legislative changes and security deposits

The top storylines in multifamily this week are modern incentives, mistakes for PMs to avoid, what Star Wars can teach about multifamily, updating operations, artificial intelligence, shareable EVs, reframing multifamily management, insurance woes and California caps security deposits.

Deposit-related legislation has taken on a new dimension. Governments are passing bills that move away from costly deposits completely. A Cincinnati law says that if an operator requires a security deposit, a deposit alternative or payment plan must likewise be offered.