Considered rationally, the need for all of the social safety nets put in place for renters is obvious. The only way to truly survive a global disaster is to band together and implement a series of solutions. Radical measures had to be taken to mitigate the global pandemic. “We’re all in this together,” is not just a motto, it’s a reality. As a society, we are tasked with taking care of our most vulnerable populations, because the repercussions of not doing so are far more expensive than the costs of their protection. In this instance in particular, increased homelessness and/or a wave of relocations due to a rise in home displacement would only serve to exacerbate infection rates around the nation. That said, here are some clear lessons that residential landlords can learn in the wake of this global event.
Sunday, August 16, 2020
Lesson From the Pandemic For Residential Landlords
The effects of Covid-19 on the
residential rental market are apparent—many jurisdictions have enacted rent
freezes, landlord/tenant courts have been shut down and moratorium on evictions
and foreclosures have been set. Moreover, the accompanying downturn in the
economy has left many without the ability to pay rent on time, if at all.
Friday, June 26, 2020
Real Estate in the Time of Pandemic
Photo by CDC |
With our country beginning to find its way to a new normal at the end of months of quarantine, we in the real estate market are all left with one nagging question—What should we expect from here?
Like most people, I do not have definitive answer. If you are over the age of thirteen, however, this pandemic is certainly not the first market disruption that you have experienced and with each such occurrence, we all learn some valuable lessons about the real estate industry. With that said, here are a couple of lessons that we can learn from this particular time of change:
Friday, June 12, 2020
Social Justice Real Estate
I try my best on this blog to focus on the issues effecting the real estate market and offer a perspective uninfluenced by political factors. To the extent that social factors effect the real estate market, I am happy to address them, but I work diligently to ensure that this blog does not serve the dual purpose of promoting any particular political ideology. With that said, we are all contextual creatures and I, as an African-American male, cannot ignore the current outcry regarding police brutality against my fellow brothers and sisters.
Tuesday, April 28, 2020
Back in the Saddle Again
Hello Readers/Subscribers of the Real Estate Think Tank,
I once read that it's not how many times that you fall off the horse, but how many times you get back on. With that said, I want to announce that I am back on "the horse" and will once again begin to deliver to you once again real estate content from an industry-insider's perspective.
I have been blessed to have had the opportunity to try my hand at a few occupations and have had success in a couple of careers, but one thing remains consistent--no matter how far I try to stray, real estate is my calling. That said, I am going to begin to deliver content on a regular basis. In doing so, I will try my best to both be more technical, as well as more topical and will look to strike a balance between the two.
It's great to be back at the Real Estate Think Tank and like a pair of well-worn jeans, it just feels right!
Yours Truly,
Wednesday, August 8, 2018
The Real Estate Sales Game (Part 2)
In Part 1 of this post,
three aspects of real estate sales were addressed--lead generation, asset
valuation, asset management. These real estate sales characteristics require a
specific approach when applied to real estate sales. In this post, the
remaining two aspects of real estate sales will be discussed--marketing and
customer relations. These aspects of sales are more uniform across all
sales profession, both in and out of the real estate industry.
As a reminder, the
term real estate salesperson includes all real estate professionals that spend
a significant portion of their time selling real estate assets, including
property salespeople, real estate capital markets sales professionals and
commercial and residential loan officers.
Monday, August 6, 2018
The Real Estate Sales Game (Part 1)
Interestingly, I have over 10 years of experience as a real estate salesperson and attorney and have yet to write a post on the mechanisms of real estate sales. An understanding of real estate sales can be useful in informing the perspective of a real estate investor. Real estate salespeople have an intimate understanding of market activity, market trends and asset valuation that can prove valuable to all real estate investors.
Tuesday, July 31, 2018
Change Is A Coming: How Current Economic Conditions Should Affect Real Estate Investment
Many economist and market pundits are predicting a market downturn, beginning
some time in 2019 or 2020. All of the indicators of an overheated boom seem to be
present--increasing margin debt, decreasing dividends, stock market price
inflation and increased levels of corporate debt. Essentially, low interest rates
have made credit more accessible. As a result, businesses are using credit to buy back some of their outstanding stock. In response to the relative decrease in availability of stock,
stock market prices are rising, increasing household wealth across the nation.
Spurred on in part by technological development, the economy seems to be booming at
present, but it is important to note that mechanism that is fueling this increase in wealth is debt.