Rent strike? Most Oregonians still paying the landlord
Nearly one-third of American renters didn't pay April rent.
That percentage, put out by the National Multifamily Housing Council, an apartment industry trade group, comes with a few big caveats. In early March, before the pandemic devastated the nation's economy, a fifth of tenants hadn't paid their rent. The analysis looks at apartment units that use property management software, so homes owned by mom-and-pop landlords likely aren't captured. And the analysis only includes rent payments made in the first five days of the month. Lots of landlords gave tenants leeway this month to make payments after the standard April 5 due date.
Still, that one-third fraction, derived from looking at more than 13 million units nationwide, gave a preliminary answer to the question many in the rental industry have been asking: With the unemployment rate soaring, how many people are able to pay their rent?
In Oregon, experts are asking the same question. Multifamily NW, which represents landlords and property managers in the region, has sent out a survey to its members, who, combined, manage some 200,000 units. The group expects results early next week. The Portland Housing Bureau also expects to have numbers by then.
In the meantime, the national data hold a partial answer: Property management software company Entrata, one of the five companies to contribute data, saw 83% of Oregon households make a rent payment in the first week of April. RealPage, another major contributing software company, saw 82% of Oregon units pay rent.
Click here to read the rest of the story by OPB, a news partner of the Pamplin Media Group.
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