Property Management: Rent Collection Update, June/July

Two national reports on rent collection show that most tenants are meeting their rent obligations, although the results are slightly lower than last month. Eviction moratoriums are also being lifted in some markets, making it possible for landlords to address a difficult financial situation with an eviction, if needed.   The National Multi-Housing Council keeps track of rent collection for apartments. In the Council’s rent collection report for July, it says that 77.4 percent of renters made a full or partial rent payment by July 6th. Property managers usually give renters five days to pay their rent, so they can report “on time” payments by the 6th.    www.NewsForInvestors.com