http://msbusiness.com/blog/2011/11/28/city-raises-landlords-fees-fines-for-noncompliance/?utm_source=rss&utm_medium=rss&utm_campaign=city-raises-landlords-fees-fines-for-noncompliance Mississippi Business Journal Fri, 24 May 2013 18:29:36 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://msbusiness.com/blog/2011/11/28/city-raises-landlords-fees-fines-for-noncompliance/#comment-127696 R. Riley Wed, 30 Nov 2011 20:47:14 +0000 http://msbusiness.com/?p=48999#comment-127696 I will be sure not to invest in residential rental property in Tupelo. The idea that a landlord must pay to have his or her property inspected by the city, every time a tenant moves is outrageous. The First Version created by Tupelo Bureaucrats was more reasonable that charged $30 annually for four to 10 units; and $100 annually for rental property that has more than 10 units. But now it appears Tupelo Bureaucrats created the Second Version to charge rental property owners much more (($25-per-unit Annually ) multiplied by 5,100 Tupelo rental units in order to collect $127,500 to pay Bureaucrat alleged necessary to oversee the operation of private rental property. This reminds me of what happen to Poland’s apartment house owners after the communists took over the country. Landlords were held hostage by the communists to operate their rental properties at a loss. Subsequently property owners in their 80′s were grateful and relieved when the Poland’s communist state officials agreed to take over, confiscate their property. This article states \Proponents also hope it will decrease the overall percentage of rental units and encourage more home ownership.\ Why would anyone wan to buy a home in a city that slams home owners with fees and inspections should they want to rent their property? There are a lot friendlier places to invest in residential housing other than Tupelo, Ms.

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