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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. The district court ruled that Foster owed $5,700 in unpaid rent and $21,240 in late fees.

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Fires and floods are eviscerating US communities, intensifying the housing crisis

American Apartment Owners Association

A Brookings Institution report published in October 2023 shows that effective rents typically rise 4% after a disaster and remain elevated for at least five years. If we had needed to rent or find a less-central location, the response would have been slower.” Across the U.S., states are grappling with similar challenges.

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Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building. The suit claims this is a “taking” of the landlord’s property. The city has retained the law firm Bryan Cave Leighton Paisner.

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Understanding the 20% Pass-Through Tax Deduction for Redding, CA Landlords

Authority Property Management

How Landlords Can Qualify for the 20% Pass-Through Tax Deduction If you're a landlord in Redding, CA , you might have heard about the 20% pass-through tax deduction introduced by the Tax Cuts and Jobs Act ( TCJA ) of 2017. This deduction began in 2018 and is currently scheduled to last through 2025.

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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

According to Curbed LA , Inglewood will impose an immediate 5 percent cap on rent increases for any apartment buildings and duplexes built before February 1, 1995. As California landlords continue to price out tenants, displacement rates have spiked, causing city officials to begin implementing rent control across the region.

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Finding Deductions For Residential Rental Property And Lowering Your Tax Bill

Property Management Inc.

April 10, 2018 By Cassie James, PMI Communications Manager Tax season can be stressful for solo entrepreneurs and landlords. The Internal Revenue Service taxes the rent you collect from your residential rental property as business income. If you pay for multiple years at once, you can only deduct the part that covers one year.

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Why Zillow Rent Estimates Miss the Mark in Redding, CA. A Local Expert's Insight

Authority Property Management

Discover Why Local Insights Outperform Online Algorithms for Reliable Rent Valuations When it comes to renting out properties in Redding, CA, and the surrounding areas, property owners and landlords often turn to Zillow’s Rent Zestimate ® tool for guidance.