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Blue States vs Red States for Real Estate Investing | Morris Invest
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What is a landlord-friendly state, and why does it matter?
As you know, in the US, different states can have different laws on everything, and this includes the rights of landlords and tenants. These regulations are extremely localized, which is why understanding the laws before you invest is instrumental to your success.
A landlord-friendly state has legislation that favors the real estate investor. We’ll talk about a few of these key factors in a minute, but for now, just know that a landlord friendly state gives the investor more control over how they manage their real estate business.
There’s not one defining feature or metric that makes a state landlord friendly or not, and that’s why market research matters. If you fail to do this, it can ruin your experience as a landlord and turn you off to reaching your goals through real estate investing.
And while there’s not a database or definitive checklist on what makes a state landlord friendly, a good place to start is by assessing red states vs. blue states.
More often than not, a red state is going to have more landlord-friendly legislation, and less tolerance for tenants who don’t pay or try to play the system.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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