#681 - Landlord out $24,000 in rent due to eviction moratorium, says tenants buying boats

A North Carolina landlord says he is out $24,000 in unpaid rent from his tenants, including one who splurged on three boats and requested a $4,500 heat pump during the pandemic.

Buddy Shoup, a property owner near Charlotte, worries that the tab will only grow following the CDC’s recent decision to extend the moratorium on rental evictions until October 3.

The suspension of evictions was first imposed by the Trump administration at the start of the coronavirus pandemic and was set to end July 31, but then it was extended another 60 days Tuesday. The new 60-day ban protects millions of renters from eviction and covers counties with substantial or high COVID-19 transmission rates.

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

https://www.dailymail.co.uk/news/article-9865711/North-Carolina-landlord-says-tenants-owe-24-000-unpaid-rent-one-just-bought-three-boats.html

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