Property Management News
After nearly four years, the country’s largest apartment owners are beginning to see revenue trickle in from units where renters were protected by pandemic-inspired moratoriums from evictions or rising rents. Turning those small revenue streams back on helped multifamily-focused REITs tread water in an increasingly choppy sea, according to fourth-quarter earnings calls. Looming twin waves of loan maturities and construction deliveries have kept rent growth down in recent months, but the REITs eked out razor-thin margins over analysts’ expectations. Small gains and a slow pace seem to be the name of the game as 2024 plays out, boosted slightly by companies’ restored ability to... Read more
L.A. city council forwards plan to protect renters Renters in the city of Los Angeles who adopted a COVID cat or a pandemic pooch may no longer have to worry...
For three years, renters in Los Angeles County have been given new protections from eviction if they couldn’t pay their rent due to the pandemic. But on Friday, the...
After about three years of shielding tenants from evictions due to non-payment of rent, L.A. County is set to scrap renter protections tied to the COVID-19...
Multifamily landlords in Los Angeles are fighting back against a recently approved set of eviction and rent protections for tenants throughout the city. ...
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 many... Read more
Read the full White House Press Release Here. The White House announced Wednesday it is taking strategic steps to protect renters, including setting up limits on...
The L.A. City Council voted Friday to vastly expand tenant rights by approving a package of new protections meant to keep renters housed after pandemic-era...
L.A. County will extend its eviction protections for tenants affected by the COVID-19 pandemic by one month, following a vote Tuesday by the County’s Board of...
Designing residential amenities at a luxury building in Manhattan during the height of the pandemic was no easy task. Wealthier New Yorkers were leaving the city in...
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