Three landlords in the Alleghany Highlands have suffered literally thousands of dollars of lost revenue from renters who refuse to pay rent.
One speaking off the record revealed that he had suffered far more than $10,000 in lost revenue by renters who refuse to pay rent because of the pandemic that motivated the federal government to mandate that landlords could not evict renters behind on their rent.
Another landlord indicated that he has suffered thousands of dollars of lost revenue while having to pay for maintenance and upkeep as well as his loan payments on his property that he was having to bear the cost of maintenance and property taxes in addition to making loan payments on his property without receiving any revenue from his renters who refuse to pay.
A third has suffered more than $15,000 in lost revenue because the renter refuses to pay, and due to government mandates concerning landlords and renters that were aimed to keep renters from being evicted during 2020 and the COVID-19 outbreak across the U.S., landlords have been robbed by rules.
Combined, the total loss of the three landlords approaches $50,000 in lost revenue. Multiply that by the thousands of landlords who have been caught in the proverbial pickle, and the total lost revenue of landlords across the nation would be in the millions of dollars if not billions.
The report that President Joe Biden’s Administration has carved out $30 million from the COVID-19 relief package to provide grants to nonprofit organizations to purchase crack pipes for kits to distribute to crack addicts has drawn a denial from White House spokesperson Jen Saki.
Landlords throughout the nation who have suffered financial distress because of the new rules that protect renters who are behind on their rent from being evicted find themselves being penalized by the government that their taxes support, leading many to wonder about the Biden Administration’s priorities.
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