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LeavenWealth

Passive Income With Multifamily Real Estate
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What is delinquency and why is it sometimes worse than a vacancy?

Delinquency is rent or fees owed but not paid. A vacant unit, while a loss, can at least be re-rented to a paying tenant. A delinquent unit is occupied by a non-paying tenant — the unit isn’t available, and it’s producing no income. That’s why we track delinquency separately and target keeping the delinquency ratio under 3%.