A survey of landlords in 10 cities across the United States shows rent collection was down significantly in 2020, and an increasing number of owners have a large share of their portfolio behind on rent.
The survey was conducted by researchers from the Bloomberg Harvard City Leadership Initiative, the Harvard Joint Center for Housing Studies, and the Housing Initiative at the University of Pennsylvania.
Smaller and mid-sized landlords are experiencing more significant financial strain, while larger landlords are exhibiting greater business adaptability, the survey shows.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.