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By Michael Coleman and Faris Babineaux Associates, Haynes Boone As of May 7, 2025, Washington state has a new rent control law under House Bill 1217. Washington is now the third state in the country with a statewide rent cap, joining California and Oregon. It only applies to increases on or after that date.
Oregon lawmakers are considering a bill to make it illegal for landlords to inquire about a potential renters immigration status, according to Oregonlive.com. The bill would also prohibit landlords from denying to rent a home or apartment to a tenant based on the landlords perception of their immigration status.
If you have such a property for rent, youre in a pretty strong position. What should you be charging for rent? Were talking about competitive rental prices and how to know whether youre asking for the right amount of rent. But you dont want to price your home too low because that could leave you below market rent.
Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.
March saw national rents rise slightly for the second month in a row, according to Apartment Lists April report. While the last two months have seen some rent increases, overall national year-over-year growth remains negative at -0.4 At the local level, 82 of the nations 100 largest cities saw rents rise in March.
Multifamily rents maintained a tepid growth rate in June, with strong demand counterbalanced by high deliveries in the Sun Belt and ongoing uncertainty about the economy, according to Yardi Matrix in its June report. Multifamily performance remained solid through mid-year 2025, with rents rising by $20, or 1.2%, over the first two quarters.
Alongside the many positive factors that may pique real estate investors interest, there are three considerations that you may want to keep in mind when considering investing in New York State: Regulatory environment: Passed in 2019, the states Housing Stability and Tenant Protection Act dictates how landlords can operate rent-regulated units.
Rent Growth vs. Operating Expenses: The Profitability Squeeze While home prices have soared, rent growth has barely kept up. The average rent for a single family home in Indianapolis was $1,593 as of Q4 of 2024. This marks only a modest increase of $75 compared to the previous year.
How new rent control rules on rebuilt properties may discourage reconstruction and harm both landlords and tenants in need. We know what it takes to help families and landlords recover and we also know when legislation makes it harder, not easier. If landlords cant rebuild, tenants have nowhere to go. What Is SB 522?
The national median rent was up 0.2 in March, our national rent index has seen its growth rate trending down over the past three months, at odds with the typical seasonal trend ,” writes the Apartment List Research Team. “But The Austin metro is currently the nation’s softest rental market, with the median rent there down by 6.4%
Rent costs have long weighed on lower-income households — now it’s coming for the middle class. That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019.
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. In 2019, both California and Oregon signed statewide rent control laws.
The Federal Trade Commission and the state of Colorado have sued Greystar, the largest multifamily operator in the United States, for deceiving tenants about monthly rent costs by tacking on numerous mandatory hidden fees on top of advertised prices, according to a release. Khan in the release.
However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. million) spent over 30% of their income on utilities and rent. This maximum rent is affordable to those in the $24,000 annual income bracket.
The Oregon Senate has passed a bill to make it illegal for landlords to inquire about a potential renters immigration status, according to the Oregon Capital Chronicle. Calling it a moral imperative, the Oregon Senate voted Monday to ban landlords from asking about or disclosing tenants immigration status. Reinstadler wrote.
Updated 9-18-2019 With a national housing shortage quickly becoming a national housing crisis, lawmakers are desperate to find a solution. One of many potential solutions that gets frequently talked about is rent control. Here are five reasons why rent control is not actually the best solution to the current housing crisis.
California Rent Control and Why it Sucks for Renters. Joining Oregon and New York, California recently became the third state to pass a rent control law aimed at giving tenants added protections regarding rent increases, evictions, and more.
Property Management Blogs, Landlords Need to Read! Updated 12-13-2019 When it comes to property management, we realize there are many issues to deal with each day. One of the most common topics on this blog concerns tenant issues and how landlords should handle them, which is key to making a landlord’s job as easy as possible.
By prioritizing tenant engagement and promptly responding to maintenance requests, landlords can boost satisfaction levels and increase retention rates. The escalating average legal verdicts in real estate from 2015 to 2019 underscore the importance of prioritizing legal compliance measures.
Also known as The Tenant Protection Act of 2019, AB1482 has been a pivotal law in the state of California. This touches some key parts of your rental experience, including how much you charge in rent and how you remove tenants from your property. are not subject to rent control.
Things Every First Time Renter Should Know Updated 1/6/2019 Are you looking into renting your first home or apartment? Know your budget – Before you look into renting, it is essential that you as a future renter know what you can afford for monthly rent payments.
According to an Apartment List survey carried out in 2019, over 5 million renters in the United States fell victim to rental fraud. But, when a landlord is reluctant or refuses to meet you or show the listing through anything other than photos, rest assured you’re probably dealing with a scam listing.
Putting your renters’ safety and wellbeing first is your first responsibility as a landlord. When renting, one of the most important things to think about is the policy regarding lock changes. You have an obligation to give them a safe place to live. By cooperating, we can make everyone’s living environment secure and cozy.
It is your highest responsibility as a landlord to put your renters’ safety and wellbeing first. The topic of lock-changing policies is one of the most important things to take into account when renting. The security and welfare of their tenants should also always come first for landlords.
Pre-move Inspections Renting a home or apartment is more than handing over keys or moving in furniture, it’s a legal agreement. These inspections are designed to protect both the landlord and the tenant. These inspections are designed to protect both the landlord and the tenant. There is a lot of confusion about this law.
As a Hawthorne landlord, spring cleaning is significant for numerous reasons. A spotless and well-maintained property can result in creating a positive impression on possible tenants and make them inclined to rent from you.
As a Michigan Park landlord, spring cleaning is certainly crucial for many reasons. A cleaned-up and well-maintained property can establish a pleasant ambiance and create a positive impression on potential tenants and make them more inclined to rent from you.
You know how flipping houses or becoming a landlord works. Landlords score great rental property tax deductions and earn “forever income” through rental property cash flow while their renters pay off their mortgages. Being a landlord? They’ve paid me 10% interest every quarter since 2019. I’ve done all of that work.
If you’re renting out a property that’s covered by rent control, the amount that you can raise the rent will change every year. If you’re renting out a property in Carson or anywhere in California, you must be up to date on the local, state, and federal rental laws. It’s now the equivalent of one month’s rent.
Within the United States, it contains the highest percentage of people over 65 (17.3%), and the 8th fewest people under 18 (21.9%) Between 2019 and 2020 the population of Florida grew from 20.9M Landlords see maintenance and repair costs increase, property taxes and operating costs, forcing rents to go higher.
An Illinois court has ordered a landlord to pay more than $80,000 for threatening to call immigration authorities (ICE) on a tenant couple who rented an apartment from him in 2020, according to reports. MALDEF filed the suit because the familys landlord threatened to call U.S. No one should feel or act superior to others.
Rent payments have climbed as the national average rent paid in 2024 was $1,302, marking a 31% increase over the past five years, according to a report from Rentec Direct. offering a timely and data-driven look at rent trends from 2019 to 2024.
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