'If you are interested in it or have the means to do it, just start,' the Seattle landlord advises prospective investors
According to a recent Airbnb survey of 2,200 Americans, more than 50% of travelers are ditching their big city travel plans for nearby destinations
After a period of rolling out more lenient reservation cancellation policies and more stringent cleaning procedures in the wake of the coronavirus pandemic, Airbnb, Vrbo and other vacation-rental websites are starting to see an increase in bookings again
Rent for single-family homes grew by 2.4% in April, a major drop from 3% in March
As many states began the reopening process in May, rents continued to decline from previous months, according to YardiMatrix's National Multifamily Report for May 2020
AppFolio, which provides cloud-based property management software, saw its shares grow by 44.3% in May. The growth came as property managers adapted to work-at-home orders
The firm also indicated its industry appears to be recovering from the lows of the coronavirus pandemic
San Francisco in particular has experienced a historic drop in rent amid the pandemic, though rents are also down in New York, Boston and other cities
Smaller landlords form the 'backbone' of the residential rental industry. But they have been largely excluded from the Paycheck Protection Program during the coronavirus pandemic
While landlords may have seen a drop in income due to coronavirus, tenants often face direct layoffs and much less of a financial cushion — and, as Motwani stresses, confrontation is simply not productive
Additionally, nearly half of Airbnb hosts reported that they don't currently feel safe renting out properties, according to a survey by IPX1031
Now more than ever, NYC real estate broker Tania Isacoff Friedland keeps the focus on client needs to provide the best possible service
Top New York real estate agent Jamie Safier is seeing incredible growth in demand in the Hamptons as well as changes in what renters are looking for
But real estate agents say that could all change in the fall, when owners of second and third homes seek to shake off excess properties. 'Since this happened before Memorial Day, people are saying I can get $400 grand for four months? I'll just list it in September.'
Opinion
Real estate investing is a competitive and risky game. Although you can't control when a global health crisis strikes, as an aspiring investor, you can protect yourself by adopting these necessary strategies and techniques
With the pandemic wreaking havoc on the economy and leaving millions out of work, small landlords and Airbnb hosts are finding new ways to move forward amid financial trouble