In light of the new administration, do we need to pivot with REI?

[John Teachout]

I'm reading about the direction the new administration is taking and it has me concerned about our rental business. This is what we live on and if we get in situations where tenants feel like they don't need to pay rent, then what? Thus far, although we've had some lumps and bumps, we've collected most of our rents. We just got an eviction and financial judgement in court yesterday for a non-paying tenant and that's the first one for us (ever). They owe December and January rent and we will probably have the unit re-rented by the end of February. We have a house we purchased recently that we haven't rehabbed yet and we're waffling whether to rent or flip it. Our intention was to fix and rent it but so many uncertainties right now...