21 June 2024 | 5 replies
After leases expire, landlords can draft new leases, re-negotiate terms, adjust rent, and implement policies.
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22 June 2024 | 17 replies
This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.
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21 June 2024 | 11 replies
Of course, since most HELOCs are adjustable, this will change for better or worse as rates change.
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20 June 2024 | 5 replies
It's difficult - often impossible - to verify their identity, address history, ability to pay debts, or criminal history without a social security number.
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19 June 2024 | 3 replies
You could have two identical apartments, side by side, and one could be worth much more than the other because it is producing more income.
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22 June 2024 | 129 replies
There's typically a lag from when demand drops off as it takes time for supply to build up and then pricing finally adjusts.
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23 June 2024 | 29 replies
For the professional managers I recommend they take an honest look at their business and make the adjustments to make it harder to replace them and make everyone want them.
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21 June 2024 | 20 replies
- Adjust plans as needed to overcome challenges
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20 June 2024 | 33 replies
Seem they were recently sued by Daimler Trust for a vehicle that they had used Michael's mothers identity to purchase or lease what appears to be a Mercedes vehicle.
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20 June 2024 | 30 replies
There could be a slight rate adjustment to the pricing of the loan on the cash out refi as apposed to a purchase.