A California housing immigration bill, AB 291, passed the senate on September 6, 2017 and is currently awaiting Governor Brown’s signature. This bill would prohibit landlords and property managers from inquiring into the immigration or citizenship status of a rental applicant or tenant, and from providing that information to law enforcement. While it is uncertain whether or not the Governor will sign this California housing immigration bill, it is extremely likely that he will. Moving forward, you should reevaluate your policies if this bill is enacted.
In the wake of Hurricanes Harvey and Irma, multiple wildfires on the West Coast, tornadoes and the recent catastrophic earthquakes in Mexico, now would be the time to learn about you and your residents’ rights during a natural disaster. As most parts of the United States are impacted by at least one natural disaster (with some areas hit by several different kinds per year), knowing how to manage a natural disaster on each of your multifamily properties can alleviate some of the stress in the moment.
With 143 million consumers at risk after Equifax’s record setting security breach, millions are left with the question ‘what now?’ There are a few ways to protect yourself from identity theft, and monitoring your credit is one of the safest steps to financial peace of mind. Take a look at our informational guide on how to safeguard your credit report, and why it might be the best decision you make during the fallout from this record-setting breach of data.
Phase Two of the credit bureau’s National Consumer Assistance Plan (NCAP) is now in effect! Experian®, Equifax®, and TransUnion® have been slowly rolling out the implementation of these standards in phases, with full implementation expected by March 2018, in the hopes to improve the quality of their public record data. Because of this, industries that depend on credit reports will see a significant change and the multifamily housing industry will need to be prepared.
NCAP’s Phase Two
While it is likely that the bureaus have already implemented parts of these new requirements prior to the effective date, according to TransUnion®’s data reporting initiatives, credit reports will have the following changes:
The time has come for our quarterly legislation update! With this September’s multifamily legislation carrying bills that threaten rent control, relocation fees, and game changers regarding eviction records, there are quite a few bills you should be following. As we’ve seen with rent control and ban-the-box legislation this past year, it is easy for a bill in one state to become a popular trend for other states. Take a look below at what September has in store for multifamily legislation.
On September 7th Equifax had a major security breach that potentially compromised 143 million consumer’s personal information. The information accessed includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed.