Property Management News
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 housing crisis has not spared the Land of Enchantment. Rents are skyrocketing in Albuquerque, New Mexico’s largest city, rising nearly 40% since March 2020, according to Apartment List. In nearby Santa Fe, the average two-bedroom apartment goes for $1,400, comparable to rents in larger and more exclusive metros. New Mexico’s eviction moratorium expired in April, allowing landlords to force out tenants who can’t keep up with rising costs. But renters struggling in Albuquerque and other places across the state have a... Read more
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 levels. Some...
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...
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 form when starting a summary eviction proceeding for the nonpayment of rent in the City, Town and Village Courts in the Eighth Judicial District, Erie County and the District Court in the Tenth Judicial District, Suffolk County. Information will be provided to tenants on how to respond to (“answer”) the Petition . This is a pilot project under Article 7 of the Real Property Actions and Proceedings Law involving residential property. The Notice of Petition form shall be used in place of the form set forth in... Read more
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 improve...
In a sign of the times, a fed-up Queens landlord posted two giant banners calling out his allegedly deadbeat tenants for owing him $17,000 in back rent. “MY TENANTS ON...
In a unanimous vote on Tuesday, the D.C. Council permanently barred landlords from filing evictions against tenants who owe less than $600, sealed some eviction...
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