Unpaid rent: when delinquent rent transitions to debt

Re-examining rent collection practices

The collection of rent is an essential function of multifamily property management. According to the National Equity Atlas, more than 5 million U.S. households are behind on rent, owing an estimated $9.8 billion in unpaid rent^[1]. This liability represents approximately 10–12% of total rent collections. At what point, then, does unpaid rent transition from delinquency to debt?