Do minimum wage increases affect rents?

minimum wage

Increases in the minimum wage can be good for landlords.  A stand-out benefit is that renters are less likely to default on their monthly rent payments. This equals more financial security for you and your tenants. But while your tenants may have the ability to afford rent much better than before, you could also raise…

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Some Renters Protected Under California’s Extended Eviction Moratorium

Modesto CA property manager

On March 31, 2022, the California legislature approved Assembly Bill (AB) 2179, extending the state’s eviction renters moratorium through June 30, 2022, for certain tenants who have applied for rental assistance on or before March 31, 2022.  This latest extension was passed in response to significant delays reported by both the state and local jurisdictions related to the processing…

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Lower rates coming for investment properties, second homes

It may soon be cheaper to buy investment properties or second home, thanks to a temporary roll-back of policies set by the Federal Housing Finance Agency earlier this year.  The new rule, enacted back in January, limited Fannie Mae and Freddie Mac’s ability to purchase second home and investment property loans. As a result, interest rates and…

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