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…

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…

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,…

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…

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…

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…

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…

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…