In the spring of 2024, a group of real estate investors came together and realized that a voice was needed to address issues with local governments and the Virginia General Assembly pertaining to laws that were being passed that directly impact our industry.
In the fall of 2024 the Virginia Real Estate Investors Alliance was created. We are a Virginia non-profit filed as a 501-c6 formed with the express purpose of giving real estate investors a voice on laws in the state.
Groups involved and support the Alliance include:
Deal Maker Investors
Deal Maker Richmond
Fredericksburg Real Estate Investors
Greater Richmond REIA
GRID Richmond
GRID Virginia Beach
Hampton Roads Landlord Association
Petersburg/Colonial Heights Real Estate
Richmond RING
RING Landlord
R.I.S.E.
RVA Multi Family Investments
Tidewater Real Estate Investors
VA Peninsula Real Estate Investors Association
Williamsburg Real Estate Investors
The Alliance works to provide a voice that previously did not exist and provides representation pertaining to proposed new legislation and laws that impact our industry.
Current Proposed Legislation aimed at our industry
Localities will have the ability to enact provisions to limit rent increases that can be charged to tenants
Requires landlords to accept rent by any lawful payment method, including credit card, and disallows any fees to be charged for collection or processing
Prohibits a landlord from calculating rent rate by using, incorporating, or training an algorithmic pricing device
Removes the requirement for tenant to pay rent into escrow prior to the initial court date where tenant alleges noncompliance by landlord
We, as an industry, have not been paying enough attention. We can no longer allow bills, such as the anti-wholesaling law, HB 917, come into effect without making our voice heard. What we do now will affect the legacy we leave behind. If we allow the government to keep whittling away our ability to engage in an open real estate market, what we are working so hard to leave as a legacy may become nothing more than a memory.
To Learn more about laws passed in the last few years that affect our industry, and what we can do about it, click HERE
The Virginia Real Estate Investors Alliance meets with legislators expressing interests that impact real estate investors.
The Alliance, in a broader effort to represent real estate investors, selectively invites legislators to attend specific monthly meetups with groups the Alliance represents. This allows meetup leaders to offer their members an opportunity to express their views to these legislators.
This Alliance coordinates these meetings and provides individuals that represent the Alliance an opportunity to speak on issues the Alliance supports. These meetings allow legislators to express their interests pertaining to real estate.
Protecting Affordable Housing & Investor Rights
Oppose laws that increase investor costs, leading to higher rents and fewer rental homes.
Oppose rent control and rent gouging laws that shrink rental availability and favor large institutional investors.
Advocate for removing licensing requirements that limit property revitalization and reduce housing inventory.
Support policies that prevent corporate monopolization of single-family homes while protecting individual investors.
By protecting the ability of our industry to operate without excessive government intervention, we will be able to better serve tenants and home buyers by providing quality housing throughout our Commonwealth.
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8005 Creighton Parkway, Suite C #137, Mechanicsville, VA 23111