The housing crisis caused by a lack of inventory and high-interest rates is driving more and more people who, in better economic conditions, would be buying homes – to rent. This scenario has increased over the past year and entered another microeconomic stage. Depressed by inflation and a lack of housing choices, renters are increasingly […]
Michigan landlords can ask for pay stubs, W-2s, bank statements, paid invoices, or job offer letters to prove income for potential tenants. But according to a new study from the National Multifamily Housing Council (NMHC), those proofs of income are being falsified at a mind-numbing level. In a study released just a few weeks ago, […]
“At our best, that’s what we are—a home of opportunity for people seeking a great life at a good cost of living… there just aren’t enough homes for growing families. Detroiters see higher rates when they re-sign. In other words, the rent is too damn high and we don’t have enough damn housing! “ Governor […]
As was the case in 2023, decisions by the Federal Reserve will determine a lot of the economic health of the housing industry in 2024. From new multi-family builds to refinancing, mortgage rates and housing availability, the Fed still hovers over the economic performance of the U.S. – Oh by the way, it’s an election […]
Last year, Paletz Law’s deep bench of 13 attorneys, making it one of the largest landlord-tenant firms in Michigan, continued to make gains in aggressively protecting the rights of our clients, including: Obtaining multiple favorable court decisions Successfully defending multiple fair housing claims Protecting the rights of our clients when tenants filed for bankruptcy Obtaining […]
Advocacy groups that seek to protect people’s rights are a good thing. It’s when their activism becomes adversarial and intentionally or unintentionally infringes on the rights of others that it’s cause for alarm. In the past few years, a growing number of tenant advocacy groups have made it more complicated for Michigan landlords to provide […]
Over the past few years, there’s been a movement to gut the criteria that a landlord relies on to screen a potential tenant. Criminal background checks for years have been a staple used by property owners as a reliable and necessary tool in the tenant screening process. But some housing advocates are even suggesting eliminating […]
When you combine two-plus years of eviction moratoriums, an inflationary economy that is causing financial harm to tenants, increased government regulation, and skyrocketing interest and insurance rates together, you get a formula scarier to our housing sector than any costumed teenager coming to your door for candy – “Ghost rentals.” And not unlike that spooky […]
Speak with a Paletz Landlord
Advocate Today