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TRACKING RENT PAYMENTS
TO INDEPENDENT LANDLORDS

Data Provided by:

JANUARY 2023 KEY TAKEAWAYS

1. The on-time payment rate in independently operated rental units improved by 6 bps between December and January, coming in at  81.5%.

2. National on-time payment rates have now held above 81% for four consecutive months —a first in the life of the Chandan Economics-RentRedi tracking.

3. January’s full payment rate is forecast to land at 90.8%.

4. The on-time payment rate remained higher for units in the Sun Belt compared to units located elsewhere for the second consecutive month, reaching 82.4%

5. 2–4-unit rental properties held the highest on-time payment rates of all sub-property types in January, coming in at 82.4%.

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