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BiggerPockets Real Estate · May 13, 2026 · 33m

Would We Ever Invest in Tenant-Friendly States?

The hosts tackle the common advice to invest only in landlord-friendly states by examining whether stricter tenant protections actually coincide with better long-term returns. They compare the trade‑offs: quick evictions, no rent control, and fewer fees in landlord-friendly states versus the high appreciation seen in tenant-friendly markets like California, New York, Washington, and Hawaii. The episode covers rent control, rental licenses, and lengthy eviction timelines, and gives a framework for protecting yourself if you choose to invest in more regulated areas. The core takeaway is that investing in tenant-friendly states is possible if you master a specific skill that largely eliminates eviction risk.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Highlights

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Landlord-friendly vs. tenant-friendly states
Landlord-friendly states offer quick evictions, no rent control, and fewer licensing fees; tenant-friendly states have long eviction processes, rent control, and more regulatory requirements.
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High appreciation in tenant-friendly states can outweigh regulatory risk
Markets with strong tenant protections often deliver the highest long-term appreciation, making them potentially more profitable even with the added operating risk.
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One specific skill can eliminate eviction risk in tenant-friendly states
The hosts claim that mastering a particular tenant-related skill lets you invest in the strictest tenant-friendly states without ever facing an eviction.
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Not all “landlord-friendly” states are friendly to your bottom line
States with weak tenant protections can still yield poor investment returns due to low appreciation, weak demand, or other economic factors.
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Planning for rent control, rental licenses, and long evictions
The hosts outline practical ways to factor regulatory friction into your underwriting so it doesn’t blindside your returns.
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