Los Angeles landlords may be eyeing the exits as new rent rules squeeze returns, but veteran Colliers broker Kitty Wallace is telling them to do the opposite: stay, show up, and fight for their investments at City Hall.
Instead of quietly selling or heading for markets with looser regulations, Wallace is urging apartment owners to get organized. She is pushing clients to attend hearings, join apartment associations, and speak directly to policymakers who are reshaping the economics of owning rental housing in L.A.
Wallace told CoStar that owners face a stark choice: either “pack up and leave” for more landlord-friendly cities or stay and try to influence the rules. She said she has been sending email alerts and making calls to rally attendance, adding that the goal is not to turn every landlord into a political operative, but to make sure that officials hear from the people who actually pay to maintain and create housing. As CoStar explains, that is a key reason Wallace has shifted part of her focus from pure dealmaking to helping owners navigate public policy…