Are these Gov moratoriums on evictions making you rethink REI?

[Joe M.]

This isnt supposed to be a political debate...but reguardless of where you stand the fact of the matter is the government moved in rather quickly and just like that said your lease and laws dont matter with very little reguard for potential bigger picture fallout.  In my state, the Gov and AG said no evictions until July 10-thats almost 5 months potentially without rent.  This is a really slippery slope and not sure how much clearer it can be.  

I think moving forward there obviously needs to be common sense applied, you know what they say about common sense-its not common.

What Im asking you, are these moratoriums on evictions giving pause to you and REI? If so, how are you adjusting? Thoughts? Actions being taken?

[Michael Haas]

@Scott Passman - "Not even a little. Where else would you plan to invest your money where the government can't manipulate it..." Well, there's always Bitcoin :D.

Seriously though - as much as I hate the hair-brained and pandering policies Seattle City Council and other similar governing bodies, I think we as landlords tend to blow the eviction thing out of proportion. On a well managed rental with well screened tenants this should only rarely be an issue, and most tenants want to pay their rent and do not want to be evicted (even if the consequences of an eviction are becoming smaller).

So continue to invest in REI - I know I am. Take precautions - diversify your holdings geographically and by type (STR, LTR, ect) to mitigate your political risk. Just keep swimming.