Renters are ringing up trouble on their credit cards. Americans’ total credit card balances hit a record $1.2 trillion at the end of 2024, and the share of those balances that’s past due is climbing fast. After a pandemic-era lull, credit card delinquencies (especially those over 90 days past due) started roaring back. Credit card…
Homeowners, renters, landlords and commercial property owners located in the city of San Mateo will need to begin the process of converting homes and buildings from gas to electric in January 2025, just one and a half years away. To meet this January 2025 date, the city has begun a series of public meetings. The…
The First Thanksgiving Plymouth’s Thanksgiving began with a few colonists going out “fowling,” possibly for turkeys but more probably for the easier prey of geese and ducks. Next, 90 or so Wampanoags made a surprise appearance at the settlement’s gate, doubtlessly unnerving the 50 or so colonists. Nevertheless, over the next few days the two…
Trade Show a Huge Success! WOW! What an incredible event! Our “Million Dollar” Trade Show and Landlording Conference last month was a massive success! We had highly knowledgeable speakers who delivered fantastic content, providing our members with a wealth of ideas that will empower them to make and keep more money than ever before. What…
California is renowned for its cultural diversity, including a significant number of refugees seeking safety and new opportunities. With the recent upheavals in Afghanistan and Haiti, and the war in Ukraine, California is once again welcoming newcomers at climbing rates. Apartment owners are thinking intentionally about their strategy for making sure their units are accessible…
WHAT YOU NEED TO KNOW: Governor Newsom signs an extensive housing package consisting of 56 bills to help address California’s decades-in-the-making housing crisis by simplifying and expediting the construction of new housing, protecting tenants, and keeping housing affordable. SACRAMENTO – Governor Gavin Newsom today announced that he has signed 56 bills into law that incentivize and reduce…
AOA Magazine Contributor Receives Accolades! Dear Jeff and AOA: I hope the email finds you well. I wanted to share with you that I get lots of great feedback from members about my articles, and this morning I received an email that highlights the positive impact that the AOA magazine has on the apartment industry.…
Multifamily rents are rising as demand remains stable and healthy, but rent growth is slowing in some markets, Yardi Matrix says in the June National Multifamily Report. “While some markets are experiencing slowing growth, multifamily largely continues to perform well, with a solid 95 percent occupancy rate and moderate rent growth in most metros. However, economic uncertainty and…
The Los Angeles County Board of Supervisors have unanimously agreed to create a program that will supply taxpayer-funded attorneys to renters facing eviction. This vote is the first step in establishing the program, known as the “Right to Counsel”Ordinance. The program will use public funds in private legal disputes, with an estimated annual cost of…
Multifamily owners can now tap billions in new federal funding to help fund environment-friendly renovations or upgrades to their properties. The federal Department of Housing and Urban Development has opened its application process for a new fund, the Green and Resilient Retrofit Program, offering as much as $80M in grants or loans, Multifamily Dive reports.…