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Sorry, what? Landlords who report Airbnb violations are still getting slapped with fines

There have been several cases of landlords telling the Mayor’s Office of Special Enforcement about illegal home sharing in their buildings, and then getting slapped with violations themselves, Crain’s reported.

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Canadian landlord fined $12G for not taking shoes off in Muslim tenant's home

A Canadian landlord who was fined $12,000 for wearing shoes in a Muslim tenant's home said he felt "humiliated" by the harsh penalty levied by a national human rights tribunal.

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City wins early victory in lawsuit alleging landlord discriminated against veteran and his support dog

A judge has denied the landlords’ request for documents such as journal entries, drug tests and disability records relating to a housing discrimination lawsuit.

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McMansion Popularity Surging for First Time Since Housing Bubble

Back in the mid-2000s, McMansions, or homes that were larger than 3,000 square feet, helped fuel the housing bubble as people started building bigger and better homes. Coupled with subprime mortgages, banks couldn’t keep up when people stopped paying their mortgages, and the market collapsed.

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With Apartment Living on the Rise, Where Does That leave the Single Family Market?

More investors are putting stake in multifamily homes like apartments and condominiums, but are many people choosing to live in them? In the wake of low inventory in the single family market, are potential homebuyers going to continue to rent, or wait for their dream home?

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Home-rental scam hits Central Florida

ORANGE COUNTY, Fla. - A News 6 investigation has uncovered a “cut and paste” real estate con game that uses legitimate rental property offers, posts them on another site and offers the homes for nearly half the true rental price.

A man calling himself Cedric Toler offered a rental property on 3030 Senna Court in the Ginger Creek sub division for $700 a month, including utilities. The real asking price was $1,200 and month.

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Do Rising Prices Indicate Another Crash?

For the fifth month in a row, home prices have set a national record, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index released today. Across all nine Census divisions, U.S. home prices rose 5.5 percent over the year.

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Is Subprime About to Make a Comeback?

Though many have feared the recent uptick in nonqualified mortgage loans (non-QM loans) could indicate another crisis is on the horizon, according to research released by Morningstar today, these worries aren’t yet warranted. As Morningstar’s report put it, “nonqualified mortgages are not the new subprime.”

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They Don’t Spend Like They Used to

A recent report published by Bankrate suggests that younger millennials aged 18 to 26 spend more on daily, habitual expenses, such as eating out, coffee, and alcohol, than any other generation, which can limit their long-term ability to save for a downpayment on their mortgage.

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How Many Home Shoppers are Renters?

It seems renters may finally be setting their sights on homeownership if a new analysis released on Thursday rings true. In the first quarter of this year, the share of home shoppers who were either non-homeowners or renters rose noticeably over recent years. But what could it mean for investors and lenders? And will the increase continue? 

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Lenders Loosen Risk Standards as Rates Rise

According to a new report, mortgage lenders are taking increased credit risks similar to those of the early 2000s. Released on Tuesday, the report shows that the level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. The shift is likely a result of declining refinances, rising mortgage rates, and an increased share of investor, condo, and co-op purchases.

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Cost Of Freon For Older Air Conditioner Repairs Is Skyrocketing

Air conditioner repairs this summer will come with skyrocketing costs for the refrigerant R22, more commonly known as Freon™, according  to a release.

Production of R22 refrigerant, which is being phased out by the Environmental Protection Agency because it contains environmentally harmful ozone-depleting substances, has already dropped by 90 percent. Production will be prohibited by 2020.

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Seattle landlords must give voter-registration info to new renters

Landlords will be required to provide new tenants with voter-registration information under a new ordinance approved by the Seattle City Council.

The council voted 6-0 on Monday to approve Councilmember Kshama Sawant’s proposal. Three council members, Mike O’Brien, M. Lorena González and Tim Burgess, were absent.

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Angry Tenant Allegedly Defaces Landlord's BMW

Imagine spending $70,000 on a luxury sports sedan. Then imagine waking up one morning to find it covered in graffiti. That's the story of a London landlord named Ovace Miller.  Read More

What If the City Were Your Landlord?

Nashville is looking for fresh ways to deal with its lack of affordable housing. And its newest idea uses a $25 million loan to rehab, buy or build new housing. It sounds straightforward, but there’s one catch: The city has to stay on and manage the units. 

In recent years, the solution to a city’s affordable housing crisis has been to hand it off private developers — luring them in with local and federal tax credits. But this new concept is one that puts units back into the hands of the local government.

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Landlord Says City Violated Fourth Amendment Rights - Search & Seizure

At the time Trautwein filed the lawsuit, the city required a full inspection of the interior and exterior of the property before issuing the rental license. If a tenant or property owner refused to allow an inspection, the city was to obtain a warrant.

“You do have the right to deny an inspection without a warrant,” said Meriem L. Hubbard, senior attorney with the Pacific Legal Foundation. “That’s part of the privacy rights that the Supreme Court has guaranteed us through various cases.”  Read More

 

Independence, MO Rental Ready Program requires property inspections

A new ordinance is in effect in the City of Independence requiring landlords to have their properties inspected before being able to rent them out. Independence, Missouri is following the lead of other cities by creating the Rental Ready Program, making sure residential properties are up to par.

"It is a part of the overall council's strategy to improve the quality of life, while maintaining safe and desirable neighborhoods," Tom Scannell, Community Development Director for the City of Independence, said.  The ordinance was adopted in September 2016 and went into effect on June 1, 2017.

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Online crooks using legitimate listings to create fake posts, steal money

JACKSONVILLE, Fla. - An I-TEAM investigation reveals rental scams are hurting innocent families. News4Jax uncovered a number of local cases where online crooks pretend they own a property, take the deposit and first month's rent, and then disappear.

"Right now we are literally homeless with two kids," said Shandalier Barcous.

Barcous found a post on Zillow.com for a big house in Arlington that fit her budget. She reached out and got a quick response from someone claiming to be the owner of that property. (See Zillow's statement)

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Toledo to crack down on landlord not obeying lead orders

The city of Toledo is ready to crackdown on landlords who fail to obey the city's lead orders from the Lucas County Health Department.

Toledo Mayor Paula Hicks-Hudson made the announcement Thursday afternoon.

Toledo's Housing Prosecutors will begin to serve affidavits Friday to three landlords that received lead citations from the Health Department. The Law Department will also begin the institution of civil lawsuits against responsible persons and entities.

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Burlington officials to create new landlord ranking database

BURLINGTON, Vt. - The Queen City has about 10,000 rental units. Burlington officials are putting together a new resource to give tenants a hint at what they're signing up for. The city is creating a website for renters to get ratings on properties they're interested in before signing a lease. The better the property is maintained, the better the score.

"I think the biggest benefit is the transparency of it," said William Ward, Burlington code enforcement director.

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Homebuilders Report Loosening Credit Standards

Builders and developers have reported that credit conditions for acquisition, development, and single-family construction (AD&C) have been easing in the past few months, according to the Q1 AD&C Financing Survey from the National Association of Homebuilders (NAHB).

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