With each release of the NMHC Rent Payment Tracker data, experts from the five leading property management data companies and industry leaders will provide additional detail on each week’s results, as well as what to pay attention to in the weeks to come.
JUNE 2020 SCHEDULE
All webinars will take place from 11:30AM - 12:00pm EDT
- Tuesday, June 9
- Tuesday, June 16
- Tuesday, June 23
Register below for this week's or another broadcast in the month. Separate registration is required for each broadcast.
|Release Date||Guest Speaker||Recording|
|May 22, 2020||Caroline Vary, Partner and Managing Director of Asset Management, Jonathan Rose Companies||Watch|
|May 15, 2020||Larry Curtis, President & Managing Partner WinnDevelopment||Watch|
|May 8, 2020||Sue Ansel, President & CEO, Gables Residential
Brad Cribbins, President & CEO (Management) Alliance Residential Company
|April 22, 2020||Lili Dunn, President, Bell Partners, Inc
Robert Hart, President & CEO, TruAmericaMultifamily
|April 15, 2020||Ric Campo, Chairman of the Board & CEO, Camden Living
Daryl Carter, Chairman and CEO, Avanath Capital Management
|April 8, 2020||None||Watch|
Data are collected weekly, with the first data collection happening the 1st through the 6th, and all data collections following will be cumulative, for example, the second collection will be the 1st through the 13th, the third will be the 1st through the 20th and so on for the remainder of each month.
When establishing the initial dates for the Rent Payment Tracker, NMHC wanted to track when rent was officially "late" and used the close of business on the 5th as that date. After consultation with property managers and data providers we were informed that a variety of dates are used to determine when rent is considered late, with some saying rent isn't late until as late as the 10th. In addition, those that use the 5th as their deadline reported that many people pay on the last day possible and that some of those payments aren't posted until the 6th. Based on this information, NMHC adjusted its methodology to make the close of business on the 6th the deadline for the first week. Moving this date also moved all other reporting dates by one day.
Partial payments are counted only once monthly, and the payment is captured in the first time period in which it occurs. For example, if an apartment household pays a quarter of their rent during the week of April 1, it would be captured in the first week. Subsequent payments that month would not be captured in the data to avoid double counting.
The percentages are based on the total occupied units, excluding vacant units, purpose-built student housing, privatized military housing, and subsidized affordable units. The number of total occupied units will change for many of the property management software (PMS) providers as new units are leased or units are vacated; as such, the total number of units in the dataset will fluctuate.
|Release Date||Number of Units||NMHC Press Release|
|April 8, 2020||13.4 million||Press Release - April 8|
|April 15, 2020||11.5 million||Press Release - April 15|
|April 22, 2020||11.5 million||Press Release - April 22|
|April 29, 2020||11.5 million||None Issued|
|May 8, 2020||11.4 million||Press Release - May 8|
|May 15, 2020||11.4 million||Press Release - May 15|
|May 22, 2020||11.4 million||Press Release - May 22|
|May 29, 2020||11.4 million||None Issued|
Webinar Slide Sets
- NMHC Rent Payment Tracker April 8, 2020 Webinar Slides | PDF
- NMHC Rent Payment Tracker April 15, 2020 Webinar Slides | PDF
- NMHC Rent Payment Tracker April 22, 2020 Webinar Slides | PDF
- NMHC Rent Payment Tracker May 8, 2020 Webinar Slides | PDF
- NMHC Rent Payment Tracker May 15, 2020 Webinar Slides | PDF
- NMHC Rent Payment Tracker May 22, 2020 Webinar Slides | PDF