Currently Reading

Rental Communities Prepare for a Safe Reopening

Advertisement

Rental Communities Prepare for a Safe Reopening


June 5, 2020
Condo pool reopening
By black_jik

On top of worrying if residents will be able to pay rent, owners and operators of rental communities are now busy creating safety guidelines for reopening amenities and services. Though virtual showings and digital tools will continue to be important in the post-pandemic real estate industry, rental communities have the added burden of scheduling daily cleaning for the shared areas of their buildings, staggering shifts, enforcing maximum occupancies for rooms, and cooking up other new protocol meant to keep resident and employees safe, according to Forbes. Find out what other ways rental communities are adapting as they reopen. 

As apartment communities begin to ease some coronavirus restrictions, rental housing providers are laying the groundwork for a new normal that will be anything but ordinary. 

Apartment firms are concerned about the economy and the impact that the pandemic will have on operations, according to Amy Groff, senior vice president of operations for the National Apartment Association (NAA). Owners and operators rely on rental income to pay employee payroll, mortgages, taxes and insurance.

Residents’ ability to pay their rent is being closely monitored to maintain continuity of essential services. More than 40 million Americans have filed for unemployment benefits since COVID-19 forced the economy to shut down in March. An additional $600 a week in unemployment benefits is set to expire at the end of July if Congress does not pass another stimulus bill to extend benefits.

Read More
 

Related Stories

Market Data + Trends

More Buyers than Average are Purchasing Suburban Properties

The shift from urban centers to less dense areas continued on through October, according to the National Association of Realtors (NAR). For those…

Market Data + Trends

Is Urban Flight to the Burbs Golden?

The future of urban and suburban housing post-COVID-19

Construction

Local Data Lists Jobsites as Top Spot for COVID-19 Outbreaks

Construction jobsites have appeared to be much safer against COVID-19, but a multitude of reports and data are saying otherwise. Construction Dive…

Advertisement

More in Category




Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.