BiggerPockets Daily The Rise of Reluctant Landlords and How It's Shaping Real Estate
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Mar 2, 2025 RTO mandates are turning homeowners into reluctant landlords, as job changes prompt unexpected rentals. Many are stuck in a market where selling doesn't add up financially. New landlords are struggling with high mortgage rates and property management challenges. The evolving real estate landscape sees increased home inventory and fluctuating prices, raising concerns for sellers. As remote work grows, retaining rental properties might be more beneficial than divesting. This shift is reshaping the future of real estate investment.
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Reluctant Landlords
- Return-to-office (RTO) mandates are creating "reluctant landlords."
- Homeowners, forced by job changes and high rates, rent out properties they never intended to.
RTO and Productivity
- Matt Meir believes RTO policies stem from corporate America's view on productivity.
- He argues in-person work, while not always maximizing hours, fosters better team cohesion.
Sell or Rent?
- Homeowners facing RTO have two choices: sell or rent.
- Selling is often difficult due to the "lock-in effect" of low mortgage rates.