What Does Coronavirus Mean for April Rent? Landlords Share Their Stories

What Does Coronavirus Mean for April Rent? Landlords Share Their Stories


At New Western, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.

We’ve collected the most relevant and informative news stories, data and resources for real estate investors and put them all in one place. We hope the information you find here provides a bit more clarity and confidence in the midst of a chaotic world. 

Landlords Talk April Rents, Did They Come In or Not?

Over on the BiggerPockets forum, landlords expressed that they are pleasantly surprised to see rent payments relatively unaffected by the COVID-19 outbreak. Even those tenants who were laid off or furloughed seem to be working with landlords to stay in good standing.

One investor from Lowell, MA added that he’s “spoken to a lot of Property Managers about this and it seems like most tenants are coming through with rent payments which is encouraging to see.” 

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Small Business Owner’s Guide To The CARES Act

The Hustle has pulled together everything small business owners need to know about how the new coronavirus relief bill applies to small businesses. Get the details on the Paycheck Protection Program and Economic Injury Disaster Loan, complete with answers to common questions and links to all the resources you’ll need to apply.

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Which Counties Are Most Vulnerable To Coronavirus’ Impact On Housing?

ATTOM Data Solutions released a Special Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact of the Coronavirus pandemic. The report shows that the Northeast has the largest concentration of the most at-risk counties, with clusters in New Jersey and Florida, while the West and Midwest have the smallest. 

There’s potentially some good news for New Western investors active in Texas and Colorado. Texas has 10 of the 50 least vulnerable counties, followed by Wisconsin with seven and Colorado with five. The 10 counties in Texas include three in the Dallas-Fort Worth metro area (Dallas, Collin and Tarrant counties).

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unemployment rates and home sales

What Does Rising Unemployment Mean For Home Sales?

The question on everyone’s mind is how the skyrocketing unemployment rate will affect the housing market. Keeping Current Matters looked at research reviewing the last 30 years of housing data and says a direct correlation between unemployment rate and home sales isn’t as strong as one might think. In fact, in several instances, home sales actually increased even as unemployment was on the rise.

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Disclaimer: The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.