As a Columbus-area housing provider (landlord) like you, my wife and I have experienced many ups and downs over the past 20 years. We’ve had our fair share of difficult residents, torn-up properties and expensive evictions. But our greatest hardship happened during the real estate crash of 2008 when we lost over 30 rental properties to foreclosure in 36 months. We survived those tough years, rebuilt our business one house at a time and had hope for the future. Then the world abruptly changed again in 2020.
The pandemic crisis that began in March, 2020 forced many residents out of jobs and into financial uncertainty. The government soon banned evictions and even collecting rent from residents who couldn’t pay due to COVID-19. Eviction moratoriums and rent forbearance mandates have cost billions of dollars in lost rent and driven many housing providers to the brink of bankruptcy or out of business altogether. Today’s destructive mix of a housing shortage and runaway inflation has caused a low rental unit supply, increased evictions among the working poor and housing insecurity for the most vulnerable.
Unfortunately, no guidebook existed in 2008 to help me cope with a major real estate collapse. Today, landlords everywhere are facing new and even greater problems due to the ongoing pandemic and government overreach. While looking for answers to my issues, I began writing From Landlord to Housing Provider: How to Thrive in a Post-Pandemic World to help other struggling landlords. To expand on my own research and 20 years of experience, I also consulted with real estate attorneys, housing agencies, government officials and housing providers across the US to find solutions. My book is a brutally honest wake-up call that exposes current and future threats to the rental property industry and serves as a valuable reference guide jam-packed with ideas, strategies and resources to help you navigate these unpredictable times, assist your residents, protect your bottom line and prepare for what’s coming next.