Rent Is Due Again and Missing Payments Have Landlords Worrying
- April wasn’t as bad as expected but next month could be worse
- Industry is concerned virus fallout means checks won’t come
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Mounting economic fallout from the pandemic is fueling apartment landlords’ concerns that more tenants will struggle to make their rent payments, even after most managed to come up with the money for April.
“May 1 will be a bigger watershed,” said John Pawlowski, a senior analyst at real estate research firm Green Street Advisors. “Think about when the job losses started accelerating.”