Daily Data
Today, we're sharing a round-up of headlines for you from around the country. Check out this news, hot off the press.
Tampa Bay: Built-for-rent houses coming to Tampa Bay suburbs as industry booms
Phoenix: Cryptocurrency being used in some Arizona real estate deals
Dallas: Delayed Rental Assistance Could Make Evictions in Dallas Much Worse
Minneapolis: Minneapolis landlords challenge tenant-screening rules
Don't Turn into a Post-Pandemic Slumlord
The slumlord is at the extreme end of the real estate investment spectrum. He’s what happens when you’re more focused on getting something out than putting something in. But real estate isn’t just a financial investment.
In a way, you’re taking responsibility for the people who live in your properties – which is why at REI Nation, we don’t call them tenants. To us, they’re residents.
Read the full featured article here
The Take
If you're managing your own rental property investment, the bane of your existence is most likely tenant turnover. Been there. And as much as we'd all love a simple, automated process, each turnover can feel like a unique scenario. Don't miss a step—take this reminder along with you.
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The Word
Check out our recommended reading for the week:
- Jetty raises $23M to help give renters more payment flexibility (TechCrunch)
- If we've learned anything from property management in the pandemic era, it's that paying rent is no longer a straightforward process. Now, there are even more routes for residents to make rent payments more affordable.
- Why should you care? Though Jetty is basically beta-testing in New York City, it won't be long before this idea catches fire.
- Investors across the country just bought a Modesto apartment complex. How? Crowdfunding. (Modesto Bee)
- Investing via crowdfunding is IN, and it's happening across the country.
- Why should you care? Investing this way will have major consequences in the real estate market. And it looks like we're entering a new chapter for property management.
- Very bad news for REIT investors (Seeking Alpha)
- What's the difference between REITs and crowdfunding? Good question. Better question: is it even worth it to invest in REITs anymore?
- Why should you care? Now's the time to thing looong term, so be even more selective about how much and through what channels you invest.