BiggerPockets Daily BiggerPockets

Growing old is a fact of life—even for Keith Richards—and while it’s doubtful you’ll see world-famous rock stars or aging screen stars in a residential assisted living (RAL) facility, for the rest of the population, they serve as the last stop before our final elevator ride. This is why, after a pandemic pause, senior housing communities are back to making a roaring trade. 
“People put off moving in for an extended period of time during the pandemic,” Lisa McCracken, head of research at the National Investment Center for Seniors Housing & Care (NIC), told the Wall Street Journal. “Now those needs have been amplified because of that delay.”
Learn more about your ad choices. Visit megaphone.fm/adchoices

Mortgage rates recently rose above 7% for the first time this year, bringing an already glacial housing market to a standstill. The news has hit investors like a horror movie jump scare after we’d thought the worst was behind us. 
A robust economy is partly to blame. During the pandemic, when U.S. citizens feared rationing and mass unemployment, predicting our current economy would have been almost unthinkable. 
Learn more about your ad choices. Visit megaphone.fm/adchoices

  In our first sotry today, California ADU laws have been softening for several years in an effort to increase housing space and availability. ADUs are often used as rentals, which can help alleviate some of the pressure on rental supply. However, what it doesn’t do, is increase general housing supply, as ADUs are considered a part of the primary residence, where only one person can own it. However, Assembly Bill 1033 was passed in California last October that changes everything, and presents investors a huge opportunity.

  Our 2nd story highlights that rents were on the rise during the peak pandemic years, only to come back to normal growth trajectories over these last couple of years, with a few pockets of decreases and increases depending on the market. Spoiler alert: The same is going to continue, but at least we are confident enough to say it’s guaranteed. At least according to Barry Sternlicht, CEO of Starwood Capital, who said that with widening supply gaps and a lack of construction, we’re guaranteed to see rents continue to grow for the next two years

Learn more about your ad choices. Visit megaphone.fm/adchoices

As a rental property owner, there’s no better feeling than a tenant signing a lease. This puts you on track to generate a positive return on investment (ROI). 
Unfortunately, things don’t always work out as planned. For example, a tenant not paying rent can turn your profit upside down. 
Should you find yourself in this situation, there are several key steps you must take.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Pittsburgh has the hottest housing market in the country. Who knew? According to Redfin, Pittsburgh housing prices were up a mighty 22% from February 2023 to February 2024, making it the city with the fastest-growing house prices in the country. 
Formerly the heart of the Rust Belt, the city has recently reinvented itself as a tech town, welcoming major players like Google, Facebook, Amazon, Uber, Apple, and Microsoft. It’s not by luck. The city’s Carnegie Mellon University boasts one of the country’s most coveted computer science degrees, which turn out some of Silicon Valley’s top tech talent.
Learn more about your ad choices. Visit megaphone.fm/adchoices

When discussing rental properties, it’s common for people to refer to multifamily residences. How many times have you heard someone say something like, “I have 20 units under management,” most of which are probably spread across just a few buildings?
This investment approach is logical from an economic standpoint. Having four units under one roof versus just one, four rents instead of one—you get the point. 
Learn more about your ad choices. Visit megaphone.fm/adchoices