The nature of volatile income is that no two renters have the same payment schedule or cash flow. When that reality is juxtaposed with the traditional first-of-the-month rent due date, it causes financial challenges for many residents – not because they can’t pay rent, but because their cash flow is so variable.
The top storylines in multifamily this week are automation and leasing teams, garden-style communities, enhancing the leasing process, multifamily investment, and rent delinquency.
Making on-time, in-full rent payments is difficult for many modern renters. Some residents live paycheck to paycheck and struggle to make ends meet. If anything, the pandemic cast a spotlight on the challenges facing renters and their housing providers across America.
Till’s Credit Builder reduces complexity for property managers by handling all interaction with the credit bureaus and taking on the compliance risk of reporting their renters’ payment history. It’s a hassle-free solution for landlords. Till offers rent reporting alongside its full suite of services.
This week’s top multifamily storylines: study shows more renters moved in 2020 despite the pandemic, the complexity of apartment companies requiring vaccines, average rent due to exceed $6K for those behind on rent, LeaseLock hits $1B in leases insured, Lincoln gets ready to acquire Excelsior Multifamily and affordable housing set to get a boost from Biden’s infrastructure plan.
This week’s top multifamily headlines: rethinking breed restrictions, the pending bounce back of urban apartments, the habits of the most effective leasing associates, the top concerns of operators, Amazon’s $2B commitment to affordable housing, and design trends that will flourish in 2020.
November rent payments, meeting goals with ancillary revenue, preventative maintenance for the holidays, young renters moving back home, Trump’s Fannie and Freddie plans at risk and how the pandemic is hampering apartment construction headline this week’s Industry Trends Report.
Solutions to diversity challenges, connectivity and comfort in a COVID world, the problem with in-house review responses, the survival of apartment construction, the importance of socializing to Gen Z and Las Vegas’ rent payment problem headline this week’s multifamily news.
Julia Falcon, HousingWire Rent payments made on June 1 have dipped in some states, while others have shown positive growth, according to a new survey from LeaseLock. Even though renters haven’t had […]
More than 26 million people have filed for unemployment in the five weeks since cities and state began to order non-essential businesses to close. Millions of apartment renters across the U.S. have […]