Property Management News

New York calls its new rent regulation law the Housing Stability and Tenant Protection Act. In reality, it will destabilize and wreck the state’s affordable housing market. I know because I’m the landlord of a small building, and the law will make it impossible for me and others like me to survive.As a young man growing up in the Bronx and attending public schools, I never thought I’d become a landlord. I moved with my parents from Guyana when I was 5. In 1996, while enrolled at DeWitt Clinton High School, I got a job at a check-cashing company, working 45-70 hours a week for just $5 an hour.After graduating, I attended a two-year college, working my way up...Read more >

In Cincinnati, renters won't necessarily need a cash security deposit anymore under a new law passed by Cincinnati City Council Wednesday. Proposed by Councilman P.G. Sittenfeld to help alleviate barriers to renting an apartment, the law says landlords must give renters options other than a traditional cash security deposit. It takes effect in 90 days. One of the options: rental insurance, which allows renters to pay a small premium each month, instead of a making one cash security deposit. When first proposed, landlords were to give everyone the option to choose rental insurance. Rental insurance was first proposed as a mandatory option, but the Greater Cincinnati Northern Kentucky...Read more >