The coronavirus pandemic has no timetable, so it is difficult for businesses to implement strategies to make it through. This task is even harder for owners of workforce housing who don’t know how much rent they can anticipate to collect when May 1st rolls around. As many of their tenants have been laid off or furloughed, more and more will be opting to keep their money in their bank account rather than pay rent.
Find out how landlords are dealing with one of the toughest stretches for the CRE community as Bisnow’s workforce housing webinar.
During this webinar they discussed:
When a tenant asks for rent relief because they have been laid off or furloughed, do you ask for proof?
What kinds of relief have multifamily owners been providing? How sustainable are those kinds of relief?
What types of multifamily products are taking the biggest hit?
Will we see unemployment rates impact underwriting for multifamily units?
What will the multifamily market look like post-coronavirus?
Merrick Manor is the only brand-new, move-in ready condominium offering in Coral Gables. Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.