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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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Compliance Update: Legislation Related to Fee Transparency
Manual process of trying to calculate rent rates.

Top Things to Consider Before Investing in Affordable Housing

Property owners and managers who can meet the affordable housing need can make a genuine, significant impact in their communities while also entering into an industry that has seen record-breaking growth over the past several years. However, along with several potential benefits, investing in and managing these properties comes with a host of unique challenges that require careful consideration. Here are some of the most important things to remember when deciding to get involved in affordable housing.

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Best Practices for Building a Positive Online Presence for Your Properties

This is the second in a series of blog posts about how multifamily businesses can build and maintain a strong online reputation. In case you missed it, check out the first blog post here.

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Opportunities and Risks in the Single-Family Rental Market

On the business side, multifamily and single-family rentals had always been distinct entities. An operator either managed one or the other with very little crossover.

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Entrata Connect: Smart Home Partnerships

The secret is out—renters are keen on smart home capabilities. What used to be a luxury feature is now an expectation. More than 80% of renters say they want an apartment with smart home amenities, and more than 60% are willing to pay a monthly fee for a voice-activated virtual assistant. But part of the allure of a smart home apartment is the seamless experience that accompanies it.

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Resident Experts with Mike Brewer

As part of our ongoing Resident Expert series, we recently hosted a conversation with Mike Brewer, a 30-year veteran of the multifamily industry who is currently the COO of Radco Companies. The following is a brief summary of that conversation which was led by Virginia Love.

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From the Summit: Building a Responsible Future

Being an awesome place to work might not be enough anymore. More than ever, younger employees have exhibited more interest in a company’s purpose-driven initiatives, meaning they are craving more than a comfortable vibe and a competitive paycheck.

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