Worsening economic conditions impact on rental payments
There is now no doubt that the economic conditions have deteriorated to a point where we can expect an increasingly risky time ahead for the rental industry. The pointers are clear:
- Non-, partial and late payment trends are all up according to the latest TPN Rental Monitor (ww.tpn.co.za)
- Tenants in good standing are down 2.8%
- New car sales are at an 8-year low and there has been a 20% increase in people that have fallen behind with their vehicle finance paymewnts.
- The economy is shrinking in real terms and people are loosing their work
- Interest rates will probably continue to climb for a while still
Why not shift these burdens and risks to RentMaster. We’ve been making sure investors receive their rent on the 1st working day for more than a decade. Guaranteed
RentMaster’s complete management solution for the monthly rental collection cycle offers peace of mind to owners and agents.