Here’s a look into how the eviction moratorium is affecting landlords.
Over the past few months, I’ve shared several videos about the eviction moratorium here in Nevada, and today I’ll redirect the focus to what landlords have been asked to do by state and federal legislators.
Essentially, they’ve asked landlords to be a part of the mobilization effort to stop the spread of COVID-19. Just like medical professionals, first responders, and grocery store workers, they’ve been asked to do this without federal and state funding. When the pandemic started, every landlord I spoke to was 100% on board with working with their tenants; they did not want them to be homeless in the middle of a pandemic. Roughly nine months later, though, these landlords are still operating without the monetary support of our state and federal government. They want to continue to provide housing for everyone and keep them safe, but they also need to be able to fix faulty heaters, leaky roofs, etc., and they’re finding it harder to do so because their resources have been exhausted.
Governor Sisolak’s latest moratorium provides some stipulations that are slightly different than the first one. The first one contained a blanket order preventing landlords from evicting anyone. This one requires that if tenants want to qualify as a “Covered Person,” they have to sign an affidavit (similar to the CDC affidavit) stating that they make less than $99,000 in a calendar year, they have no other housing options than their current residence, and that being evicted would put them at risk. The courts then have to decide whether the tenant meets these guidelines.
The moratorium also made it clear that if landlords are to file evictions frivolously, they could be sanctioned, which has deterred many of them from pursuing any evictions. Federal funding for rental assistance ended on December 31. We don’t know if there will be any more, but if there is, there will be $25 billion to go around, and landlords will be able to file for that assistance. However, we’ve been going through this process for many months already, and I’m not sure landlords can hang on any longer.
It’s a scary time for all of us, and we all want to find a solution to this problem. I’m hoping things will go smoother over the next few months if and when this federal funding comes through. In the meantime, I’m praying we can work together to combat this pandemic in a safe and economically feasible manner.
As always, if you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’d love to speak with you.