At Ferguson Property Management, we understand the importance of staying ahead of rental regulations to ensure smooth operations for both landlords and tenants. With over two decades of experience in the industry, we’re here to guide you through navigating these new regulations effectively.

The Changing Nature of Rental Regulations

In 2024, the renting market is witnessing significant shifts in regulations, reshaping the dynamics between landlords and tenants. From amendments in housing laws to adjustments in affordability requirements, these changes impact every aspect of property management. 

Several rental laws that are going into effect this year include:

Tenant Protection Act of 2024: Expands tenant protections, including eviction and rent control measures, to provide more stability.

Affordable Housing and Homeownership Preservation Act: Aims to increase access to affordable housing and preserve homeownership opportunities through various incentives and programs.

Fair Housing Amendments: Enhances fair housing protections, addressing discrimination issues and promoting equal access to housing opportunities.

Rental Housing Inspection Program: Introduces mandatory inspections for rental properties to ensure compliance with health and safety standards.

Eviction Moratorium Extension: Extends eviction protections for tenants facing financial hardship due to the pandemic, providing relief during uncertain times.

Hiring a property management company can help you manage your rentals and comply with these new rental regulations.

The Advantages of Rental Property Management

There are many advantages to professional property management, such as:

Expertise and Experience: Property management companies bring years of experience and expertise to the table. They understand the intricacies of property laws, rental regulations, market trends, and tenant relations, ensuring that your property is managed effectively.

Time and Stress Savings: Managing rental properties can be time-consuming and stressful, especially for landlords with multiple properties or other commitments. Property management companies handle day-to-day tasks such as tenant screening, rent collection, and maintenance, allowing landlords to focus on other aspects of their lives.

Tenant Screening and Placement: Property managers have robust tenant screening processes in place to find reliable tenants for your property. They conduct background checks, verify employment and rental history, and assess creditworthiness to minimize the risk of problematic tenants.

Rent Collection and Financial Management: Property management companies ensure timely rent collection and handle financial matters such as setting rental rates, managing budgets, and paying property-related expenses. This ensures consistent cash flow and financial stability for landlords.

Property Maintenance and Repairs: Property managers oversee maintenance and repairs, ensuring that the property remains in good condition and addressing any issues promptly. They have a network of trusted contractors and vendors to handle repairs efficiently and cost-effectively.

Tenant Relations and Conflict Resolution: Property managers act as intermediaries between landlords and tenants, handling communication, addressing concerns, and resolving disputes professionally and impartially. This fosters positive tenant relations and helps maintain tenant satisfaction.

By partnering with Ferguson PM, you tap into a wealth of expertise and resources tailored to simplify the renting process, making us your trusted ally in navigating rental regulations.

Hire Ferguson PM to Manage Your Property

With our comprehensive suite of services and unwavering dedication to compliance, we provide landlords and tenants alike with peace of mind. Whether it’s interpreting complex rental regulations or implementing necessary adjustments, our team is ready to assist you every step of the way. Reach out to us today and let Ferguson PM be your partner in staying on the right side of the law.