After months of suffering because of the Coronavirus pandemic, the multifamily sector is finally getting not just one good report but, instead, a healthy batch of good news. Several indicators are pointing to a change in landlords' near-term fortunes while, for both the medium and long-term, the beginnings of a recovery are expected to emerge.
The number of rent payments received this month increased from October collections, albeit only by 1%, according to a new report from
Rentec Direct. That's a shift from the overall trend, in which the number of rent payments collected by landlords and property managers nationwide has consistently declined since COVID-19 first appeared in the nation.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
