Happy New Year from Sperlonga!
A warm thank you to all of our clients who were with us in 2021 and a warm welcome to all the new clients starting in 2022!
With all the uncertainty of the past year, eviction moratoriums and shifting legal issues, rental property management was extra challenging. We are grateful to have been able to partner with you and help reduce what could have otherwise been all time high delinquency rates.
Despite the difficulties created by the pandemic in 2021, here are a few highlights that we achieved for our customers in a challenging rental environment:
• 46.9% reduction in total past due accounts
• 30.5% reduction in total past due balances
• Average outstanding balances recovered by each client: $35,391
Historically our experience stays consistent; the greatest reduction was noted in severely past due accounts.
When rent growth is projected at 7.1% for 2022* with low vacancy rates, we know the coming year is going to be busy, but filled with a lot of opportunity. If you know someone who could benefit from Sperlonga's rental reporting program, we have a great refer a friend program. We are here to help!
Director, Operations & Product Development
Sperlonga Data & Analytics
*Avail.co Rental Market Forecast: 2022