Portrait of an American Landlord

Written on January 21, 2014 by , updated on March 14, 2015

American landlords are a unique bunch and they each manage their properties differently.

We wanted to learn more, so we reached out to 3,200 Cozy landlords to get a better understanding of who they are, and how they get things done.

The results are quite interesting, and we’re sharing them in an infographic called “Portrait of an American Landlord“.

Portrait of an American Landlord

Gender and Relationship Status:

  • 85% Male / 15% Female
  • 62% Married / 38% Unmarried

Average Annual Income: $97,000

Number of Rental Properties Owned:

  • 50% own 1 Property
  • 18% own 2 Properties
  • 6% own 3 Properties
  • 26% own 4-25 Properties

Percentage that use Property Managers:

  • 27% Yes
  • 73% No

Most Popular Rent Collection Method Before Using Cozy:

  • 7% Used PayPal, or similar
  • 78% Collected Personal Checks
  • 5% Accepted Credit Cards
  • 10% Used Bank to Bank Transfers or ACH
Average Distance Driven to Deposit Checks: 1/2 mile

Percentage of Landlords that Live Near Their Rental Property:

  • 50% Yes
  • 50% No

When Do Landlords Require Rent Payment?:

  • 75% – 1st of the month
  • 6% – said rent was due monthly on the day the tenant moved in
  • 5% – 5th of the month
  • 3% – 3rd of the month
  • 2% – 2nd of the month
  • 1.5% – 4th of the month
  • 1.5% – 10th of the month
  • 1.5% – 25th of the month
  • 1.5% – 31st of the month
  • 1% – 15th of the month
  • 1% – 30th of the month

When Rent is Paid:

  • 8% said always early
  • 9% said sometimes early
  • 56% said on time
  • 21% said sometimes late
  • 6% said always late

Infographic

Source: Cozy.co

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