How's everyone holding up?

[Nathan Hall]

Covid-19 has been a kick in the nuts for everyone, I think it's safe to say. How are folks doing? Rents are being paid, not paid, etc? Any new opportunities for expansion? Is now a good time to expand?

I realize there are probably 100,000 discussions on here right now about these same topics, but I'm asking again because A) (knock on wood) we haven't lost a single rent, and B) we have a chance at a 2.4% rule expansion on 4 more units out of the blue. So after not being on here for many months, this is a pinch myself moment. What am I missing? Help me see the blind spots.

[Nathan Gesner]

Originally posted by @Nathan Hall:

Covid-19 has been a kick in the nuts for everyone, I think it's safe to say. How are folks doing? Rents are being paid, not paid, etc? Any new opportunities for expansion? Is now a good time to expand?

I realize there are probably 100,000 discussions on here right now about these same topics, but I'm asking again because A) (knock on wood) we haven't lost a single rent, and B) we have a chance at a 2.4% rule expansion on 4 more units out of the blue. So after not being on here for many months, this is a pinch myself moment. What am I missing? Help me see the blind spots.

I have another thread about unpaid rents because our experience is different than what the news is reporting. There are some outliers but overall it seems people are doing really well.

The economy is roaring back, as I expected it would. We have the right pieces in place to support businesses, bolstered by a bunch of "free" money the government is passing out like candy. Contractors are swamped with work. New construction is up. Home sales are up. Rentals are flying off the shelves at higher prices.

There are good deals available in every market if you buy right. Personally, I would consider this a peak market and be very careful about buying with the expectation things will continue to climb. I think we're going to see the real bill come due within the next year.