Remove 2020 Remove Regulation Remove Rental Unit
article thumbnail

Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. Interested in more information?

article thumbnail

11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Of course, the pandemic has changed the way the 2020 leasing season is operating, but the best practices for successful leasing remain the same. Every year, state and federal regulations for housing change, and these amendments can have a dramatic impact on how you run your business. Review Your Leasing and Addenda Language.

Lease 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. This can result in a decrease in available rental units, as property owners may convert rental properties to other uses or sell them off.

article thumbnail

Rent Control - A Solution? by Gaston Reboredo CCIM CPM

Florida Property Management

million housing units were added to the market between 2005 and 2015, the vast majority of those homes were designed to accommodate only the smallest and wealthiest portion of the rental population. Units renting for less than $800 a month declined by 2%, while units renting for $2,000 or more a month increased by a whopping 97%.

Rent 52
article thumbnail

Population Growth and Housing Costs

Florida Property Management

million according to the 2020 census, Florida is the most populous state in the Southeastern United States, and the second-most populous state in the South behind Texas. are rental units. With a population of 21.5 to 21.2M, a 1.51% increase and its median household income grew from $55,660 to $57,703, a 3.67% increase.