Landlord news
Here are some recent news and updates related to landlords and the rental industry:
1. Rent Control Measures
- California Governor Gavin Newsom has signed a bill to extend rent control measures in the state, which will prevent landlords from increasing rents by more than 3% per year for the next five years. (Source: The New York Times)
- New York City has implemented a rent freeze for the next two years, which will prevent landlords from increasing rents for stabilized tenants. (Source: The New York Times)
2. Eviction Reform
- The city of Seattle has passed a law to reform its eviction process, which will provide more protections for tenants and make it harder for landlords to evict them. (Source: The Seattle Times)
- The state of Oregon has passed a law to limit the use of no-cause evictions, which will require landlords to provide a reason for evicting tenants. (Source: The Oregonian)
3. Rent Increases
- A recent report by Zillow found that rent increases are slowing down in many cities across the United States, with some cities even seeing rent decreases. (Source: Zillow)
- A report by Yardi Matrix found that rent increases are expected to slow down in 2023, with some cities experiencing rent decreases. (Source: Yardi Matrix)
4. Airbnb and Short-Term Rentals
- The city of San Francisco has passed a law to regulate short-term rentals, which will require landlords to register their properties and pay a fee. (Source: The San Francisco Chronicle)
- The state of New York has passed a law to regulate short-term rentals, which will require landlords to pay a fee and provide information about their properties. (Source: The New York Times)
5. Landlord-Tenant Disputes
- A recent survey by the National Association of Realtors found that 71% of landlords have experienced disputes with tenants, with the most common issues being rent payments and property damage. (Source: National Association of Realtors)
- A report by the Urban Institute found that landlord-tenant disputes are a major source of stress and financial burden for many landlords. (Source: Urban Institute)
These are just a few examples of recent news and updates related to landlords and the rental industry. If you're a landlord or tenant, it's always a good idea to stay informed about changes in the laws and regulations that affect your rights and responsibilities.