Independent, non-institutional landlords in gateway cities outperformed units elsewhere in January, after reeling from some of the COVID-19 pandemic's worst effects since the onset of the crisis.
A review of independent landlord rental performance by RentRedi and Chandan Economics reveals that the on-time collection rates in gateway markets including New York, Los Angeles, San Francisco, Washington, DC, Houston, Dallas, Chicago, and Boston surged by 211 bps last month, increasing to 81.4%. Conversely, units outside of
gateway markets saw their on-time collection rates fall by 23 bps to 79.9%.
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