{"id":17327,"date":"2020-05-14T12:12:54","date_gmt":"2020-05-14T12:12:54","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17327"},"modified":"2020-05-14T12:12:54","modified_gmt":"2020-05-14T12:12:54","slug":"80-of-tenants-paid-rent-in-april","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/80-of-tenants-paid-rent-in-april\/","title":{"rendered":"80% of Tenants Paid Rent in April"},"content":{"rendered":"

80% of Tenants Paid Rent in April<\/h1>\n

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Despite the pandemic, the majority of tenants are still keeping up with their rent payments. The majority of renter households\u201480.2%\u2014made a full or partial rental payment for the month of April by May 6, according to the National Multifamily Housing Council. The analysis, which tracked 11.4 million units professionally managed nationwide, reports that the figure is up slightly from 78% of renters who made a payment by April 6.<\/p>\n

\u201cDespite the fact that over 20 million people lost their jobs in April, for the second month in a row, we are seeing evidence that apartment renters who pay rent are stepping up and doing so,\u201d says Doug Bibby, NMHC president. \u201cWe expect May to largely mirror April, when the payment rate increased throughout the month as financial assistance worked its way to people\u2019s bank accounts.\u201d<\/p>\n

Meanwhile, the industry is starting to see the potential for greater opportunity in rental housing, including single-family rental homes. JPMorgan Chase & Co.\u2019s asset management arm more than doubled its size of a joint venture with American Homes 4 Rent, a landlord giant in the single-family rental space. JPMorgan\u2019s Strategic Property Fund partnered with American Homes 4 Rent earlier this year. They increased their joint venture from $250 million to now $625 million. They believe the demand for rental houses will increase due to the pandemic, and they\u2019re providing additional funds for the construction and operation of properties.<\/p>\n

American Homes 4 Rent reported that through May 5 it had collected 95% of rent payments from its tenants for April and 82% of its payments for May.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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National Multifamily Housing Council<\/a> and \u201cJPMorgan Fund Doubles Down on Rental Houses With Economy Shut<\/a>,\u201d Bloomberg (May 8, 2020) [Log-in required.]<\/div>\n
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Credit:<\/div>\n
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National Association of REALTORS\u00ae<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

80% of Tenants Paid Rent in April   Despite the pandemic, the majority of tenants are still keeping up with their rent payments. The majority of renter households\u201480.2%\u2014made a full or partial rental payment for the month of April by May 6, according to the National Multifamily Housing Council. The analysis, which tracked 11.4 million … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-17327","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\n80% of Tenants Paid Rent in April - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/80-of-tenants-paid-rent-in-april\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/80-of-tenants-paid-rent-in-april\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/80-of-tenants-paid-rent-in-april\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"80% of Tenants Paid Rent in April\",\"datePublished\":\"2020-05-14T12:12:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/80-of-tenants-paid-rent-in-april\\\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/80-of-tenants-paid-rent-in-april\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/80-of-tenants-paid-rent-in-april\\\/\",\"name\":\"80% of Tenants Paid Rent in April - 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