Wait until the enhanced unemployment goes away and evictions are allowed. According to a tenant rights eviction lawyer in Boulder County, a little over 50,000 eviction cases are ready to go once the eviction moritorium is lifted and courts are re-opened in that county alone.
Property Management companies have been already using collection agencies to get past due rent owed - even before the courts open back up.
So people will get flattened. Evicted and a judgement/ court-ordered garnishment on their record.
“According to a tenant rights eviction lawyer in Boulder County, a little over 50,000 eviction cases are ready to go once the eviction moritorium is lifted and courts are re-opened in that county alone.”
That seems to me an entirely stupid thing for landlords to do. Who do they think is going to give them three months rent and move in after they kick out their current renters?
Seems to me it would be much smarter to just tell their current renters to pay extra until they catch up.
That is huge. Of course we can expect that throughout the country. It's going to be bad.