Tenants owe $17,000 in rent; Landlord sells for $70,000 loss
I expect to see more of these in the near future. The COVID moratorium is one of the worst actions taken in my investing history and will cause a lot of Landlords to walk away, file for bankruptcy, and more. As the gentleman states in the video, nobody else is being required to provide goods or services for free; only Landlords. Tenants are going to get so far behind on rent that they won't possibly be able to keep up.
I bet that Ford pickup in the driveway could have been sold to pay at least half of what they owe.
