It’s time for landlords to rethink rent. Sometimes it’s easier to pay in small installments than one big check: Offering tenants flexibility increased the chances of getting paid in-full during the pandemic by 45%.
Times are tough for everyone right now, but especially difficult for those who struggle to pay for housing. In April, on-time rent payments slipped for landlords on a colossal scale, with only 69% of tenants being able to make their payments on time nationwide. This compares to 82% of tenants making payments on time in the same period of 2019.
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