Friend of mine rented out his duplex before the pandemic and that turned into having a squatter there for almost a year paying no rent. Then the eviction mandate happened and that was another year of no rent. Keep in mind landlords usually don’t make any real money, and if you get $100 profit on a unit, you’re doing well. So he was stuck paying insurance and fees and mortgage for years while some dumb ass hobo lived it up and ruined the place.
A lot of people here started not renting out some units and instead writing the cost of the rent off as a loss on their taxes because it was easier.
Friend of mine rented out his duplex before the pandemic and that turned into having a squatter there for almost a year paying no rent. Then the eviction mandate happened and that was another year of no rent. Keep in mind landlords usually don’t make any real money, and if you get $100 profit on a unit, you’re doing well. So he was stuck paying insurance and fees and mortgage for years while some dumb ass hobo lived it up and ruined the place.
A lot of people here started not renting out some units and instead writing the cost of the rent off as a loss on their taxes because it was easier.