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Coronavirus forces California landlords to double rent discounts
https://www.siliconvalley.com/2020/09/02/coronavirus-forces-california-landlords-to-double-rent-discounts/
While many California tenants struggle to make monthly payments, the economic distress has forced landlords to double their incentives for new customers, according to one study.
Apartment seekers will be happy to know that 30.4% of the rental listings on Zillow’s online apartment-hunting service advertised some form of concession in July vs. 16.2% in February, before the coronavirus became an economic wrecking ball. Zillow said these incentives range from free months rent or parking to gift cards to no deposit.