Property Management News
Residents more often pay on time and seek communities that enable rent reporting. Reporting renter payment history to consumer reporting agencies (CRAs) has occurred for decades. But recently, renter payment reporting has received fresh attention. With additional focus in recent years shifting to ensuring equitable outcomes for all Americans, implementing rent reporting practices that work for both renters and housing operators is one way to make sure resident populations don’t get left behind. “Apartment operators have shown some reluctance to provide this because it’s hard to do and it’s not been a business priority,” according to Nancy Crouch Morlini, AAP, Senior Vice... Read more
As you've probably already figured out, debt plays a big part in your financial life. Not only does it affect your spending ability, but it also has a direct...
The Fair Housing Act makes it illegal for landlords to discriminate against tenants or prospective renters based on their ancestry. (The FHA specifies that...
By Jason Kogok, Author of Plug the Holes Fill the Barrel The best investors have one thing in common - excellent tenant management skills. If you’ve ever owned...
Establishing a good credit score takes patience and discipline Building a good credit score from nothing takes patience and discipline. It won’t happen overnight,...
The state of California will be sealing the criminal records of select former offenders if a certain criterion is met, according to a bill signed by Gov. Newsom on Monday. In order for their criminal record to be sealed, the former offenders must complete their sentence and maintain a clean record for a minimum of four years. Newsom made this decision in hopes that ex-offenders can move on from their past mistakes and cultivate a better life. "There is no government program that is going to do anything better than a system which we give people the tools to be successful and take charge of their own lives by not being a burden and stuck with their past," said Ambrioso Rodriguez... Read more
The government-sponsored enterprise will cover the costs of the program for multifamily borrowers for 12 months. Fannie Mae has launched a pilot program to help renters...
Credit scores saw a jump during the first year of the pandemic. Now, amid high inflation and rising consumer debt, they're holding steady — and that's not...
This week, the Consumer Financial Protection Bureau (CFPB) issued two negative reports on the tenant background check industry. These reports describe an industry that...
Renters occupy many households around the world and this is why becoming a landlord is a highly effective strategy for generating a secure monthly income. Apart from...