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Property Management News

Reporting Apartment Rent Payments Takes on...
Reporting Apartment Rent Payments Takes on...

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

How Debt Affects Your Credit Score

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...

How to Avoid Discriminating Against Someone Based...

The Fair Housing Act makes it illegal for landlords to discriminate against tenants or prospective renters based on their ancestry. (The FHA specifies that...

The Art of Tenant Management in 3 Easy Steps

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...

How Long Does It Take To Build Good Credit From...

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,...

Gov. Gavin Newsom Signs New California Law...
Gov. Gavin Newsom Signs New California Law...

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

Fannie Mae Initiates Rent Payment Reporting Pilot

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...

The Average Credit Score Didn’t Go up This...

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...

CFPB Reports Highlight Problems with Tenant...

This week, the Consumer Financial Protection Bureau (CFPB) issued two negative reports on the tenant background check industry. These reports describe an industry that...

Becoming A Landlord And Leasing Your Property For...

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...