Should baby boomers be the new focus for landlords and apartment owners? An article by Tim Blackwell discusses the reasons why baby boomers should be considered.
With baby boomers leading the charge in the downsizing of America, there are new opportunities for landlords. Blackwell believes that baby boomers are more responsible than the younger renters as they’ve already raised their children, have a steady income, will not create problems, and will probably take out renter’s insurance. According to an IBISWorld study, baby boomers are more likely to hold property and casualty insurance. Another reason why baby boomers should be taken into consideration is the percentage of people over 65 and 75. Research shows that 60% of renter household growth comes from people ages 55 and older. Baby boomers are also living longer – the average life expectancy for a 65-year-old is another 18-20 years.
Read full article here: https://www.propertymanagementinsider.com/benefits-renting-baby-boomers
