Zillow’s Matthew Speakman on 2021’s home-building market

In this interview, Speakman discusses the latest housing starts report and how it effects the home-buillding market.

Mortgage rates remain steady, rise to 2.81%

With 14 consecutive weeks below 3%, Khater says rates provided "tangible support" to economy.

The future of title and escrow tech

Heading into 2021, there are many changes in store for the title industry. Join this multi-panel event to get ahead of the curve.

Stacking the deck

Does choosing the right technology stack give your brokerage a competitive edge?

Real Estate

The impact of COVID-19 on small landlords: How to lower the risks

Will small landlords be able to internalize increasing expenses?

piggy bank - money - mask

Several times a month, the National Multifamily Housing Council (NMHC) releases data from its Rent Payment Tracker, a measure of the number of tenants who have paid rent that month. Its most recent update, issued on Aug. 24, found that 90% of apartment households had made a full or partial rent payment by Aug. 20. Great news, right?

Robyn headshot
Robyn A. Friedman
HW+ Columnist

Maybe not. The percentage of tenants paying rent declined 2.1 percentage points year-over-year. It slid month-over-month as well.   

More importantly, the statistics come from a survey of 11.4 million professionally managed apartment units across the country. That means that small landlords – the mom-and-pop investors who own single-family homes for rent or perhaps a small apartment building – are not reflected in NMHC’s statistics. But it’s these landlords that are the most vulnerable to the economic impacts of COVID-19.

Why smaller landlords are at risk

Mom-and-pop investors are especially vulnerable if their tenants fail to pay rent. Many are undercapitalized and would be unable to pay their bills if a tenant became delinquent or vacated a unit.

The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in

HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Get $75 off your initial membership with coupon code “intro75”.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please