Property Management News

According to a report issued by The Joint Center for Housing Studies of Harvard University, approximately one in three American households are occupied by renters as of 2020. Owning rental properties can be a great way to generate passive income, but it’s also a big responsibility. There are many rules and regulations to follow, and probably none are more important than federal, state, and local fair housing laws. The Fair Housing Act of 1968 extended the basic discrimination protections within the 1964 Civil Rights Act into the housing market. It explicitly prohibits discrimination in the purchase, sale, rental, or financing of housing — private or public — based on race, color,...Read more >

Federal Judge Dabney Friedrich struck down on Wednesday the national eviction moratorium, potentially leaving millions of Americans at risk of losing their homes two months earlier than expected.The Centers for Disease Control and Prevention has banned most evictions across the country since September. The protection was slated to expire at the end of January, but President Joe Biden has extended it, first until April, and later through June.Some 1 in 5 renters across the U.S. are struggling to keep up with their payments amid the coronavirus pandemic, and states are scrambling to disburse more than $45 billion in rental assistance allocated by Congress.A spokesman for...Read more >