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Updated almost 5 years ago on . Most recent reply

User Stats

81
Posts
210
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Calvin Lin
  • Investor
  • Raleigh, NC
210
Votes |
81
Posts

May rent score board - did you do better or worse than Apr?

Calvin Lin
  • Investor
  • Raleigh, NC
Posted

Well it appears that most of us did OK for Apr rent based on the replies from many on this board, but now with May coming around now, let's see how we do as a group.  So far I have 2 out of 8 who paid and those 2 usually paid last day of the month so normal so far.  2 out of my 8 tenants did not pay on-time for Apr due to job loss but was able to make it up by end of Apr due to unemployment checks and stimulus payment so by end of Apr I was at 100% (I waived all late fees like most LL's did).

One 1 hand as more people filed for unemployment I expect worse non-payment #'s for May, but on the other hand elevated unemployment checks should be kicking in now for most folks so curious to see what happens for May.

Most Popular Reply

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,925
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12,326
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Its still April.

Rent is just starting to come in for May. I don't expect any issues.

  • John Underwood
  • Loading replies...