The Oakland City Council approved a proposal on April 18 that will end Oakland’s COVID-19 eviction moratorium on July 15. The moratorium was put in place in March 2020 and protected tenants from evictions due to COVID-related rent debt. With the end of the moratorium, Oakland landlords will regain the power to evict tenants if…
The End Is Near: California’s Last Eviction Moratorium Will Expire on July 31
July 14, 2023
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Commentary For the last three years, countless ears have been deaf to the cries of injustice from property owners and landlords throughout California. They cry injustice over a well-intended eviction moratorium. A moratorium that has left behind a troubling void of millions in unpaid rents, the collateral damage of foreclosures, bankruptcies, and displaced landlords and…
‘Very Real Risk’ of Landlords Exiting Rental Market Amid Soaring Mortgage Rates
There is a “very real risk” of landlords quitting the rental market under the pressure of soaring mortgage rates, a property firm has warned. According to research conducted by Savills, Investors’ net profits fell below 4 percent in the first quarter of 2023, marking a “dramatic shift in finances” for mortgaged buy-to-let buyers. Average net…
Government to Exempt Landlords From Regulations to House Illegal Immigrants
Government plans to cut millions spent every day on hotels for illegal immigrants will see landlords exempt from adhering to basic housing requirements. The temporary move—expected to be passed almost immediately by Parliament—will mean landlords will no longer legally need to stick to stringent housing regulations, including those on safety. The changes will allow landlords…
Buena Park to Regularly Inspect Apartments to Combat ‘Bad Actor’ Landlords
May 2, 2023
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Buena Park is looking to crack down on what some city councilors call “bad actors,” who haven’t kept up with maintaining their rental properties. The Buena Park City Council voted 3–2 April 25 to require some multi-family apartment complexes to be inspected by city code-enforcement officers in a three-year cycle. Due to the split vote,…
Pennsylvania Offers $50,000 Grants to Low-Income Homeowners for Repairs
April 24, 2023
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In Pennsylvania, where the median income is $68,000 per household or $38,000 for individuals, taxpayers are giving low-income homeowners and landlords up to $50,000 for home repairs. Homeowners will get grants and landlords with affordability restrictions will get loans. The state legislature passed the Whole-Home Repairs Program in the summer of 2022 with $125 million…
AG Bonta: 1.5 Million California Renters at Risk of Eviction
July 22, 2022
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As many as 1.5 million renters in California are facing eviction and continue to struggle paying rent after many COVID-19 rent moratoriums ended, according to state Attorney General Rob Bonta. Bonta’s office has issued guidelines asking law enforcement across the state not to respond to illegal attempts to remove non-paying tenants (pdf). “Nearly 1.5 million…
7 Tips for Collecting Rent On Time
Cash flow is the name of the game for landlords. Positive cash flow ensures your rental properties turn a profit, while negative cash flow indicates your investments are nothing more than financial drains. And while there are literally dozens of factors that influence cash flow—including the types of properties you invest in, the rates you…
London Tenant Who Stabbed Landlords to Death During Lockdown Guilty of Double Murder
A tenant who stabbed his landlords to death after becoming paranoid about Covid during the first national lockdown has been found guilty of double murder. Daniel Briceno Garcia, 46, attacked Sonia Butron Calvi, 66, and Edgar Aguilera Daza, 60, at the home they shared with five others in Stockwell, south London, on April 1, 2020….
New Jersey Congressional Delegation Wants Murphy to Dole out More Federal Money to Tenants and Landlords
Democratic congressional representatives want New Jersey Gov. Phil Murphy to give more federal money to help struggling tenants and landlords. The state Department of Community Affairs (DCA) says it has already allocated about 60 percent of the first portion of $353 million in federal Emergency Rental Assistance Program (ERAP) funds allocated to the state. States…
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