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Landlords Are Pushed Into Taking Risks

By Roy HoAugust 7, 2020

NY Small Landlords ( Press Release: Landlords Are Pushed Into Taking Risks NY Small Landlords conduct the July’s rent delinquency survey between 8/1 and 8/3. July rent delinquency decreased compared to May and April. However, it suffers a small increase of 2% from June’s 39% to 41%. Members of NY Small Landlords now report they have a similar level of tenants without legal immigration status (42%) as April (47%). Roy Ho of says July’s data now may reflect more workers are now returning to NYC from the pandemic exodus now that more businesses are open on site. Some landlords continue to plan to leave their vacant units vacant, albeit fewer. However, these landlords who plan not to leave their vacant unit vacant are the ones who have larger mortgage burden. Therefore, landlords with lower financial liability recognize the credit risk and decide not to take the credit risk, rather than a reflection of improvement in the risk environment of the rental market. The landlords with larger financial liability plan not to leave their vacant unit vacant simply because they cannot afford to leave them vacant and are forced to take a more aggressive risk appetite. Although the percentage of landlords who have mortgages remain almost the same in these two months, logistics regression shows that is one of two critical factors for a landlord to decide not to keep a vacant unit vacant, contrary to the conventional wisdom that a landlord should avoid or reduce risk to maintain a business profitable. With landlords taking more financial risk in the current legal risk environment imposed by the governor via moratorium which makes contracts unenforceable, a higher insurance premium due to the recent looting, a higher unemployment rate and a population reduction in NY, Roy Ho of NY Small Landlords expects an increase in foreclosure. In light of the expecting challenges facing landlords, NY Small Landlords will have a seminar on 8/9/2020 Sunday at 11am on line titled “How to Read Credit Report”. NY Small Landlords ( is an organization formed by small landlords where most are part time landlords and owners of a few investment properties.

纽约小房东( 新闻稿:房东冒险 紐約小房東(在8月1日和8月3日間進行了7月的租務調查。 與5月和4月相比,7月租金拖欠有所下降。但是,它從6月的39%增至41%,2%的小幅增長。紐約小房東的成員報告說,他們的無合法移民身份的租戶水平與4月份(47%)相似(42%)。紐約小房東的何德鄰說,無合法移民身份的租戶水平與4月份相似的數據可能反映,更多企業復工,大批工人正重返紐約。一些房東繼續計劃將他們的空置單位不招租,儘管人數更少(34%)。但是,數據顯示計劃不招租的房東是房債負擔抵的房東。因此,房債負擔抵的房東才會決定不願承擔信用風險(Credit Risk),而不是反映租賃市場風險環境有所改善。房債負擔高的房東因為他們負擔不起空置而被迫承受風險地招租。 儘管在兩個月中有房債的房東比例幾乎保持不變,但邏輯回歸(Logistics Regression)顯示這是房東決定招租的兩個關鍵因素之一,這與房東應避免或降低風險以維持盈利的傳統觀點相反。 紐約小房東何德鄰說,由於州長以暫停執行令(Moratorium)使當前法律風險高攀,使諸眾合約無法執行;搶劫使保險費增加;失業率上升;紐約州人口減少;預計法拍房會增加。鑑於房東面臨的各種挑戰,紐約小型房東將於2020年8月9日(星期日)上午11點在網上舉行“如何讀用信用報告” 講座。 纽约小房东为房东而建,由房东而成。大部分成员只有出租房一二,皆为兼职房东。

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