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Apartment Operators Surveyed on Re-Openings, Touring, SBA and PPP Loans and Planning Checklists
Apartment Operators Surveyed on Re-Openings, Touring, SBA and PPP Loans and Planning Checklists
Apartment operators participated in an informal survey May 1 through the weekly Multifamily Leadership Huddle Zoom call moderated by Jamin Harkness from The Management Group in Atlanta. Approximately 150 property management staff were on the call and 27 completed the survey.
When do you plan to re-open your Leasing Office?
3.8% May 1
33.3% Mid-May
48.1% June 1
14.8% Still waiting for more info
When do you plan to re-open your Amenities?
3..7% May 1
18.5% Mid-May
55.6% June 1
22.2% Still waiting for more info
When do you plan to re-open your Corporate Office?
3.3% May 1
29.6% Mid-May
40.7% June 1
25.9% Still waiting for more info
Has your organization received Payroll Protection Plan (PPP) stimulus funds?
14.8% Yes
37% Not yet
48.1% We did not apply
Has your organization received a stimulus SBA loan?
7.4% Yes
25.9% Not yet
66.7% We did not apply
What tour options do you offer now?
96.3% Video
70.4% Virtual
59.3% Standard Leasing Consultant Led Tours
33.3% Self-Guided
3.7% Virtual video led by remote leasing person
3.7% Facetime tours
Will you use self-guided tours once you are fully re-opened?
33% Yes
66.7% Still considering it
Does your company have a phased re-opening plan/checklist
22.2% Yes
11.1% No
66.7% Working on it
Comments 1
The huddle did a similar poll this week (May 8). Here are the results:
Today’s Poll Results (62 respondents):
When do you plan to open the Leasing Offices again:
31% Within 2 weeks
34% Not yet / haven’t decided
35% Offices are partially opened with restrictions
Are you reopening Amenities?
15% Within 2 weeks
63% Not yet / haven’t decided
22% Partially with restrictions
Do you have a Phased Reopening Plan?
60% Yes
3% No
37% Working on it
How are May Rent Collections coming along?
8% Less than April
58% Same as April
24% Better than April
10% Ask me next week