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Rising Above Price Gouging: How One AAOA Member Brings Hope to Displaced Families Amid L.A. Fires

American Apartment Owners Association

Thousands of families displaced by the fires are struggling to find housing, and in some cases, rents are spiking alarmingly in areas affected by the destruction. California Attorney General Rob Bonta urged residents to report suspected price gouging. Well take it from there,” he said.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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Big US Cities Challenge Algorithmic Rents

American Apartment Owners Association

San Francisco and Philadelphia are leading the charge against rent-setting software, passing laws to regulate the use of algorithmic systems that leverage nonpublic data. Critics, however, argue that targeting rent algorithms is a distraction from the root cause of rising housing costs: a lack of supply. They’re here.”

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What to Do If You’re Facing a Rent Increase

Bay Property Management Group

Rent increases are pretty much unavoidable. So, if you’re facing a rent increase, there are a few things to remember. Contents of This Article: How Often Can Your Landlord Increase Rent? Washington, DC, property managers know that rent increases are essential to the rental process. Additionally , research local laws.

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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. Each location has its own different requirements and details regarding rent control.

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How to Handle Common Lease Violations

American Apartment Owners Association

When residents lease a property, they sign an agreement outlining their responsibilities, such as timely rent payments. These violations can happen when residents take unauthorized actions or overlook certain responsibilities, like missing rent payments. Mediators facilitate compromise, while attorneys provide essential legal guidance.

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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. What causes rent to increase?