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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. What This Means for Landlords For landlords, the Foster v.

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Stessa vs Buildium: Which software is best for you in 2025?

Buildium

read Download Buildium’s 2020 State of the Property Management Industry Report Download Today --> Get the latest industry insights. --> MktoForms2.whenReady(function Renters want quick responses, online payments, and a hassle-free leasing process. Jake Belding Jake Belding | 10 min. hide(); document.getElementById(confirmform).style.display

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Washington State Rent Control: What Multifamily Property Owners and Investors Need to Know Now

Rental Housing Journal

Overview of Washington’s New Rent Control Law Here’s what HB 1217 means for multifamily property owners and investors: Annual rent increase limit: Landlords can increase rents each year by a maximum of either 7 percent plus inflation (measured by the Consumer Price Index for All Urban Consumers, or CPI-U), or 10 percent, whichever is lower.

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What’s the best property management maintenance app? 6 of the top options

Buildium

read Download Buildium’s 2020 State of the Property Management Industry Report Download Today --> Get the latest industry insights. --> MktoForms2.whenReady(function A property management maintenance app is software that’s built to help landlords and property managers stay on top of their repair and maintenance tasks.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. There are a variety of reasons why landlords choose to increase their rent prices and you should understand exactly why youre raising rent and by how much.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. There are a variety of reasons why landlords choose to increase their rent prices and you should understand exactly why youre raising rent and by how much.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

In 2020, the IRS began requiring businesses to report non-employee compensation in a separate form, the 1099-NEC. 1099 Requirements for Property Owners If you own the property you are managing (a private landlord), you do not need to file a 1099 for any work related to that property. Again, this exemption does not apply to LLCs.