Here’s an overview of how the coronavirus has impacted the property management business.
Just like the rest of the real estate world, the coronavirus has had a considerable impact on property management. Today I’ll give you a quick rundown of what landlords, investors, and tenants need to know. All things being equal, I think we’re holding up relatively well.
Rents have only decreased by 5%—we were expecting a much higher number. Also, the federal government has temporarily suspended evictions and waived late fees for tenants. To get the full scoop on how the coronavirus has affected the property management side of real estate, watch the video above.