March 5, 2010 at 5:04 pm

Over the past few years, the St. Louis Board of Alderman have debated the prospected of a vacant property registration system numerous times. One bill almost passed about a year ago. Not taking no for an answer, Alderwoman Kacie Starr Triplett brought the issue back up recently. The new bill corrected many of the issues with the previous versions, but many in the real estate industry felt the bill still had unfair aspects.
Apparently, the Board of Alderman did not agree. I have been unable to officially verify this, or who specifically voted for it, but the bill passed this morning. From now on, whenever a property is vacant in the City of St. Louis for at least six months, and has recorded code violations, it must be registered with the City. The owner must provide their contact info and pay an annual $200 fee. The provided information will then be placed on a publicly available database. There will be some exceptions to this, but I still don’t know at this point if there were any last minute alterations to the bill before it was passed. Check back for more details and implications soon.
For more, check out the official Bill #322 website.
August 31, 2009 at 1:10 pm
Last night at 2am I got a surprising wake-up call: the alarm was going off at my rehab project in Tower Grove South. The police were already there and requesting a key-holder to come over. Upon arriving on the scene I witnessed the sobering site of a backdoor kicked in. Read more
October 17, 2008 at 10:18 am
I know I am preaching to the choir here, but the looting in our area seems to be getting worse all the time. Whether the target is scrap or antiques, its running rampant. Most of the time, the cost is economic, but sometimes the cost is much higher. Unfortunately, this is a pretty egregious case of the latter. Read more
September 30, 2008 at 9:19 pm
This isn’t exactly breaking news, but I thought I should share some info about a St. Louis City Bill (Board Bill 174) that could have a direct affect on City investors. This bill was introduced in July to the Board of Alderman by Alderwoman Triplett and Alderman Kennedy. Here is the summary of the bill as it was presented in July: Read more
May 14, 2008 at 4:50 pm
Just when it seemed that increased security measures at local scrap yards were having a positive effect on copper theft, spring had to hit. Over the winter, even buildings that weren’t secured properly seemed to be holding onto their copper longer than usual. In the past couple of weeks, as the temperatures have been rising, I have defintely noticed an increase in theft of copper in St. Louis City properties. Read more
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Matt Kastner
The other side of Shaw
Thanks for the update. As the weather warms,
Erin
The other side of Shaw
Thanks - I live on the 4100 block of Shaw and
Matt Kastner
3500 Illinois historic, green rehab
No problem. I will talk to the owner about th
James
3500 Illinois historic, green rehab
Thanks for covering this property. I'm on the
David
Securing AC condensers
Gorilla Security Strap Guard against vandalis
Andrew
Why invest in real estate?
great article Matt, Thanks! a