In August, Florida landlord Santiago A. Alvarez enacted a policy requiring his tenants to get vaccinated for COVID-19—or face eviction. Alvarez, who owns eight apartment complexes with 1,200 units total, decided to require vaccines after 15 of his tenants died of the virus. His new policy also states that applications from prospective tenants will automatically… Read more »
The Top 10 Long-Term Real Estate Markets to Invest In
Have you been thinking about investing in real estate? Traditionally, real estate has been seen as an effective hedge against inflation; when the price of goods and services go up, so do property values. However, with everything from fix and flips to turnkey properties and Airbnb rentals, you may be wondering what type of real… Read more »
Why Criminal Records Checks Will Become Increasingly Difficult to Get in California
With the decision in the case All of Us or None – Riverside Chapter vs. W. Samuel Hamrick, Clerk, California Superior courts have been removing the “date of birth” search fields in their online portals and public access terminals at the courthouses. This has severely impacted background screening. Often, the name is the only identifier… Read more »
What You Should Know About the Latest CDC Eviction Moratorium Extension
The Centers for Disease Control and Prevention (CDC) announced on Tuesday, August 3, that it will be extending the federal eviction moratorium through October 3, 2021. This announcement was made after the previous moratorium ended on July 31. Like many rental housing professionals, you likely have questions about what’s changed with the latest reiteration of… Read more »
8 Common Tenant Scams and How to Avoid Them
Every landlord wants to have responsible tenants who pay their rent on time, respect the property, and don’t cause any trouble. Unfortunately, there’s always some risk associated with renting your property; this is why it’s essential to be cautious when reviewing applicants and keep an eye out for any red flags that could indicate a… Read more »
What to Know as the Federal Eviction Moratorium Comes to a Close
The federal eviction moratorium has been extended numerous times since the start of the pandemic, but it now appears to be reaching its end on July 31, 2021. This last extension, which prohibited evictions for an additional month, was intended to give Congress more time to determine a long-term solution to the looming wave of… Read more »
Strategies You Can Implement Now to Help with Future Nonpayment of Rent
Rental income is one of the primary reasons many people invest in rental properties. Unfortunately, rent collection doesn’t always go smoothly—especially if your tenants have been impacted by COVID-19. The federal eviction moratorium and state moratoriums make nonpayment of rent even more complicated, as qualifying tenants cannot be evicted due to nonpayment. Whether you’re dealing… Read more »
Actions You Can Take if You Can’t Evict a Tenant
The federal eviction moratorium has been extended another month, with an end date of July 31, 2021. The CDC says this will be the last time the moratorium will be extended, however, some states (like California) have extended the moratorium even longer. While evictions can still take place under some circumstances, all evictions based on… Read more »
Lowering The Rent Creates a Permanent Income Reduction for Landlords
The pandemic has caused unprecedented migrations from metro areas and rent declines nationwide, but San Francisco property owners have been hit especially hard, with rents decreasing by nearly 27% between early 2020 and early 2021. Lower Rents, More Incentives, and Less Money for Landlords While many renters have struggled to get by, so too have… Read more »
How to Handle Rent Collection with COVID-19
The Federal eviction moratorium is set to expire on June 30, 2021, with nearly 9 million households behind on their rental payments. Although it’s unclear whether the moratorium will be extended as it has in the past, it appears this is the end of the line for it, along with the few remaining state moratoriums… Read more »