After months of suffering because of the Coronavirus pandemic, the multifamily sector is finally getting not just one good report but, instead, a healthy batch of good news.
Apartment rent payments overall have remained stable throughout the pandemic—a welcome surprise considering the rapid increase in unemployment.
the CDC order is now set to expire on January 31, 2021, the CDC order will likely be further extended. In the interim, multifamily landlords may wish to consider the checklist items above to address a nonpaying tenant.
The NMHC’s Rent Payment Tracker, which surveys 11.5 million units of professionally managed apartments across the country, found that 89.8% of apartment households made either a full or partial rent payment by December 20.
Congress is set to pass a coronavirus relief bill that includes funding for rental assistance and the continuation of the nationwide eviction moratorium.
A deferred sales trust is a method used to defer capital gains tax when selling real estate or other business assets that are subject to capital gains tax. Instead of receiving the sale proceeds at closing, the money is put into a trust and only taxed as the funds from the sale are received.