Recently, a survey was done by an advocacy group called ParentsTogether and they concluded that 34% of its random
ly selected respondents questioned on Facebook Messenger claimed they are behind on rent or mortgage payments. The study went on to say that only 40% expected that they will be able to make a full mortgage or rent payment in January unless they cut back on other necessities. Nearly half of those asked were worried about losing their home.
Add in the jump in jobless claims being reported by the US Department of Labor and it paints a possible opportunity for investors in the future. How so? If things like this continue, we could be seeing properties go up for sale as short sales or even foreclosures which could be an opportunity for a landlord to add to their portfolio.
Are you a property manager looking for more properties? Do you have tenants behind on rent? Don’t want to deal with the day-to-day headaches of being a landlord? Then contact us to see how we can help. We are licensed Realtors that can help you find new properties to buy as well as manage your current ones.
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