Rental Market in NYC 5 Boroughs
Does anyone think it's "safe" right now to buy and rent out a 2 family house if it could be gotten for a decent price? I have only asked a couple of other landlords in my own neighborhood.. and so far, the sentiment is that they are scared that another shutdown and suspension for rent payments is inevitable. However, when I asked if their tenants have stopped paying at any time due to this, they both said no. I currently own a 2 family and live in one unit.. my tenant is a city employee and has job security. Buying and renting a new house with 2 apartments to new tenants seems scary to these guys during such uncertain times.. are their fears justified?