Property Management News

CNN's Natasha Chen looks at how the Covid-19 eviction moratorium has affected small-scale investors and landlords who have unpaid mortgages to face as tenants are unable to pay their rent.Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for many landlords across the US, the news came as a nightmare."It's important to recognize that, after 10 months of severe economic distress, job loss, and decline in rent collections, everyone is hurting," said Bob Pinnegar, president and CEO of the National Apartment Association, an industry group representing property owners.By extending the...Read more >

Thirty-two Frisco residents have filed a petition to sue the owners of the Cortland at Stonebriar apartment complex in the wake of a fire that was announced “put out” after over 36 hours last week.A fire at the apartment complex, located in the 9000 block of Gaylord Parkway, was called in at 1:12 a.m. Feb. 17 and announced “put out” by the city of Frisco as of 4:29 p.m. the next day.One resident was taken to a local hospital with burn and respiratory injuries, and four Frisco firefighters were taken to the hospital with minor injuries but were later released, according to the Frisco Fire Department.Keith Gall, battalion chief with the Frisco Fire department, said 62 of...Read more >