Quote from @James Wise:I need to dig up a podcast that I listened to about 2 months ago with Tom Ferry, and the person was giving all the states, You are pretty close to that number on 5 days or more.. 95% range, the industry is very off kilter these days with the low activity of 2023 and 2024 that most people licensed just retired, gave up, or thought they were going to do something and never could get a sale due to bad leadership.

Overall, NC listings increased by 9.1% from Jan 24 to Jan 25; however, sales remain flat. 

So, unless all lease singers file for bankruptcy, they can’t stay for three to five months without paying rent, right?

Introducing myself here; I am a former biotech scientist turned to real estate professional.

And we're talking sales MONTHS old.

The default rate is only 1% per month which is 12% annual.I assume there are more pages to that agreement

I had moved some properties into the LLC but then had to move them back into my name to refinance and left them there, getting good insurance and umbrella.I shifted to using my LLC as a management company.

It needed some work but it was fully rented and put a few hundred dollars in my pocket after expenses every month.

I then bought the house in Anchorage when she wanted to move back to Hawaii.

What I am getting at is, that tenants are often late, and you will have to become accustomed to working with tenants.