Fresno launched Rental Housing Impovement Program

[Michael Zuber]

The Mayor of Fresno Lee Brand has kicked off a Rental Improvement program thank I think has some real merits but curious what you all think

Key parts of program

Every rental unit must be registered (SFH- Apartments)

Inspection fee’s per unit

If quality unit you can be called tier 1 and get 5 year waiver 

My thoughts 

I think being a slumlord is horrible and this program will identify many of them

Unintended consequences 

I see costs going up

I see Rents going up big in the lower end as Properties are upgraded or sold then upgraded

I bet we see a 10-20% rental increase in the lower end of the market once the dust settles 

Z