If you have a rental property that is generating positive cash flow and is expected to appreciate in value over time, then you must hold onto it for as long as possible. The problem, however, is you might have tenant issues that make you want to sell. Being a landlord...

View Your Tenants As Guardians Of Your Rental Property

Orem, UT

Deseret News

High mortgage rates and escalating rents put Americans in a bind, as new federal housing policies seek solutions

Rent or buy? The current American housing dilemma

Kenosha, WI

The family of Kyle Rittenhouse is begging for money to avoid eviction from their apartment as his sister cites her "brother's unwillingness to provide support or contribute to our family," leaving them to fend for themselves. The family is asking for $3,000 on a GoFundMe set up by Rittenhouse's sister,...

Kyle Rittenhouse's family beg for money to avoid eviction as he's 'unwilling to support them'

New York City, NY

MarketRealist

Earlier this year, the "tiniest apartment in Manhattan" available to rent for $1,200 a month made headlines.

This balcony with a bed is listed for rent at $244 per week; landlord calls it a 'sunny room'

Minneapolis, MN

If there is one conclusion that unites economists, it is that rent control is not the answer to the affordable housing crisis. A poll of economists at prominent universities conducted by the University of Chicago Booth School found that 81% of respondents opposed rent control, while only 2% supported it. Most economists believe that rent control laws are counterproductive, disincentivizing the construction of new affordable housing and the maintenance of existing stock. In effect, these laws exacerbate the housing shortage they were enacted to address and, if anything, push overall rents higher.

NMHC’s Wilson Géno on the Affordability Crisis and the False Promise of Rent Control

Aurora, CO

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David Heitz

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

Virginia State

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Margaret Minnicks

WVTF reported that a new Virginia law will become effective on July 1, 2024. The law will prevent utility companies from disconnecting services on various occasions, which could leave someone without power for days.

A new law will keep utilities from being disconnected on weekends and holidays in Virginia

Fortune

Renters are getting better deals on apartments now, but asking rents are still considerably higher than pre-pandemic. For years, it’s felt as if rent has gotten out of control. And that’s partially true, considering median rent prices are more than 21% higher today than they were in 2019. But rents are starting to drop ever so slightly.

Renters finally get some good news as power begins to swing away from landlords

President Joe Biden revealed a series of proposals aimed at lowering housing costs on Tuesday as inflation and elevated home prices are shaping up to be decisive issues for voters this year.

Biden unveils plan to cap rent hikes

The Independent

 Landlords have come under fire for banning prospective tenants from working from home, resulting in calls for new legislation to protect renters. In what appears to be a new trend, adverts for shared homes have been appearing, specifying that the potential new occupant must not work from home. Now, the charity Generation Rent has called upon the new government to impose regulations to stop the practice, which is arguably given force by Section 21 “no-fault” eviction powers. Concerns have been echoed by British renters, including one fully remote disabled worker who told The Independent that such practices put people...

The worrying trend of landlords banning tenants from working from home

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

We’re only slightly exaggerating when we say that the cost of owning and operating a car in 2024 is as expensive as it was to own or rent and maintain a place to live 10 or 20 years ago. Only slightly exaggerating. And, in some cases, maybe the statement is actually in line with reality.

The Cost Of Driving Is As Bad As The Cost Of Housing

Labour will “take action where the previous Government has failed” on protections for renters – including ending no-fault evictions.Its Renters’ Rights Bill will take up the baton on tackling issues that campaigners said the Conservatives’ Renters (Reform) Bill – which fell after Rishi Sunak called the General Election – had failed on.That Bill, which had been described by homelessness charity Shelter as a “once-in-a-generation opportunity” to address problems facing renters, had reached its second reading in the House of Lords when the General Election was called and Parliament was dissolved.Too many people currently live with the threat of insecurity and...

Renters’ Rights Bill ‘will give greater protections and end no-fault evictions’

A council in Surrey hopes to reduce the amount it spends on emergency housing by leasing more properties from private landlords. Epsom & Ewell Borough Council (EEBC) currently provides temporary units to 250 households. Of those, 90 are nightly accommodation. The council is asking landlords of three, four and five-bedroom...

Council asks landlords to provide emergency housing

Las Vegas, NV

Oklahoma Voice

President Joe Biden wants to cap yearly rent increases on corporate owned properties nationwide at 5% and free up federal land in Nevada to build more affordable housing. The White House announced a series of proposals on Tuesday to address the growing housing crisis, which includes calling on Congress to pass legislation to stabilize rents […]
The post Biden proposes 5% cap on rent hikes for corporate-owned apartments appeared first on Oklahoma Voice.

Biden proposes 5% cap on rent hikes for corporate-owned apartments

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

In order to eradicate the housing shortage problem and promote the development of affordable housing, the organization El Otro Puerto Rico (EOPR) drafted a proposal to create the Access to Decent Housing Act, whose suggestions include regulating both long-term and short-term rentals. According to the association's executives, one of the...

EOPR proposes regulation of short and long-term housing rentals

Alabama State

GOBankingRates

In spite of inflation gradually slowing, home prices across the U.S. remain high. However, there are still more than a handful of states where you can purchase a home for less than expected. Check...

Housing Market Study: 10 Most Affordable States To Buy Homes This Summer

NewsBreak

The Residual Effect on Rent Inflation of the Eviction Moratorium

Today’s column will be a brief one, because it’s summertime and the people on the beach generally don’t read my column. I saw a headline today...

The Residual Effect on Rent Inflation of the Eviction Moratorium

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