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Home · Articles posted by Sienna Beckner

A new survey of Lexington landlords and apartment owners shows nearly 70 percent have at least one or more tenants at risk for eviction for nonpayment of rent. Moreover, the survey of 100 Fayette County landlords shows that more than 60 percent had at least one tenant who could not pay rent in April. Gov….


In 2019, the New York Legislature enacted a so-called reform of rent regulation. Owners of 1 million rent-regulated apartment units found themselves almost out of business. Now the coronavirus pandemic — including New York’s responses to it — threatens to finish the job. Last year’s “rent reforms” started by almost entirely preventing owners from raising…


Property management is a long-standing industry that historically has a reputation for being slower to adopt modern, cutting-edge solutions for their businesses. Interestingly, according to our firm’s survey of over 500 property managers, in partnership with John Burns, over a third of property managers indicate that manual processes are a key factor inhibiting their company’s…


Rent is due for most California apartment dwellers today, and their landlords are expecting to see even fewer payments than they saw in April as the economy remains mostly shutdown. On Thursday, advocates for rental housing managers and landlords in Los Angeles and across California urged state lawmakers to create broader policy relief for both renters…


Multifamily housing performed exceptionally well over the course of this cycle, driven by the affordability of renting an apartment relative to owning a single-family house, and the younger generations’ preference for leases and added amenities. Over the past few years, workforce rentals became increasingly undersupplied, as vacancy was near 20-year lows ending 2019. As such,…


Now is the time to prepare for when non-essential businesses will be allowed to re-open after the various state and local COVID-19 shutdown orders are lifted. We do not know when that date will be or how the orders will be lifted, but planning now can make that phase go smoother for building owners and…


Dan Michaels, of the Los Angeles-based real estate investment firm Stockdale Capital Partners, had a gut feeling late last year that it was time to launch a commingled distressed debt fund. Prior to January, few knew anything of the novel coronavirus from Wuhan, China. But more than 10 years after weathering the 2008 downturn, the…


Apartment owners were happy with April’s rent payment results—which found that 89 percent of renters made rent payments through the 19th of the month, down only 5 percent compared to the same period a year ago, according to the National Multifamily Housing Council’s latest weekly survey. But industry leaders know that it is too soon to…


The coronavirus outbreak has impacted renters and homeowners alike from all corners of the U.S. But for those living in affordable housing and low-income rental properties, financial difficulties caused by the pandemic can exacerbate pre-existing problems. Megan Sandel, co-director of the GROW Clinic at Boston Medical Center, said during a recent ULI webinar on protecting…


Financial relief and other emergency measures will bolster the U.S. apartment sector as local governments and federal agencies adapt to the economic turbulence unleashed by coronavirus, according to a new report by Marcus & Millichap. All levels of government have responded to the crisis with measures such as extending unemployment benefits and banning evictions, while…

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