ilmscore | Are my cheap home rentals making money RIGHT NOW?

Are my cheap home rentals making money RIGHT NOW?

Published: 2020-04-23
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
A recession or economic disaster due to COVID-19 could lead to a decrease in housing stock, exacerbating existing shortages in markets like central Ohio where there's population growth and insufficient housing.
"we could see housing stock go the opposite way again which will pinch markets that the central Ohio market has been pinched in the sense that we don't have enough houses for all the people that are either immigrating or immigrating I don't even know how you say it moving from one state to another"
Real Estate Market
Pending
An economic disaster could remove housing stock from the market, and it might take nearly ten years to recover construction levels as was seen after the 2008 financial crisis.
"if a economic disaster happens housing stock will go off the market and it might not come back for a very long time it took you know almost ten years to get builders building houses again like was needed here in central Ohio"
Real Estate Market
Pending
A landlord with 123 rentals, who follows Dave Ramsey and carries zero debt, collected only 50% of his rent.
"he told us last Thursday that he had only collected 50% of his rent"
Rent Collection
Pending
A landlord with 80 rentals experienced 25-30% of March rent uncollected, raising concerns due to his $2 million debt.
"in March he had 20 of 80 tenants not pay rent which is scary it what even makes it makes it even more scary it's the fact that this individual who's one of the nicest individuals you ever meet he cares about his tenants has much nicer rentals than I do he takes better care of them than I do let's be honest he has cheaper rents on average than I do maybe he's comparable but he's a really great guy he's also in 2 million dollars worth of debt and during coronavirus I am very concerned as to where his portfolio is going to go with 20% of 2020 of his tenants it's actually like 25 to 30 percent of his rents in the month of March were not collected"
Rent Collection
Pending
Properties that went into foreclosure between 2006-2009, were held by banks, depreciated, and their condition deteriorated, rendering them 'worthless wrecks' by the time of the transcript.
"I have seen them ones that were in foreclosure back in oh six oh seven oh eight oh nine they got foreclosed on the bank has sat on them the property has depreciated and the conditions gone down and they are worthless wrecks as of today"
Housing Market
Pending