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Real Estate News: Real Estate Investing Podcast

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!
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Apr 11, 2016

The federal government is sending a stern warning to landlords - that it's a violation of the Fair Housing Act to discriminate against ex-convicts trying to find a place to live.

The U.S. Department of Housing and Urban Development issued the warning as part of its Fair Housing Month that began on April 1st.

As reported in the New York Times, the paper says quote "private landlords who have blanket bans on renting to people with criminal records are in violation of the Fair Housing Act and can be sued and face penalties for discrimination."

HUD Chief Julián Castro issued the new guidelines on April 4th saying that the fair housing law applies to people with criminal records, not because they are a protected class of people, but because there's a disproportionately high number of African Americans and Hispanics that are arrested and convicted in the United States, and those two groups are protected by federal laws against discrimination.

Under these new guidelines, landlords cannot reject a prospective tenant because they answer "yes" to that little question on most rental AND job applications about whether they've ever been arrested. HUD says THAT cannot be used as a reason to keep someone from renting your property. After all, you are innocent until proven guilty, so an arrest record is not a good indicator of a person's potential bad behavior.

The question would be better stated, have you ever been convicted of a crime. At this point, these new guidelines are more far-reaching. HUD says landlords cannot have a "blanket ban" on renting to people with "convictions". But the rules are fuzzy. A landlord can take criminal history into consideration but there are no specific rules as to when a decision becomes discriminatory.

How do you protect yourself as a Landlord?

Get the full transcript at:
www.NewsForInvestors.com

The post #043 – HUD says Criminals Now Have Tenant Rights? appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.

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