Landlord or Tenant Friendly area?

Question

How would I determine if a county/state was landlord or tenant-friendly? Or what jurisdiction would I be looking under, ie. state, county, township? I want to make sure the eviction process would favor the property owner and be quick for land contract/contract-owner transactions and not be looked upon as a foreclosure. I have no idea how to go about determining this.

Thanks!

Bradley Buxton · Answer

@Kelly Beck

When you are developing your strategy on where to invest you can Google the individual states that fit your investment strategy and goals. While CA is generally view as tenant friendly people are still investing there and making money.  I'm in the Rent Tahoe Nevada market and we are a landlord friendly state with low taxes. Other states are landlord friendly and have high taxes.

Bruce Woodruff · Answer

I'd just hit up your favorite search engine and see what ya get.....that usually will give you a pretty good clue.

JD Martin · Answer

In general: more liberal states are more tenant friendly, more conservative states landlord friendly. That's not hard and fast however as there are pockets - mostly in cities - that are opposite of that in every state.

Adam Bartomeo · Answer

I can tell you for fact that SWFL is Landlord friendly. We do not play games lie they do in CA or NYC.

Nathan Gesner · Answer

Check out Dave Meyers in the forums, blogs, or YouTube channel. He regularly analyzes the best markets to invest in, including how fair they treat landlords. You can also search the forums or Google for things like "best states to invest in" or "landlord friendly states" and you'll get plenty of information.

Be careful! It doesn't do any good to invest in a strong market if you don't have anyone to manage it. A bad property manager can destroy a good investment, while a good PM can save a mediocre investment. I would look for a market, then see if you can locate a solid PM. If not, look for a different market.

You can also read "Long-Distance Real Estate Investing" by David Greene. Lots of good advice.

Landlord or Tenant Friendly area?

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