Realtors slam bill to protect renters as "a slap in the face"

[TexasTowelie]

Nearly 44 percent of Nevadans are renters. But legislation designed to beef up renters’ rights is facing stiff opposition not only from Republicans and landlords, but from some Democrats and low-income housing officials, too, who contend the measure threatens to reduce an already insufficient supply of affordable housing.

Real estate and property management executives testified Thursday that Senate Bill 256 is unworkable and would force landlords out of the business, with their properties likely sold and off the rental market.

The measure passed out of the Senate Committee on Commerce and Labor by an 11-10 vote, with two Democrats, Marilyn Dondero Loop and Majority Leader Nicole Cannizzaro, joining their Republican colleagues in the minority.

But supporters say the tight housing market enables some landlords to gouge tenants, stick them with unreasonable late fees, and perpetuate a cycle that too often ends in homelessness.

Read more: https://www.nevadacurrent.com/2019/05/07/realtors-slam-bill-to-protect-renters-as-a-slap-in-the-face/