Rental Performance Report for September 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 September 2024.
Key Takeaways on Rental Performance for September 2024
As noted in Chandan’s report, here are the key takeaways on the rental performance for September 2024:
- In September 2024, the on-time payment rate in independently operated rental units fell for a fourth consecutive month, sliding to 84.9%.
- Compared to the post-pandemic peak, the national on-time payment rate is down by 334 bps.
- The eight states with the highest on-time payment rates are all located in the West, led by Utah, Idaho, Colorado, and Nevada.
- Single-family and 2-4-family rental properties held the highest on-time payment rates of all sub-property types in September, coming in at 85.1%.
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