Series: COVID-19

COVID-19: Impact on April Rent Payments, Leasing Traffic and More

Greg Willett and Jay Parsons share the latest data on April payments and other key factors – including traffic, maintenance requests, occupancy, rental rates and more. Topics include:

  • What percent of apartment households paid rent on time in April’s Rent Week, and what are the expectations for May?
  • How much has leasing traffic dropped off, and how are property managers responding?
  • How much did RealPage economists downgrade 2020 rent and occupancy forecasts, and which markets are most/least impacted?

Greg Willett

Chief Economist, RealPage, Inc.

Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.

Jay Parsons

Deputy Chief Economist and Vice President of Asset Optimization, RealPage, Inc.

Jay Parsons is RealPage’s Deputy Chief Economist and Vice President of Asset Optimization. Jay has been in the multifamily housing industry for more than a decade, and works across market research and forecasting, revenue management, business intelligence, as well as multi-dimensional optimization across pricing, marketing, leasing and risk management. He has provided commentary on CNBC and in the Wall Street Journal. His writings and research have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, GlobeSt and Multifamily Executive. Jay is also a frequent speaker at events and conference, including the National Multifamily Housing Council, NAIOP, NAA and ULI.

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COVID-19: Impact on April Rent Payments, Leasing Traffic and More

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