First day of the month rent payments

Julia Falcon, HousingWire Rent payments made on June 1 have dipped in some states, while others have shown positive growth, according to a new survey from LeaseLock. Even though renters haven’t had the time to fully recover from the impact of COVID-19, April and May rent payments held…

First-day rent payments in May increased slightly compared to first-day payments in April. More than 15% of renters paid in full on the first in both April and May, according to the report. The trend shows that renters that can afford to pay rent are prioritizing the payment.