As states have begun to lift stay at home orders, online searches for terms like “apartments for rent” have started to increase. With many renters now on the hunt for new housing, there are a few things you should start doing to prepare. First, it’s strongly recommended that you read through the Centers for Disease… Read more »
Posts Categorized: Property Management
How to Prepare for a Potential Wave of Evictions
Earlier this year, states rushed to put a halt to evictions in response to COVID-19. As some states have now begun the process of reopening, the multifamily housing industry may be at a crossroads with evictions. Eviction moratoriums are set to be lifted in several states, with courts scheduled to begin hearing eviction cases later… Read more »
Could Security Deposit Bans Be on the Horizon?
As a landlord, security deposits are one of the most vital tools you have. While these deposits can only be used in specific instances, they ensure you don’t lose out on money if the tenancy doesn’t go as planned. Unfortunately, security deposits are the latest rental policy to come under fire. The affordable housing crisis, in… Read more »
Tips for Checking in on Your Tenants’ Wellbeing During COVID-19
As the social restrictions for COVID-19 have begun to die down and everything is starting to reopen, renters are likely to start looking for housing again. One of the questions many property managers are likely to hear from applicants is, “How did you handle COVID-19 with your tenants?” There are many ways to be a… Read more »
Prevent Tenant Privacy Violations with Effective Communication
Has COVID-19 made you more concerned about the state of your rental property? If so, you may be considering an inspection. However, before you pay your tenant a visit, it’s important to take their privacy into consideration. Most state laws allow landlords to enter their tenant’s homes under specific circumstances, but they must meet certain… Read more »
Is the Impact of COVID-19 About to Get Worse For Landlords and Tenants?
As of the first week of May, 80.2% of renters around the U.S. had paid full or partial rent, according to the National Multifamily Housing Council. Despite this, the pressure is increasing for landlords and tenants alike as they struggle to cover expenses. The full financial repercussions of the pandemic aren’t yet known, but it’s… Read more »
6 Tools You Need for Virtual Property Management
Working from home definitely has its advantages. The commute is short, your dress code is extremely flexible, and many people find they’re more productive without the typical office distractions. With more people working from home due to COVID-19, you may be wondering: can I be a successful landlord or property manager working from home? With… Read more »
Legal and Practical Questions Arise with Rent and Eviction Moratoriums
States and counties across the country have begun the slow process of lifting COVID-19 self-distancing measures. Despite this, there still remain many areas where shelter in place orders and social distancing remain in effect. Jobs continue to lay off employees and unemployment claims continue to rise in unprecedented numbers. Most states and counties have enacted… Read more »
Evictions during COVID-19: What You Need to Know
COVID-19 has had drastic effects on nearly every aspect of society, including the housing market. As millions of Americans have become temporarily furloughed or unemployed, state and local governments have responded to the threat of mass evictions in a variety of ways. Some areas of the country have completely closed their local courts, effectively suspending… Read more »
How Covid-19 is Affecting the Multifamily Market
The spread of Covid-19 came on rapidly, bringing with it panic and equally rapid economic contraction. This has created an atmosphere of fear and volatility that’s not typically seen in public markets. With the current situation, you may be wondering what might be in store for the multifamily housing industry. While there’s no way to… Read more »