As the rental landscape shifts, landlords are encountering a growing number of non-traditional tenants, including freelancers, recent graduates, and international students. According to Statista , the U.S. workforce is projected to include 86.5 million freelancers by 2027, accounting for 50.9% of all workers. TOP 3 WAYS TO PROTECT RENTAL INCOME WHEN RENTING TO FREELANCERS, RECENT GRADUATES, AND MORE
This shift underscores the need for landlords to be prepared to accommodate renters who may not have conventional income streams or employment histories, presenting both an opportunity to expand the tenant pool and a challenge in mitigating rental income loss as a result of rent defaults.
However, with the right tools and strategies, landlords can confidently welcome these tenants while safeguarding their rental income and profits. Here are the top three ways to protect your rental income and minimize risk when renting to non- traditional tenants.
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