we own and operate low income housing in Memphis TN, we were able to plane ourselves a head of time to the situation.
eventually landlord is a business, and needs to have a risk management.
in the last 10 years financing was easy, money was cheep, so rental housing went up. we see it in Memphis, apartment complex that use to be soled for 7k a door rose to 25k a door which is not correlated with the ROI on rent collection. but the market is forces of supply and demand, and if we have easy access to money demand will go up and will increase the risk.
I think that the environment that we had in the last 10y gave a back wind to increase risk taking in high financing that not correlated with practical risk management.
see our PR about Covid-19 handling
