Month: July 2024

President Joe Biden has proposed national rent control on apartment units with corporate ownership. His plan would cap rent increases at 5% per year. If owners want to raise rents beyond 5%, they must forgo depreciation expense on their tax return. Yet this proposal doesn’t impact all apartment owners. Only those “corporate” landlords who own…

The recent investment cycle turned apartment investing into a momentum-driven meme stock. Untrained operators promised 20%+ returns with limited downside. They thought the market would go up indefinitely. It was an exciting place to be. And at the time, many thought what was there to lose?