flexiblefullpage - default
Currently Reading

Rental Communities Prepare for a Safe Reopening

Advertisement
billboard - default

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
 

Advertisement
leaderboard2 - default

Related Stories

Remodeling

Aging in Place: My Aunt Nancy’s New ADU

An apartment addition for an accessory dwelling unit to allow a family member to age in place presents several challenges and lessons learned for both the homeowners and contractor alike

Housing Markets

Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'

Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000

Housing Giants

What Now for Residential Construction? The Housing Industry Post-Pandemic

The COVID-19 pandemic is essentially over, but the disruption to the housing industry that lies in its wake will be felt for years to come

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

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.