acceptable monthly delinquency percentage

Hello All-
I recognize that we try to collect every dollar of rent, etc. each month.
Is there an industry standard for an acceptable percentage of delinquent rent?
Thanks.

Bernie

Hi Bernie,

So tax credit and conventional properties will be different. Tax credit properties typically have a running delinquency due to the nature of how they receive their funds.

On conventional properties the goal should always be 0%. That being said anything below 3% would be considered acceptable in situations with pending evictions or other extenuating circumstances and below 1% as the standard. You will also typically see delinquency bonuses for whoever is in charge of collecting the funds.

Happy collecting!