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…