Property Management News

Housing Gets Big Boost in Biden Budget

The president is proposing funds to increase tax credits, support construction of affordable housing and reduce homelessness. President Joe Biden on Monday proposed spending billions of dollars more to increase housing and to reduce homelessness as part of his $7.3 trillion spending plan for the next fiscal year. Biden’s 1,298-page proposal addresses a wide range of issues, including a number of programs to help cities and states ease the housing crisis.  As he told officials at the National League of Cities conference in Washington shortly after his proposals were made public, “the cost of housing is critical to families nationwide. If inflation keeps coming down, mortgage... Read more

Brokers’ fees are generally the most significant portion of upfront costs. Moving is always a major pain — but new data shows that, for New Yorkers, it’s also...

In the crowded rental market, where numerous properties compete for attention, creating an irresistible offer is a strategic way to distinguish your listing and attract...

Not only are more people renting today, more are doing this by choice. The reason? Housing prices and interest rates are making owning a single-family home more...

The source of income law is in limbo now because on June 27, 2023, a Cortland County Supreme Court judge ruled that the law is unconstitutional to the extent that it...

Can A Landlord Legally Terminate A Section 8...

A landlord can terminate a Section 8 lease if there is just cause. A Section 8 lease is a contract between a landlord and a tenant who receives rental assistance through the federal government’s Housing Choice Voucher Program. While these leases often provide stability for both parties, there may be situations where a landlord needs to terminate the lease. However, it’s important to note that a landlord cannot terminate a Section 8 lease without just cause – there must be a valid reason for doing so. By understanding these guidelines, landlords can ensure compliance while protecting their rights as property owners. Section 8 Leases In the world of rental housing, Section 8... Read more

The Department of Housing and Urban Development (HUD) announced in October 2023 that mortgage lenders may count income from accessory dwelling units (ADUs) when...

Building more housing on larger residential lots could be California's next 'gold rush.' Who knew? Homes on big lots, corner lots and cul-de-sacs are the...

New York City Department of Housing Preservation and Development (HPD) Commissioner Adolfo Carrion Jr. has announced a new program that encourages New Yorkers to build...

Multifamily real estate investments offer significant potential for stable cash flow and long-term financial growth. However, the success of such investments heavily...