Mastering Rent Collection: Strategies for Tackling Chargebacks, NSFs, and Delinquencies
Learn how to mitigate 3 significant rent payment collection risks that property managers face when it comes to rent collection.
Inflation, demand, & high interest rates have created an unstable economy, increasing rent payment collection risks
Inflation, demand, & high interest rates have created an unstable economy, increasing rent payment collection risks and putting multifamily revenue at risk. The property management industry and overall economy have experienced both positive and negative changes in recent years.
Before the pandemic, the world was more predictable, with rents and asset values growing steadily for over a decade. However, since the pandemic, there have been significant changes and instability in various ways. Some aspects have been positive, leading to improved asset values and returns following the pandemic. However, there have also been challenges, such as inflation, which has put stress on the economy.
In addition, there are other macroeconomic conditions that are still unfolding. And despite the Federal Reserve’s efforts to stabilize the economy, there is a possibility of heading towards a recessionary environment. In multifamily, there’s been a steady decline in rents and asset values in the past couple of years.
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