Landlords Bracing for Potential Financial Hit in May

The Daily Journal of Commerce reports that while most landlords in the Portland area saw the bulk of their tenants make rent payments in April, many are bracing for more to skip rent in May. According to HFO’s Greg Frick, the majority of landlords saw between 8% and 15% of renters miss a payment, but in some buildings that percentage was closer to 30%. So far, this does not appear to be concentrated in specific neighborhoods  according to Frick, “it’s all over the map.” At the same time, transactions are largely on hold as banks shift their focus to small business loans. Read more.