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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. Defendants who agree to use RENTmaximizer understand that its purpose is to foil the operation of the competitive market.”

Landlords 395
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EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts

Housing Wire

In addition, her office alleges that EasyKnock violated some of Massachusetts’ landlord-tenant laws. “I Some of these changes include lowering rents for some existing tenants and complying with state landlord-tenant laws. Under the terms of the settlement EasyKnock must comply with all landlord-tenant laws.

Tenants 296
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Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Still, federal law does not prevent landlords from rejecting all housing vouchers.

Landlords 457
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Eviction filings are up more than 50% in some cities compared to pre-pandemic levels

Housing Wire

Landlords file about 3.6 Nationwide, 200 measures have passed since January 2021, including legal representation for tenants, sealing eviction records and mediation to resolve cases before they reach court, according to the National Low Income Housing Coalition. million eviction cases each year, according to the organization.

Landlords 366
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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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Biden administration rolls out renter protections as rent prices soar

Housing Wire

The focus will also be put on the multifamily market. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year. The rent is too … high, and landlords, many who receive federal financing and subsidies, made record-setting profits in the past two years.

Tenants 382
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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

The pandemic created a spike in e-commerce sales and the need for data centers, transforming the industrial real estate market both nationally and locally, in Columbus, Ohio. Industrial real estate investors and developers can’t add new properties to the market fast enough. Ask your current landlord. Anticipate your needs.

Landlords 144