COVID-19: Impact on Payments
Now Available On Demand
As COVID-19 froze the global economy, triggered mass layoffs and left many renters in a compromised financial state, apartment operators moved quickly in an unprecedented effort to provide accommodations for renters.
Payment plans were nearly unheard of in the market-rate sector until a few weeks ago, and now they are widely offered. What are the most common approaches? How many renters are using them? Are these plans helping boost rent collections? What should we expect for May payments?
Join RealPage® Deputy Chief Economist/VP Jay Parsons for the webcast, COVID-19: Impact on Payments, along with leading apartment operators including Sequoia, CAPREIT and Blue Ridge as they discuss:
- Best practices for payment plans that work for both renters and property managers—including the most creative approaches
- The response and volume of renters to payment plan offers
- April rent collection updates and expectations for May (which many apartment executives worry could be more challenging)
- How property managers are encouraging online rent payments, new data on the growth trends, and the implications of processing physical checks
Jay Parsons serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and industry speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management.
Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt.