Suffering Landlords Are Washington’s New Eviction Problem

Washington’s pandemic response is battering the finances of independent landlords, most of whom haven’t received federal rental aid designed to keep them whole during a nearly year-long eviction ban that has forced some property owners to house tenants for free.

The distress is acute for so-called mom-and-pop landlords — those who own fewer than 10 properties, which typically have between one and four units. They supply about half the housing stock in the country, and they’re more likely than corporate property managers to have lower-income tenants who’ve fallen behind on their rent as a result of Covid-19. About 30 percent have household incomes below $90,000 a year.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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