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Nonpayment Loss Calculator
A single nonpaying tenant can wipe out a year of cashflow on a small rental: past-due rent + eviction process rent + legal fees + damages often total $8K-15K, and the security deposit recovers only 15-25%. This calculator quantifies the full economic loss so landlords can size the cost of weak screening and price tighter screening criteria into their underwriting.
60-180 days varies by state
Net loss after deposit
$10,100
Total economic loss
$11,950
Past-due rent owed
$5,550
Eviction-process rent loss
$3,700
Deposit applied
$1,850
How the math works
A typical 3-month nonpayment + 2-month eviction = $9,250 in lost rent on a $1,850 unit. Add legal ($1,500) and damages ($1,200) and the deposit ($1,850) recoups only 17% of the $11,950 total loss.
Strict screening (3x rent income minimum, 600+ credit) prevents the vast majority of nonpayment events. The few units with stricter income/credit thresholds outperform the lower-screen units across the cycle.
How to Use
- Enter monthly rent and months tenant is behind.
- Enter security deposit, eviction legal fees, and eviction process duration.
- Enter estimated damages on exit.
- Read net loss after deposit applied.
Frequently Asked Questions
Eviction timeline by state?
Texas: 30-60 days. Most southern: 45-90. NY/CA: 90-180+ days. Eviction moratorium hangovers (post-COVID) extended timelines in some jurisdictions.
Recover from tenant?
Court judgment is easy; collection rate is 5-15%. Garnishment varies by state. Most landlords write off after attempting collection 6-12 months.
Insurance for nonpayment?
Some specialty 'rent guarantee' or 'lease default' insurance products cover 6-12 months rent for $20-50/mo per unit. Rare and most landlords self-insure via tighter screening.
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