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Financing proves an obstacle for ADUs

Housing Wire

Accessory dwelling units are increasingly legal. The Joe Biden administration broadly identified this financing issue. The problem then, the authors found, is ascertaining favorable financing. How to minimize tenant turnover using online property management tools. ADUs were legalized statewide in 2017.

Finance 375
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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 387
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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. This is according to data from the Eviction Lab at Princeton University , as reported by the Associated Press.

Landlords 370
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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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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. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

Landlords 378
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From Tenant to Owner: The Ultimate Guide to Navigating Rent to Own Condo Programs

Movoto

Near the end of the initial lease or rental agreement, you’ll likely need to obtain a mortgage loan to finance the purchase. However, if you’re unable to obtain financing by the end of the lease, you’ll lose the accumulated rent credit and could potentially face legal repercussions from the seller.

Tenants 36
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7 Best Books for Rental Property Managers [in 2022]

The Robert Weiler Company

But it’s important that you select books that are newly published; this is especially critical when you’re relying on the books for legal or tax-related information or forms. However, property management some books will focus on the tax, regulations, and legal aspects of renting spaces.