It’s a lot easier to get people to pay rent if you don’t demand it all at once

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It’s time for landlords to rethink rent. Sometimes it’s easier to pay in small installments than one big check: Offering tenants flexibility increased the chances of getting paid in-full during the pandemic by 45%. Times are tough for everyone right now, but especially difficult for those who struggle to pay for housing. In April, on-time rent payments slipped for landlords on a colossal scale, with only 69% of tenants being able to make their payments on time nationwide . This compares to 82% of tenants making payments on time in the same period of 2019. Read Full Story

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Can this flexible rent payment app help renters avoid evictions?

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Paying rent on a less strict schedule can be a lifesaver for some people. Till helps give people a solution that’s not just a one-time monthly payment. Even before the pandemic, many Americans struggled to afford rent, collectively paying landlords billions in late fees each year. On average, 3.6 million eviction cases are filed each year, and 1.5 million Americans end up being evicted. Read Full Story

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Americans laid off due to COVID-19 want to know what how landlords expect them to pay. We asked some

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Renters whose jobs have disappeared because of the pandemic simply have no way to make more income. Landlords say their bills are coming due, too, and it will be worse if their properties are bought up by hedge funds. We need a holistic solution. With many workplaces still closed, hundreds of thousands of jobs already lost, and the $600 unemployment benefit over (for now), tens of millions of renters across the country are trying to do the impossible math of paying rent despite their income disappearing into the pandemic. Americans barely had savings before COVID-19 hit. For someone who lost their job because of the COVID-19 crisis and now has to pay $1,200 in rent when they’re getting less than $300 a week on unemployment, what does their landlord honestly expect them to do, especially when its a problem hitting so many millions of tenants, at the same time, through …

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It’s time to cancel rent

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A national group of local politicians are calling on state governors to do more to protect renters than simply ban evictions, and recognize that people whose jobs have disappeared will never be able to afford back rent. As millions of newly laid-off Americans try to figure out how to pay rent for the month, with no clear sign of when they may be able to work again, city council members and advocates across the country are calling for a radical step: canceling rent payments. Read Full Story

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Ithaca, New York, is the first U.S. city to say it will cancel rent during the pandemic

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Postponing rent is one thing, but how are people with no jobs supposed to pay later? This city wants to eliminate the debt of renters. In Ithaca, New York, where nearly three-quarters of residents are renters, and COVID-19 has forced many out of work, a new resolution gives the mayor the power to cancel rent debt from the last three months, both for tenants and small businesses. The resolution—which also freezes rents and requires landlords to offer tenants lease extensions—requires approval from the state government, but housing activists believe that will happen. The city is the first in the country to act on nationwide calls to cancel rent because of the pandemic. Read Full Story

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Rent is almost due again: Here’s how well your state is protecting renters from eviction

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This scorecard explains what measures your state is doing to keep you in your house if you lost your job due to the pandemic. With millions of Americans out of work and unable to pay rent because of the coronavirus pandemic, activists and legislators have been pushing for protections like eviction moratoriums and leniency regarding late fees. With no policies coming from the federal government, though, it’s been up to individual states to make sure their residents have stable housing, at a time when access to safe housing is directly linked to public health—and not every state is taking the same steps. Read Full Story

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This chatbot helps New Yorkers report housing discrimination

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The service will both help people report landlords who are violating the law about renting to people using housing vouchers, and also try to measure the scope of the problem. For the tens of thousands of New Yorkers who receive rental assistance vouchers, government help paying rent isn’t always enough of a guarantee they’ll find housing. Those who rely on vouchers such as Section 8 or CityFHEPS can face roadblocks when brokers and landlords turn them down, saying they don’t accept such vouchers or saying that a unit is no longer available when it actually is—actions that are illegal under city and state laws and examples of source-of-income discrimination . Read Full Story

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People with lower credit scores and limited savings are spending their stimulus checks differently

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Groceries, rent, and paying down credit card debt were among the top things people said they were spending their money on in an ongoing survey. As Americans wait for Congress to approve a new round of direct payments for coronavirus relief, researchers continue to study how consumers are benefiting from the stimulus checks they’ve already received. Read Full Story

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Should You Add Buy Now, Pay Later Options to Your E-commerce Site?

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There have never been as many ways to pay online as there are today. Nor has it ever been more important to make sure you offer your consumers their preferred option. For some, that might be a long-trusted Visa or Mastercard. Others may prefer Apple Pay, PayPal, or another digital wallet. And, increasingly, consumers are choosing to use buy now, pay later solutions when they checkout. But what is this payment solution? And is it time you added buy now, pay later to your website? Read on to get my views on the topic. What is Buy now, Pay Later? The name says it all. “Buy now, pay later” literally lets consumers buy a product and have it delivered while delaying payment until a later date. This option is very similar to the old-school layaway method, in which stores let consumers reserve an item while paying it off in installments. …

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