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6 November 2024 | 5 replies
You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.
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7 November 2024 | 15 replies
Any material change in the terms of sale, the tenant association right of first refusal is reinstated.Despite this being a pilot program, there is no defined end date for the tenant opportunity to purchase provision.Rental properties in the pilot zone are subject to further regulationsIf a purchaser purchases a rental property and uses any public funds in the purchase, then the rental property shall be maintained as affordable housing for no less than 30 years.Landlords may not evict for any other reason than serious, or repeated violations of the terms and conditions of a lease or occupancy agreement, otherwise defined as “just cause eviction.”PenaltiesAny person who violates the requirements set forth in this ordinance shall be fined, not less than $200 nor more than $1,000 for each offense.
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9 November 2024 | 17 replies
Violating these rules can lead to severe IRS penalties, including disqualification of the tax-advantaged status of your retirement account.Each self-directed retirement account must have sufficient funds to cover all property-related expenses, as you cannot personally pay these expenses.
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11 November 2024 | 16 replies
Tons of violations and the fines are adding up.
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8 November 2024 | 17 replies
Maybe she has violated the terms of her lease.
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6 November 2024 | 5 replies
You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.
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8 November 2024 | 7 replies
Instead of just uploading cleaned CSVs, you are also able to upload PDFs of delinquencies or violations.
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7 November 2024 | 45 replies
First, you are making a mistake keeping the tenant who violated your no-pet policy and hasn't paid their share of the rent ($50 a month).
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6 November 2024 | 6 replies
Don’t skip a professional inspection of the property, as there could be hidden issues such as structural damage or code violations.
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4 November 2024 | 4 replies
Excessive complaints or three violations in three years could lead to losing the ability to operate.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o