Mom and Pop Landlords in Danger of Going Bankrupt Without Help

Bisnow April 8, 2020 reports that 22.7 million of the 45.8 million total rental units are owned by mom-and-pop individual investors and many of these use their tenants rent to pay their property taxes and mortgages. If they don’t’ have Freddie or Fannie loans, without Federal assistance in mandating the lenders give owners some type of forbearance there could be an upcoming avalanche of foreclosures if this non-payment of rent continues too long.