How is the rental market where you are? Are you seeing any changes from landlords like reducing fees or being more flexible?

In northern New Jersey, the market for buyers is booming, especially with clients coming from New York. That being said, I have not dealt much with the rental market. I did notice a slight reduction in the number of available apartments and overall lower rent prices. With our proximity to Manhattan, we will always be a less expensive alternative to living in the city. 

Rents are staying high, inventory is low. 

The rental market is doing really well in the area we focus on, we've actually seen an increase in rents. I associate this with the "supply and demand" if you will from people moving here from larger metropolitan areas. Many of our landlords have been incredibly flexible with tenants who have had financial struggles due to the pandemic. It's a great time to invest! 

I have not seen any changes from my landlords. so far everything is the same.

We are finding an unusual number of new clients looking for management services this month.

So far, we have reduced market rents on about half of our available rentals, but inquiries continue to be strong.  Maybe a dozen showing requests/day for each available listing.  

We didn't see a drop in rental collection from our residential division, it is our commercial properties  that the businesses wanted "free rent" periods. The world really is in this together, but, I'm not seeing other avenues of business aside from Landlords asked to make the sacrifices. (i.e. plumbers, electricians, grocers still collecting full prices). Just an observation.

The rentals are all full. No change in Landlords. People have been paying. There are plenty of jobs that need to be filled.  Everyone is hiring. There are really no more excuses why they cannot pay.

As for me, I put my rentals on Section 8. So that I could help a tenant in need of housing, plus still get the full amount of money I was asking for rent

In Billings, Montana we have had many people move into our area from larger metropolitan areas. We have had historically low vacancy rates and rents have increased with higher demand and the inflation increases which have raised building and repair costs, higher mortgage costs, and insurance costs. There is no area that is sheltered from the effects of inflation right now.

I think most owners of property can not afford to reduce in California. Taxes and cost for home owners keeps going up. Even if its a rental.