Property Management News
A landlord can terminate a Section 8 lease if there is just cause. A Section 8 lease is a contract between a landlord and a tenant who receives rental assistance through the federal government’s Housing Choice Voucher Program. While these leases often provide stability for both parties, there may be situations where a landlord needs to terminate the lease. However, it’s important to note that a landlord cannot terminate a Section 8 lease without just cause – there must be a valid reason for doing so. By understanding these guidelines, landlords can ensure compliance while protecting their rights as property owners. Section 8 Leases In the world of rental housing, Section 8 leases... Read more
Price is usually a renter’s top priority when considering a lease renewal. Most tenants will renew if rent stays the same, but significant increases often prompt...
Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Nearly 4 in 10 middle-class renter households are burdened by...
Fannie Mae is bolstering its initiative that provides incentives for new loans to multifamily property owners who accept Department of Housing and Urban Development...
Massive rental demand across the country is supporting stable national rent rates even amid historic levels of new supply. National one- and two-bedroom rents remain...
An accelerating surge in apartment rents is tightening the squeeze on the most affordable segments of the U.S. rental market. According to a new report from Redfin, renters seeking apartments under $1,000 a month are increasingly struggling to relocate as rising costs force them to stay in place longer and the number of new listings continues to dwindle. The analysis, which used data from the U.S. Census Bureau, found that the fraction of renters in this demographic declined from 50.4% in 2012 to 35.2% in 2022 and to 32.1% last year. Redfin attributed the decline in listings to a boom in asking rents after the pandemic, which led to rents stabilizing near their record highs soon... Read more
Key Takeaways California’s new $80M rebate program offers incentives for low- and moderate-income homeowners and multifamily building owners to electrify their...
California has 1.07 million households paying at least $3,000 a month to a landlord, and that flock has more than doubled in four years. My trusty spreadsheet looked...
California Gov. Gavin Newsom recently signed both AB 2493 and AB 2801, aiding renters in both their search for a new abode and departures from current apartments. AB...
There were 21 states where a majority of tenant households spent 30% or more of their incomes on rent and utilities last year, compared with just seven states in...
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