5 at 5: Your Daily Digest for Real Estate Investing, 4/14/21

Marc Rapport, The Motley Fool
·3-min read

COVID-19 relief moving slowly, multifamily market not near normalcy, local governments target Airbnb over taxes, the Manhattan market, and learning to love a W.P. Carey downgrade. The Wall Street Journal reports [subscription required] that overwhelmed state and local authorities are grappling with how to allocate $25 billion in federal rental relief, leaving many tenants and landlords waiting weeks or months for their share. The Millionacres takeaway: This reality is unsettling to the millions of renters and landlords alike who were hoping for some quick relief as they struggle to make ends meet in these early days of what we hope is recovery from the coronavirus plague.