Rentals: May Rent Collection Better than April

A national rent tracker for apartments shows that May rent collection is better than April. That's not what many people expected given the massive number of job losses and efforts by a small number of activists encouraging a rent strike. Property teams within our own network are also reporting good results for single-family rentals. The National Multifamily Housing Council says that by May 6th, 80.2% of tenants had made a full or partial payment on their rent. Last month, only 78% of tenants had done so. The survey included 11.4 million apartment households and was done the first week of May. www.NewsForInvestors.com