BiggerPockets Daily Rent Collections Fall as Some Landlords Are Feeling Serious Pressure
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Jul 15, 2025 Rent payments are on a downward slide, marking the 23rd consecutive month of falling on-time collections. The latest report reveals which states are excelling and which are struggling in the rental market. Notably, regions like the Sun Belt are feeling the pinch, while Western states such as Montana and Utah are maintaining strong performance. This financial landscape poses challenges for landlords, offering crucial insights for both newcomers and seasoned real estate investors.
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Rent Payments Decline Nationwide
- On-time rent payments in the US have declined for the 23rd consecutive year-over-year period.
- This trend indicates increasing financial challenges for tenants and mounting pressure on landlords' cash flow.
Small Rent Hikes Impact Payments
- Rent prices are increasing slightly, averaging a 1% year-over-year rise.
- Even small rent increases can significantly impact tenants' ability to pay on time when financial stress rises.
Western States Lead Payments
- Western states like Montana, Utah, and Hawaii boast the highest on-time rent payment rates, around 92-94%.
- These states remain consistent markets for landlords amid nationwide payment declines.