Think landlords are rich? Think they can handle a “rent strike?” Think again.
Of course in many places where people aren’t paying rent it is because they CAN’T pay rent. It’s not really a “strike.” It’s very tough times.
But lost in this discussion have been the small time property owners. The people who are now left holding much of the bag.
Nearly a third of renters who live in single-family or small multifamily properties owned by individual landlords were unable to pay their August rent, according to a survey by Avail, a technology and marketing platform for small landlords. That is up from just under 25% in July.
This article was originally posted here: https://www.ac2news.com/2020/08/think-landlords-are-rich-think-they-can-handle-a-rent-strike-think-again/.