Property Management News

How to Not Let Unpaid Rent Ruin the Financial RelationshipWe’re a long way from those early COVID-19 pandemic days when California businesses were ordered closed and emergency regulations were enacted to stop evictions. It was clear even then that rent would not be forgiven, and landlords were encouraged to be creative — not punitive — with their tenants.Many landlords, informed or uninformed, still attempted to evict or lock-out tenants who did not pay due to COVID-19-related financial difficulties. These efforts are illegal under the current emergency orders, but also often misguided from a long-term occupancy and economic view, in particular for commercial landlords. There...Read more >

There are more than 43 million renters in the United States, with over half of those being under the age of 30, according to the National Multifamily Housing Council (NMHC). Millennials, along with older members of Generation Z, are choosing to rent instead of buying condos or houses for a number of reasons, including affordability, flexibility and a greater focus on careers and education. As rentals and multi-family properties continue to be a growing part of society, brokers and agents have an opportunity to tap into the emerging market of renters’ insurance.“More renters translates into bigger liabilities for landlords, particularly when the renter is a young person generally...Read more >