Rental Property

FORBES: A Perfect Storm To Leverage Equity For Acquisitions

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

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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Texas Supreme Court Ends Enforcement Of National Eviction Moratorium Statewide

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

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

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

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

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

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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