On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion COVID-19 relief bill, which passed in the U.S. Senate by a narrow 50-49 vote on March 6 and in the U.S. House of Representatives by a 220-211 vote on March 10, signifies the Biden administration's first legislative achievement with the Democratic majority in Congress to expand federal assistance to the American public.

To get an edge over your competition and reduce the hassles associated with collecting rent, you may be considering letting residents pay their rent by credit card. While accepting credit card rent payments is generally a reliable way to get paid, there are some precautions you should take before you do so to make sure you get all the rent that's due.

Q My company is about to manage a new tax credit site. We heard that tax credit managers can choose to base the rent for a low-income unit on either the size of the household that occupies the unit or the number of bedrooms in the unit. Is this true?