{"id":12668,"date":"2020-04-09T11:28:20","date_gmt":"2020-04-09T15:28:20","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=12668"},"modified":"2020-04-09T11:29:37","modified_gmt":"2020-04-09T15:29:37","slug":"should-you-pay-rent-during-the-covid-19-eviction-moratorium","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/","title":{"rendered":"Should You Pay Rent During The Covid-19 Eviction Moratorium?"},"content":{"rendered":"\r\n<p>If you decided not to pay rent in April 2020, you are in good company. About <a href=\"https:\/\/www.nmhc.org\/research-insight\/nmhc-rent-payment-tracker\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"31% of renters did not pay on time (opens in a new tab)\">31% of renters did not pay on time<\/a>, according to the National Multifamily Housing Council. Clearly this is a time of financial hardship for many, and governors everywhere have announced a halting of foreclosures and evictions.<\/p>\r\n\r\n<p>\u00a0<br \/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10201\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2020\/04\/image-4.png\" alt=\"\" width=\"551\" height=\"350\" \/><br \/>\u00a0<\/p>\r\n\r\n<p><strong>Ignore The Headlines &#8211; Bad But Not So Bad<\/strong><\/p>\r\n\r\n\r\n\r\n<p>So far, all of the headlines have said 1\/3 of America is not paying their rent. That sounds horrible, but that&#8217;s the problem with sensational headlines. Everyone reads it and assumes we dropped instantly from 100% of people paying rent to every third household becoming deadbeats. It&#8217;s not true.<\/p>\r\n\r\n\r\n\r\n<p>Just the month prior, for rent due March 1st, prior to almost all of the USA Covid-19 spread, only 81% of households paid their rent on time according to the same data source, the NMHC. And that was the month following all-time highs for the economy on many fronts (record low unemployment with record high stock markets).<\/p>\r\n\r\n\r\n\r\n<p>It also helps to look at one year prior, where 82% of households paid rent on time. So 81% to 69% is the number. Yes, it&#8217;s a big blow to landlords. An increase from the usual 19% delinquent renters to 31%. More than a 50% increase in late or unpaid rent. But it&#8217;s not the mass wave of deadbeats suggested, where an apartment complex has 300 paying tenants and suddenly 100 of them stop.<\/p>\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n<p><strong>Any Data Bias?<\/strong><\/p>\r\n\r\n\r\n\r\n<p>We are always mindful of any strange bias sources in the data. The 69% number comes from rent-collection and property management software such as Yardi \/ Appfolio. Who uses these? Mostly large, multi-family property managers who own big apartments complexes. There is a large number of tenant and landlord relationships that use more old-fashioned methods: the monthly check, or monthly cash payment.<\/p>\r\n\r\n\r\n\r\n<p>Whether or not smaller landlords will see better payment patterns in unclear, but I would lean towards slightly better than the 69%. The relationship is more personal than a big, faceless company, and unfortunately collections is probably more stringent, with tenant rights not always respected.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>If you decided not to pay rent in April 2020, you are in good company. About 31% of renters did not pay on time, according to the National Multifamily Housing Council. Clearly this is a time of financial hardship for many, and governors everywhere have announced a halting of foreclosures and evictions. \u00a0\u00a0 Ignore The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":12674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[394],"tags":[97,137],"class_list":{"0":"post-12668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-quarantine","8":"tag-landlords","9":"tag-rental-market"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should You Pay Rent During The Covid-19 Eviction Moratorium? - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should You Pay Rent During The Covid-19 Eviction Moratorium?\" \/>\n<meta property=\"og:description\" content=\"If you decided not to pay rent in April 2020, you are in good company. About 31% of renters did not pay on time, according to the National Multifamily Housing Council. Clearly this is a time of financial hardship for many, and governors everywhere have announced a halting of foreclosures and evictions. \u00a0\u00a0 Ignore The [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-09T15:28:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-09T15:29:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2020\/04\/evictionpayingrent.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lee Lin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Lin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\"},\"author\":{\"name\":\"Lee Lin\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\"},\"headline\":\"Should You Pay Rent During The Covid-19 Eviction Moratorium?\",\"datePublished\":\"2020-04-09T15:28:20+00:00\",\"dateModified\":\"2020-04-09T15:29:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\"},\"wordCount\":345,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2020\/04\/evictionpayingrent.png\",\"keywords\":[\"landlords\",\"rental market\"],\"articleSection\":[\"Quarantine\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\",\"name\":\"Should You Pay Rent During The Covid-19 Eviction Moratorium? 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