Landlords Aren’t the Problem—This Is

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Landlords Aren’t the Problem—This Is

Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes

Landlords Aren’t the Problem—This Is

Everyone loves blaming landlords, but the real issue is simple—people not paying their rent. If you stop paying for your car, it gets repossessed. Stop paying your mortgage, the bank takes the house. But somehow when tenants don’t pay rent, landlords are painted as the bad guy for enforcing the lease. That mindset is exactly why more investors are leaving tenant-friendly markets like New York and California and moving into landlord-friendly markets like Cleveland, Ohio, Detroit, Michigan, and Memphis, Tennessee where the rules actually make sense. If you want to build real cash flow, you need to understand this reality and invest accordingly.

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
6mo
Quote from @Bryce Fairburn:
Sorry to say this, but I would not call Michigan a ‘landlord friendly’ state.

Michigan is in the middle, if not a bit more landlord-friendly than tenant-friendly.

See this reply in the discussion

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  • Lender · Lake City, MI · Member since 2019 · 118 posts · 42 votes
    6mo
    Sorry to say this, but I would not call Michigan a ‘landlord friendly’ state.
    • Drew SygitBusiness Member
      Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
      6mo
      Quote from @Bryce Fairburn:
      Sorry to say this, but I would not call Michigan a ‘landlord friendly’ state.

      Michigan is in the middle, if not a bit more landlord-friendly than tenant-friendly.

    • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
      6mo
      Quote from @Drew Sygit:
      Quote from @Bryce Fairburn:
      Sorry to say this, but I would not call Michigan a ‘landlord friendly’ state.

      Michigan is in the middle, if not a bit more landlord-friendly than tenant-friendly.


       It's a spectrum. Sure, Michigan ain't Arkansas, although i'm pretty sure you're allowed to shoot your tenant in Arkansas if they miss a rent payment. But compare Michigan to California, and it's the most landlord friendly place in the world.

    • Drew SygitBusiness Member
      Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
      6mo
      Quote from @James Wise:
      Quote from @Drew Sygit:
      Quote from @Bryce Fairburn:
      Sorry to say this, but I would not call Michigan a ‘landlord friendly’ state.

      Michigan is in the middle, if not a bit more landlord-friendly than tenant-friendly.


       It's a spectrum. Sure, Michigan ain't Arkansas, although i'm pretty sure you're allowed to shoot your tenant in Arkansas if they miss a rent payment. But compare Michigan to California, and it's the most landlord friendly place in the world.


       or New York!

    • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
      6mo
      Quote from @Drew Sygit:
      Quote from @James Wise:
      Quote from @Drew Sygit:
      Quote from @Bryce Fairburn:
      Sorry to say this, but I would not call Michigan a ‘landlord friendly’ state.

      Michigan is in the middle, if not a bit more landlord-friendly than tenant-friendly.


       It's a spectrum. Sure, Michigan ain't Arkansas, although i'm pretty sure you're allowed to shoot your tenant in Arkansas if they miss a rent payment. But compare Michigan to California, and it's the most landlord friendly place in the world.


       or New York!


       I'd rather hire Tiger Woods as my Uber Driver than be a landlord in New York City.

  • Lender · Lake City, MI · Member since 2019 · 118 posts · 42 votes
    6mo

    I agree it is a spectrum.  

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