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Updated over 3 years ago,

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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
2,400
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2,458
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Landlords Bailing, Selling off Properties

Lynnette E.
  • Rental Property Investor
  • Tennessee
Posted

There is an article in Yahoo news, yes I know not the best news source, but I thought this one was interesting.  Here is a quote:



Landlords who own between one and five single-family rentals make up 88% of the almost 15 million single-family rentals across the country. In light of the eviction bans put into place at the start of the pandemic, 11% of these landlords have sold off at least one property in their portfolios, and 12% have sold off their real estate holdings in their entirety.

Here is a link to the story:  

Federal Eviction Ban Forced 12% of Landlords Out of Business | Millionacres

If that is accurate and 12% of the mom and pop folks sold off all their properties and 11% sold off at least one property, there will be an even bigger rental shortage.

Did anyone on here sell off during the eviction hold?

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