Small “mom and pop” landlords, often defined as landlords who own or manager fewer than 20 units, reported lower rent collections in 2020, with 25 percent of them borrowing money to cover operating costs, according to a survey by The National Association of Hispanic Real Estate Professionals and UC Berkley’s Terner Center for Housing Innovation.

In the survey, about 58 percent owned or managed 1-4 units, and 25 percent owned or managed 5 to 19 units. The majority of respondents were in California, Texas and Illinois. About 67 percent of these landlords perceived their rental properties as a source of retirement income.

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Pearl Wu

Pearl Wu is the editorial Recognition Desk Manager at ALM Media.

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