Rentec Direct Releases New Data Revealing the Impact of COVID-19 on Rent Payments
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.
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