Accidental Landlords Are Your Path for Getting Started

[Michael Carbonare]

"𝐴𝑐𝑐𝑖𝑑𝑒𝑛𝑡𝑎𝑙 𝑙𝑎𝑛𝑑𝑙𝑜𝑟𝑑𝑠 ℎ𝑎𝑣𝑒 𝑏𝑒𝑒𝑛 𝑡ℎ𝑒 𝑚𝑎𝑖𝑛 𝑑𝑟𝑖𝑣𝑒𝑟 𝑜𝑓 𝑔𝑟𝑜𝑤𝑡ℎ 𝑓𝑜𝑟 𝑜𝑢𝑟 𝑚𝑎𝑛𝑎𝑔𝑒𝑚𝑒𝑛𝑡 𝑝𝑜𝑟𝑡𝑓𝑜𝑙𝑖𝑜."

— Daniel Morgan, Managing Principal, Marterra Brokerage, Property Management & Real Estate Investment

I've been saying this for over two years.
The "𝐀𝐜𝐜𝐢𝐝𝐞𝐧𝐭𝐚𝐥 𝐋𝐚𝐧𝐝𝐥𝐨𝐫𝐝" isn't a theory. It's becoming one of the biggest trends in residential real estate.
For investors, this isn't just another statistic. It's a signal that the opportunity is shifting. 
The question is whether your investing strategy is shifting with it.

If you're new and trying to get started, these homeowners who haven't been able to sell should be on your radar.
Many newer investors overlook this trend because they're still waiting for foreclosures or motivated sellers. The Accidental Landlord may become one of the biggest sources of creative deals over the next few years.

What are you seeing in your market?

[Stuart Udis]

I wouldn't be surprised if the success rate of accidental landlords exceeds that of the new wave of investors chasing cash flow with flawed underwriting in C/D neighborhoods. The accidental landlord likely made their purchase for reasons unrelated to investing, but they still subconsciously benefited from fundamentals that many investors overlook. They bought in an area they actually wanted to live therefore likely purchased a property with higher barriers to entry, and often ended up owning better quality real estate.