Rental Property 8 | Paper Source Online

Depriving Americans of Home Ownership Could Be a Good Thing, Economist Says

Published by Breitbart | June 20, 2021 Rental nation? The American dream of home ownership should be replaced by corporate investors snapping up houses and turning them into rentals, one economist is proposing. Karl W. Smith, an adjunct scholar with the Tax Foundation and Bloomberg columnist, believes that scenario could be positive, even if he doesn’t address …

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Eviction and Foreclosure Moratoriums Extended to July 31

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

Published by Florida Realtors | June 24, 2021 The CDC extended the federal eviction moratorium for another month, from June 30 to July 31, further frustrating landlords. However, CDC also said it’s likely that this new deadline will be the last one. FHFA also announced that its foreclosure moratorium was extended to July 31. The …

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U.S. Home Rental Prices Hit Highest Level in 2 Years

Rental Property / By W. J. Mencarow

Published by FOX Business | June 17, 2021 Realtor.com said the uptick bolsters the notion that ‘rents have fully recovered’ in most big cities Home rental prices, which dropped in many U.S. cities throughout the coronavirus pandemic, have reached their highest level in about two years. As of May 2021, the median national rent reached $1,527, up 5.5%, …

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Appeals Court Rejects Bid by Landlords to Resume Evictions

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

Published by The Hill | June 2, 2021 A federal appeals court in Washington, D.C. denied a request by a group of landlords to resume evictions. The ruling from the D.C. Circuit Court of Appeals is the latest twist in a multifront legal challenge to the eviction freeze that was enacted by federal public health …

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FORBES: A Perfect Storm To Leverage Equity For Acquisitions

Rental Property / By W. J. Mencarow

Published by Forbes Real Estate Council | May 13, 2021 If you are an investor interested in growing your multifamily portfolio, this second quarter of 2021 brings together three factors that create a perfect storm for leveraging your equity to buy additional properties. Equity is not static. At a simple level, the equity you have …

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BREAKING: Federal Judge Vacates CDC Eviction Moratorium

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

Published by The Washington Post | May 5, 2021 Court rules agency lacks legal authority to impose it Many have been saying that the CDC had no authority to impose a nationwide eviction moratorium. Yesterday a federal judge agreed. “The pandemic has triggered difficult policy decisions that have had enormous real-world consequences. The nationwide eviction …

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First-time Homebuyers Are Getting Outbid by Big Companies

Rental Property / By W. J. Mencarow

The following is an except of an article published by Florida Realtors on April 23, 2021 Landlords, large and small, are lining up to buy homes as investment properties. Home shoppers aren’t just competing against each other in bidding wars these days. Landlords, large and small, also are lining up to buy homes to use …

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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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