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Updated over 5 years ago on . Most recent reply

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Ian Brannon
  • Rental Property Investor
  • Omaha, NE
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What typically happens to rents during a "recession"?

Ian Brannon
  • Rental Property Investor
  • Omaha, NE
Posted

In most cases during a "recession" what spots in the single family and multi famiy market tend to perform well? And on the flip side which spot tend to perform poorly? Any insight is appreciated! Thank you

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Brent Paul
  • Rental Property Investor
  • Shakopee, MN
373
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Brent Paul
  • Rental Property Investor
  • Shakopee, MN
Replied

In my area Rents didn't fall at all.  If anything it made it very competitive being so many people lost homes and were looking to rent.  The one area that did sort of struggle were luxury apartments.  I tend to stay away from those.

If you buy in decent areas with enough cash flow you should be able to ride out any recession that looms.  I buy in areas with good schools, parks, etc.  Never had a problem with finding renters.

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