May rent collections running ahead of last month’s rate

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Yield PRO (May 17, 2020) -- The NMHC rent tracker project has released its second reading on rent collections in the month of May. A total of 87.7 percent of residents had made a payment by May 13, 2020. This compares to 89.8 percent of residents who had made a payment by the same point in May 2019 and 85.0 percent who had made a payment by the same point last month.

Reviewing the results

As in past reports, the data was collected from 11.5 million units managed using software from five major property management software providers. These companies are EntrataMRIRealPageResMan and Yardi Systems. Representatives of these companies attended the webcast accompanying the release of the data. Providing the apartment operator’s perspective for this week’s webcast was Larry Curtis, president and managing partner at Winn Development

Read more at: Yield PRO

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