I was thinking about how covid has impacted our society. It is my believe that bigger businesses have been able to ride out the economic impact of the pandemic far better than smaller businesses have.

Take a small mom and pop restaurant operator not having the financial resources to implement all the changes that a franchise might be able to do. My small local diner is just glad to keep the lights on where a place like Chick-Fil A is thriving. In both cases, the workers there are under a great deal of stress.

So to take this back to the rental industry, in your opinion....who is going to make out better due to the Covid industry shake up?

Will it be smaller operators (someone with a handful of units) who can reach out to the folks who are stressed or will it be the larger operators (with 50 or more) with the financial resources to draw on but not necessarily the ability to reach out and be personalized?

Either way, I would be expecting some take over opportunities in the multi-family side of the industry. I am wondering who I should be targeting with my marketing in 2021?

As far a non-REI businesses, of course the big boys will thrive while the Ma and Pa shops will close. I'm not a conspiracy theorist, but the way these shut downs went should have been obvious to anyone that smaller businesses with less reserves and less ability to automate and turn to contactless delivery were going to be hit hard. The Govt's puny PPP loans only covered 2 months originally, and although it has been extended all that means is small business owners took on mounds of debt that (might) be forgiven in the future, but it still took the wind out of their sales, threw them off course, etc, and in exchange they basically got 2 - 3 months worth of salaries and a few other expenses covered. No profit margins, no advertising, no growth. Meanwhile businesses like Lowes and Home Depot racked in profits as people stayed home and did stuff. They were deemed "essential". Gotta have that new deck after all. *wink Govt picking winners and losers.

As far as REI, I don't know. The average LL in the USA owns 3 or fewer units. If that is their retirement income, they're going to starve. If it's supplementary like it is for me, it's not as big of a deal. I've actually made record profits as we had very well selected tenants and all but one have paid rent as agreed, on time. The few move-outs I've had have been quickly rented for 10-15% higher rent and to better quality candidates. One unit went from $450 to $575. Another from $600 to $710. Several others I don't recall off the top of my head now, but my general rule was for a vacancy add 10%.

And two of these new residents are bi-weekly payers taking over units that were monthly payers, so add the 8.3% on top of the +10%.

Big boys who are undercapitalized will probably suffer. The recent webinar from Anthony Chara (hosted by Mr. LL) indicates that we will probably start to see fall out in 2021 as eviction moratoriums continue to plague larger operators. Think about it: if you're mostly SFHs like mine, tenants don't talk because they can't. But if you own a 20 unit building and one tenant start bragging about how they aren't paying rent, what do you think will happen to the others? Eventually, a few of them will feel like they're getting "cheated" by the LL still expecting them to pay rent and late fees.

I'm keeping my reserves flush and also expanding my contacts of money partners. I'm planning to scoop some deals in 2021.

Commercial is going strong. My mini-storage facility is at 98% rented capacity and my workshop/warehouses are at 100%. I'm turning people away every week asking if I have space. At my existing facility, rents went up $100 per unit in October at six of my units and should have probably gone +$200 each. The other six shop/warehouse units we're closing on at the end of Nov that were vacant when we put it under contract in Sept are renting $200 - $300 higher than a year ago under the current owner's outdated leasing prices. They gave us permission to lease while under contract. $700 rents are now $900. $875 rents are now $1200. The place would've cash flowed at the old rates, and the fact that we boosted income by around $1600 makes this one a great deal!

As long as Mr. B doesn't lose control of the D party and let the socialists take over, this should be one of the biggest opportunities of our lifetimes. I wasn't ready to take advantage in 2008. This time, I am.

Small landlords who are mortgage free will get through it OK... unless the government goes one step further and not only gives the free rent but also gives the building to the tenants.

Some politician somewhere, I can't remember who, has already made the proposal that tenants be given 10% ownership of their unit.

If tenants are given the real estate, no one is going to come out of this OK.

Agree, NE. Who knows where the chips will fall.

Always buy if the price is right.

Sell if it makes sense.

Tenants are still being evicted.

Houses and apartments are still being rented.

Deals are being made.

Sid, increased his rent 10% - 15% and in some cases $100.00 or more.

Low interest rates for home owners 2.5%

Moderna, just came out with a vaccine that is 94% effective. Flue vaccine is 40% to 60% effective.

Just got back from the world Quarter horse show in Ok City and they took your temperature before entering the building.

I've been able to raise rents too which should increase the value.

Not believing there will be blood in the streets like 06.

There were deals I thought were to high in 2012 but today were steals, it's just where the market price was at the time in 2012 and where the price is today.

If the tenant gets 10% ownership then that's the end of the line. No evictions, hard time collecting rent since they're an owner, but they'll also be liable.

I would also say that it depends on who has reserves or not and who has dept or not.

But, how do you find out who that is ahead of time?

I am only try to develop a mailer list set up. I will be targeting out of state MFH owners who have owned for at least 5 years.

There will be twice as many people to die of heart disease than Covid in 2020. It will also be close to double the number of folks who will die of cancer in 2020.

So the great tragedy that you are electing to pick on in 2020 isn't the number one killer in the US. It does seem that way if watch TV........no one dies of cancer seems to make the nightly news. A talk show reject from 30 years ago gets Covid and the crowd starts chanting Jerry Jerry Jerry.

It makes for good ratings.

Yes Covid is serious - but any given year we will lose 20,000 to 50,000 the flu. When less than 1,000 people had died we had a national emergency so perhaps we need an annual national emergency for the flu. We can make random rules and laws like people from Ohio should be subject to ____________. That is exactly what is going on. Each Gov is running with the football that they have been given.

The Rep leader elected to us a demo approach and shifted the responsibility to each state. That was a shift in how the Rep party operates under a strong level of federal over site. The Demo party won saying that a strong federal standard is needed.......

Then there are folks foolish enough to wine that they (who ever they are) are correct and the other side is wrong. Truth is both side have it wrong........and neither side can play well with the other.

So JAC since this is such a tragedy, please send your donation to the Covid relief project of your choice. It would be great to hear what you support instead of you telling everyone that they are wrong.

You might just be able to convince me of a worthy cause and I will chip in with you.

It's the 6 D's of opportunity: death, disease, divorce, depression, drugs, & disaster.

Indeed a failure. The current person in office instead of used the approach advocated by the Democrt party since the civil war........be advocate for states rights to decide.

The irony in this is the Democrt won by saying that wasn't right is following that platform.....instead he is wanting to create stringer federal mandates - something that the Repblcan party pursues.

So if the Dems are acting like Reps, and Repub act like democrts.........shame on anyone who voted straight party as you voted for the opposite party platform.

But the people have spoke and the people should expect to get what they have voted for.

Indeed a failure. The current person in office instead of used the approach advocated by the Democrt party since the civil war........be advocate for states rights to decide.

The irony in this is the Democrt won by saying that wasn't right is following that platform.....instead he is wanting to create stringer federal mandates - something that the Repblcan party pursues.

So if the Dems are acting like Reps, and Repub act like democrts.........shame on anyone who voted straight party as you voted for the opposite party platform.

But the people have spoke and the people should expect to get what they have voted for.

I don't see T as failing.

Anyone that can remove enough regulations to give pharm companies the ability to create and distribute both cures and vaccines in less than one year is hardly a failure. Normal time is 3 years.

Anyone that can quickly resupply m a s k s, v e n t i l a t o r s, and badly needed supplies by working with industry to gear up production is hardly a failure.

Anyone that can build e m e r g e n c y hospitals and retrofit hospital ships in a timely manner whether they were needed or not is hardly a failure.

And anyone that didn't use the opportunity to gain power, but let states decide what was best for them is acting constitutionally. And not overstepping their authority is not failure.

The failures came from Dem govs and mayors. Gov C u o m o killed over 20,000 elderly when he mandated that infected elderly be moved back into nursing homes and those contaminated contaminated and killed all those people.

When compared to other countries, we did pretty good. But, because we're testing more than any country, we're finding more. But reporting infections isn't the same as reporting deaths. And not all infections result in any severe sickness. But hey, infections make news and can be manipulated to influence elections.