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How Long Does a Landlord Have to Collect Unpaid Rent?
It may seem obvious, but collecting rent is one of the most critical aspects of property management. Tenants who fail to pay rent can...
In mid-March we sent a survey to over 60,000 active TurboTenant landlords, and over 16,000 renters. We have been surveying our landlord and renter base for over a year to gain insights into how the COVID-19 pandemic has impacted their rental process, and identify trends related to rent payments, mortgage payments, debt and income, communication trends, and tenant screening criteria. This was the ninth survey in our series on COVID-related landlord and tenant topics. We will continue to publish insights and data through 2021on a monthly basis, and will also publish quarterly overviews. We have narrowed down our analysis below to include rent payment trends, renter finances and payment confidence, incentives and discounts, and communication trends. The March survey was conducted between March 12th through the 17th. For an overview of our 2020 data, check out our State of the Rental Industry Report, published in early January.
(You should still read it, but here are some of the most compelling highlights.)
Below we have outlined high-level demographic information for landlord and renter respondents related to location, unit size, and annual household income spent on rent, and awareness of assistance programs.
We will continue to survey renters and landlords and update this data every month. If you have data requirements that are outside the scope of this article, please email [email protected]. We have ongoing data collection and are happy to supply another data set if it is available. Check out all of our COVID-19 landlord resources here.
If you are in the process of filling your properties, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.
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