So , who’s laughing now with my cheap rentals? Recently I’ve talked to a few landlords all over the nation and there are MANY who’ve collected limited amounts of rent. Even one local, very well known landlords in my area has collected ONLY 50% OF HIS RENT from his real estate rentals. In my case I’m not doing bad at all, I’ve got very few who are totally unable to pay (And then 60% of those who haven’t, moved out already and I’m really close to turning over the units).
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I forgot to add the California landlord data, so here it is : http://investmentjoy.com/wp-content/uploads/2020/04/92187739_10115214103132240_2850861697512505344_o.jpg
It ends up being one of those things where for quite some time I’ve been told I make bad decisions on my rentals/shouldn’t buy lower/cheaper end rentals, etc. SO FAR during this event though, my rentals are doing pretty dang good (Sans trailer park, which I hope will see good growth next month). My move-outs are being filled very quickly, and as long as I stay on top of turnovers I won’t do too bad at all. Having said that, there appears to be many local business failures on the horizion, which may, or may not have a profound impact on my business. Who knows.
I’d love it if you joined our discord, where I have one of the biggest finance/business channels online! https://discord.gg/myuPtHt
I do post mini-updates on my Instagram at http://instagram.com/investmentjoy
If you’re curious what kind of equipment I use to make my videos, the whole list is at http://investmentjoy.com/brandons-equipment/ AND the security cameras I use at the trailer park & laundromat!
