Realtors survey finds alarming number of Oahu tenants unable to pay their rent in June

Realtors survey finds alarming number of Oahu tenants unable to pay their rent in June
File photo of homes in Honolulu. (Source: Hawaii News Now/file)

HONOLULU, Hawaii (HawaiiNewsNow) - A new Honolulu Board of Realtors survey paints an alarming picture of the scope of financial pain Oahu renters are feeling.

It found that 4 in 10 Realtors have tenants who couldn’t pay their rent in June.

Nearly half of Realtors, meanwhile, had tenants who asked for a discount or rent reduction.

“While the state’s protections for renters and assistance for homeowners has worked well, we know many people will continue to face financial hardship as a result of the pandemic,” said Suzanne Young, CEO of the Honolulu Board of Realtors, in a news release. “The situation is especially difficult for renters, and we must start finding solutions to ensure people don’t need to worry about having a place to call home.”

The survey of Realtors was conducted June 17 to 22.

It also found:

  • 14% of Realtors who responded said they had rental property owners who asked lenders for forbearance or deferrals;
  • 16% said their tenants had difficulty finding rental assistance programs;
  • And 45% said they didn’t expect their tenants ability to pay to improve in July.

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