Rental Performance Report for January 2025
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 January 2025.
Key Takeaways on Rental Performance for January 2025
As noted in Chandan’s report, here are the key takeaways on the rental performance for January 2025:
- In January 2025, the on-time payment rate in independently operated rental units slipped by 70 basis points (bps), falling to 85.0%.
- The forecast full-payment rate also dropped off by a sizable 79 bps during the month, declining to 93.8% in December.
- Western states continue to hold the highest on-time payment rates in the country, led by Idaho, Utah, Nevada, North Dakota, and Colorado.
- 2-4-family rental properties and single-family rentals held the highest on-time payment rates in January, coming in at 85.2%.