Property Management News
College graduates say they’re struggling to get ahead due to soaring rental costs that are draining the bulk of their newly earned paychecks. The National Association of Collects and Employers’ most recent complete data shows that in 2020, the average starting salary for college grads was around $55,000, up more than 14% from ten years prior. However, rents are rising faster than those paychecks. According to Apartment List’s data, the median apartment rent has risen by more than 16% in the last year alone. Rents are up by 28% since 2017. “That’s pretty astronomical rent growth,” said Chris Salviati, a housing economist at Apartment List, in an interview with the Wall Street... Read more
There is a growing movement among tenants’ rights groups to abolish or limit the use of criminal background checks by landlords and property managers. They believe...
Property managers are navigating a minefield of issues in today’s apartment market. Analyzing renter applications for fraud, collecting overdue rent and turning over...
Being a property manager or landlord comes with a lot of responsibility. Not only do you have to maintain the property and keep up with repairs, but you also have to...
‘The upside is tremendous,’ one credit expert said. Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve...
Freddie Mac announced Wednesday that on-time rental payments will be included in its underwriting system. The government-sponsored enterprise said that it hopes to incentivize “responsible” renters to make a leap into homeownership. According to Freddie, this option is now available and will allow mortgage lenders to submit a borrower’s bank account data that shows a 12-month streak of on-time rent payments to its automated underwriting system. Michael DeVito, CEO of Freddie Mac, said in a statement that millions of potential borrowers have been blocked off from homeownership because they lack a credit score, or have a limited credit history. “By factoring in a borrower’s... Read more
If you’re looking for property management software, it can be difficult knowing where to start. In this blog post, we review one of the highest-rated property...
A federal appeals court panel has appeared skeptical of a Seattle law preventing landlords from inquiring about the criminal background checks of prospective tenants,...
Whether you own income property in Alaska or Florida, Hawaii or Maine, manage a large apartment complex or just rent out a room in your home, you need the support of the...
The right rental property stands to net you a small fortune on a monthly basis. However, if this is your very first foray into rental property ownership, it’s...
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