Are you witnessing increasing rent defaults?
I’ve read a number of press releases and quoted many of them here in my Blog articles stating that circa 12% of tenants are in arrears. However, my own experience is less than 5% of my rents were late in any month last year and I had no write offs.
OK, tenants pay late sometimes for a variety of reasons but recently (in the last 12 months) I’ve not had a problem getting them back on track PDQ.
Perhaps that’s because demand for rental accommodation is out-stripping supply?
Perhaps it’s due to my tenant selection and management strategy?
Perhaps I’ve just been lucky?
How are you finding things?
Regards
Mark Alexander
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What's rental demand like in your town?
10:39 AM, 28th January 2011, About 15 years ago
No rent arrears in past 5 years at all. Gave reductions when I could and not greedy while rates are low, to date tenants are great. Unfortunately, not all is rosy. Negative equity means I can’t re-mortgage so have to sit it out. Hope my tenants continue to pay. I am worried.
Member Since January 2011 - Comments: 12195 - Articles: 1396
10:41 AM, 28th January 2011, About 15 years ago
Hi Katie
Do you self manage?
Regards
Mark