What do your TENANTS really think?

[Rob Chiang]

I am perplexed.  I finished up an hour long deep conversation with someone  and they tried to convince me why their decision to RENT and have the option of "being a nomad without owning anything" was the way to go.  Being a renter gives them the freedom to travel and live anywhere they want.  Working remotely means they can live in any city they please as well.  

My question was "what income stream will pay your rent and all of your expenses when you get sick?"  That question didn't really seem to bother them, so I wasn't creating a new investor today.

If this is how the younger "rent everything" generation thinks, we might end up with 75% Renting and 25% owning in 10 years.  

Taking it 1 step further, as Landlords, what sort of accommodations/amenities are you putting in place to make these "nomad" tenants happy to rent your properties?

[Henry T.]

Here's what my tenants think. "I've got this great place, I'd better not do anything stupid".

Nomads? They're all yours my friend. Good luck.