In Riverside and San Bernardino counties, 336,000 adults live in households that are behind on rent due at the end of August, according to the U.S. Census Bureau. That’s 30% of all Inland Empire tenants and almost twice the rate in Los Angeles and Orange counties where 537,000 who live in rentals were late payers […]
7 Ways Landlords Can Maximize Tenant Rent Collection
Many investors have been concerned about collecting rents from tenants due to new rules in place because of the pandemic. Not only have some tenants lost their jobs, but if you put an agency debt on the property, according to the CARES Act, you’re not able to evict tenants, regardless of whether they have lost […]
Rent Agreement Reached
California Gov. Gavin Newsom reached a deal with apartment owners and developers Friday on legislation that would cap how rapidly rents can rise as the state grapples with a housing crisis. The deal would cap annual rent increases at 5% plus inflation, with a 10% maximum increase. That’s lower than the 7% threshold lawmakers had […]
Renters Are Doubling Up
Zillow: Share of Adults Living with Roommates Higher than Ever Before Nearly one in three adults live with a roommate or parent, the greatest share ever reported, according to an analysis by Zillow. As rental affordability deteriorates, more U.S. adults may be choosing to double up to cut costs. A doubled-up household is where two […]