Do minimum wage increases affect rents?
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…Read More
Some Renters Protected Under California’s Extended Eviction Moratorium
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…Read More
Rental Property Tax Deductions (What Can You Deduct Now vs Depreciate Over Time?)
Are you searching for more information on rental property tax deductions? 2021 is quickly drawing to a close, and now is the right time of year to start organizing for filing taxes in 2022. Understanding which expenses are tax deductible for your rental property is important. And, knowing how to deduct rental property expenses which…Read More
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…Read More