A new study from the American Bar Foundation, “The Impact of COVID-19 on Small Rental Property Management: Insights from a Chicago Case Study,” examines small-scale landlords’ business practices and how their approaches to property management changed during the pandemic. Through in-depth interviews, the study assessed whether COVID-19 potentially threatened the sustainability of small rental properties (SRP), which make up a large share of the country’s naturally occurring affordable housing. The researchers found that while most landlords continued using accommodating approaches to property management during the pandemic, nearly one-fifth of those interviewed indicated they would adopt fewer flexible approaches as a result of financial hardship during the COVID-19 pandemic. These approaches included raising rent, instituting fees, and adopting more formal tenant-screening criteria.
Chicago Case Study Examines How Small-Scale Landlords Responded to COVID-19
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing