Although it has only been less than a month since the new President has taken office, things have already been moving fairly rapidly in terms ofTrump Administration keeping many of its campaign promises – a number of which have to do with getting the United States economy moving forward more quickly than it has over the past decade or so.
One of the key areas of President Trump’s plans has to do with doing away with the Dodd-Frank Act. This Act, which was passed in 2010 following the U.S. economic recession, put a much tighter hold on financial and mortgage lending regulations – and in turn, it has been blamed for fewer real estate investment transaction taking place since that time.
While it is still too early to tell what will happen going forward with President Trump at the helm – especially due to the fact that the U.S. has never had a president quite like him in the past – there are many in the real estate arena who feel that Mr. Trump’s plans may result in fewer regulations going forward, in turn, allowing more non-traditional mortgage lenders to enter (or re-enter) the real estate lending market.
Should that be the case, it is possible that investors in residential real estate may see an increase in holdings – which can also lead to more time being spent managing properties and tenants.
If this is the case, it can often be a smart move to hire an experienced property management team that can take care of maintenance issues, as well as the collection of rent and managing tenants. For more details on how working with a property manager on your properties can allow you to free up your time for other endeavors, Contact Us.