Why many are more worried about 2021 than 2020

For millions of housing insecure Americans, 2021 holds more fear than promise. As we write this post, the US is seeing over 2,000 deaths every day, higher than any other point during the pandemic. Jobless claims remain stubbornly high. As many as 14 million American households are at risk of eviction with an estimated $25 billion in rental debt. The promise of a vaccine adds some optimism, but realistically the public health and economic climate is not likely to improve in the near future.

Update

Feature Release: Owner Linking

Tolemi has added a new filter group called Owner Attributes that lets you filter by criteria such as whether the owner lives in your city or out of state, is the owner a mom & pop landlord or large national outfit, is property owned by a public entity, and of course is the property owner occupied. Check out some use cases.

Renters, out-of-town landlords, and institutional investors: Who’s really bringing down the neighborhood?

The economic peril from COVID-19 has reached nearly every corner of the economy, and the threat of housing insecurity looms ominously on the horizon for millions of Americans. Today we want to focus on the plight of the homeowner, just 12 years removed from the unprecedented 2008 Housing Crisis. In the near-term, temporary measures like stimulus checks, an increase to unemployment insurance, and forgivable small business loans to cover payroll amounted to hundreds of billions of dollars injected directly into the bank accounts of homeowners. For those who lost some or all their income because of COVID-19, these temporary measures provided a lifeline through the spring and summer to continue making mortgage payments. And at the height of the pandemic, many courthouses, where foreclosure notices are be filed, were closed, effectively freezing foreclosure activity entirely. Additionally, on March 18, the Federal Housing Finance Agency (FHFA) enacted a moratorium on foreclosures for borrowers with mortgages backed by Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac that has subsequently been extended through the end of 2020, protecting 28 million single-family homeowners. FHFA also allows these borrowers the right to request forbearance for a total of 360 days.

Update

Introducing Mail Merge

We are excited to introduce the Mail Merge feature in BuildingBlocks. Now, in two clicks, you can download a CSV formatted and ready to go for your mass mailings. We even give you two options: one is addressed to ‘Resident’ at the physical address of all properties selected. The other enables you to send a mailing to every unique owner at their mailing address on file for the group of properties you’ve filtered. The owner export also includes comma-separated list of all properties owned by each owner, which can be used to populate mailers.

Inspector

Hagerstown, MD

This 40,000-person city introduced a Rental Property Licensing Program in 2003 “to promote safety, health, and habitability in rental housing. They partnered with Tolemi to create a systematic way to flag non-compliant properties—without burdening staff with hours of research resulting in greater compliance with less staff hours than before.

Glass Wall Sticky

You’ve Passed a Rental Registration Ordinance…Now What? (3 of 4)

Implementing a registration or inspection program can seem daunting. For municipalities that had no oversight of rental properties prior to passing an ordinance, it can mean the added responsibility to register or even inspect tens of thousands of units of housing. And more often than not, we’ve seen these put into place without the addition of new administrative or inspectional staff. In this series of post, we will walk you though each step of the process to make sure that your program is successful.

Register Chalkboard

You’ve Passed a Rental Registration Ordinance…Now What? (2 of 4)

Implementing a registration or inspection program can seem daunting. For municipalities that had no oversight of rental properties prior to passing an ordinance, it can mean the added responsibility to register or even inspect tens of thousands of units of housing. And more often than not, we’ve seen these put into place without the addition of new administrative or inspectional staff. In this series of post, we will walk you though each step of the process to make sure that your program is successful.

The Case for a Rental Property Registration Ordinance (1 of 4)

Cities will adopt a rental property registration ordinance for various reasons, but they generally can be categorized into two buckets: decrease administrative burden on the city and ensure the safety of their citizens. By requiring rental registration, city officials can easily contact property owners or managers when issues need to be addressed. Many cities take an even more proactive approach and require occasional inspections of rental properties to ensure the safety of tenants. Learn more about the questions you should be asking yourself and the challenges you should expect while creating a Rental Property Registration ordinance and program.

Update

Following and Notes

We are excited to announce Mobile BuildingBlocks, a total overhaul of the entire user experience specifically designed for iOS and Android mobile devices. We have spent months talking with you to better understand what BuildingBlocks features you need out in the field and how we can deliver them seamlessly through a phone or tablet. The result is Mobile BuildingBlocks, and you can access it today by opening a mobile browser and typing the same url you use to access BuildingBlocks on a desktop.