Friday, October 06, 2006

Connecticut Property Owners Fight Bureaucracy

A quick look at the Connecticut Property Owners Association (CPOA) web site reveals ongoing frustration with increasing bureacracy affecting property owners and investors. The CPOA web site explains how they believe that landlords and investment property owners are getting hit from all sides with increased state taxes, unfavorable legislation and worse, more LOCAL regulation as we've seen attempted in Winsted, New Britain and now New Haven.

CPOA say that "landlording is one of the heaviest regulated businesses in Connecticut."

For over 30 years, the CT Property Owner's Association (CPOA) and its members have monitored the State Capitol for unpopular and unfavorable legislative actions, and mounted lobbying efforts against them when possible. Connecticut Property Owners Association has also forged alliances with similar interest groups to help fight unpopular legislative attempts on a broader scale. Some of these alliances have proved invaluable and the Connecticut Property Owners Association is proud of their partners such as the CT Realtors and the CT Homebuilders.

Connecticut Property Owners Association has been proactive and lobbied for beneficial legislation as well, joining the Coalition for the Adoption of a Unified Code (CAUC), an attempt to support the Legislature and Department of Public Safety in its efforts to adopt a coordinated Building and Fire Safety Code statewide. They claim it is to prevent the further haphazard adoption of specific/individual code regulations by the Legislature.

Over the last couple of years, the Connecticut Property Owners Association has attempted to forge agreements and understanding with some aggressive tenants' rights groups in order to educate them on on the CPOA's perspectives as owners - and try to find common ground vs. waging additional battles.

On the education front, Connecticut Property Owners Association has participated in many regional real estate group events, Legislative dinners, and hosted numerous speakers so that landlords can educate themselves on the latest legal issues potentially affecting CPOA or engage in meaningful debate with real estate professionals and local and statewide politicians and officials. CPOA is also involved with the nuts and bolts of owning investment property such do-it-yourself evictions, where to find better financing, making smarter insurance claims, the latest hidden tax deductions, or the latest plumbing shortcuts.

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