Property Management News

Navigating the Waters of Resident Relations: A...

Navigating the complexities of property management includes dealing with fair housing claims, a task that becomes even more challenging when a claim of retaliation is added to the mix. This article aims to provide strategies and insights to help property managers and staff prevent fair housing retaliation claims, ensuring a harmonious living environment for all residents. Understanding Retaliation in the Housing Sector Retaliation occurs when a resident, having filed a fair housing claim, alleges that they are being mistreated in response to their claim. Retaliatory actions can vary widely but are united by their potential to exacerbate an already sensitive situation. For instance,... Read more

In most states, landlords are required to give tenants 30-60 days’ written notice before selling their rental property. This is to allow tenants sufficient time to...

If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the...

A landlord can increase rent by up to a certain percentage or amount specified by local rent control laws. Rent increases are subject to local rent control laws which...

A landlord can charge for lost keys, usually ranging from $50 to $200, depending on the market and circumstances. Welcome to the world of being a tenant where...

What Are the Exceptions to Mortgage Due on Sale...

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... Read more

Yes, a landlord can raise the rent if a girlfriend moves in. However, it is important to review the terms of the rental agreement to see if there are any restrictions...

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...

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...