Rental Performance Report for November 2024

Wondering how on-time rent payments are faring across the nation? Take a look at Chandan Economics & RentRedi’s Independent Landlord Rental Performance Report for November 2024.

Key Takeaways on Rental Performance for November 2024

As noted in Chandan’s report, here are the key takeaways on the rental performance for November 2024:

1. In November 2024, the on-time payment rate in independently operated rental units held flat at 85.5%.
2. On-time payment rates have remained within a narrow range of 85.3% to 85.7% over the past five months.
3. The forecast full-payment rate fell by 110 bps to 94.6% in November.
4. The ten (10) States with the highest on-time payment rates are all located in the West, led by Alaska, Nevada, Utah, Colorado, and New Mexico.
5. 2-4-family rental properties and single-family rentals held the highest on-time payment rates in November, coming in at 85.7%.

Crystal

Director of Content Marketing, RentRedi

Crystal Abing is dedicated to helping landlords and tenants feel at home in the rental world. She writes blogs, guides, and updates that turn tricky property management topics into clear, actionable tips. Her goal is to ensure landlords feel confident running their rentals while tenants feel supported using RentRedi. At the heart of her work is a passion for making property management simpler, smarter, and less stressful for everyone.

Articles: 760 | Joined: 2023

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