August Rent Payment Update
As promised in our initial August rent payment analysis, we are providing an update for August rental payments. As of August 20th, 90% of renters have made some or full payment – down 2.1% from the same period last year and 1.3% compared to last month. Although this is the lowest payment rate since April, landlords remain hopeful that congress will pass another support bill that will bolster rental payments through the end of the year. We will continue to monitor this situation closely as it unfolds.