LEHI, Utah — Entrata, a leading technology provider for the property management industry, today announced a new study, which reveals that 59 percent of renters used the full or partial amount of their stimulus check to help pay rent during the lockdown. The survey gives a unique view into the rental market, relations between renters and leasing offices and how the pandemic is shaping renters’ short-term plans.
“COVID-19 has affected people all over the world, and U.S. renters are no exception,” said Chase Harrington, president and chief operating officer. “Our study shows that renters struggled to pay their full rent during the lockdown period, but in many cases, residents and management were able to come together to find a compromise and help ensure people were able to keep a roof over their heads. This pandemic will have lasting effects on the rental market as renters look for flexibility and new ways to pay rent and interact with landlords and managers.”
Continue Reading on Utah Pulse