Landlords being Squeezed Between Tenants and Lenders

With federal assistance ended, landlords are likely to exhaust savings and fall into debt themselves. 

This article, from the Associated Press provides context: 

Shad Elia, who owns 24 single-family apartment units in the Boston area. He says government stimulus benefits allowed his hard-hit tenants to continue to pay the rent. But now that the aid has expired, with Congress unlikely to pass a new package before Election Day, they are falling behind

“We still have a mortgage. We still have expenses on these properties,” he said. “But there comes a point where we will exhaust whatever reserves we have. At some point, we will fall behind on our payments. They can’t expect landlords to provide subsidized housing.”

Read the full article.