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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. That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019.

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Rent Control 101: Understanding the Basics

American Apartment Owners Association

As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. In 2019, both California and Oregon signed statewide rent control laws.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. million) spent over 30% of their income on utilities and rent. This maximum rent is affordable to those in the $24,000 annual income bracket.

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FTC, Colorado Sue Greystar For Deceiving Tenants On Rent Prices

Rental Housing Journal

The Federal Trade Commission and the state of Colorado have sued Greystar, the largest multifamily operator in the United States, for deceiving tenants about monthly rent costs by tacking on numerous mandatory hidden fees on top of advertised prices, according to a release. Khan in the release.

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Rent Control Is Not The Answer

Authority Property Management

Updated 9-18-2019 With a national housing shortage quickly becoming a national housing crisis, lawmakers are desperate to find a solution. One of many potential solutions that gets frequently talked about is rent control. Here are five reasons why rent control is not actually the best solution to the current housing crisis.

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Rent Control California AB1482

Authority Property Management

California Rent Control and Why it Sucks for Renters. Joining Oregon and New York, California recently became the third state to pass a rent control law aimed at giving tenants added protections regarding rent increases, evictions, and more.

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8 Property Management Blogs Every Landlord Should Be Reading.

Authority Property Management

Property Management Blogs, Landlords Need to Read! Updated 12-13-2019 When it comes to property management, we realize there are many issues to deal with each day. One of the most common topics on this blog concerns tenant issues and how landlords should handle them, which is key to making a landlord’s job as easy as possible.