April was the first month many tenants were unable to pay their rent due to COVID-19 restrictions. With an estimated 1 in 10 Americans now unemployed, property owners are facing a greater number of rent delinquencies than they’ve seen in recent times. Unfortunately, that trend isn’t likely to change as the federal, state, and local… Read more »
Evictions during COVID-19: What You Need to Know
COVID-19 has had drastic effects on nearly every aspect of society, including the housing market. As millions of Americans have become temporarily furloughed or unemployed, state and local governments have responded to the threat of mass evictions in a variety of ways. Some areas of the country have completely closed their local courts, effectively suspending… Read more »
How Covid-19 is Affecting the Multifamily Market
The spread of Covid-19 came on rapidly, bringing with it panic and equally rapid economic contraction. This has created an atmosphere of fear and volatility that’s not typically seen in public markets. With the current situation, you may be wondering what might be in store for the multifamily housing industry. While there’s no way to… Read more »
State and Local Lawmakers Pause Evictions During Covid-19 Outbreaks
In response to Covid-19 outbreaks across the country, many non-essential businesses have shut down in order to slow the spread of the virus. These proactive measures have led to many people being unable to work and in some cases even losing their jobs. Since many people are no longer working, many major U.S. cities have… Read more »
Six Vital Skills for Landlords and Property Managers
Anyone who owns or manages a rental property knows real estate is a competitive industry. To be successful, it’s important to have a wide skillset. A good landlord or property manager is committed to ongoing education and developing a variety of different skills. Not only does this allow you to be adaptable in a fluid… Read more »
Evicting At-Will Tenancies and Squatters
Every eviction case is different. They each have their own set of circumstances, court rulings, and resolutions. The laws concerning evictions can vary greatly too, depending on the type of tenancy you’re dealing with. Here’s a look at two unique types of eviction: squatters and at-will tenants. What’s a Tenancy At-Will? A tenancy at-will is… Read more »
Odd, Bizarre, and Restrictive Rental Rules
One of the toughest things about being a tenant is that they must abide by other’s rules – or they’ll need to find a new place to live. Most of the time, rental rules are reasonable and easy to follow. Some landlords and property managers, however, take things too far with extremely restrictive or nonsensical… Read more »
Oakland Ordinance Expands Landlord Requirements and Tenant Rights
Oakland landlords and tenants enter a shifting rental landscape after the City Council passed its Fair Chance Housing ordinance that establishes the East Bay city as the first in California to bar landlords from conducting criminal background checks. This law, adopted by the City Council on February 4, “bans the box” which stops landlords from… Read more »
Considerations for Renting to Friends or Family
As a landlord or property manager, you’re well-aware of how important it is to screen your tenants. This becomes more complicated when you’re considering renting to family or friends. When vetting a stranger, you can rely on the information from the screening to make your decision. Objectivity is more difficult when it comes to vetting… Read more »
How to Get Chronically Late Tenants to Pay Their Rent on Time
New tenants can be a bit of a gamble. Someone may have an ideal rental history, but there’s no way to account for changes in financial status or other factors that could affect their future ability to pay rent. The only way to know for sure how reliable they’ll be is to give them time… Read more »