Surviving with the long lasting ban of evictions?
Hello!
I have just started my journey to becoming a real estate investor. I have begun reading and researching as much as I can on a daily basis while being a full time student in Maine. I have not bought my first property yet as I am just beginning to expand my knowledge. I have one question that makes me nervous when thinking about buying my first rental property.
With the extended ban on evictions, how is it possible for rental property investors to survive? If many of your tenants stop paying, how can you afford all of your mortgage payments?
Maybe this goes back to the screening process and making sure that you have good tenants that will always make their payments, but I feel that there is still a chance they won’t.
Thank you in advance for any knowledge you can pass along to a newbie like me!