While renters’ behaviors and preferences have evolved, so have the ways in which they get paid. The gig economy was already on the rise before the pandemic, but remote work and technology expedited this growing workforce, and many renters have volatile incomes.
Accommodating Renters in an Ever-Evolving Economy
The nature of volatile income is that no two renters have the same payment schedule or cash flow. When that reality is juxtaposed with the traditional first-of-the-month rent due date, it causes financial challenges for many residents – not because they can’t pay rent, but because their cash flow is so variable.
The Truth About Renter Income Volatility
Technology has transformed many facets of our world, and the labor market has not eluded these advancements. We’ve seen the rise of a new era of employment – the gig economy – which is characterized by independent contracts, short-term and freelance work.
Circa Hires Matt Cox as Chief Revenue Officer
Circa, an innovative payment technology company, today announced it has hired Matt Cox as Chief Revenue Officer. Cox, a rental housing industry sales veteran, has an extensive track record of leadership experience and growth-oriented results.