What percent of rent did you collect by May 5th?

[Nathan Gesner]

How are you doing with rent collections this month? Many Landlords are concerned May will be worse than April, but I'm still doing well.

I have 350 active leases. As of May 1st, I had almost 60% of rent collected in full. Today is May 5th and I'm at 90%. I was at 99% by April 10th and I'm expecting the same this month.

As a side note, I have five renters that paid 2-3 months in advance using their stimulus / unemployment funds. Nice!