The money lost by property owners from missed rent payments is up, but the number of delinquent tenants is declining, the Mortgage Bankers Association Research Institute for Housing America reported recently.
Rental property owners lost as much as $7.85 billion in first-quarter revenue from missed rent payments up from over $7.41 billion in the fourth quarter.
At the same time, the share of renters missing payments dipped from 7.9% in December to 7.7% of renters in March.
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