Blackstone Group agreed to buy single-family rental company Home Partners of America for $6 billion, betting the demand for suburban housing will stay hot even as the pandemic eases. Home Partners, which is being acquired by Blackstone Real Estate Income Trust, owns more than 17,000 homes across the U.S., according to a recent statement. The company […]
Century 21, Keller Williams Included in Discrimination Suit
A law firm working with a housing rights advocacy group on Wednesday sued dozens of real estate agents and companies — including high-profile players such as Keller Williams, EXIT Realty and a Century 21 franchise — over claims of discrimination against lower-income tenants. Law firm Newman Ferrara filed the suit, which is based on an […]
UPDATE: Eviction Moratorium Extensions; Options When Moratoriums End
Update June 29 – Supreme Court Ruling – The U.S. Supreme Court refused to lift a ban on evictions for tenants who have failed to pay all or some rent during the coronavirus pandemic. By a 5-4 vote, the court left in place the nationwide moratorium on evictions issued by the CDC. The Alabama Association […]
Rent Relief Simplified as End of Eviction Moratorium Looms
California’s emergency rent relief program ($2.6 billion in total ) is designed to help tenants pay for their housing and help the state avoid high levels of eviction statewide. The program is especially relevant as June 30, the expiration date for the state eviction moratorium, inches closer. Californians have applied for $473 million, but only $20 […]
Summary of CA Rent Relief Law
The following is a brief summary of the Rent Relief Law signed Aug. 31 by Gov. Gavin Newsom. It coincides with the eviction moratorium announced by President Donald Trump on Sept. 1. California Tenant Relief Act: When a tenant has not paid rent for any period between March 1, 2020, and Jan. 31, 2021, the COVID-19 […]
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 […]
It’s Official: New Housing Laws
Gov. Gavin Newsom signed two bills into law last week that are meant to address the housing/homeless crisis. One caps rent increases in multi-family structures, the other limits public hearings on developments. SB 330 creates more certainty for developers constructing new housing units, by permitting no more than five public hearings to approve a proposed […]
UCLA Report Links Evictions, Homelessness in LA County
More than a half million renters have been evicted in Los Angeles County over the past eight years, according to a new report by Public Counsel and the UCLA School of Law that calls on county supervisors to adopt permanent rent control measures. Between 2010 and 2018, landlords filed 505,924 eviction proceedings in Los Angeles County […]
L.A. to Outlaw Section 8 Discrimination
wikiHow The Los Angeles City Council moved forward last week with a law that would bar landlords from refusing to consider tenants with Section 8 vouchers. In a 12-0 vote, the council instructed the city attorney to draft an ordinance that would extend protections against so-called source-of-income discrimination to people who pay with vouchers. Housing […]