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Landlord Out $24k In Back Rent Due To Eviction Moratorium, While Tenants Buying Boats

Landlord Out k In Back Rent Due To Eviction Moratorium, While Tenants Buying Boats

boatA landlord in North Carolina is frustrated that the eviction moratorium has not only cost him over $ 24k in unpaid rent, but he has also watched as one of his tenants bought three boats.  FOX News is reporting that the landlord (who owns 35 properties) has not only been forced to maintain his properties but even had to repair an air conditioner ($ 4,500) at the residence of the same tenant who purchased the watercraft. And, as has been previously reported on this site, of the $ 46 billion made available to the Emergency Rental Assistance Program, less than $ 3 billion has been spent.  Indeed…

“[The money] was used, they went and bought brand new boats, but I mean, you know in a time of crisis like what we’ve been through, you’re evidently getting money from somewhere, but it’s not getting to me,” said Shoup.

“It goes way beyond the loss of rental income, we’re still bound by county rules and laws,” added Shoup. “We have to maintain the property.”

Click here to read the full story at FOX News.

 

The post Landlord Out $ 24k In Back Rent Due To Eviction Moratorium, While Tenants Buying Boats appeared first on Real Estate Investing Today.

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