Calculated Risk is tracking this. Large complex on time rent payment declined from
81 to 76% year over year.
The business model of these larger complexes to get people with weaker credit and charge more and have aggressive collections. So small landlords probably have an even smaller decrease in payments.
Being choosy with tenants and not raising rent has probably cost me about $10,000 over many years, which is very little compared to the financial and mental health stress cost of a single really bad tenant who has nothing to lose, is judgement proof, and knows how to work the courts and will lie.
I think the set of such people, and the set of people with 750+ credit scores and a reference from prior landlords, barely overlaps.
