You are using an older browser version. Please use a supported version for the best MSN experience.

5 at 5: Your Daily Digest for Real Estate Investing, 10/08/2020

Millionacres logo Millionacres 10/8/2020 Marc Rapport
a close up of a clock: 5 at 5: Your Daily Digest for Real Estate Investing, 10/08/2020 © Provided by Millionacres 5 at 5: Your Daily Digest for Real Estate Investing, 10/08/2020

Apartment rent flow up, apartment sizes down, a new "Cityness" index, a new affordable housing REIT, and best practices for checking tenant references.

In Today's News

Nearly 80% of Renters Paid in the First Month of October

The National Multifamily Housing Council (NMHC) Rent Payment Tracker found 79.4% of apartment households made a full or partial rent payment by Oct. 6 in its survey of 11.4 million units of professionally managed apartment units across the country.

Why it matters: While that's the same as last year at this point and a bit better than this point last month, the NMHC says the numbers show that government relief is still needed for many, many tenants and landlords. It also can be a useful intel for smaller operators and mom-and-pop landlords.

Honey, I Shrunk the Apartment

A study from RCLCO Real Estate Advisors takes a deep dive into the average size of new apartments built between 2000 and 2019. Spoiler alert: They're still shrinking, but not as fast as in the past.

Why it matters: The study finds current wide variance by market and provides insight for developers considering their own projects and for investors mulling market moves themselves.

Suburbs With a City Flair May Suit Those City Folks Moving Out

This interesting piece on GlobeSt.com takes a look at a Yelp (NYSE: YELP) and Zillow (NASDAQ: Z) (NASDAQ: ZG) report on what those two firms call their new "Cityness Index."

Why it matters: This measure of how multiple suburbs hit the mark on affordability and amenities alike is a cool new way of looking at what's happening as city dwellers are apparently fixin' to move out of town, or at least downtown.

Today on Millionacres

New REIT Targets Workforce Housing and Opportunity Zones

California-based Aspire Real Estate Investors aims to be the first qualified opportunity fund to appear on a national securities exchange. Millionacres' Deidre Woollard looks under the hood.

Why it matters: The minority-owned firms creating the new real estate investment trust (REIT) aspire to get on the NYSE. Being able to buy shares that way would lower the financial bar for entry into this emerging investment tool for affordable housing. But there are a lot of regulatory issues, too, including around how long an investment must be held to qualify for the tax break built into the opportunity zone programs.

7 Questions to Ask When Calling a Renter's Past Landlords

Millionacres' Aly Yale lists seven questions you can ask a previous landlord and not run afoul of the law. But check with a real estate lawyer just to be sure.

Why it matters: Aly also includes some things that are definitely "don't go there" as she shares insight on how landlords can do their best to get responsible tenants.

Get the 'Dirt on the real estate market

Are you looking for the next hot real estate market? Want to know how new rules and regulations could impact your next home purchase or real estate investment? Would you like to find out which improvements to your property will get you the most bang for your buck? We cover all these things and more in our newsletter, Paydirt.

Sign up here to get our best insights delivered to you.

The Motley Fool has a disclosure policy. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from Millionacres is separate from The Motley Fool editorial content and is created by a different analyst team.

AdChoices

More from Millionacres

AdChoices
image beaconimage beaconimage beacon