man Charlie I like to think I am and if that's you I want to work with you but I I don't want to get to the point where it's got to be an eviction or nothing because you don't want to talk to your barrister are just simply going Hey listen you know what courts are closed I don't have to pay you good luck that's that's not how the system should work exactly that was you know our best manufacture's recommendation from the very beginning from the middle of March was a breach of the property on which option residents and have the every popular should send letters out to Hey contact me let me know what's going on it took over the reason that if you know you've got a four family and two people are gonna build a pay you need to reach out to you your bank and say Hey look out they might be tied to this year this month but we're we're we have and see what you can work out you gotta figure out the financial flows well hadn't communication lines open is critical now if there's one coming in and I don't put the city state funds internal systems regulations program at the replication with the outreach program does for association it's great and those are great ways to do it but making sure you're actually reaching the people who actually need the new diversity to help thanks Charlie castle from the greater Cincinnati northern Kentucky apartment association clerk of courts Aftab of all with a a vixen helpcenter program right now is this something that's needed I mean how does the system work or is it just one of those things to make it look like we're solving a problem that we're really not solving well I'm sure there will be some people who are actually need to get down there the best thing any resident can do is reach out to the property owner immediately and figure out how to solve the problem and if that means reaching out you know you need some solutions on the partner's assertion website we actually have some of the resources that are out there including the clerks that Sir because of the response here in person legal help if they need help great that is fine everybody should have access to legal help as well the financial help especially those who are struggling let me talk about being a single mom with your job or the fact that the kids were stuck at home so she had to quit her job because the kids you know happen as well so those are kind of that you know if there's a way to help those who want to do that that stabilizer to stabilize families and it's good for everyone yeah and I think that's most landlords believe that too so yeah our **** one with the program was in okay if you need that kind of help it's therefore that's not necessarily a bad thing one of the things it was taboo we need this is because in Cincinnati addiction rate is twice the national average can that be right it can be but let's also understand that we have twice the rental rate and only the city of Cincinnati so you know which of those are you know the whole book how to lie with statistics the great books so it's very small but it was going to suggest express numbers just you know trademark the group but I want to measure and I keep my statistics to say whatever I want so when you take the region as a whole consistent with the national so what you're saying is that there twice okay we have twice the twice the rate of national average twenty vixen right because we have twice the number right or so per capita how we're doing on Capitol were great we're we're right one but everybody else that's in the hole in the whole region now you started all the numbers even out of it because you don't.

Cincinnati Kentucky
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

11:54 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"That two hundred two hundred and the city of Cincinnati have half the new order this is P. G. C. L. steel called renters choice in so here's the problem or at least the perceived problem is if you are of little little means right you're low income individual and you're looking to get a place so you got to come up with and we've done this before if you rent apartments now you don't I'm talking about in the past when I was a renter you'd have to come up that security deposit you gotta come up the first month's rent and that is a big chunk of change right and so for a lot of people today it's a real barrier to get into affordable housing to get into a place because you don't have that cash up front I think majority an overwhelming majority of Americans have less than five hundred dollars and and so that's that's telling right for whatever reason they got there well that's a different topic entirely but it's it's a real issue so you sent all double his proposal called renters choice it's gonna make it easier for people to get into housing and in one of three different ways and we'll get to that now is Charlie tassel he's with the greater Cincinnati northern Kentucky apartment association including centers dot com hotline Charlie good morning how are you what are you doing everything's well so this is something that in to his credit he came up with I remember having you want back when it was first proposed I think in the fall and there is outrage the gnashing of teeth and and I. T. G. on pieces of calm down we're just talking this thing through and so it's gone through a bunch of different reincarnations here something for taking out something to put in in in eventually came up with something that I guess is I don't know how palpable this is but you as representing as the voice of the landlords association essentially for northern Kentucky in greater Cincinnati what where are we on this thing is it is does this make sense I mean I want to help people get get in the places I think you do too you have a kind heart as well and I want to see anyone not be able to for this as a landlord like I get this I see the side of it so take me through where we are in this and if this is good legislation or not well it's it's a mixed bag and I'll give it to his credit he he now he collaborated work with us on two different aspects of it the first piece that came out the first iteration was literally a mandate for basically one insurance company to have monopoly as an alternative and that was that was modified the changed and so it looks you know I think the the focus was affordable housing or access to housing in we all agree that the former housing safe you know quality affordable housing is good for everyone that's that's good we also to recognize that in this area we have some most affordable housing in the country so what's you know understand purple perspective we're not talking about the east coast where you know it's a three thousand dollar one bad and it's three thousand dollar you know security deposit welcome in this area the market as actually posted to the fathers to run two hundred fifty dollars yeah well we didn't see it in in in perspective is you have you been in Cincinnati while and and I'll be the real estate game Charlie on the real estate game is that we're not in the bubble what when it when the eight housing bubble burst it certainly hit Cincinnati there's no doubt about it and it hurt a lot of people but it was nothing like the closest nothing like what happened in California Nevada Florida elsewhere we saw the markets come tumbling down I hear the bubble burst but it wasn't an explosion it was a pop a in the same is true I mean typically you're not talking about two or three thousand dollars out of pocket for first month last month the security deposit that kind of thing you're talking a neighborhood of what maybe to three hundred to five hundred dollars which is you know for for people that that's that's a lot of money I will diminish that but the the renters choice proposal has three options let's go through this so you may not be a renter or a landlord but it yeah I think it's an interesting perspective for you to do on if this is a solution in search of a problem and that is number one as yeah I'm sorry that we were witnesses afterwards yeah this is this is a solution out there that we don't see the problem because typically once you approve somebody as a resident and you working on getting a man do you work to get the men because if you don't have any business this is no I don't want business right right right so there's a there's an incentive there for property owners to get residents to work with so that's already been occurring that occurs across the board yeah its its market to play right because if I'm a landlord and I let's say I have a property of a door that's vacant how picky can you be because every month every first a month the rolls around guess what that that several hundred dollars you're not going your pocket you still have to pay property taxes you still got to pay upkeep you got to pay all of those things and you're the business of making money not losing money at some point you go Hey you know what maybe I price it too high it's not like selling a house where all right it's vacant for maybe a month to month three months or whatever and then your realtor says they need to lower the price because you're over price for the neighborhood and then ultimately people come around because they're paying mortgage on a house that they they're not living and I paint to market is so you're squeezed the same things happening with writers if your landlord is you've got to get those properties turned around quick fast in a hurry because you're losing money if you don't so that's why I say this is more of a solution in search of problem but let's talk about ready for us real quick I I'm sorry make a point I want to that that that so that the walking through the pieces if you want to charge a full security deposit right then you have to offer an alternative as a property were you get to choose which alternative you want to provide you want to provide installment process which is spelled out in the law as for six months four you have to offer some sort of alternative which is whether it's an insurance a bond actually by some sort of other pain and not smart enough the difficulty is would you mandate that from a government perspective there are many some property owners that raise their standards so you know what I'm going to be a little more protective of my assets yeah so therefore I'm gonna make a little harder for some people get it and on the margins that are not real axis of houses in that middle support and so that's that's one of the the consequences that does affect people that's that's real right because you know your your object is a business owners to make money and if you can target somebody who's Lamar middle income and steady you're gonna want that steady income I have I have a mix of different ones and and mine yeah on the the the properties that we were at and yeah I've got some upper and once I guess and and does seem to be the easier ones in the the lower price one there's a lot of turnover and stuff so I I mean I get I I see both ends of salt let's go to the register to the three options here that is number one is here the three choices you have is a rental security deposit insurance so this is bought through a third party in sharing correct how's it hot so how does that work what what has it so there are multiple companies out there on that qualified for how regulations written now and that to me just say that there are multiple companies now we're doing it was isolated and lonely pretty much one company would qualify maybe two now it's a much broader process and is longer good standing with department of insurance and the part of the the property owner the work with property under the popular to choose them and say okay resident you're coming in the thousand thousand dollars five hundred dollars to thirty dollars you want to pay this or do you want to pay you go through this process and the problem that we have is the concerns some of these insurance alternatives they're not insurance in the sense of what you think which is like if I pay my insurance for my auto I get an accident the insurance pays them what happens with these this storm charge ten dollars a month as a renter one of the pay that up front fees I pay that fee every month until I move out when I move out if there are any damages the property owner businesses because the insurance companies that you're much here's how much the damages are up to whatever the screen on the loss of the four hundred dollars of the five hundred give them some prepaid that preorder centers on those back to the person's been paying them for the past five years this is you almost four hundred dollars well that's another security deposits right now more cashiers know grown out of pockets so all you're doing is taking advantage of the little guy even more that you're trying to protect but that's for the over okay that that makes sense so they would go after that good because it is on like well wait a minute now it if I'm paying ten dollars a month for let's say a five hundred dollars security deposit first and last month secured and I'm I or if I lived there three months that's thirty dollars before I move or get kicked out whatever hi how the hell does insurance company make any money off that because if I if if you think insurance company gave the landlord five in a box and now the tennis baby back thirty and they're gone I've just I've lost my investment there that doesn't make sense about four hundred seventy Bucks but you're telling me that then they go after the tenant in and take them to court or whatever and try to get that blood out of a stone which generally is not going to happen I did it seems like a silly model of your the insurance company is a high risk modeler it is but you you know when you start putting high fees and high interest rates on that and you know people get trapped in this you know so so as to try and save the little guy who probably wasn't being jeopardize all that much by landlords in Cincinnati is it was a piece he he's come in now and and made even more vulnerable to people is try to protect that kind of your site well that's not our concern and it depends on the company that the popular shoot so again on the I get the property was taken care of yeah yeah I mean I mean I made a whole but I don't understand how this is good for the little guy we're trying to protect the goods at the little guy I don't know it's a third three months it loses a job right I mean to working guy no working guys and he's out there is making this okay five Bucks a month that's all any good okay I guess what the economy goes south to lose my job three four months I'm out I I know half that I now have to pay back the insurance company and I got to come up with first month last month for the next place I'm living in and what which is that I don't probably gonna be lower cost a I would think this is contribute to that overall debt and maybe that burden homelessness I I don't understand how this actually helps the situation it sounds like Charlie it may make it worse two two alternate points okay what else we got here if if a property owner only charges fifty percent security posture last then that ought to put up with the nonsense of complying with making sure that some alternative an awfully at the right time and in dealing with any other all you gotta do is be fifty percent or less right other monthly rent okay stepped up the first election all right so it's got us in a security deposit limits so if the N. S. I guess if you want your money up front you can't pay than what you say more than half of the first month's rent so if it were five hundred dollars up front you pay more than two fifty correct all right so what happens then let's say that that person beats the hell of your place well at that point you're you're back to whether even close to five hundred are secure deposit let's face we've all had residents who will do two three four thousand dollars worth of damage expression if you've got a larger asset and the reality is popular you're trying to cover an asset that maybe you know when you start thinking about apartment building or for you the building or a single family home you might have fifty thousand or a hundred thousand dollars of that asset six minutes at risk you tell this person to fifty Bucks your point yeah so it's really about covering the rest in making sure that there's a balance there and that's what state law it needs virtually set this up for security deposit is to make sure somebody says you know what I want that money back to five hundred Bucks is important right so I will be strictly on the way out and you know from midnight clean the floor back yeah yeah yeah you got no it's kind.

Cincinnati P. G. C. L.
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

07:32 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"And by the way if you leave and you damage the unit you still have to pay the all my god I see I didn't catch that part of it is so is her little trick to cover so what happens if you say okay that's it's screwed I'm not gonna pay the monthly premium anymore I'm I'm out and done well at that point the landlord's gonna come back to say wait a second as a property owner we've got a lease and you security deposit you need to come up with a sponsor right now because otherwise violation of your Leafs what's the point of having this insurance that well if you're on the coast you don't have four grand to put in a cast I get it locally we're talking to her fifty and five hundred dollar secure deposits typically okay there might be okay my live in the high priced okay whatever whatever but that's a pretty limited number of apartments compared to what we have this whole region and so that's how we look at the single this this is not a good option for us this is a terrible buzz bin I mean it's great for this what it the company's called rhino right that's that's one of the companies involved yes okay it so this company comes in it it's the fact that matters I guess was blowing me away about this is in this is just a cursory look I guess the company into the business model is now what we're doing is if this bill goes through and I'm not saying it's going to our PPG is probably gonna look at this and go yeah right now for once loans right Charlie tassels right on this one it's it's victimizing little guy that we're seeking to protect here is that this creates a monopoly be because explain to me how they that white white this is one company is is so what happens is well says offering in legislation there's a neat little place for myself by the way you have to you have to provide this insurance for this opportunity for insurance and any writer can get it if it qualifies all these on these five criteria points yeah so this company helped write this were defended or put suggestions forward that they're the only ones who can actually qualify under these five criteria and that's that in and of itself is problematic to say wait a second let's let's look at the same government Charlie castle have anti trust laws did I sleep through that part of like eighth grade so somewhere in there so basically the government here would be sanctioning among a monopoly that's that's what it comes down to because it is the commonest holders another start up company after doing this well they're not around here and actually neither of them are registered Ohio just okay so at least according to department of insurance yesterday right and the reason I bring the permissions recessional piece to this which is depending on how this works is this something that they go through the resident goes through an app and us are we provide them because what it says we actually have to have as a property owner a relationship with a vendor at least one which right now there's there's one so and then at some point are we providing insurance or not because bail bondsman got trouble with the bonds issue they had to deal with that set the insurance company rice that department intercept and hit them hard right self storage owners were providing this insurance they're doing this no work there in that department yours came and hit them and this is a situation where now we're in a partnership with this insurance company or providing insurance or or perceived as person providing insurance and now everyone of our owners eighty three thousand eighty thousand apartment units in the city are gonna have to overcome brokers of insurance as well as being any trouble department of insurance so we have one government agency bureaucracy that's causing you to get in trouble with another what to do are you going to go to the state so so the crater drafting legislation that may be in violation of state law or or put us in the situation we would DO you be right so you're the violation of Cincinnati chart of the the Cincinnati city law or the state law either way you're in trouble so let me ask again why you in business and I had a county as I don't own anything they're not going to try to provide housing I'm good about Warren County got a problems it's true that is very true yeah I got no problems Charlie cancels today from the greater Cincinnati northern Kentucky apartment association about this hearing today now this is not a done deal it's not rubber stamp for them like this my body could you sit in failed is proposing legislation it's going to mandate rental owners of Cincinnati offer something called security deposit insurance so if you don't have enough money presumably to put the two fifty five hundred seven hundred whatever it is down for the security because he buys insurance and you pay into it on a monthly fee on a monthly basis and if something does happen as well you have the insurance that is there that you've now paid into an a smaller percentage rather than all up front and that presumably that money then goes the landlord if indeed you beat the hell out of the unit however at the end we're told that the the same tenet now has to pay the full amount of that insurance of that damage as well as a monthly vague on the deposit insurance so if I have insurance I guess is a way to prevent people were just beating the hell out of place saying well I already paid for it but if the end of the day it's just costing people who allegedly don't have enough money to to live and have a house or a place to live basically screw them out of my cell what's interesting though is like with other information came in with the rental inspections and registration issues we work with us we were Lancement for nine months to a year on all that and then with this issue it was actually brought up to us in October and we came forward in the hole the secure deposit issue was brought forward last week he's bringing in this week for a hearing and we really want to have some real time to really look at your because anything is pusher quickly is problematic so yeah really take our time MPG is committed to cut you know really take a clever effort so one actually gets knocked a lot but but I you know I I like the guy I don't agree with everything he says and I don't problem tell on that and I'm sure you know he's gonna hear this and go well crap now they beat the hell now let's get this thing right before you know we create more problems and that's worth in Indian out great lance was good at this to so this notion Charlie we've talked about this before that somebody wrote some book that talks about how landlords people like you not me but people like you make a lot of money off of the victims and I for the life of me I don't know how that's possible it's not I love to know how you make money off of it hell I should buy the book because I I don't it costs you way way more way more money because I usually people beat the hollow places one thing so you got to go through and I can get your money back in your out the time you're out listening for the unit and you got around it then you got to do background checks and so now you're making money on every unit that's you're not making money while you're while you're putting new appliances and and re dry walling a unit putting new flooring and all that stuff so I understand where the well this is great this money makers as from my said that the vision part of the business is really the soul killing part of business it as a property owner well it's one of the worst parts of the shareholder off and that's actually why some property owners get in big trouble because they're holding off two three four five months working with people and end up losing thousands and thousands of dollars because the person at the end bales and leaves now they're sitting there in the so if you go to the election process just because the because the person is gone and if they don't have a legal right to that unit yeah keeping your units filled and people happy is the best way to to really actually have a problem property in actually I'd say this people be bad bashing make a profit in the business you know if you're gonna tackle rent to own and you're gonna tack payday lenders which I don't do this to me seems to be as predatory is that so well it comes down to this we we make the comment that they're super left and we didn't force a taxi cab drivers to become over left yes we can let the market okay appreciate the time Charlie thanks for coming in.

two three four five months five hundred dollar nine months
"northern kentucky apartment association" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

09:08 min | 2 years ago

"northern kentucky apartment association" Discussed on Newsradio 700 WLW

"Pay and every month every month which adds up to thousands of dollars but you never get back on the basic security buzz and by the way if you leave and you damage the unit you still have to pay the all my god I see I didn't catch that part of it is so is her little trick to cover so what happens if you say okay that's it's screwed I'm not going to pay the monthly premium anymore I'm I'm out and done well at that point the landlord's gonna come back to say wait a second as a property owner we've got a lease and you always security deposit you need to come up with this funds right now because otherwise violation what's the point of having this insurance that well if you're on the coast you don't have four grand to put in a cast I get it locally we're talking to her fifty and five hundred dollar secure deposits typically okay there might be okay my lived in the high priced okay whatever room whatever but that's a pretty limited number of departments compared to what we have this whole region and so that's a look at the single this this is not a good option for us this is a terrible buzz bin I mean it's great for this what is the company's called rhino right that's that's one of the companies involved yes okay it so this company comes in it it's the fact that matters I guess was blowing me away about this is in this is just a cursory look I guess at the company into the business model is now what we're doing is if this bill go Sir and I'm not saying it's going to PPG is probably gonna look at this and go yeah right now for once loans right Charlie tassels right on this one it's it's victimizing little guy that we're seeking to protect here is that this creates a monopoly be because explain to me how they that white white this is one company is is so what happens is once is offering in legislation neat little place from a se by the way you have to you have to provide this insurance for this opportunity for insurance and any writer can get it if it qualifies all these on these five criteria points yeah so this company helped write this were defended or put suggestions forward that they're the only ones who can actually qualify under these five criteria and that's that in and of itself is problematic to say wait a second let's let's look at women wear the same government Charlie castle have anti trust laws I sleep through that part of like eighth grade that somewhere in there so basically the government here would be sanctioning among a monopoly that's that's what it comes down to because it is the commonest holders another start up company after doing this well they're not around here and actually neither of them are registered Ohio just okay so at least according to department of insurance yesterday right and the reason I bring the permissions recessional piece to this which is depending on how this works is this something that they go through the resident goes through an app and us are we provide them because what it says is we actually have to have as a property owner a relationship with a vendor at least one which right now there's there's one so and then at some point are we providing insurance or not because bail bondsman got trouble with the bonds issue they had to deal with that set the insurance company priced at department intercept and hit them hard right self storage owners were providing this insurance they're doing this now working there in that department yours came and hit them right and this is a situation where now we're in a partnership with this insurance company or providing insurance or or perceived as purse providing insurance and now everyone of our owners eighty three thousand eighty thousand apartment units in the city are gonna have to overcome brokers of insurance as well as being any trouble department of insurance so we have one government agency bureaucracy that's causing you to get in trouble with another what to do are you going to go to the state so much other critter drafting legislation that may be in violation of state law or or or put us in the situation we would DO you be right so you're the violation of Cincinnati chart of the the centenary city law or the state law either way you're in trouble so let me ask you again why you in business and I have a county as I don't own anything they're not going to try to provide housing I'm good I'm good about Warren County got a problems it's true that is very true yeah guy got no problems Charlie cancels today from the greater Cincinnati northern Kentucky apartment association about this hearing today now this is not a done deal it's not rubber stamp for them like this my buddy piece it fell the is proposing legislation it's going to mandate rental owners of Cincinnati offer something called security deposit insurance so if you don't have enough money presumably to put the two fifty five hundred seven hundred whatever it is down for the security policy by this insurance and you pay into it on a monthly fee on a monthly basis and if something does happen as well you have the insurance that is there that you've not paid into an a smaller percentage rather than all up front and that presumably that money then goes the landlord if indeed you beat the hell out of the unit however at the end we're told that the the same tenet now has to pay the full amount of that insurance of that they manage it as well as a monthly vague the deposit insurance so if I have insurance I guess is a way to prevent people were just beating the hell out of place saying well I already paid for it but it the end of the day it's just costing people who allegedly don't have enough money to to live and have a house or a place to live it is to basically screw them out of my cell thank you guys your PNY yeah yeah you're paying your paying twice you paint with a in and to be fair they're gonna be hearing in the gonna read this thing today this is the first reading right it is okay what's interesting though is like with other information came in with the rental inspections and registration issues we work with us we were Lancement for nine months to a year on all that and then with this issue it was actually brought up to us in October and we came forward in the hole the secure deposit issue was brought forward last week he's bringing in this week for a hearing and we really want to have some real time to really look at your because anything is pusher quickly is problematic so yeah really take our time MPG is committed to cut you know really taking clobbered effort so wanted to write a PGA gets knocked a lot but but I you know I I like the guy I don't agree with everything he says and I don't problem tell on that and I'm sure you know he's gonna hear this and go well crap now they beat the hell not I it's it's just your having a reading today let's get this thing right before you know we create more problems and that's worth in Indian out great lance was good at this too so I I you know I understand how it works I get the game but well you know we can't it's it's bad for the landlords but it's bad for the tenants you now know that this notion Charlie we've talked about this before that somebody wrote some book that talks about how landlords people like you not me but people like you make a lot of money off of the Vic shins and I for the life of me I don't know how that's possible it's not I love to know how you make money off of it hell I should buy the book because I I don't it cost you way way more way more money because I usually people beat the hollow places one thing so you got to go through and I can get your money back in your out the time you're out listening for the unit and you got to run it then you got to do background checks and so now you're making money and every unit that's you're not making money while you're while you're putting new appliances and and re dry walling a unit putting new flooring and all that stuff so I understand where the well this is great this money makers as from my said that the vision part of the business is really the soul killing part of business it as a property owner well it's one of the worst parts of barely hold off and that's actually why some property owners get in big trouble because they're holding off two three four five months working with people and end up losing thousands and thousands of dollars because the person at the end bales and leaves now they're sitting there in the so if you go to the election process just because the because the person is gone I think they don't have a legal right to that unit yet so yeah it's it's one of the worst part is not profitable at all the fact is keeping your units filled and people happy is the best way to to really actually have a problem property in actually I'd say this people be bad bashing make a profit in the business and otherwise you're not doing it people when investing in it if they couldn't do that so what you have a lot anteon vacant houses in our live in somebody's gonna do this in its usual return on what percentage of are rolling in since it's now just like mom and pop do you you go from eighty eight of eighty two thousand units about thirty thousand of them are actual larger owners the wrestles are smaller and icky we're talking anything from fourteen units down almost a third right correct okay gotcha hi Charlie tassel from the greater since and the Kentucky apartment association and on your hearing today I'm guess what three o'clock ten o'clock to two o'clock two o'clock today and well the LaFollette forget P. G. on tomorrow and see if you know what will hopefully come to a conclusion insane at this isn't gonna work it may work on the coast of done work in Cincinnati but trying to say some people from my heart expecting a landlord's perspective the other tenants to because you know if you're gonna tackle rent to own and you're gonna tech payday lenders which I don't did this to me seems to be as predatory is that so well it comes down to this we we make the comment that there's over left and we didn't force a taxi cab drivers to become over left yes we can let the market okay appreciate the time Charlie thanks for coming in today quick time out we got news about the five and we'll revisit the who tragedy the maybe it's something that that's no one talked about before relative to what happened forty years ago tonight just to have a slimy nine thirty five on seven hundred.

two three four five months five hundred dollar forty years nine months