Property Management News
In property management, strong customer service is often praised as the key to successful leasing and resident retention. Leasing professionals are encouraged to be personable, attentive, and helpful in guiding prospects through the decision-making process. However, it is in these well-meaning interactions that one of the most common and costly fair housing risks can emerge: steering. Steering rarely begins as an intentional act of discrimination. More often, it develops gradually, rooted in a desire to be helpful or to “make things easier” for a prospect. Understanding how customer service instincts can quietly turn into compliance issues is critical for housing providers... Read more
The National Fair Housing Alliance (NFHA) is the nation’s largest nonprofit fair housing organization, leading investigations, enforcement, advocacy, and research to...
Across much of the country, rental housing is in a very different place than it was just a couple of years ago. After a historic run-up in demand and rents, vacancies...
New York City renters are now legally entitled to clear, accessible information about whether stabilized apartments exist in their buildings. Last week, Local Law 86,...
The slippery slope of steering when customer service crosses the line in property management trying to be helpful or to “make things easier” for a prospect. In...
Fannie Mae announced new ADU financing rules. Most investors missed it. The ones who didn’t? Already running numbers on properties they own. The change: Fannie Mae now purchases loans for two-to-three unit homes that include ADUs. Total allowed: four units per property. Single-family can now add three ADUs. Duplex can add two ADUs. Triplex can add one ADU. What changed? Everything. Before this, most investors hit financing walls trying to add ADUs. Conventional loans didn’t cover multiple units. Renovation budgets got capped. Income couldn’t be counted toward qualification. Not anymore. Who This Benefits (And Who It Doesn’t) Winners: Investors with... Read more
As many people struggle to afford housing and tenant populations grow in some regions, more cities are turning to official registries to answer questions about their...
Multi-family real estate provides stronger tax shelters than single-family properties through advanced depreciation schedules and cost segregation feasibility....
Most multifamily real estate owners need to finance or refinance their apartment community at some point. Many utilize the small balance multifamily loan programs...
The Federal Trade Commission (FTC) says consumers have lost millions to rental scams and that people ages 18-29 were three times more likely to report losing money than...
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