Average delinquency rates in South Shore

[Anupam Banerji]

I have a lot of delinquent tenants in my building this month.  I'm wondering how quickly the average delinquency gets resolved in South Shore.  My tenants are by and large only 30-60 days delinquent.

what are some strategies you'd use to reduce delinquencies in your properties?  Is a 10-day notice enough?

[Richard F.]

@Mike Fisher provided key info (I am assuming it is accurate base on his tone), the technical details, proper notice language, and proper timing all following the "letter of the law" is crucial...no matter what jurisdiction you are in.

He was also correct in stating screening and staying on top of the issue are important. I would argue that your screening needs to be tightened up. If you move someone in knowing they are living paycheck to paycheck, with no cushion at all, then you also know they are one major car repair, or one hospital trip, or one bad day at work, from NOT paying rent at all for a month or longer. 

There was a time when the companies I worked for had hundreds of units, mostly in bad areas, complete with red or blue bandanas and a weapon in every waistband. We were pretty successful in turning properties around, placing the best tenants available for the area. They were not perfect, certainly not 700 credit class, but they quickly learned our program. It did not matter the reason, we followed local law precisely and immediately for late rents, even for S8 tenants not paying their portion. The small amounts we would ride out until mid-March, or late September, whichever came first. In those months we would take them all to court and get payment in full or the eviction. It was actually surprising how many stopped by the table I set up in the courthouse hallway to pay in full! Very few actually were evicted, and those that stayed, quickly spread the word through the larger buildings that we meant business. Things were much easier after that...