TPN Residential Rental Monitor – 2018 Q1

TPN is South Africa’s largest aggregator of tenant rental payment behaviour and our numbers confirm that far from falling off any cliff, tenants in good standing declined a marginal 0.47% year on year for the first quarter of 2018.

Of course tenant collection capabilities do differ between property service providers as do credit reports, so property managers and landlords who actively work the TPN system might simply be reaping the rewards of quality tenants placed using quality credit reports = quality rental collection – and thankfully have not experienced the reported 5% decline in tenant behaviour.

It is also true that the first quarter of each year does suffer from the traditional “Januworry” holiday hangover syndrome and so the ‘paid on time’ status of a relatively higher number of tenants may shift to grace or late payment status as a result.

Please click here to read the full Residential Rental Monitor for 2018 Q1