Investor Perspective: Multifamily Outlook Under The New Rent Laws

(HOLM & O'HARA LLP) New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law less than a month ago.  Since that time, there has been a flurry of articles covering the specifics of the law, some analysis of how the new law might impact rents differently than the old law and the predictable array of opinion pieces condemning and supporting the new laws, as well as litigation from landlord organizations challenging its constitutionality. How, though, is the new legal landscape likely to change the big picture for investors in multifamily properties in the foreseeable future? In this first of two articles, Holm & O’Hara LLP spoke with  Robert Sedaghatpour of Stratco Property Group, a firm providing tenant relation services and building management services to landlords.