Rental Property 10 | Paper Source Online

Texas Supreme Court Ends Enforcement Of National Eviction Moratorium Statewide

Covid-19, Rental Property / By W. J. Mencarow

Published by the Texas Standard | April 2, 2021 Local judges are no longer authorized to pause eviction cases because of the CDC moratorium. Housing courts in Texas are no longer authorized to halt evictions in compliance with a national moratorium, after the Texas Supreme Court this week let statewide protections for renters expire — …

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CDC Will Extend National Eviction Ban Through June 30

Covid-19, Rental Property / By W. J. Mencarow

Published by CNBC | March 29, 2021 The Centers for Disease Control and Prevention has extended the national ban on evictions through the end of June. “The COVID-19 pandemic has presented a historic threat to the nation’s public health,” CDC director Dr. Rochelle Walensky said in a statement. “Keeping people in their homes and out …

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New York Landlord Homeless, Unable to Evict ‘Deadbeat’ Tenant

Covid-19, Rental Property / By W. J. Mencarow

Published by Fox News | March 13, 2021 Sharita Patterson allegedly owes $14,700 in back rent, but bought a new car during the pandemic. A Brooklyn homeowner unable to evict an allegedly deadbeat tenant because of new state housing laws claims she has been forced to live in her car for weeks. Shawna Eccles, 30, says in court papers …

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CDC Considers Extending Eviction Protection for Renters

Covid-19, Rental Property / By W. J. Mencarow

Published by Newsmax | March 27, 2021 The CDC announced a ban on evicting struggling renters during the pandemic last September. The Centers for Disease Control and Prevention recently sent a proposal to the Office of Management and Budget for regulatory review, which experts say indicates the administration will extend the order. The CDC announced a …

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Renters and Biden’s $15,000 homebuyer tax credit

Rental Property / By W. J. Mencarow

Published by Housing Wire | March 16, 2021 Unintended consequences could send home prices up even further The housing industry has been keeping a keen eye on President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time homebuyers. But just how many people would actually benefit from it? According to a report from Zillow, about 9.3 million renter …

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Omar Pitches National Cancellation of Rent and Mortgage Payments Until April 2022

Covid-19, Mortgages, Rental Property / By W. J. Mencarow

Published by The Washington Examiner | March 11, 2021 Rep. Ilhan Omar (D-MN) introduced a bill that seeks to cancel rent and mortgages nationwide through the duration of the coronavirus pandemic. The Rent and Mortgage Cancellation Act would allow for full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on …

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FORBES: How Can Landlords Prepare For 2021?

Rental Property / By W. J. Mencarow

Published by Forbes | March 5, 2020 The coming of the new year didn’t magically wrap up all the turmoil we experienced in 2020. While most of us were more than ready to bid adieu to 2020, there’s still a fair amount of uncertainty as we dive into 2021. While we can see the proverbial …

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Top Markets Where It Makes the Most Sense To Rent vs. Buy

Rental Property / By W. J. Mencarow

Published by REALTOR.com | March 2, 2021 In more than 15 of the 50 largest metros, buying a home was as—or more—affordable than renting in January 2021, according to a recent Realtor.com report. Since the coronavirus pandemic took the shine off expensive (and cramped!) urban living, rents have tanked in some of the nation’s top …

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RealtyTrac: There’s a Greater Chance Landlords Will Default

Rental Property / By W. J. Mencarow

Originally published by Florida Realtors | February 17, 2021 4 Florida counties made the top 25 for increased risk of landlord default, mostly due to an eviction ban that made it harder for some owners to pay the property’s mortgage. A RealtyTrac analysis finds that single-family rental property owners face an above-average risk of default …

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Like Home Buyers, Renters Are Favoring Smaller Markets

Rental Property / By W. J. Mencarow

Published by REALTOR.com | February 18, 2021 Renters are being drawn to smaller markets due to their lower costs and the opportunity for more space amid the pandemic—but they may now be facing rising rental rates. “Although rents across the U.S. have been growing at a slower pace since the onset of COVID-19 and the …

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