As some tenants struggle to pay rent, landlords try to manage mortgage payments
As some tenants struggle to pay rent, landlords try to manage mortgage payments
Some tenants are struggling to pay their rent as they lose income because of COVID-19. That spells trouble for some small landlords and property owners who rely on rent to pay their mortgage and other expenses.
In California, Gov. Gavin Newsom has halted evictions until 90 days after he declares an end to the current emergency, and has said that many banks have agreed to provide mortgage relief for those who can show financial hardship related to COVID-19. But some homeowners see forbearance as only a temporary solution.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
