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Compliance Update: Legislation Related to Fee Transparency
Federal and State legislation is targeting deceptive fee practices across industries, the rental housing industry being one of those affected. This includes the White House proposal for a Renters Bill of Rights (discussed further below) and weighing in heavily on the discussion of Junk Fees with the FTC’s proposed rule on “Unfair and Deceptive Fees”.
At the state level these measures are taken even further with California being among the loudest and most active. Additional states include Minnesota SF 2909 (discussed in our Q3 Compliance & Legislation Update blog post), Virginia HB 967 and HB 1519, and pending legislation with Illinois HB 4629.
Below we discuss the active and pending state level legislation in California and Virginia, as well as the federal level legislation as it applies to housing and the important legislative actions taking
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Introduction to Business Intelligence for Multifamily
Having access to data is a blessing and a curse for many multifamily businesses. The amount of data the average business accumulates each year continues to grow exponentially and it can be difficult to know how to find the proverbial needle in a haystack that’s going to help inform future business decisions, especially if that data is housed in a spreadsheet
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2024 Q2 Compliance Update
Texas is one of the latest states to enact their own data protection law. Signed into law in 2023, the law will take effect July 1, 2024, with an additional grace period for applicable businesses to ensure compliance with the new regulations by January 1, 2025. Much of Texas’ Data Privacy and Security Act (”TDPSA”) follows many of the same key elements we’ve already seen from other states that have enacted data privacy laws. However, there are some differences to note as well. Below is an overview, highlighting the key points to be aware of.
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From the Summit: Making Changes in Student Housing
How Emerging Trends in Student Housing are Fueling Operational, Technological and Experience-Focused Strategies The student housing sector makes a case for the most fluctuating business in the nation. The revolving door of move-ins and move-outs occurs at a much greater rate than in the conventional apartment world, and the desires and preferences of younger renters are constantly morphing.
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Tips & Tricks for Using Software Strategically
If you work in property management, you know what it feels like to be busy. You’re a champion juggler, keeping dozens of balls in the air and balancing the needs of residents, owners, and staff. Here’s the question. Is your software just another ball to juggle, or is it an extra arm?
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Resident Experts with Dr. Lak Lakshmanan
Entrata’s Virginia Love recently sat down with Lak Lakshmanan, Operating Executive, Data Science for Silver Lake to discuss the impact AI is having on businesses currently and what they can do to leverage it in the future to increase efficiency and deliver a better customer experience. Below is a recap of some of the highlights of their conversation. If you want to watch a recording of the webinar, click here.
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