If you’re a property owner, you’re already feeling the crunch as some tenants, hit hard by the pandemic, are struggling to pay the rent on time.
Marcus & Millichap, major players in real estate brokering, recently released a report on the state of rental properties and how landlords can best navigate the choppy waters ahead.
Even though landlords were very anxious about last month’s rental collections, studies reveal little or no change in rental income since March. Of the total amount rent owners expected, the difference between March and April was less than 10%.
And despite worsening economic news, they anticipate that landlords will collect 83% of their potential rent in May.
It seems that the 2-trillion aid package that was passed by Congress is helping renters get these very difficult times.
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Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.