landlords
New Relief Program for NY Landlords
Last month, New York Gov. Kathy Hochul extended the state’s eviction moratorium, preventing landlords from removing tenants who don’t pay rent. To help compensate the landlords for their financial losses, Hochul on Thursday announced an additional $125 million in rent relief for landlords who couldn’t qualify for the state’s Emergency Rental Assistance program.
Mom-and-Pop Landlords Want an End to Eviction Moratorium
Illinois’ mom-and-pop landlords say the end of the eviction moratorium that was put in place to protect people who lost their jobs or got sick during the COVID-19 pandemic can’t come soon enough. Too many property owners are struggling with tenants who have racked up thousands of dollars in back rent balances, said Paul Arena, […]
Protracted Rent Moratorium Forcing Small Landlords Out of Business
Extended rent moratoriums and the slow distribution of billions in federal rent assistance are driving many small landlords to call it quits. “Nobody wants to become a landlord anymore,” said Diane Baird, executive director of the Lake Erie Landlord Association. “And we have very few new people entering into the business.” The Lake Erie Landlord […]
Threat of Rising Evictions Looms
The White House says it does not have the legal authority to extend the expired federal eviction ban on its own, and it’s challenging landlords to hold off on evictions for the next 30 days. But is it enough to convince landlords who are also struggling?
Eviction Freeze: Big Problem for Landlords
The federal government’s eviction moratorium is hurting some mom and pop landlords. A small number of tenants are abusing moratoriums by choosing to withhold rent payments without claiming CCP (Chinese Communist Party) virus-related hardships, some landlord groups have said. We spoke with Michael Glasser, the president of the Neighborhood Building Owners Alliance. […]
A Tenant Decapitated His Landlord With a Sword Over a Rent Dispute: Police
A Connecticut man decapitated his landlord with a sword after being told he had to move out because of overdue rent, Hartford police say. The Hartford Police Department responded to a 911 call Saturday morning from the landlord, Victor King, who said that his roommate Jerry Thompson, 42, had been “waving a sword at him […]
Major Landlords Consider Leaving New York As Rent Control Laws Kick In
Some of New York’s most prolific builders are leaving Manhattan and turning to other markets such as Colorado, Utah, and Florida, due to New York’s climbing tax rates and increasing regulations. An owner of several properties in Manhattan told Crain’s Business Magazine that they are now prioritizing their investments in Miami and that their “outlook […]