Peter Lohmann's Newsletter - Issue #131

Rental Registries are Nonsense. Asset Management for Property Managers.

Author

Peter Lohmann
February 28, 2025

A no-fluff weekly publication for the property management industry.

Rental Registries are a Plague On Our Industry And Probably Unconstitutional

Do any of the cities where you manage rental properties require some type of “rental registration”?

Several in Central Ohio do. And one of them even charges a significant annual fee!

That’s on top of the long-standing county-level rental registration, which already exists and is enforced. Cities are pointlessly duplicating this registry in the name of ensuring “property values” and exterior appearance; meanwhile owner-occupied homes are some of the worst offenders and sit for decades with no code enforcement.

We need to start fighting back against this garbage. It’s kind of like the broken-windows theory, but applied to property rights: If we keep letting little nonsense like this pass unchallenged, more will follow and it will only get worse, as it has in many cities.

Today i have some good news to report from Uhrichsville, located in Northeast Ohio:

A rental property company sued the city in Tuscarawas County Common Pleas Court over the 2020 ordinance requiring landlords to register annually and pay a per-unit fee. The case went to trial before Judge Elizabeth Thomakos, who sided with the company, declaring the fee an illegal tax not being used exclusively for the benefit of landlords.

VICTORY!!!

Who wants to band up with me and get this type of action going in Central Ohio?

-Peter

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Asset Management for Property Managers

Mark Brower texted me early one morning a few week ago:

Instead of replying via text, I suggested we jump on a pod and talk about it. So later that day, we did—and ended up discussing it for over an hour! Listen in to our conversation:

Also available anywhere you listen to podcasts, just search “Peter Lohmann’s Podcast”.

New Property Management Companies For Sale This Week

[Would you like to sponsor this portion of the newsletter? Get in touch.]

  • Here is an STR management company for sale in Tampa, FL (asking $600k, 61 properties)

  • Here is an STR management company for sale in Maricopa County, AZ (asking $550k, 27 properties)

  • Here is a property management company for sale in Orange County, FL (asking $1.6M, 70 short-term rentals and 50 long-term rentals)

  • Here is an association management company for sale in Miami-Dade County, FL (asking $1M, 50 properties)

Industry News & Events

  • LeadSimple just announced two-way work order sync for Buildium (cool). Notes and property groups will also be synced! The launch webinar is on Tuesday. More info + register here.

  • Jotform, which I know a lot of PMs use, just launched a bunch of AI Agents that are getting some buzz.

  • If you’re headed to broker/owner, don’t forget to register for Second Nature’s VIP package (no cost), which is always well-done. Also, they’re running a cash giveaway right now (pot currently at $7k+).

Closing Thought

Hey! I’m looking for a meme creator (paid opportunity) to create PM memes like this one. Reply if you know someone.

~ ~ ~

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The content of this newsletter is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this newsletter. Additionally, some of the links included in this newsletter are affiliate links, meaning I may earn a commission if you make a purchase through these links. Always perform your own due diligence before making any financial or business decisions.