Ohio Real Estate Investors Association

 

Legislative Updates

OREIA's main purpose is to advocate for legislative change for the benefit of its members.  OREIA employees a Legislative Director, Dan Acton, and a professional lobbying firm, Governmental Policy Group, to actively monitor and engage at the state level.  

Current Legislative Update 9/2023

While not technically a bill, Issue 2 is a topic that will be on the statewide ballot this November. Issue 2 is a citizen lead petition to legalize the recreational use and growing of marijuana for people over the age of 21. Beyond personal opinions, this will have a direct affect on buying, selling and renting housing. As currently proposed, housing providers will be able to prohibit the use by smoking and the growing of marijuana on their properties by adding prohibitive language specifically mentioning these actions to their lease. Things to consider whether to allow this activity in your rental properties would be the fact that this is still a federal crime, who is responsible for utilities and the inevitable increase in usage under a grow operation, and how it would affect others in a multi-family situation, specifically Ohioans under the age of 21.
Please make yourself aware of the arguments on both sides of this issue and consider where you want to be come election day.
In Favor: https://tinyurl.com/duaabv47
Opposition: https://tinyurl.com/4jvnaj97
Because of the beginnings of Issue 2 (citizen lead petition) even if passed on November 7th, the General Assembly can completely overhaul, further amend, or technically repeal what is passed. It is not subject to the veto of Governor DeWine.

GPG is actively watching for the legislative schedule and any movement on the bills we have been advocating on for the first half of the year. 

 

One item of note is the lawsuit, filed in February on behalf of the Ohio Department of Commerce against MV Realty and their deceptive practice of entering into a 40 year listing contract with sellers.  Ohio’s Attorney General, Dave Yost and his staff have made this a priority for their office.  The Franklin County Common Pleas Court issued a preliminary injunction against MV Realty of Ohio, its founder, Amanda Zachman, and its principal broker, Diana Remar. The injunction prohibits MV Realty from engaging in the unlicensed practice of real estate, from entering into new exclusive right to list agreements, and from using agreements that are not compliance with Ohio law.

Consumers who have been affected by a contract with MV Realty can file a complaint with the Division of Real Estate and Professional Licensing within the Department of Commerce. 

 It is so important our members act in an ethical manner at all times and look for win-win solutions.

 

Our legislative team is closely monitoring the following bills:

HB93– Changing the rules for municipalities to charge or place leins on property owners for renter's utility bills: Was passed out of committee before the summer recess.  Should receive a full house vote upon the return of legislators early fall. 

SB 76– Charging $1500 per month PER HOUSE to anyone owning over 50 1-3 family homes in the same county: this bill is being watched closely, especially the registration requirements.  Our partners are working hard to mitigate the impact it will have.  It has received harsh criticism from many groups.  It has had no hearing since March but a lot of press matching it with a new federal level bill from Senator Sherrod Brown.

HB 150– Forcing participation in third party programs: This bill largely targets the housing provider’s freedom to not participate in the Housing Choice Voucher program (Section 8) and to not directly refuse the vouchers.  It is currently in committee.  We are gathering written testimony for this one right now.  Please ask your members if they have had direct experience with housing authorities to contact Deborah at ea4oreia@gmail.com

HB 59– Free lawyers to fight lawful evictions and drag out the process: Still in committee hearings, but OREIA opposes additional tax payer funded lawyers beyond the existing Legal Aid framework.

SB 118– Aimed to increase homeownership: This bill is intended to offer a tax incentive for converting (by selling) a rental property over to an owner occupied.  The language is being reviewed during the hearing process.  It has recieved three committee hearings.

 


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Ohio Real Estate Investors Association
  • (513) 655-3999
  • 3707 Warsaw Ave.
  • Cincinnati, OH 45205

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www.OREIA.com  (Ohio Real Estate Investors Association) does not give legal, tax, economic, or investment advice. OREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

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