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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. Had Foster’s attorney properly raised the issue earlier, the outcome could have been very different.
Propertymanagers are going to be busy in 2025. According to our 2025 PropertyManagement Industry Report , 91% of propertymanagers we surveyed plan to expand their portfolios in the next two years. But it’s still an essential part of 2025 planning.
To make the most of leasing season, propertymanagers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals. Of course, the pandemic has changed the way the 2020 leasing season is operating, but the best practices for successful leasing remain the same.
2020 Arizona Lien for assessment, collecting late fees Except for condos that have fewer than 50 units and do not have a third-party manager working for them, the association shall provide a statement of account in lieu of a periodic payment book to owners with the same frequency that assessments are provided for in the declaration.
Below are the top reasons a landlord or propertymanager may choose to increase rent: Staying competitive with the local market. If market rent prices in your area are heating up, it might make sense to increase your propertys rent to match it. AB 1482 officially took effect in California on January 1, 2020.
Below are the top reasons a landlord or propertymanager may choose to increase rent: Staying competitive with the local market. If market rent prices in your area are heating up, it might make sense to increase your propertys rent to match it. AB 1482 officially took effect in California on January 1, 2020.
If you find yourself unable to collect rent from your tenant, unable to bring them into compliance after a lease violation, or you suspect the tenant is breaking the law or doing something illegal inside your property, get help from a local propertymanager or an attorney right away. Not vacating. Lease violations.
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