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!

[Nathan Gesner]

Originally posted by @Erik W.:

95% of May's rent in to date.  Looking like another solid month.  June will be interesting because unless the Fed's decide to throw more stimulus money at people that first check will be gone by then in most cases. 

I think we'll be back to normal in June. School is done, stores and restaurants will open back up, people will start to travel, sun will kill off the virus and reduce the number of infections, and people will be tired of all the nonsense.