Property Management News
The decision means that after Dec. 31, many renters in the nation’s largest county will no longer be protected from eviction if they cannot pay rent due to economic hardship related to COVID-19. “Given the resources we put into play — the financial resources to help both tenants and landlords to collect back rent — it’s time for us to begin moving forward,” said Supervisor Kathryn Barger, who presented the plan for a Dec. 31 phase-out. That Dec. 31 date isn’t new. Under the current rules passed by county leaders in January, COVID-19 tenant protections are only scheduled to last through Dec. 31. However, the county has repeatedly extended the protections as previous... Read more
The few dozen steps spanning the length of a new studio unit at Domain Heights incorporate a veritable check, check, check of what developers have billed as the...
Freddie Mac surveyed urban renters to examine how the COVID-19 pandemic may have changed their perceptions about city living. Survey results showed that urban...
Rent control advocates say corporate homebuyers are driving up the costs of rentals, but that doesn’t capture the whole picture of what’s going on in the...
Landlords and renters stage street protests outside City Hall Landlords’ hopes were dashed when the Los Angeles City Council voted 11-1 to continue a declaration of...
Henry Manoucheri, the chief executive of Universe Holdings — a Century City based multifamily investment firm with 3,000 units in Southern California — estimates that more than 300 of his tenants owe back rent. A lot of it. As in two years’ worth, in many cases. “The fact that they have extended (Los Angeles County’s eviction moratorium) has created a big disaster for many owners,” he said. Manoucheri is caught in the same dilemma as many landlords who aren’t collecting rent from their tenants but can’t evict them because of a Los Angeles County-imposed moratorium that recently was extended into next year. “Eviction bans such as the county’s merely encourage... Read more
Two years into the pandemic, hundreds of thousands of Southern Californians are still behind on their rent. For now, state and local laws protect them from...
Today’s multifamily fitness centers are staying open longer and going high-tech. Fitness centers have long been an important amenity for multifamily dwellers. But...
The COVID-19 pandemic has had a big impact on renters’ wants and needs, according to a new report from the National Multifamily Housing Council (NMHC) and Grace Hill....
The adoption of technology is crucial to multifamily market’s growth, according to Tony Conary, vice president of sales at SmartRent, who said COVID-19 has drummed...
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