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Rising Above Price Gouging: How One AAOA Member Brings Hope to Displaced Families Amid L.A. Fires

American Apartment Owners Association

Thousands of families displaced by the fires are struggling to find housing, and in some cases, rents are spiking alarmingly in areas affected by the destruction. California Attorney General Rob Bonta urged residents to report suspected price gouging. Well take it from there,” he said.

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Attorney General Secures $1 Million from Landlord Involved in Rent Price-Fixing Scheme

Rental Housing Journal

Attorney General Brian L. Smith) has agreed to pay over $1 million and reform its business practices to resolve allegations that it conspired with other district landlords, using rent pricing software from RealPage, Inc., to inflate rents at more than 50,000 apartment units across the district, according to a release.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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Washington Attorney General Says RealPage ‘Cheating Renters’

Rental Housing Journal

The Washington Attorney General has filed a new lawsuit against RealPage and nine local landlords claiming they conspired to harm tenants and violated the Consumer Protection Act, according to a release. RealPages unfair practices are cheating renters and pricing families out of stable housing, said Attorney General Nick Brown in the release.

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Help residents build credit with Resident-Link by IDIQ

Yardi Breeze

Fortunately, one of the easiest ways to help residents build credit is to have their rent payments reported to major credit bureaus. The ability to improve credit simply by paying rent gives them a reason to stay longer at your property. Others are having a hard time building good credit in the first place.

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. With the right software, you can automate rent collection, handle maintenance requests, stay on top of lease renewals, and keep detailed financial records. Plan for those cycles financially.

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Big US Cities Challenge Algorithmic Rents

American Apartment Owners Association

San Francisco and Philadelphia are leading the charge against rent-setting software, passing laws to regulate the use of algorithmic systems that leverage nonpublic data. Critics, however, argue that targeting rent algorithms is a distraction from the root cause of rising housing costs: a lack of supply. They’re here.”

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