Landlords Report a 75% Rise in Evictions Since the Start of COVID-19 via Multifamily Executive Magazine

More than half of residential tenants are currently struggling to pay their rent, largely as a result of the COVID-19 pandemic, according to a new survey of property managers released by real estate technology company Snappt. One-quarter of these residents are paying late, while 17% pay less than full rent and 11% have stopped paying altogether.

Respondents to the 2020 Effects of the COVID-19 Pandemic on Residential Rentals Survey reported that evictions have risen by 75% since the start of the COVID-19 pandemic, with a current eviction rate of 21%.

Read more...Landlords Report a 75% Rise in Evictions Since the Start of COVID-19 via Multifamily Executive Magazine