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.
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