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TRACKING RENT PAYMENTS
TO INDEPENDENT LANDLORDS

Data Provided by:

OCTOBER 2022 KEY TAKEAWAYS

1. The on-time payment rate in independently operated rental units improved by 159 bps between September and October, rising to 81.9%, reaching a 2022 high.

 

2. October’s full payment rate is forecast to land at 92.5%, improving 171 bps year-over-year.

 

3. On-time payment rates in Florida have declined slightly in the aftermath of Hurricane Ian, though they continue to outperform the national average.

4. Gateway markets maintained higher on-time payment rates than units located elsewhere for the tenth consecutive month, though the performance gap has narrowed close to parity.

5. Small Multifamily rental properties (5-49 units) hold the highest on-time payment rate of all sub-property types in October, coming in at 83.2%.

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