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Updated almost 8 years ago on . Most recent reply

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23
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7
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Ruei-Jiun H.
  • Rental Property Investor
  • Brookline, MA
7
Votes |
23
Posts

Is late rent payment in Indy normal?

Ruei-Jiun H.
  • Rental Property Investor
  • Brookline, MA
Posted

Hi all,

My tenants in Indy start to pay rent late after 3 months moving in. The house is in a decent area, rent for $1100. My property manger told me among the houses she manages, there is about 25% late rent payment. I am wondering if this is normal in the Indy market or the issue with this particular property manager. Please help! Thank you!

Most Popular Reply

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10,502
Posts
5,099
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
5,099
Votes |
10,502
Posts
Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

I don't think it's normal in any market. You might want to tighten your application criteria a bit going forward.

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