LeaseLock Insights Multifamily Blog

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Multifamily Technology: 4 Types of Automation to Drive More Leases

While the industry entered 2020 on a high note, COVID presented various challenges for both apartment operators and renters. Unemployment led to missed rent payments, economic interruptions slowed rent growth and halted apartment construction, and general uncertainty upended more than a decade’s worth of strong growth trends. The 2021 peak...

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Are Operators Accountable for Illegal Evictions? What the CFPB Rule Means for Multifamily

It’s estimated that close to 10 million households are behind on their rent payments. In order to prevent a mass eviction crisis, the CDC extended the temporary eviction moratorium through June 30, 2021. To further protect renters, the Consumer Financial Protection Bureau (CFPB) recently issued an interim final rule in...

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Illinois Rental Laws: The Guide to Rent Assistance & Deposit Legislation

Illinois property owners and operators are constantly navigating ever-changing rental housing laws. With new legislation around rental assistance and security deposits, what do these policies mean for multifamily in the Chicago region and Illinois as a whole? In light of new rental assistance programs, as well as a wave of...

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The Guide to $25 Billion Emergency Rental Assistance Program by State

More than a year after the onset of COVID, it’s estimated that 8 million Americans are behind on rent. We’ve closely monitored rent payment behavior to keep a pulse on how multifamily is faring during the crisis and inform apartment owners and operators. Throughout 2020 and continuing into 2021, both...

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California Rental Laws: What to Know About SB 91, Rent Control, Deposit Laws & More

California lawmakers extended a statewide eviction moratorium through June 2021 and passed an emergency measure to deliver $2.6 billion in rent relief. Local jurisdictions in San Diego and Los Angeles counties have also passed their own eviction moratoriums. With strict rent control in cities such as Santa Monica, and tightening...

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LeaseLock 2020 Year In Review [Infographic]

2020 was a year marked by unprecedented change. Even in the face of economic uncertainty and industry disruption, LeaseLock has experienced several major milestones and unprecedented growth. Our sights are set on an even bigger 2021, but we’re taking time to reflect on all we’ve accomplished in partnership with our...

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January 1st Rent Payments: $900 Billion COVID Relief Package Passes

Percent of rent collected on January 1st slipped 2 points MoM. First-day rent payments steady across Class C properties. Stimulus package includes $25 billion in rental assistance. At the turn of a new year, the multifamily industry continues to battle economic volatility, increasing unemployment rates, and a pandemic resurgence. While...

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December 1st Rent Payments
December 1st Rent Payments Uptick — Class C Properties Still Struggling

Percent of rent collected on December 1st jumped 2 points MoM. First-day rent payments slipped across Class C properties. Lawmakers propose new $908 billion stimulus plan. Last month was marked by uncertainty — a resurgent COVID pandemic, a complicated presidential election outcome, and stalled conversations around a new stimulus package...

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Atlanta “Renter’s Choice” Law: What the Security Deposit Bill Means for Multifamily

Note: The information contained in this article is provided for informational purposes only, and should not be construed as legal advice on any subject matter. You should not act or refrain from acting on the basis of any content included in this article without seeking legal or other professional advice....

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November 1st Rent Payments: New Stimulus Package in Limbo

Percent of November 1st rent collected dropped 9 points MoM. First-day rent payments slipped across properties of all asset classes. Congress has yet to pass another COVID relief bill. The US presidential election is today, coronavirus cases are surging globally, and talks of a new stimulus package are at a...

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What Is Lease Insurance, And Why Do Apartment Operators Need It?

Lease insurance—what exactly is it? In the multifamily industry, apartment lease insurance is a completely new insurtech product designed to totally eliminate costly security deposits, drawn-out surety bond applications, and confusing guarantee programs, all of which are burdensome for both residents and operators. LeaseLock deploys lease insurance through its Zero...

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October 1st Rent Payments Slump as Revised HEROES Act Offers Hope

Percent of October 1st rent collected dropped 5 points MoM. First-day rent payments dipped across all asset classes, each hitting post-COVID lows. The House of Representatives approves $50 billion in emergency rental assistance. October 1st rent payments slipped the same day as the passage of a new $2.2 trillion package,...

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