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Among the firms that work in the multifamily sector, 31% said that proposal activity increased in the second quarter, while 24% said it decreased. The design and construction outlook for Multifamily Housing is again moving in the right direction, according to the PSMJ Resources’ Quarterly Market Forecast (QMF). After a first quarter that saw the…


About the Disaster Protection for Workers’ Credit Act of 2020: This bill generally provides credit protections to consumers during the COVID-19 (i.e., coronavirus disease 2019) outbreak and other major disasters. The bill prohibits furnishers of credit information from reporting adverse credit information that is the result of any inaction or action that occurred during the…


Apartment landlords across the U.S. spent the last days of March holding their collective breath while waiting for rent checks to come in. For the most part, they did, thanks to the $2 trillion in emergency relief authorized by Congress to blunt the economic blow of the pandemic. Now, expanded unemployment benefits are expiring and eviction…


MIAMI (CBSMiami) – Business owners and landlords, who are suffering through coronavirus shutdowns and loss of business, are about be financially hit once again with upcoming property taxes, which in many cases, are hefty. “We are swimming or navigating in strange waters,” said Miami-Dade County Property Appraiser Pedro Garcia. It could get stranger when landlords have difficulty…


The slow reopening of the economy in New York City appears to have led to a slight improvement in residential rent collection for July, although it is still below normal. The Community Housing Improvement Program (CHIP) has been surveying its members in the middle of each month since April, and each month they have reported…


Well-maintained apartments will garner some interest among would-be renters. But if you want your units to fill up quickly and stay filled, you’ll want to offer the best apartment amenities possible for your tenants. Apartment amenities aren’t just reserved for the ultra-luxurious apartment communities — though owners of those properties should know the sky’s the limit…


Sen. Kamala Harris joined the movement to address the housing crisis in America. The California Democrat introduced the Relief Act, which would ban evictions and foreclosures for a year for tenants and homeowners. Those affected would have 18 months to make up missed rent payments. This comes on the heels of a May survey by the American…


While the housing market appears to be faring well against the current recession, growing uncertainty regarding the long term impact of the Coronavirus in other sectors, such as the multifamily market, for example, still remains. Below are three things every apartment owner should consider as they look at each of their properties. Source: Globest .com


With thousands of college students expected to remain off campus this fall due to the coronavirus pandemic, apartments in Greater Boston are losing out on renters. Without students moving into apartments as they normally would before the start of the school year, rental prices — infamously high in the area — are going down. Tenants…


The numbers aren’t dramatic at this point, but apartment vacancies are increasing, rents are decreasing and more tenant concessions seem likely. As the recession created by COVID-19 potentially worsens, so could these issues for apartment owners and managers. “Vacancies are going up and beneficial apartment owners have to get ahead of this early trend, and…

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