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Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.

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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

According to Curbed LA , Inglewood will impose an immediate 5 percent cap on rent increases for any apartment buildings and duplexes built before February 1, 1995. As California landlords continue to price out tenants, displacement rates have spiked, causing city officials to begin implementing rent control across the region.

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New Laws for LA Landlords

Real Property Management Choice

Backyard Plants According to AB2561, landlords are required to permit a tenant to do “personal agriculture” in their outdoor backyard using portable containers you have approved. However, this law exempts properties with less than five parking spaces or properties with subject to rent control. According to senate bill No.745,

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Playa Vista Landlords: Capitalize on the Rising Popularity of Rental Properties

Real Property Management California Coast

A recent study was completed looking at the change over time in renter versus homeowner rates between 2006 and 2016. People who rented a home or unit increased by more than 23 million during this period, as found by the US Census. million people, this rate shows that renting is meeting the needs of many.

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Adams Morgan Landlords: Capitalize on the Rising Popularity of Rental Properties

Real Property Management DC Metro

A recent study was performed looking at the change in renter versus homeowner rates over time between 2006 and 2016. Individuals who rented a home or unit increased by more than 23 million during this period as found by the US Census. million people, this rate indicates that renting is meeting the needs of many.

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Importance of Social Media for Rentals

Authority Property Management

Use Social Media to Your Advantage Are you a landlord who is looking for new ways to attract tenants to your rental properties? According to a New York Times article , Facebook said that the average amount of time that users spent on Facebook, Instagram, and the Messenger app in 2016 were almost an hour every day.

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HUD Bans Using Arrest Records

Real Property Management DC Metro

The Department of Housing and Urban Development (HUD) issued new guidance on April 4th, 2016 that is going to require all single-family and multifamily rental professionals to revisit their policies. For example: income must be xx times the monthly rent.