"Landlords are already strapped by the moratorium, thus far," says Dr. Janet Speyrer, an economist.
Speyrer says it's not getting any easier for landlords either:
"They've probably been doing things like slacking off on maintenance repairs, and improvements on the properties they have because of the moratorium."
So as properties are physically affected, landlords are forced to wait another thirty days before they can file eviction notices.
Landlords have to stick with cost cutting measures as they deal with lost revenue from residents who haven't been able to make the rent these past months of the pandemic.
"As residents can't raise the rent, landlords must defer costs and hold down expenditures," Speyrer says. "They often put off repairs, maintenance and improvements." Usually it begins with the tenants who are behind in their rent; ultimately it can spread to an entire complex or apartment blocks affected by deferred rental payments.
It's one thing that landlords are forced to hold off on evicting tenants who can't come up with back rent. It's another thing this will add to affordable housing crunch, but Economist Dr. Janet Speyrer says once tenants in arrears are finally removed housing will open up:
"They [Landlords] will have alternative tenants available if the people aren't able to come up with their past rent that was due and not paid."
It's one thing that renters who are behind on their payments could lose their homes next month, but it's equally challenging for landlords who have a responsibility to rent out apartments and can't due to the eviction moratorium.
"It sounds very dyer but landlords can only last so long with past-due rent and remembers of those who are past due are on long term unemployment who will also be losing that $300 per week."
