What percentage of tenants are in arrears?

We have for 10 years maintained an arrears rate below 1%. This is measured and actioned daily (please, ask us for a copy).

Most agents don’t want to discuss arrears management, it;s left to the newest person in the office and some agents don;t take any action at all until a tenant is 7 days behind in their rent! REIQ stats tell us that industry wide this is by far the largest place an owner’s money is lost. Whilst we fully advocate quality landlords insurance to minimise any possible losses, the best insurance is one you never need to use.

What to do next?

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