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All in Landlord Tenant Matters
New Fannie Mae condo requirements seek to improve the real estate landscape. Overall, this move followed a condominium building collapse in Surfside, Florida.
House hunters and homeowners are familiar with the bidding war game, but 2022’s real estate market is showing a massive surge in rental bidding wars throughout Chicago.
In January of 2021, Cook County passed the new Residential Tenant Landlord Ordinance. This ordinance took aim at establishing protections for renters.
On August 3, 2021, just days after the government eviction moratorium expired, the CDC imposed a new eviction moratorium to temporarily suspend evictions for two months in counties where COVID-19 cases are proliferating.
With COVID still active around the country, many landlords are facing a crucial moment as eviction moratoriums extend with many tenants many months behind on paying rent. Now more than ever, you need to stay informed about evictions and what you can do about them during COVID.
Real estate bankruptcy has seen recent spikes.
The rising unemployment levels following the outbreak of the COVID-19 pandemic, and the associated implications of the economic downturn, is leading to significantly higher numbers of tenant closures and lease defaults.
The federal and state governments are working diligently responding to concerns of foreclosure or eviction during the COVID-19 pandemic. With many states enforcing stay-at-home orders, many individuals have lost their source of income, saw partial income declines, and are being forced to work from home.
The primary difference between a commercial real estate transaction and a residential one concerns the entities involved. A residential transaction typically involves a transaction between two individuals, but because commercial properties are typically larger and used by business entities, they tend to be seen more as an investment rather than a purchase.
In a perfect world, you would be able to manage your rental properties stress-free. But the reality is that disputes are just a part of everyday life. Tenant-Landlord relationships can be prone to disputes.
These disputes can be especially tenuous when handling tenants who are late on rent, or worse, refuse to pay. There are a few things you should do in order to protect yourself when such a problem arises.
Through the years, real estate has become heavily intertwined with the American Dream. It starts with purchasing one building, then another, then another. Before you know it, you have an empire.
But sometimes that aspirational Dream quickly fades into a nightmarish hellscape for tenants, state officials, and alas, even the property owners.
Enter The Better Housing Foundation.
