Most Americans Still Paying Their Rent – Winston Rowe and Associates
The latest numbers reflect a payment rate of 93 percent compared to the same time last month. These data encompass a wide variety of market-rate rental properties, which can vary by size, type and average rental price.
By: Winston Rowe and Associates
The latest tracker numbers reflect a payment rate of 93 percent compared to the same time last month. These data encompass a wide variety of market-rate rental properties, which can vary by size, type and average rental price.
Unfortunately, unemployment levels are continuing to rise and delays have been reported in getting assistance to residents, which could affect May's rent levels. Hopefully residents begin receiving the direct payments and the enhanced unemployment benefits the federal government passed, we will continue to see improvements in rent payments.
More expensive Class A properties, whose resident base may be more able to work from home, are reporting much higher percentage of rent payments than operators of more affordable workforce properties whose residents are more likely to have had their incomes disrupted because of the pandemic.
NMHS found that 84 percent of apartment households made a full or partial rent payment by April 12 in its second survey of 11.5 million units of professionally managed apartment units across the country, up 15 percentage points from April 5.
This article was prepared by Winston Rowe and Associates, they are a national consulting firm. Their website is https://www.winstonrowe.com
Senior Staff Writer