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Entrata Releases Reports Tracking Apartment Industry Data Through COVID-19 OutbreakLEHI, Utah, April 9, 2020 /PRNewswire/ -- Entrata, a leading technology provider for the property management industry, today announced the release of comprehensive data reports analyzing industry trends the company has identified through the COVID-19 outbreak. The findings, specific to Entrata's conventional and student housing clients, include information associated with payments, fees, repayment agreements, leasing and operations. Entrata will update the data, housed at the company's COVID-19 resource center, on a bi-weekly basis as the virus's economic and operational impact on the property management industry continues to evolve. "We're seeing some encouraging trends with the early data," said Chase Harrington, president and chief operating officer at Entrata. "Despite the extreme impact COVID-19 is having on society, the numbers show that most residents were able to make their rent payments for the month of April. Much of this success can be attributed to the initiatives our clients are taking to improve the rent week experience for their residents during these challenging times." Initial key findings of the report, assembled using data available through the first week of April, include:
To see the full conventional properties report, click here. To see the full student housing report, click here. Be aware that factors such as days of the week, property policies and office closures, local shelter-in-place regulations and other circumstances may affect how this data is processed, recorded and interpreted. ABOUT ENTRATA Founded in 2003, Entrata® is the only comprehensive property management software provider with a single-login, open-access Platform as a Service (PaaS) system. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management, Entrata® PaaS currently serves more than 20,000 apartment communities nationwide. Entrata's open API and superior selection of third-party integrations offer management companies the freedom to choose the technology and software that best fit their needs. For more information, go to www.entrata.com.
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