Since the start of the Covid-19 pandemic in March 2020, renters in the United States have been protected from eviction thanks to the Center for Disease Control and Prevention's eviction moratorium, which is part of the Cares Act.
With the current Federal Eviction Moratorium slated to come to an end on March 31st, it's understandable that some renters are wondering what's going to happen next?
This article will answer this question and provide you with insight into what the end of the Federal Eviction Moratorium means for renters in San Diego, Phoenix, and Las Vegas.
The Federal Eviction Moratorium is set to expire on March 31st, 2021. Many states have been attempting to classify the moratorium as unconstitutional in an attempt to strike it down. It's not looking likely the moratorium will be extended again.
This prediction is good news for landlords, especially smaller 'mom & pop' landlords who have been struggling with staying afloat financially during the eviction moratorium, but what does it mean for renters?
In some states, renters are still protected, even if the federal moratorium concludes. California, for example, has a statewide ban on evictions through June 30th, 2021. Renters in states like Arizona, with no statewide protections, can expect eviction notices to start rolling out for unpaid rent.
Thankfully, money is flowing to both landlords and tenants as part of President Biden's recent $1.9 trillion stimulus package. The tricky part is getting that money into people's hands in time for them to delay eviction or foreclosure.
The good news is that lawmakers nationwide are eager to assist both landlords and tenants in 2021. It's easy to see that everyone is hurting after dealing with the economic disaster from Covid-19.
With summer 2021 around the corner, this summer will likely be one to remember as everyone is eager to get back on track financially, plus back to normal, following the havoc of Covid-19 in the United States.
At GoldenWest Management, we specialize in local property management for San Diego, Las Vegas, and Phoenix.
If you own rental properties and want professional management for your rental properties, contact us today by calling (866) 545-5303 or click here to connect with us online.
Be sure to check out our previous blog post too!
