What I'm Reading Storm Clouds: The apartment sector has been a bright spot during COVID-19 but that is starting to change. Enhanced eviction protection, lower rent collections and unprecedented declines in asking rent in some urban markets are taking their toll on apartment owners. During the pandemic, the share of...
January 26th – Deep Hole
What I'm Reading Deep Hole: Nearly 20% of American renters are behind on payments. The typical delinquent renter now owes $5,600, being nearly four months behind on their monthly payment, includes utilities and late fees according to a new analysis from Mark Zandi, chief economist at Moody’s Analytics, and Jim...
January 18th – Sharpened Pencils
What I'm Reading Sharpened Pencils: There is so much money flooding into the build-to-rent space that it is making land in outer-ring suburbs expensive and making deals difficult to pencil out. This is the point in the cycle where it takes aggressive underwriting to make a lot of cookie cutter...
January 15th – Plug and Play
What I'm Reading Plug and Play: Remote work (which may or may not be temporary) during the pandemic has fueled demand for furnished short-term housing. What I find interesting here is that mobility had been falling for decades and the accelerated abruptly. Question is what happens to that increased mobility...
January 11th – Wait and See
What I’m Reading Wait and See: NNN lease investors had assumed that Republicans would win the Georgia Senate special election and the 1031 exchange would be safe. Now that the Democratic party candidates have prevailed, those investors are anxiously awaiting President Elect Biden’s first 100 day agenda to see if the...
January 8th – Ultimatum
What I’m Reading Ultimatum: In another sign that flexible work arrangements will become a job perk, twenty-nine percent of working professionals say they would quit their jobs if they couldn’t continue working remotely, according to an online survey of 1,022 professionals by LiveCareer, an online resume and job search consulting...
January 7th – Reading the Tea Leaves
One Big Thing Now that the elections have come finally, mercifully come to a close, I thought that it would be a good idea to take a look at the likely winners and losers both in the real estate sector and the economy as a whole. I’m going to do...
January 5th – Unmasked
What I’m Reading Unmasked: The Corporate Transparency Act, which was tacked onto a defense bill, would require corporations and limited liability companies established in the United States to disclose their real owners to the Treasury Department, making it harder for criminals to anonymously launder money or evade taxes. The rule applies...
January 4th – Blurred Lines
What I’m Reading Blurred Lines: States are facing off in a high-stakes legal battle over who is entitled to income taxes on remote workers when one is employed by a company in one state but resides in another. The results of this high-stakes legal battle will have a profound impact on...
December 22nd – Under the Tree
Quick programming note: I’m going to be taking a break from blogging the next week or so and won’t be posting every day. That being said, if something looks particular interesting, I’ll check in. This week’s big news is obviously the $900 billion rescue package that looks likely to be...