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A comment on California will pay off all past due rent. Parent comment

Re:California will pay off all past due rent by edmundsauto on Tuesday June 22, 2021 @04:40PM (#27596893)
There is risk that the property would be damaged, risk that massive maintenance bills could arise (cracks in the foundation), risk that it would be unrentable, that rental rates would drop, or that property values would decrease.

If small investors were basing their calculations that the only risk is up to 90 days without rent... then yeah, they miscalculated the risks.

[ Parent | on HN ]
Re:California will pay off all past due rent by mywittyname on Tuesday June 22, 2021 @09:45PM (#27599809)
This kind of thing destroys small-time landlords all the time. If you only have one rental property, you're one bad tenant away from incurring a loss that will take years to recoup.

Succeeding in the real estate game is all about numbers. Lots of properties in a variety of locales spread the risk of one individual tenant bankrupting you.

[ Parent | on HN ]