Landlords are bracing for collecting less in April as unemployment continues to rise over the coronavirus pandemic. Also, somehow home prices are rising — for now — despite the coronavirus, some experts say this is a trend that will not last, and expect prices to drop to low 2011 levels eventually. This and more below the fold.

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📰 Spotlight Story

• Rent is Due Today, but Many Tenants Can’t—or Won’t—Pay

  • Landlords brace for collecting less than in April as unemployment soars amid the coronavirus pandemic.

🎧 Latest Podcasts

• BiggerPockets Podcast 380: Profitable Landlording in a Crisis with Mike Butler, Chris Clothier, and Dave Poeppelmeier

  • Feeling like you’re in uncharted territory as a landlord? You’re in good company! Today’s show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond. Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris C

📖 Latest Blog Posts

From Calculated Risk’s Most recent posts

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• Black Knight Mortgage Monitor for March; Discussion of Forbearance Plans
  • by Calculated Risk on 5/04/2020 07:00:00 AM
• Sunday Night Futures
  • by Calculated Risk on 5/03/2020 06:37:00 PM
• May 3 Update: US COVID-19 Test Results
  • by Calculated Risk on 5/03/2020 05:04:00 PM
• May 2 Update: US COVID-19 Test Results
  • by Calculated Risk on 5/02/2020 05:26:00 PM
• Four High Frequency Indicators for the Eventual Recovery
  • by Calculated Risk on 5/02/2020 01:48:00 PM

From Realtor.com’s Latest News

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• Rent is Due Today, but Many Tenants Can’t—or Won’t—Pay
  • Landlords brace for collecting less than in April as unemployment soars amid the coronavirus pandemic.
• Despite the Coronavirus, Home Prices Are Still Rising—for Now
  • Flying in the face of expert predictions, annual home prices ticked back up again instead of continuing in their deceleration.
• This Is the State of the Real Estate Market Right Now: What the Numbers Show
  • As the COVID-19 health crisis continues to ravage the world, along with the global economy, this is how it’s affecting the real estate market right now.
• Pending Home Sales Drop to Lowest Level Since 2011 as Coronavirus Takes Its Toll
  • The index of pending home sales dropped 20.8% in March, due to the coronavirus pandemic. The index serves as an indicator for existing-home sales reports in the coming months.

From Spark Rental’s Latest Blog Posts

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• Hedge Against Inflation: Protect Your Portfolio from COVID-19 Inflation
  • In late March 2020, Congress approved an unprecedented $2 trillion ($2,200,000,000,000) stimulus package to avert the widespread collapse of businesses and employment in the midst of the COVID-19 pandemic. The Federal Reserve announced that it will buy an indefinite…
• Proof of Residence Letter Sample: How to Write an Affidavit of Residence
  • The proof of residence letter, also called the proof of residency letter or the affidavit of residence, is probably the least stressful letter a landlord can write. In fact, this letter is a piece of cake. You, as a landlord, don’t need to vouch for your tenant in a…
• Infographic: The Coronavirus Impact on Real Estate Investors (Updated)
  • Evolving story, updated weekly as we know more.   As the coronavirus continues rattling investors and shuttering businesses around the world, people keep asking me the same question over and over: What will the impact on real estate be? Because no one knows how…
• Virtual Tours: Landlords’ Guide to Showing Vacant Units During Coronavirus
  • The COVID-19 pandemic has disrupted nearly every aspect of our lives. As we all try to keep up with all the ways the coronavirus is impacting real estate investors, many landlords are scrambling to figure out how to fill vacancies during the pandemic. Landlords and…

From Bigger Pockets’ Top Popular Posts

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• Rates Are Historically Low, But It’s Extremely Hard to Get a Loan—Here’s Why (& What to Do About It)
  • By Matt Faircloth
• How COVID-19 Stress Validates Dave Ramsey’s Approach to Debt
  • By Sarah Pritch
• Interactive Map: U.S. Housing Markets at Highest Risk Post-Coronavirus
  • By G. Brian Davis

From PM Insider’s Latest Posts

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• COVID-19: Staying Ahead in a Crisis with Analytics (Webcast Summary)
• COVID-19: Impact on April Rent Payments, Leasing Traffic and More (Webcast Summary)
• COVID-19: Impact on Student Housing (Webcast Summary)
• Avoiding the Over-and-Under Gamble of Utility Expense Billing

🤓 From Reddit

From Reddits /r/RealEstate Subreddit

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• CNBC: Only Half of Americans Confident They Can Pay Full Rent in May
  • current score on reddit: 411
• Struggling Airbnb Hosts May Be Forced to Sell Their Properties
  • current score on reddit: 407
• Is it me or is this sub filled with well-capitalized doomers rooting for a crash?
  • current score on reddit: 320