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 Association represents landlords in northern Ohio, southern Michigan, and western Pennsylvania. Jon Frickensmith, president of the South Wisconsin Landlord Association, told The Epoch Times, “Multiple landlords have told me they are selling out. They ask us how to get out of the business and how to get the tenants out of their houses. These are mom-and-pop operators, the kind of landlords that are willing to take tenants with bad credit or a criminal history. This will only add to the housing crisis.” The vast majority of landlords in the United States are individuals, with most …

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