Rentals during COVID-19 Pandemic

[Anthony P.]

For those of you with current vacancies in your rental properties — Are you getting them rented during the Coronavirus pandemic? I understand that location will influence this. If you are currently trying to rent out vacant units, what are you doing differently? Any success stories or perspective on this subject is greatly appreciated.

[Cory S.]

Birmingham, Alabama is renting like crazy.

My PM communicated to me that SFH leasing activity is way up and they are currently over 98% occupancy on all the properties they manage, which is in the hundreds.

They have never seen that high of a percentage of people in homes.

However vacancies are high in multi families properties. Looks like more people prefer the SFH than the multi family property during the pandemic.