New law asking "Registered Agent" In Cleveland

[Itay Heled]

Hello fellow investors.

I read a new decision to force out of town landlords to hire a local agent passes in Feb in Cleveland 

(see below)

https://nlihc.org/resource/cleveland-passes-ordinance-streng...

would like to know  what it actually mean?

I heard some believe no local agent that knows what they are doing would  sign this and on the other hand some are very skeptical the city would even  enforce this given the domino effect it may create. 

since I am considering buying a new investment property in Cleveland I  would like  to know: 

are there any solution if the city decide to enforce this?

[Kevin Sobilo]

Quote from @Itay Heled:

I feel I need to clarify.

having a local agent is not the issue.its the fact city forced this local agent to be liable . So let's say out of state landlord fail to make a payment , bankrupt pass away etc the agent is responsible. 

that is the problem and that is why I mentioned most property managers would not do it.

Ok, I see what you are saying and perhaps this is a language issue since you seem to be in Canada and the author of this article is writing in proper American English! lol

The author is NOT describing that the property manager will be help civilly liable in court for the property's maintenance etc.

What the article is trying to describe is how having a local person associated with each rental does to address the issues of rental code violations, etc. They are saying that there will be someone local whose job it is to handle these things.

The ordinance is NOT adding any additional "liability" to the property manager. As far as the ordinance is concerned they are just a point of contact who is required to be a local person. That's all. No legit property manager should have an issue with this at all.