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Tuesday, May 7, 2024

Eviction crisis sparks concerns amoung landlords

Credit: WEVV
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Eviction crisis sparks concerns amoung landlords
Eviction crisis sparks concerns amoung landlords
Nearly 260,000 Indiana renters could be affected by the COVID-19 rental crisis.

Tonight at six --- the rising cases-- aren't the only numbers that have people across the tri- state worried.

Courts are bracing for a flurry of evictions.

This comes as - the extra unemployment benefits --- are running dry.

Reporter tyler druin has a look at how this could all send a shock wave through the tri-state.

"i only get $782 a month to live off of because i get is ssi, i get $194 a month in food stamps, i got a gallon zip loc baggie in medicine, now i have to try and find a place to live in for $782 a month, and thats very difficult to do!

Dave hueppchen has been renting for years - after spending 25 years living on the streets - the disabled man - is now renting a room - after he recently moved from a home he was renting in the tri-state - "its a mess, we are going through hard times right now, people don't have jobs, people like me are on a fixed income" xxx says he spent months going back and fourth with his previous landlord regarding his rights- the man not knowing what to do - voluntarily moved - with just a few dollars in his pocket - like renters - landlords still owe the banks their monthly payment.

Evan manship has about two dozen residential homes and apartments all over indiana- "for everyone unit of help we landlords have revived from the state, federal government, whatever there have been 10,20,30 units of help in favor of the tenants."

According to a survey conducted by apartmentlist.co m- they've concluded - one out of five landlords will not be able to pay their mortgage come august.

"when a tenant has an obligation to pay rent to a landlord 9 times out of 10 that landlord has an obligation to pay the bank."

According to prosperity indiana - a statewide organization working to strengthen hoosier communities- nearly 260,000 indiana renters will be affected by the covid-19 housing crisis- evansville attorney jonathan danks represents clients who fell victim to the pandemic - "gov holcomb signed an executive order that protects indiana renters through august 5th, congress is looking at protecting all renters nationwide potentially through the first of the year" if the eviction moratorium is extended, analysts predict massive defaults on property loans.

Meaning cities will take a huge loss in property tax revenue funding our community infrastructure and schools- inflating the rental market as landlords pass the buck to the consumer- "higher rents, multiple months in security deposits, you name it.

Just different ways the investor can protect themselves."

In evansville, tyler druin 44news.

Tonight at six

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