Why would anyone get into this game again with new tenant rules?

[John E Graham]

I am retiring and moving to Florida, I sold all my rentals up here in New York, with all the new rules that let tenants skip payments and bar you from evections. Why would I go buy a new property just to have a tenant stop paying?   

I am a NY. a past licensed Realtor ( property manager) and Licenced Home Inspector working to get my Florida creds, Even that seems like a waste of time? How can you manage a property is everyone stops paying?  

[Nathan Gesner]

I'm not sure what FOX News has to do with anything.

There are particular states that make it more difficult to invest. NOLO has one of the best Landlording books available and it covers 49 states; California is so heavily regulated that they have an entire book dedicated just to that state. To claim that it's no different than Wyoming or Tennnessee is laughable.

Yes, we're seeing some pretty crazy stuff happening right now but it's temporary and not happening everywhere. My state has remained open for business with no moratorium on paying rent, I'm still able to file 3-day Notices, and the court is still open for evictions. There is the issue of Fannie/Freddie restrictions but those only apply to a few of the rentals I manage.

If the current situation scares you out of rentals, maybe it wasn't the right thing for you. Me? I'm doing just fine and anticipate I will continue doing fine. If things go south, I may be doing even better!