How are September rents coming in

General Landlording & Rental Properties
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How are September rents coming in

Eric Bilderback
Real Estate Agent · Sisters, OR · Member since 2014 · 1k+ posts · 1k+ votes

I received an email from a local apartment broker saying in our State rent collection is down about 5%.  For myself this has not been the case I am at 100% which I have been through out the COVID situation.  I still have my fingers crossed and am still waiting for the sky to fall.  Would be interested to see if anyone is starting to see a crack forming in their collections.

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Rene Owczarski
Rental Property Investor · Des Moines, IA · Member since 2020 · 232 posts · 116 votes
6y

@Josephine Wilson I think another saving grace for me, was that all my tenants were considered "essential workers". So no one got laid off during the lock downs.

And the whole "essential workers" label, is seriously making me rethink how I screen tenants in the future.

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  • Wesley W.
    Rental Property Investor · The Vampire State · Member since 2013 · 2k+ posts · 2k+ votes
    6y

    I have one tenant whom is not paying.  She has not suffered any economic loss or lack of work; she is not paying because our Governor has emboldened her and she is mad at me for trying to enforce our lease.

    I LOVE NEW YORK!

    (said no landlord, ever, in 2020)

    9Reply
  • Carlos Gonzalez
    Investor · Phoenix, AZ · Member since 2015 · 346 posts · 170 votes
    6y

    @Eric Bilderback

    I’m raising rents in the middle of the pandemic and renters are paying just fine.

    1Reply
  • Clint ShelleyPro Member
    Surveyor · Dothan, AL · Member since 2014 · 425 posts · 391 votes
    6y

    @Wesley W.

    Now would be a good time to hire Ralph's night time roofing and remodeling.

    Clint

    3Reply
  • Michael Robbins
    Property Manager · Henderson, NV · Member since 2018 · 501 posts · 317 votes
    6y

    In Las Vegas/Henderson I have had 100% rent collected. The majority of the tenants paid and the remainder I had get setup with rental assistance two months ago.  The rental assistance has been successful so far. 

    0Reply
  • RJ Emmett
    Investor · Wilsonville, OR · Member since 2016 · 28 posts · 6 votes
    6y

    Hey Eric,   I'm at 100%, but one of my two renters has been consistently late since April due to COVID.  The late renter is a bartender and is back to work.  He's been getting his rent paid closer and closer to the 1st of the month.  So, I do see improvement.

    1Reply
  • Sara Kirkpatrick
    Grant, NE · Member since 2019 · 12 posts · 6 votes
    6y

    @Eric Bilderback

    We’re in rural Nebraska where pretty much everyone is essential, up until this month we were 100% paid.

    One of our long term renters unfortunately caught the ‘Rona and was quarantined at home without pay for about 3 weeks. The family has been great to work with the past 4 years and they’ll get caught back up.

    Side note: He stated that he’s had worse hangovers and we’re thankful it wasn’t a serious case.

    1Reply
  • Robin Searle
    Real Estate Agent · Colorado Springs, CO · Member since 2017 · 224 posts · 201 votes
    6y

    We have one long term rental and she’s paying every month in full and on time. Three short term rentals that are completely full for the next two months and have been all summer. Waiting to see what winter brings.

    1Reply
  • Account Closed
    Investor · Leander, TX · Member since 2016 · 296 posts · 402 votes
    6y

    100% 

    I've yet to have a tenant not pay in full through this whole event. 

    I've been lucky that all my tenants with the exception of one are in the medical profession, and the one exception is in construction.

    0Reply
  • Ekta Patel
    Rental Property Investor · Macon, GA · Member since 2020 · 37 posts · 20 votes
    6y

    @Nancy P.

    Such a good heart you have!!

    0Reply
  • Ron Fletcher
    Leclaire, IA · Member since 2016 · 161 posts · 130 votes
    6y

    @Eric Bilderback

    I have two who are using every excuse not to pay. Of course they are in Illinois so can’t evict. I have two more struggling but I’m working with them. Out of 25 total doors so frustrating but manageable especially since I don’t rely on my rents to pay my bills.

    0Reply
  • Douglas Holden
    Rental Property Investor · Saddle River, NJ · Member since 2020 · 22 posts · 24 votes
    6y

    @Eric Bilderback

    We are at 100% currently. Initially had a few tenants that wanted to utilize COVID-19 as an excuse. We educated them that they would still ultimately be responsible in the end even if we deferred payment for a few months. They all paid!

    It also helps that we have a very good professional relationship with our tenants in all of our buildings

    0Reply
  • Eric Bilderback
    OP
    Real Estate Agent · Sisters, OR · Member since 2014 · 1k+ posts · 1k+ votes
    6y

    @Carlos Gonzalez

    I raised my rent by 25 only to the units that I thought were at least 100 under market.  Oregon is a Blue state so I am willing to work with tenets especially if they have a legit problem.  So far only one tenet had to modify their rent, then I let them out of her lease.  I have been proactive in letting tenets break their lease (only 2-3 have taken me up on it 10% even less).  Worst case scenario is a tenet starts lying to me then they get so far behind they can never catch up.  Of coarse I will end up being blamed and they will decide to stay in the unit until the sheriff comes out.  So I give full deposit back as long as it is reasonably clean, and wish them well no questions asked.  

    @Sara Kirkpatrick

    Nobody I know has had the Rona yet.  But I know lots of folks who have pretty bad hangovers, myself included!  

    2Reply
  • Sara Kirkpatrick
    Grant, NE · Member since 2019 · 12 posts · 6 votes
    6y

    @Eric Bilderback

    I’ve been there myself a time or two, haha!!

    0Reply
  • Carlos Gonzalez
    Investor · Phoenix, AZ · Member since 2015 · 346 posts · 170 votes
    6y

    @Eric Bilderback

    Good for you.

    One tenant did let me know that was going to be late for 3 days so I only charged 1 day late fee because of COVID exception.

    0Reply
  • Quentin Mitchell
    Investor · Chicago, IL · Member since 2016 · 197 posts · 105 votes
    6y

    I have been good on rents, one tenant caught the virus early on and was off work but has since gone back to work and we worked out the missed payment, and I had one tenant who was also out of work but made partial payments on the months he was not working (and we worked out a payment plan for the partial rent that he missed) and has since he has been paying as he was pre-pandemic. All other tenants have paid and haven't made any excuses what so ever. One other tenant was short the previous month (August) but that was a voucher issue and should be resolved this upcoming week. September has been fine though. most of these events took place at the beginning of the pandemic April, May, and June

    The story that the media is spreading is not my current situation.

    0Reply
  • Michael Thach
    Member since 2019 · 144 posts · 93 votes
    6y

    I got 6 rentals in Dallas and Houston. Got all . 100% 

    0Reply
  • Brian Tootle
    Rental Property Investor · Columbus, OH · Member since 2018 · 15 posts · 25 votes
    6y

    I have 1 tenant in California and 8 in Ohio.  Guess which one hasn't paid.

    3Reply
  • Neil Arnold
    Member since 2018 · 4 posts · 0 votes
    6y

    @Eric Bilderback

    Still at 100%. Haven’t even had a late payment all year.

    0Reply
  • Gail W.
    Investor · IL · Member since 2019 · 151 posts · 135 votes
    6y

    @Eric Bilderback

    At 100%. I did have one in August that didn't pay. Wasn't covid related. After I told her I had been approached by someone interested in buying the property I promptly received 2 months rent, August and September.

    0Reply
  • Jordan Jones
    Rental Property Investor · Temecula, CA · Member since 2018 · 34 posts · 21 votes
    6y

    All my tenants (3 SFRs) paid 100% through the whole pandemic. Two of the homes had essential workers. The third did not, but still paid timely. My non-essential tenant asked for a 2 week extension on the water bill, which I agreed no problem, as he's been an awesome tenant. But otherwise, everything went very smooth.

    I think the stimulus money and unemployment benefits really helped when Michigan was on lock down. It will be interesting to see how things go the next few months in general, but as of right now all of my tenants are back working full time and (thankfully) did not lose their jobs.

    3Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    6y

    I received 100%

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group546 Reviews
    WebsiteView Page
    1Reply
  • Adam E.
    Investor · Member since 2019 · 25 posts · 24 votes
    6y

    Haven't had a missed payment all year.

    1Reply
  • Al Pat
    Rental Property Investor · Atlanta, GA · Member since 2016 · 325 posts · 253 votes
    6y

    @Eric Bilderback at 100% and even did several renewals at with standard 5% increase. Demand is also high

    1Reply
  • Kathryn Schauer
    Investor · CT · Member since 2019 · 71 posts · 29 votes
    6y

    I just have one but she paid in full.  

    0Reply
  • Michael Barido
    Rental Property Investor · Layton, UT · Member since 2014 · 28 posts · 11 votes
    6y

    @Rene Owczarski

    100% but I only have 3 units.

    Curious about screening with essential worker in mind and the fair housing act, do you see any issues popping up due to rejecting someone based on their job?

    4Reply
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