Rental Performance Report for August 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 August 2024.
Key Takeaways on Rental Performance for August 2024
As noted in Chandan’s report, here are the key takeaways on the rental performance for August 2024:
- In August 2024, the on-time payment rate in independently operated rental units fell for a third consecutive month, sliding to 84.9%.
- Compared to the post-pandemic peak, the national on-time payment rate is down by 332 bps.
- Western states, led by Idaho, Utah, Colorado, and Nevada, continue to have the highest on-time payment rates in the country.
- Single-family rental properties held the highest on-time payment rates of all sub-property types in August, coming in at 85.3%.
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