Risks in owning rental properties at times of economical crisis

[Roee Agami]

Hi, I own several multifamily residential rental properties in the less economically stable areas of MA and RI.

Is there a typical behavior for residential housing at times of economical crisis?
Should I expect to lose rent because of people losing their jobs and unable to pay rent?
Or maybe the opposite because people lose their houses and move into renting instead?

I imagine there is no conclusive answer to that, would like to hear people's thoughts.
Thanks.

[Craig Jeppesen]

I would be more worried about automation of unskilled jobs more than a recession if you are in low end multi family. I think a lot of jobs will be going away in the next 10 years especially if $15 per hour min wage starts taking off in a lot of states.