Category: landlord

Blackstone-Owned Landlord to Cease Buying Homes in 38 Cities as US Housing Market Slows

A single-family landlord firm owned by the private investment company, Blackstone, will end it purchases of homes in 38 American cities, as the U.S. housing market begins to slow down dramatically. The residential property company, Home Partners of America, (HPA) was acquired by Blackstone in June 2021 for $6 billion at the height of the COVID-19 pandemic housing…


Ontario Raises Maximum Allowable Rent Increase as Rent Freezes End

TORONTO—Ontario renters may soon be paying more for their accommodations after the province hiked its rent increase guidelines today. The province says it has set its rent increase guideline for 2022 at 1.2 percent. The guideline is the maximum a landlord can increase a tenants’ rent during a year without the approval of the Landlord…


US Military Landlord Pleads Guilty to Fraud, Resolving Probe: Justice Department

The U.S. Justice Department said it resolved probes into Balfour Beatty Communities, one of the U.S. military’s largest private landlords, after it pleaded guilty on Wednesday to one count of major fraud and agreed to pay over $65 million in fines and restitution. Balfour Beatty was being investigated for defrauding the U.S. Air Force, Army,…


Around 750,000 Households Face Eviction in 2021 Following Moratorium Ban: Goldman Sachs

Goldman Sachs economists predict that some 750,000 renter households are likely to lose their homes this year following the Supreme Court’s decision to block the federal eviction moratorium and the slow pace of emergency rental aid delivery. Basing their prediction on rent delinquency data from real estate companies, federal agencies, and the National Multifamily Housing…


Eviction Moratorium Keeps California Homeowner from Living the American Dream

A California homeowner has not received rent from her tenants for over 17 months. She also hasn’t received any payments from the state’s COVID-19 rent relief program, after applying for several months.  Alyona Nickelsen, an award-winning artist, author, and owner of a three-bedroom condo in Aliso Viejo said her tenants of over six years have been…


Help May be on the Way for Los Angeles Landlords

Landlords who expressed concern over Los Angeles County’s extended eviction moratorium may soon find relief as Los Angeles City Council member Kevin de León said Aug. 6 he will introduce a motion to shorten the timeline for landlords to receive back rent for tenants who could not pay their rent due to the COVID-19 restrictions.   “This is…


City Council Member Moves to Speed Up Rental Assistance for Landlords

Landlords who expressed concern over Los Angeles County’s extended eviction moratorium may soon find relief as Los Angeles City Council member Kevin de León said Aug. 6 he will introduce a motion to shorten the timeline for landlords to receive back rent for tenants who could not pay their rent due to the COVID-19 restrictions.   “This is…


Landlord Offers Tenants $100 Reduction in Rent Arrears for Every Hour Given to Charity Work

A Florida landlord of over 500 housing units has come up with a novel way to alleviate rent arrears for the tenants by pledging to forgive $100 of overdue rent for every hour a tenant volunteers at a recognized nonprofit charity. Staffers at the Contemporary Housing Alternatives of Florida (CHAF), providing affordable housing for low-income…