Search
  • Metro East REIA

Smaller Rental Property Owners Are Suffering, Government Needs to Act!

The National Real Estate Investors Association says individual property owners, most of whom own less than 50 rentals and live in close proximity to their properties, are bearing the brunt of eviction moratoria put in place by various government entities across the nation. Over 30% of these small “mom & pop” owners (owners of duplex/fourplex and single-family homes) expect to be bankrupt in the next 6 months. When you consider that individual rental property owners constitute over 40% of U.S. rental property, this seriousness cannot be understated. Continue reading HERE...

0 views0 comments

Recent Posts

See All

Housing Starts Up 6.3% in June

The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000, which is 6.3% higher than May’s revised number. However, this figu

Existing Home Sales Up 1.4% in June

The National Association of Realtors is reporting that existing home sales were up 1.4% in June to a seasonally-adjusted annual rate of 5.86 million (up 22.9% from one year ago). Total housing invent

Rise of the Sister Cities

The Pandemic has altered life as we know it in many ways – some of which are becoming more apparent every day. John Burns Real Estate Consulting says many buyers & renters that are no longer required