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.
The rent-to-income ratio, one of the primary underwriting measures of a renter’s ability to succeed in a home, is being challenged. Renters’ income is dynamic and volatile. As a renter’s income evolves, so must our tools that enable property managers to best empower renters to succeed in the home.
The top storylines in multifamily this week: vertical integration benefits, challenging the fee myth, study finds renters moving to larger apartments, workforce housing set to get a boost, development outlook on the mend and the necessity of high-speed Internet.