BiggerPockets Real Estate Podcast 619: BiggerNews June: Why "DIY Landlords" Will Win in a Recession w/Laurence Jankelow
Jun 7, 2022
Laurence Jankelow, co-founder of Avail and VP of rentals at realtor.com, shares expert insights on the evolving landscape of DIY landlording amid inflation. He discusses the connection between rising costs and tenant rent struggles. Laurence highlights the current market trends, emphasizing the need for innovative strategies for small landlords. The conversation covers how a potential recession could impact landlords and tenants, and offers practical advice for managing properties effectively in uncertain economic times.
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Laurence's Real Estate Journey
- Laurence Jankelow, co-founder of Avail, started with a three-unit property in Chicago in 2010.
- He found managing his property alongside his investment banking job challenging, leading him to create Avail.
Rental Market Shift
- The rental market dynamics have shifted significantly since 2010, favoring landlords due to increased demand and limited inventory.
- Technology adoption has also risen, with online rent collection and property management software becoming more common.
Challenges for Real Estate Investors
- Finding profitable deals will be challenging due to rising prices and interest rates.
- Prepare for potential difficulties in liquidating properties if needed.
