April saw more than double the usual late rent payments in Colorado
As coronavirus strangles the economy, people are struggling to pay for housing, according to Denverite.
As coronavirus-shuttered businesses laid off employees, a survey of large residential property management companies across Colorado showed that 16.4 percent of tenants were late with the April rent.
The Colorado Apartment Association said that was significantly higher than the 7.8 percent reported for both January and February, when the survey was conducted on the sixth day after first-of-the-month rents were due.
The 44 companies surveyed managed an average of 1,800 units each. Some 80,000 units were included in the survey.
The association was not able to provide a breakdown for Denver or metro Denver.
Nationally, the online real estate company Apartment List surveyed more than 4,000 people between April 3 and April 5 and found 13 percent of renters paid only part of their April rent and another 12 percent paid nothing. Among homeowners with a mortgage, 11 percent told Apartment List that they made only a partial mortgage payment for April, and 12 percent did not pay their mortgage bill.
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