Property Management News
According to the Garn-St. Germain Depository Institutions Act of 1982, a mortgage lender may not exercise its option pursuant to a due-on-sale clause for residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, upon: (1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death... Read more
The National Multifamily Housing Council (NMHC) has released their Pulse Survey on Operational Impact of Rental Application Fraud and Bad Debt, which was conducted from...
High mortgage rates and changing attitudes on ownership push people toward rentals. The American Dream has always included homeownership, but, in the face of an...
Taxes are perhaps one of the most boring and painful of all topics that one can choose to discuss. That is unless you are a real estate investor! The ability of real...
Not only are more people renting today, more are doing this by choice. The reason? Housing prices and interest rates are making owning a single-family home more...
The multifamily sector could face a significant shock in the coming months. Despite the persistence of high rental prices, numerous renters are foregoing home ownership due to the challenges, stress and expense of buying. This confluence of factors raises the likelihood of more households with roommates in multifamily communities. It also increases the risks of financial challenges for owners, particularly in regards to parking. Even with an influx of new supply and the slight deceleration of rent growth across various regions, housing costs present a significant challenge for many residents. Solo renting is simply unfeasible for some renters. Compounding this is the continuous news... Read more
The source of income law is in limbo now because on June 27, 2023, a Cortland County Supreme Court judge ruled that the law is unconstitutional to the extent that it...
The past few years have been a rollercoaster for the IRS and taxpayers alike. In 2020, Congress passed two rounds of stimulus checks, and Tax Day was postponed until...
The California Apartment Association urged the court to hear a major property-rights challenge to tenant protections in NYC The Supreme Court on Tuesday declined to hear...
The benefits of having pets on property are extensive, from happier residents and increased social opportunities to providing a generally more attractive place to live....
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