Opinions on long term outlook for Landlords

[Mitch Jones]

Hello all!  Long time browser, first time poster here. My business partner and I have been slowly accumulating rental properties in Central Ohio for the past 5 years, we currently own 20 units total, mostly single families with an 8 unit as well.  Up until recently I have been CONVINCED this is the best investment for accumulating wealth long term and eventually gaining financial independence through passive income from the rental properties.  I was just looking to get some of your opinions on the long term outlook for landlording/ property ownership, specifically dealing with the current political situation/administration.  I'm talking about the eviction moratoriums, higher taxation across the board, potentially doing away with the 1031 exchange, and in general just much more regulation and laws coming from the current administration - most of which hurt us hard working landlords and property owners.  What I am most concerned about is the direction I think we could possibly go from here... everything just seems to be so far radical left now a days.  Worst case scenario possibly government regulation over rents? Even higher taxes, who knows what else.  Any of you guys have these same concerns? 

[Nathan Gesner]

I'm optimistic for myself, but less so for others. I think most Landlords will weather this storm, but we'll definitely see a culling of the herd. The government is not your friend. There are some very dumb people running our country, on both sides of the aisle and in every level of government. They make terrible, uneducated decisions that hurt the producers and favor the consumers. These actions will scare off (or chase off) the weakest investors. The rest of us will flex and survive, property prices and rent rates will continue to rise, and we'll be fine.