Los Angeles: COVID Eviction Moratoriums Exposed the Whole Problem

[James Wise]

Los Angeles: COVID Eviction Moratoriums Exposed the Whole Problem

Los Angeles investors already had one of the most expensive housing markets in America, but the COVID eviction moratoriums exposed the real problem: you can pay insane prices for rental property and still have very little control when tenants stop paying. High purchase prices, weak cash flow, tenant-friendly laws, and government interference make LA a brutal place to be a landlord. Smart California investors are starting to realize they don’t need to keep playing that game. There are out-of-state markets where property rights still matter, evictions actually happen, and rental properties can still produce real cash flow.