PROPERTY RIGHTS WRONGED!

August 26, 2021 the U.S. Supreme Court ended the pandemic-related federal moratorium on residential evictions imposed by President Joe Biden's administration.  The policy was challenged by the Alabama and Georgia Associations of REALTORS®, two housing providers, and their property management companies. California Governor Gavin Newsom signed a law on June 28 extending the state's eviction moratorium through Sept. 30. This is the third time the moratorium was extended. Newsom, who is facing a recall election, has said a fourth extension is unlikely. California will pay off 100% of eligible tenants' unpaid rent from April 2020 through Sept. 30, 2021. To be eligible, tenants must earn 80% or less of the area median income, an amount that varies depending on where they live. The money - $5.2 billion - comes from the federal government. With this plan everyone should be made whole, right? Not necessarily. What if, you are a tenant that didn’t qualify, or just choose not to pay rent? Well, the CARES Act, has prevented the reporting, or consideration, of certain eviction data in connection with credit history and background screening. Given the risk to businesses considering eviction records during the effective dates of the legislation referenced above, the credit bureau I use, will NOT provide tenant records (i.e., eviction records) created and/or filed from March 1, 2020 until August 31, 2021 on their screening reports, effective immediately.    The winners in this game of political pandering are tenants who did NOT do the right thing. The losers are residential landlords that have a tenant, who will NOT suffer consequences for their derelict actions. Now that we know the problem, it is vitally important to get the true story from the landlord / property manager. We will do our best to get the financial facts so a good decision can be made when screening for a potential tenant. Earnings, credit rating and rent payment history are the major indicators on selecting a qualified applicant. We guide you through the process. Thank you for the trust you have in us. Any questions, please feel free to reach out. If your family or friends need land lording help, you know someone with 40 years of experience who leverages technology to help you win in real estate. This information is brought to you by Richard Miller a licensed California Real Estate Broker, 00578068, specializing in property management in Camarillo, Thousand Oaks, Newbury Park, Westlake Village, Simi Valley, Moorpark, Somis, Oxnard and Ventura.