by Joe Stampone | May 21, 2020 | Multifamily
If I were to tell you that ~40% of your residents were unemployed, what do you think that would do to rent collections? Would you believe me if I told you multifamily collections were more or less unaffected through May? Probably not. So what’s going on? One of the... by Joe Stampone | Apr 29, 2020 | Innovation, Multifamily, Technology
There’s a lot of chatter and speculation in the commercial real estate community about what a post-Corona world will look like. Is business travel dead? Will consumers ever shop in malls again? Are we all going to be working remotely? Are people going to move out of... by Joe Stampone | Apr 19, 2020 | Innovation
Over the past few years, I’ve spent most of my time working remotely either on the road traveling to properties or out of my apartment. I’ve created an environment and workflow that’s conducive to remote work and I utilize technology to communicate seamlessly with the... by Joe Stampone | Apr 12, 2020 | Market News, Multifamily
Over the past 3 weeks, nearly 17 million people filed for unemployment. True unemployment at this moment is about 18%, compared with just 3.5% as of the first week of March. Many of these individuals rent apartments, have little in the way of savings, and find... by Joe Stampone | Mar 22, 2020 | Market News, Multifamily
I started my career in the real estate business in 2009, the bottom of the Global Financial Crisis. It’s been a historic 10+-year run for the multifamily sector. The combination of economic growth, organic rent growth, compressing cap rates, and sustained low interest...