October 7, 2025

Landlord Exodus Begins — But It’s More of a Trickle Than a Flood

Landlord Exodus Begins — But It’s More of a Trickle Than a Flood

The much-talked-about “landlord exodus” is indeed happening, but the numbers suggest it’s far from dramatic. The total of unincorporated landlords declaring rental income has slipped from a peak of 2.89 million to 2.86 million. However, as this data is based on tax returns — which lag behind real-time trends — the pace could still accelerate.