ASK MIKE MONDAYS - Michael, It is June…how are collections? Are tenants paying later in the month? Any update on what happens when unemployment benefits run out in July?
Michael gives insight on what he is seeing in rental collections and immediate concerns facing multifamily housing like decreasing asking rents and the cut off of unemployment benefits coming at the end of July. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and now a “owner- of commercial real estate.” Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.