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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

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.
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.
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.
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.
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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