How often will a tenant miss a payment or pay late?
Statistically, 4-5 percent of all rent payments are made late for a variety of reasons. Sometimes the payment is only late a day or two; other times it never comes in. You can greatly reduce these numbers by putting tenants on automatic recurring rent payments, either through their bank, or through a rent payment program. Tenants no longer have to remember to mail the rent in and it comes every month, on time. No more “Lost in the Mail” excuses. That means fewer headaches and more golf!
