Property Management News
With just one week left until pandemic-era eviction rules were set to expire, the L.A. County Board of Supervisors voted Tuesday to extend COVID-19 renter protections for another two months. Low-income tenants across L.A. County who can’t pay rent due to hardships brought on by the pandemic were scheduled to lose eviction protections after Jan. 31. The expiration could have left an estimated 226,000 households in the region with past-due rent vulnerable to eviction if they couldn’t pay February rent on time. The extension, approved Tuesday evening after a lengthy public comment period, will keep those pandemic-related eviction safeguards in place through March 31. “For... Read more
Every property manager or management company is different, with different skills and different goals, but in general property management services are designed to take...
With rents at all-time highs and few pandemic protections in place, US housing officials are looking to judges to slow the rise in evictions. The US affordable...
Chicago had one of the nation’s highest foreclosure rates in the first half of 2022 as the end of moratoriums pushed the numbers back toward pre-pandemic...
As pandemic rental relief recedes, police are called when flare-ups about the rent escalate Many pandemic-era tensions have eased, but during a time of inflation,...
When faced with delinquent renters, owner/operators and onsite teams can face up to four stages of revenue recovery. The quicker each stage is addressed, the quicker it may be resolved. Early and automated communication with the resident is key to achieving success, and recovering lost revenue. Depending on the location of the property, a complete eviction process can take more than 40 days to reach a conclusion. The chances of revenue recovery, as well as mitigating costs, rely on addressing the problem as soon as legally possible. Some areas of the United States, especially larger metropolitans, are struggling with backlogs that bring significant delays to resolutions. In New York, for... Read more
To expedite evictions, avoid hiccups and keep delinquency time as low as possible, it’s crucial to know what is causing the delays. While pitfalls exist each step of...
Effective September 12, 2022 by Administrative Order of the NY CHIEF ADMINISTRATIVE JUDGE OF THE COURTS, landlords will be required to use a new Notice of Petition...
Property managers are navigating a minefield of issues in today’s apartment market. Analyzing renter applications for fraud, collecting overdue rent and turning over...
‘The upside is tremendous,’ one credit expert said. Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will...