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TWiRP – July 11, 2015

This week in rental property, the 30-year fixed mortgage rate slipped to 4.04 percent with the rising concerns on the world economy. HUD announces new fair housing rules to strengthen fair housing practice. CNBC gave an outlook on the housing market for the second half of the year. Interestingly, HUD released a report on housing market recovery with a different narrative. Big institutional...

What Is Section 8 Housing?

Section 8, or the Housing Choice Voucher Program is something that mystifies some and frustrates others. What it is, is a federal program that provides housing for those with low income, but also the disabled and elderly.

Lead Based Paint Awareness

If you rent a property that was built before 1978, you need to know about the Residential Lead Based Paint Hazard Reduction Act. Not only does that link tell you about the act itself, it has a wealth of important information about the damage that lead based paint can cause. Lead poisoning can cause significant lifelong disability for those it impacts, and it’s vital that all landlords and...

Fair Housing Trends

Each year, the National Fair Housing Alliance compiles a report outlining the issues of that year. The 2013 Fair Housing Trends Report has just come out and indicates that complaints are actually up by about 5%. In 2012, the report shows that there were about 28, 518 complaints total. Additionally, this report does include those that were investigated by the US Department of Housing and Urban...

More Programs For Veterans

A recent count by the US Department of Veterans’ Affairs (VA) showed that as of January, 2012, there are at least 62,619 homeless veterans. As we’ve mentioned before, there are some resources that property managers have access to that can help. 13% of all the homeless adults in the US today are veterans, and to put that into perspective for you- when you consider that veterans on the whole...

Understanding and Stating Fair Housing Practices

Though you likely have a manual of policies in place for your property management, one area that it is often neglected but critical applies to Fair Housing laws. Because Fair Housing is the standard by which property managers, landlords and owners are upheld, it’s important to insure that your manual includes this section. Though no one wants to think about it, if there ever is a Fair Housing...

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