Remove 2020 Remove Lease Remove Rent
article thumbnail

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.

article thumbnail

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

Rental Housing Journal

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

But on the other hand, their growth expectations are, again, equivalent or greater than their expectations back in 2019 and 2020. First: Leasing has become less profitable, with renters moving less often than they have in previous years. Factors Impacting Property Management Companies Profitability So, whats going on here?

article thumbnail

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

article thumbnail

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 Maintenance affects tenant satisfaction and lease renewals, beyond the upfront cost of each job. 6 of the top options Jake Belding Jake Belding | 12 min.

article thumbnail

How to switch your short-term rental strategy and market mid-term rentals?

Rentals United

This rental model combines the income potential of short-term stays with the reliability of longer leases. The pros and cons of renting mid term Pros Steadier income. As a response to the increased demand for longer stays, Agoda introduced in 2020 a Long Stay promotion option. Lower turnover costs.

article thumbnail

South Marine Riverfront 2 Beds Condo w/ Water Views @ Tugboat Landing

Sunstar Realty

Address: #302- 2020 E. Lease term: minimum one year lease. Rent includes 2 parking stalls. _ Move-in/out fees: as per strata bylaws. The 4 pcs primary ensuite has a soaker tub w/ shower and insuite laundry. The second bedroom is at the other end of the condo. The 3 pcs second bathroom has a walk-in shower stall.