Property Management News
Fannie Mae is bolstering its initiative that provides incentives for new loans to multifamily property owners who accept Department of Housing and Urban Development (HUD) Housing Choice Vouchers (HCVs). Launched in April 2022 and extended through April 2026, the Expanded Housing Choice (EHC) initiative was created to expand opportunities for HCV holders by incentivizing borrowers who accept the vouchers as a valid source of income. According to Fannie Mae, approximately 30% of voucher holders are unable to find housing that will accept their vouchers. The initiative was previously limited to eligible properties in North Carolina and Texas, but it is now available to borrowers in... Read more
A Seattle landlord has sued the City of Seattle alleging a number of laws passed in the name of tenant protections in the last few years have financially strapped his...
As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations....
Delve into your multifamily property’s financial health by strategically deducting operating expenses. Maximize cash flow, reduce taxable income, and leverage...
Key Takeaways California’s new $80M rebate program offers incentives for low- and moderate-income homeowners and multifamily building owners to electrify their...
Lawyers love obscure rules about giving three-day notices—the kind that California landlords hate. The decision in City of Alameda v. Sheehan, published September 13, 2024, teaches that there is a wrong way to issue a notice to pay rent or quit to a delinquent tenant. In Sheehan, tenant Shelby Sheehan had stopped paying rent for 17 months. The landlord, City of Alameda, had enough. The City directed its property manager, RiverRock Real Estate Group, Inc. to get the tenant current or to evict. The manager served a three-day notice to pay rent or quit that advised the tenant to deliver cash or check payable to “City of Alameda c/o River Rock Real Estate Group at 950 West Mall Square,... Read more
The U.S. Department of Housing and Urban Development (HUD) has charged a Florida housing provider with discrimination over failing to provide reasonable accommodation...
For many renters in Los Angeles, apartment renovations are no cause for celebration. Instead of getting a brand new kitchen or bathroom, tenants know they’ll often...
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...
Are you a landlord? Work for a property management company? Or in the rental sector? Here’s a $48 million reminder to obey the law: the FTC’s settlement with...
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