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Updated over 5 years ago on . Most recent reply

User Stats

99
Posts
53
Votes
David Mathews
  • Lake Charles, LA
53
Votes |
99
Posts

Tenant Income Diversification

David Mathews
  • Lake Charles, LA
Posted

By now it is likely most of us have been affected financially by the whole Covid-19 pandemic. I currently have a teacher in one unit, retirees in 2 units, and construction workers in a few units. So far so good. No missed rent payments through all of this but it got me to thinking. What if my tenant base was all in the service industry? Or all in some type of profession that is deemed "nonessential"? I am curious your thoughts on selecting future tenants based upon their occupation? Diversifying if you will... Is that possibly something to strive for in the future? Would it be discrimination to do so?

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