202015 Sep
Rentec Direct Releases New Data Revealing the Impact of COVID-19 on Rent Payments
Type
General News
Companies
Source
Prweb
Summary

The September rental trends report follows similar data released by Rentec Direct in April, May, June, July and August. “Many renters are struggling with cost-of-living expenses as income loss and unemployment continue to affect millions of Americans,” said Nathan Miller, President of Rentec Direct. “Rentec Direct’s data has shown a consistent downward trend in the number of rent payments received nationwide, and the month of September saw the biggest drop so far. Because many stay-at-home orders were initiated in mid to late March, the impact of COVID-19 on certain renter behaviors could be determined during this time frame. Rentec Direct also looks at data from January and February of 2020 as a baseline for rental payment behavior prior to the COVID-19 pandemic.

Classifications
  • Property Management (Real Estate)
  • Property Management (Hotels)
  • Real Estate
  • Hospitality
  • Accounting and Taxes