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It’s a lot easier to get people to pay rent if you don’t demand it all at once

29 Jul 2020

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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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

Covid-19 – Johns Hopkins University

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