Rent Control Sprouts in Illinois, California, and Rhode Island

rent control

By Becky Bower

For the past two years rent control has been one of the top legislative trends in the rental housing industry. While the industry has seen both victories and losses on this front, the fight against tenant-popularized rent control bills continues. Which cities are being targeted next? If you have properties in California, Illinois, or Providence, R.I., you’ll want to look out for these rent control initiatives.

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Rent Control is Trending: November’s Frightening Rental Legislation

rent control

If you weren’t aware of rent control legislation, now is the time to be active. Bills proposing rent control (as well as restrictions on eviction and criminal records) have become an alarming trend within the rental housing industry. Just last week, I went with other CIC™ tenant screening experts to Washington, D.C. to lobby on behalf of the National Consumer Reporting Association. Our big concern is that without access to eviction or criminal records, property owners and managers like you will not have the information to determine if a rental applicant is a risk or not. While plenty of owners combat potential risk by raising the rent or fees, if rent control measures pass, that option will no longer be accessible.

Unfortunately, states like California, Oregon, Illinois, and Maine have already been targeted by rent control activists – and it seems like this is only the beginning. Take a look to see what rental housing legislation has passed and failed this November, and what bills will likely be reviewed in the Spring of 2018.

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