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TRACKING RENT PAYMENTS
TO INDEPENDENT LANDLORDS

Data Provided by:

JULY 2022 KEY TAKEAWAYS

1. The on-time payment rate in independently operated rental units declined by 114 bps between June and July, falling to 80.1%.

2. Gateway markets, while maintaining higher on-time payment rates than units located elsewhere for seven consecutive months, saw a significant 240 bps decline in July.

3. Sun Belt rentals underperformed the rest of the US for their fourth consecutive month.

4. 2-4 Family rentals maintain the highest on-time payment rate of all sub-property types in

July, coming in at 81.3%.

5. Single-Family Rentals hold the lowest on-time payment rates, averaging 79.1%.

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