I’ve been predicting this for months. I currently have a vacancy and the NYS tenant pool is shallow, needs bleach and contains several baby ruths.
14% of the respondents are qualified to move from the pre-qual to the actual application!
= = =
So how does the Blackrock (buying up houses for rentals) expect to overcome this?
Will they have power to evict? Or would they be exempt from tenants not paying rent?
Or would the Govt. pay them for any missed payments and associated expenses?
The govt will exempt them from the rules for the “little guys.”