Updated over 5 years ago on . Most recent reply
Nathan GesnerPoster
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What percent of rent did you collect by May 5th?
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
The DIY Landlord Book
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@Nathan Gesner well I only have about 5% of your tenant base, Nathan.........but I am happy to report 100% paid! It will get scarier every month until it finally gets better.