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Knox Financial announces $10 million in Series A funding

Housing Wire

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. “Its full-service, tech-enabled platform has clearly resonated with first-time investment property owners and career landlords alike,” Hower said.

Landlords 381
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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

RENTmaximizer effectively outsources the management of rental pricing from a landlord to Yardi itself, which then implements higher prices collectively across a group of landlords,” the lawsuit alleged. By 2013, the software was used to price 8 million residential units, attorneys for the plaintiffs argued.

Landlords 408
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Eviction filings are up more than 50% in some cities compared to pre-pandemic levels

Housing Wire

Eviction filings have risen more than 50% in some cities when compared to pre-pandemic levels, as expiring relief measures and economic volatility play havoc with the finances of renters in certain parts of the country. Landlords file about 3.6 million eviction cases each year, according to the organization.

Landlords 380
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Biden administration rolls out renter protections as rent prices soar

Housing Wire

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

Tenants 400
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Federal agency members voice support for new CRA rules 

Housing Wire

Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics. These include race, financing displacement (banks making loans that could result in landlords evicting low-income tenants), financing of fossil fuels and mechanisms to stop branch closures.

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Real estate industry is in flux after shocking guilty verdict in commission lawsuit trial

Housing Wire

One thing possibly preventing Bough from taking the second option is a specific Missouri state law , which allows for a seller or landlord to “agree that a designated broker may share with another designated broker the compensation paid by the seller or landlord.”

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Are You Cut Out to Be a Landlord? Money Under 30 explains that there are many responsibilities and time obligations that go along with being a landlord. Determine How Much You Can Afford.

Investing 332