5 at 5: Your Daily Digest for Real Estate Investing, 2/11/21

Through the collaboration and the coronavirus, a long term tenant retention, HUD is expanding housing protection to a larger segment of the LGBTQ community, rental rates are falling in coastal cities, and is investigating a green fund.

In today’s news

COVID-19 is forcing cooperating companies to reformulate their business model

The Wall Street Journal [subscription required] According to reports, the pandemic is forcing a number of cooperating companies to ditch original business models or accelerate the rollout of a new one as the broader office market is threatened.

Why it matters: There are large and small operators in this area and everyone is feeling the pressure. You can also be a canary in the coal mine for urban office space in general, so property investors should be watching this space.

Apartment resident retention is getting messy

According to this column from RealPages Chief Economist on GlobeSt.com, the challenges of customer loyalty are more pronounced in the urban core in almost all metropolitan areas than in the suburbs.

Why It Matters: This thoughtful piece provides context for the pandemic by looking back at how we got here. Context can help educate the tactics for landlords and investors trying to read today’s tea leaves.

Today on Millionacres

HUD extends the protection of fair living conditions to gender identity and sexual orientation

The Department of Housing and Urban Development (HUD) announced today that it has officially started investigating fair housing complaints related to gender and sexual orientation identification.

Why It Matters: Millionacres’ Aly Yale points out that fair housing law has been around for a while. So if you as a landlord have already been in tune with his protections, today’s news shouldn’t require major changes on your part. When in doubt about how to screen, qualify, and treat tenants, consult a knowledgeable attorney.

In coastal cities the rent is slowly falling

A well-documented outcome of the housing market pandemic is the decline in residential rental prices in some of the most expensive high dollar markets. This decline shows some signs of easing.

Why It Matters: Millionacres’ Liz Brumer interprets the numbers and says a wait and see approach is probably still the smartest move until months of data reflect this shift in rental rates.

The Fifth Wall Carbon Impact Fund: What Investors Need To Know

Leading climate change and proptech investment firm, Fifth Wall, launched the Carbon Impact Fund to help builders reduce their carbon footprint. Here is a closer look at the fund and how it can help solve a key problem for home builders.

Why It Matters: Green is the new black when it comes to investment trends, and Millionacres’ Matthew DiLallo takes a look at this particular fund and what home builders may consider to help the environment on their own.