Property Management News
After more than two years of discussion and debate, the Los Angeles City Council voted Wednesday to significantly lower annual rent increases in most of the city’s apartments. L.A.’s current rent control rules guarantee landlords the right to raise rents at least 3% every year. Increases can be as high as 10% in some apartments during periods of high inflation. But under the reforms passed by 12 of the council’s 15 members, rent increases would be capped at 4% annually, and an additional 2% increase for landlords who cover utilities would be eliminated. The exact rate each year would be equal to 90% of the change in the region’s consumer price index, a government measure of... Read more
KEY TAKEAWAYS In some Atlanta apartment buildings, landlords say as many as 50% of rental applications are fraudulent. Nearly three-quarters of US apartment operators...
More than 4,000 Minnesota renters are eligible to get money back from a property management company accused of overcharging and stealing security deposits. Attorney...
Emotional support animals (ESAs) remain one of the most misunderstood areas of fair-housing compliance. While property managers and housing providers often encounter...
The days of Los Angeles landlords telling renters to bring their own fridge will soon be over. Gov. Gavin Newsom signed a law on Monday requiring rental property...
The High Cost of Overlooking Construction Safety Renovations and capital projects can refresh an apartment community. New amenities, smarter layouts, and better curb appeal help with leasing and retention. When oversight slips, those same projects can trigger accidents that turn into lawsuits and insurance headaches. A fall on a job site, a poorly marked hazard, or a contractor hurt while working near residents does more than stall progress. It can saddle a community with unexpected liability. In a business built on tight margins and trust, one preventable mistake can wipe out months of careful planning and hard work. Where Construction Projects Go Wrong Most managers have experienced at... Read more
Fraud has long plagued the multifamily sector, but the scope and sophistication of the problem are now reaching new levels, fueled by technology and shifting consumer...
The Federal Trade Commission sued a pair of online rental listing platforms Tuesday, claiming Zillow paid its competitor Redfin $100 million to cease advertising...
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications...
A new survey reveals persistent multifamily renter defaults driven largely by economic instability that are placing increasing pressure on operations. A national survey...
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