General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated over 3 years ago,
Landlords Bailing, Selling off Properties
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?