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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Less administrative burden: In this case, the surety bond company handles the collection process and, usually, any litigation that arises as a result of disputes. Instead, it leverages bank-issued lines of credit for each renter and then initiates a draw against the line of credit in the event of damages or unpaid rent.

Tenant 208
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Communities facing rising umbrella liability rates

Mem Property Management

A new phenomenon has emerged that is the result of a dramatic rise in litigation, along with astonishingly large payouts for bodily injury claims, also referred to as “nuclear verdicts.” Litigation funding is another variable. Due to its profitability, the use of litigation funding is expected to continue growing.

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Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Click here to register for the online OR in-person event! Rafael Azizyan Partner, California Property Law Group Rafael specializes in representing landlords in complex litigation cases, including wrongful evictions and tenant disputes. Lets dive deeper into the speakers and their unique insights for this years sessions.

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Importance Of Power Of Attorney When You Own Rentals

Rental Housing Journal

Authority Granted in Power of Attorney Agents have authority to handle matters ranging from business operations, claims and litigation, taxes, and real property transactions. The designated Agent should ultimately acknowledge their duty by signing a certification and acceptance of authority.

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What Needs To Be Included In a California Landlord Insurance Policy?

InveServe

Examples of covered events: A tenant slips on a broken step A visitor trips over uneven pavement A tree falls and damages a neighbors property Important considerations: Choose liability limits that reflect your net worth or property value Consider an umbrella policy for added protection This section deserves significant attention in California, where (..)

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Suit Charges Large Private-Equity Landlords with Discrimination

Rental Housing Journal

NBC news reports the new litigation centers on Tricon Residential, a California-based landlord recently acquired by the Blackstone Group of New York City, one of the country’s more prestigious private-equity firms, and Progress Residential, a landlord owned by Pretium Partners, which is overseen by Don Mullen, a former Goldman Sachs executive.

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Compliance Playbook For US Companies In Response To Europe’s CSRD

Forbes Business Council

According to a recent analysis by Bank of Montreal (BMO) and the Swiss Re Institute, the social inflation rate—the trend of rising insurance claims costs driven by increased litigation—is not expected to slow in 2025, posing a threat to insurer profitability and overall market stability.