Property Management News
Property owners face a dilemma when deciding how to deal with overdue rent. Current unemployment levels and the extension of the eviction moratorium have allowed tenants to accumulate overdue rent with little to no legal recourse available to property owners to recoup their losses. According to a recent Census Bureau Survey, 8.9 million renters are behind on their rent and approximately 15.9 million renters have slight or no confidence that they will be able to make their next rent payment. Current options include eviction/litigation against tenants with large amounts of rent in arears, forfeiting rent owed, trying to attract new tenants by reinvesting in the property, or exploring... Read more
Tired of chasing tenants for rent payments? Wish there was an easy way to motivate renters to pay on time every month? Here is the one solution that just works: Automate...
Credit scores can be confusing, especially for those new to the credit world. Today there are more tools than ever for keeping track of, or helping to improve, credit...
Early on in the COVID-19 pandemic, many observers had dire predictions about what would happen with apartment rents. “If you go back to when this started in March,...
While the recent CDC moratorium on evictions requires that tenants sign a declaration under penalty of perjury, detailing why they can’t keep up with rent payments and...
Playing by the rules In some cases, it’s hard to even know exactly what the latest regulations are covering collections and evictions. The regulations can differ not only per state but even in different counties in a state. Some moratoria are set to expire over the summer; in others, they extend over a longer period. Maria Banks, President, and CEO of AMLI Property Management had this to say about the confusing situation: “It is very challenging. I would say it’s almost a full-time job for a number of people. We are in nine different markets. Sometimes the county has different jurisdictional requirements, and sometimes a municipality’s regulations may differ from the county ones.... Read more
Consumers are motivated to pay their credit card bills and loans on time each month because they know that account will be reported to the credit bureaus and if they pay...
Owning residential properties and renting them to tenants is a business. However, many landlords are currently struggling. Because of the coronavirus pandemic, many...
Rarely, if ever, has the United States collectively experienced a crisis like this pandemic, with a wide-ranging impact in all regions and walks of life. Yet at this...
If all goes well after termination of lease and inspection of the apartment, landlords return the tenant’s entire security deposit. However, what happens in the...
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