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Rental property landlords who want to be paid are often flexible regarding how they receive their rent money: checks, money orders, online payments, credit cards, and most recently — mobile payment processes. But is accepting a nonstandard, science fiction-sounding currency called cryptocurrency — namely Bitcoin (CRYPTO: BTC) — taking flexible payment options a bit too far? Find out what one major developer…


A wide-ranging $2.3 trillion infrastructure plan released by President Joe Biden Wednesday that includes $213 billion to address affordable housing issues for low- and middle-income renters and buyers, upgrades the nation’s public housing stock and seeks to remove barriers to development received wide approval from multifamily executives who said housing has historically helped lead the…


MCLEAN, Va., March 31, 2021 (GLOBE NEWSWIRE) — A new analysis from Freddie Mac (OTCQB: FMCC) Multifamily examines how expanded unemployment benefits and federal stimulus payments affected unemployed renters’ income during COVID-19 and its potential impact on the ability to pay rent. “The COVID-19 pandemic created huge shifts in unemployment and put uncertainty on working families about how they…


There was a point when Manhattan apartments would get scooped up so quickly that prospective renters needed to show up with a security deposit in hand for a shot at signing a lease. Nowadays, it’s a very different story. Much of Manhattan is shuttered due to the pandemic. Broadway is dark. Concerts are postponed indefinitely. Restaurants are open…


The economic stresses of the Covid-19 pandemic and ongoing shutdowns are taking their toll on renter-by-necessity households. While the prospects of a successful vaccine rollout are encouraging, the many renters who have lost jobs at restaurants, retail establishments, hotels, airlines and other struggling businesses are not going to see an overnight recovery. The recent collection…


What’s the best option for a landlord who’s fallen behind on the mortgage? “The short answer is, you go to your ATM machine, you put in your code, you get some cash, and you pay your lender. That’s always the easiest solution,” Ironhound Management’s Robert Verrone told The Real Deal editor-in-chief Stuart Elliott for the latest edition…


WinnCompanies, the largest operator of affordable housing in the United States, aims to cut eviction rates in half across the company’s owned and managed national apartment portfolio during the next five years, starting with a 25% reduction in 2021. The firm’s new Housing Stability Program will support 160,000 individuals living in 600 residential communities owned…


Real Estate Investment Trust (REIT) Apartment Income REIT Corp. (NYSE: AIRC), or AIR, recently made its public market debut following its separation from fellow residential REIT Apartment and Investment Management (NYSE: AIV), or Aimco. The REITs decided to go their separate ways to concentrate on one aspect of the former combined business model. AIR would focus on owning a diversified…


As you may already know, the Federal Housing Finance Agency (FHFA) has announced the updated loan cap structure for multifamily transactions across Fannie Mae and Freddie Mac for 2021. The new caps will see each of the government-sponsored enterprises drop from $100 billion to $70 billion for loan purchases. The previous combined cap of $200…


Apartments in Phoenix are extremely popular right now and demand for them does not seem to be waning. The soaring interest in the Phoenix apartment market leaves potential investors with a few questions. Why is this happening? What are the specific areas that one should give attention to? Finally, how can you structure a deal…

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