Extend & Pretend in the commercial world has transitioned to “Pray and Delay.” With over $1 trillion in office commercial property past due on refinancing, the banks and many equity groups have been pushing for rapid reductions in the interest rate. While spreads have shrunk, many commercial properties still face the double whammy of higher vacancy rates […]
UPDATE: Monday Night the Prairie Village City Council Voted 10 for and 2 against to Ban Short Term Rentals. This will ban short term rental stays of less than 30 days. Violation will result in a $500 fine. New rules start November 1, 2025. One of the dissenting votes mentioned that he has lots of
Kansas City Housing providers filed a federal lawsuit over the Source Of Income Ordinance. Passed by Kansas City Missouri in January of 2024. The Ordinance among other things requires housing providers to participate in the Housing Voucher Program known as Section 8. The city claims that ordinance is to protect renters from discrimination, including those
Housing Providers Sue Kansas City Missouri over Source of Income Ordinance Read More »
Kansas City Missouri’s new source of income ordinance went into effect at the beginning of August. Attorney Julie Anderson sat down with the people at the WinVestor’s meeting to outline what you should know and be doing right now. The biggest concern she has for landlords right now seems to be potential fines. What to
Kansas City’s New Source of Income Ordinance – Tips from Attorney Julie Anderson Read More »
Starting July 1, there are new rules regulating Contract for Deed Law in Kansas. A Contract for Deed, also known as a land contract or installment sale agreement, is a type of real estate transaction where the buyer agrees to pay the seller the purchase price of the property over time in regular installments. Unlike
Because of a small glitch for a few people trying to join Housing Heros – they have extended the MAREI deadline through Saturday 7/13 – they thought they had it all fixed, but it still had issues into Wednesday – it seems to work better if you are on Chrome or Firefox. Concerned about Private
Protect Private Property Rights: Join Housing Hero TODAY! Read More »
Kansas City Missouri recently passed a new “Source of Income Law” that goes into effect in August of 2024. To prepare Kansas City Housing Providers, the KC Regional Housing Alliance held an informational seminar on March 9th. The seminar discussed the new law, how to comply, Section 8, and how we fight it. Many thanks
The New Kansas City Missouri Source of Income Law Read More »
Last week Landlords Inc., The Resource for Landlords in the city of Kansas City Missouri focused on the New Source of Income Ordinance that goes into effect in Kansas City Missouri on August 1st. They opened the meeting with a broad overview of what is going on in across the country with tenant advocacy from
Source of Income Law In Kansas City Missouri Replay of Landlord’s Inc Meeting Read More »
Last week the Federal Housing Finance Agency made an announcement of Multifamily Tenant Protections to be included in new multifamily loan agreements beginning in February 2025. Protections for Renters Announced: Covered housing providers will be required to provide tenants with the following: Results from FHFA’s Extensive Engagement with Key Stakeholders Back in June of this
The FHFA Announced Multifamily Protections for Renters Read More »
Seller Financing and RMLOs are Under Attack in Texas. There are proposed rule changes “by “the Department of Savings & Mortgage Lending (SML) that could make it harder to safely create seller-financed transactions. SML is considering changes to its rules in 7 Texas Administrative Code: Chapter 78, concerning Wrap Mortgage Loans; Chapter 79, concerning Residential Mortgage Loan
