Real Estate

Small landlords dip into savings as their tenants struggle to pay rent

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Banners against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC on August 9, 2020.

Eric Baradat | AFP | Getty Images

 More renters are unable to make their monthly payments, and that is having an outsized impact on the nation’s “mom and pop” landlords.

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. Avail received responses from 2,225 landlords and almost 3,000 renters.

The main reason for their inability to…



Source cnbc.com

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