Are you witnessing increasing rent defaults?

by Property118.com News Team

8:44 AM, 27th January 2011
About 10 years ago

Are you witnessing increasing rent defaults?

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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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Comments

10:39 AM, 28th January 2011
About 10 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.

Mark Alexander

10:41 AM, 28th January 2011
About 10 years ago

Hi Katie

Do you self manage?

Regards

Mark


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