.png){kind=logo}
COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS
Independent Landlord Rental
Performance Report
Tracking rent payments to independently operated rental properties.
Sepetember 2026 Takeaways
-
On-time payments increased to 83.2% in September, extending the rebound from the summer trough.
-
Year-over-year collections increased 91 basis points, the strongest annual improvement since May 2023.
-
The forecast full-payment rate rose to 96.2% in September, while the 2026 year-to-date average through July stands at 95.8%.
-
Late-payment rates increased to 12.6% in July, remaining historically elevated despite earlier improvement in the spring.
-
Multifamily continued to lead the recent recovery, with its on-time payment rate rising to 82.8% and further narrowing the gap with smaller rental formats.
-
ebound, with its on-time payment rate increasing to 82.5%
About the Report
The Independent Landlord Rental Performance report is a real-time look at how well non-institutional operators are collecting owed monthly rental payments. Utilizing data provided by property management software RentRedi, these findings have a reduced sample size of 49,745 units, which are analyzed and reported by Chandan Economics. Where sample size quality meets sufficient reporting standards, data are offered from March 2020 forward, and new trends and analyses are reported monthly. Performance trends are discussed nationally, as well as along the lines of residential property type and geography.
​
Notably, these data track a segment of landlords that are underrepresented in leading market samples. For example, while the National Multifamily Housing Council’s (NMHC) Rent Tracker holds an unmatched sample size (11+ million), it represents exclusively the professionally managed segment of the rental housing sector. Data contained within this report offer a contrasting set of statistics that may allow investors, brokers, academic researchers, and policymakers a benchmark to compare the performance and health of independent landlords against institutional operators tracked by NMHC.
Data Provided by:
Please cite these results as the Chandan Economics-RentRedi Independent Landlord Rental Performance Report.
