Eviction Ban: Coronavirus Squatters in Short-Term Rentals

While many short-term rental owners can’t attract guests right now, others can’t get rid of them. There’s word that wealthy guests are squatting in fancy summer rentals because of the coronavirus ban on evictions. That’s putting owners in a tough spot. There’s word that property owners are worried they could miss out on the summer tourist season.   It’s not clear if this is happening in other areas, but the New York Post writes that some short-term guests in the Hamptons are refusing to leave, once their reservations have ended. Local landlords and real estate brokers say these tenants moved into their water-front accommodations before the eviction ban went into place and are now saying they can’t afford to pay the rent, or to move anywhere else. And these are not cheap places or low-income guests.   www.NewsForInvestors.com