Zumper's National Rent Report for November 2020

BY  ON NOVEMBER 2, 2020

Rental information site Zumper recently released their National Rent Report for November, 2020 showing that their median national rent for 1-bedroom apartment was $1,225 (down 0.5%) and the median two-bedroom rent was $1,483 (down 0.4%). Click here to read more.

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Top 15 Hottest Cities for Millennial Renters

BY  ON OCTOBER 19, 2020

We love posting about millennials, if for no other reason than just like every other generation they, too need a place to live. In fact, they have now taken over from the Baby Boomers as the largest generation to date and make up a majority of our nation's workforce. Click here to read more.

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CDC Issues FAQ Guidance for its Eviction Moratorium

BY  ON OCTOBER 13, 2020

The CDC recently issued a set of FAQs (frequently asked questions) offering "non-binding" guidance with respect to their recent Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19 moratorium.  This order temporarily halted residential evictions of covered persons for nonpayment of rent September 4th through December 31st, 2020. Click here to read more.

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Make Yourself Your Tenants' Top Priority

BY  ON OCTOBER 6, 2020

Many of our renters are facing a hard choice in today's tumultuous and unpredictable climate. With layoffs, furloughs, and job uncertainty, there is often not enough money and too many bills or financial responsibilities. They are faced with the choice of paying the car payment or paying the rent. With a new eviction moratorium in place, the choice got easier for many tenants as they see it as a protection for their housing and choose to pay other bills first. Click here to read more.

 

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Apartment Conversions at All-Time High

BY  ON SEPTEMBER 30, 2020

A recent report from RENTCafé says that thanks to an all-time high in conversions, yesterday's factories are today's Apartments. The report says that of the nearly 2k buildings converted over the last 70 years, 800 were done in the last decade alone. Click here to read more.

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Black Knight Says Seriously Past-Due Loans Rise

BY  ON SEPTEMBER 29, 2020

According to Black Knight's "first look" report for August, 2020, an improvement in early-stage delinquencies was offset by a 5% increase in serious delinquencies (those 90+ days past due) which have now risen in each of the past five months. Click here to read more.

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Can't Evict? Why Sending a Non-Paying Tenant to Collections Might Save Your Investment

BY  ON SEPTEMBER 28, 2020

Are you a landlord trying to come to terms with all the eviction moratoriums that are gripping the industry? On a recent episode of the Rent Perfect Podcast, David Pickron discusses how during a time of no evictions, collections could be your ultimate solution. Click here to read more.

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Self-Storage Industry Sees Strong Demand

BY  ON SEPTEMBER 23, 2020

We've had several posts about the self-storage industry over the past few years. Now comes a recent report form RentCafé (analyzing the 100 largest markets) that says although inventory is high and rates are lower, demand is keeping the industry strong. Click here to read more.

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Majority of Young Adults Now Live With Parents

BY  ON SEPTEMBER 18, 2020

Infographic: We started seeing this trend a few years ago, well before the Coronavirus pandemic. Citing recent data from Pew Research, today's graphic shows that 52% of Americans aged between 18 and 29 now live with a parent - which they say is the highest share recorded since the Great Depression-era! Click here to read more.

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Rental Housing in America

BY  ON SEPTEMBER 16, 2020

Who owns rental properties in America?  Members of National REIA will not be surprised to learn that of the 19+ million rental properties across the nation, 72% are owned by individual investors. The NAHB's Eye on Housing recently took a deep-dive into the Census Bureau's Rental Housing Finance Survey (RHFS) to examine the characteristics of rental housing in the United States. Click here to read more.

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