Extended rent moratoriums and the slow distribution of billions in federal rent assistance are driving many small landlords to call it quits. “Nobody wants to become a landlord anymore,” said Diane Baird, executive director of the Lake Erie Landlord Association, which represents landlords in northern Ohio, southern Michigan, and western Pennsylvania. “And we have very few new people entering into the business.” “Multiple landlords have told me they are selling out,” Jon Frickensmith, president of the South Wisconsin Landlord Association, told The Epoch Times. “They ask us how to get out of the business and how to get the tenants out of their houses. These are mom-and-pop operators, the kind of landlords that are willing to take tenants with bad credit or a criminal history. This will only add to the housing crisis.” The vast majority of landlords in the United States are individuals, with most owning one or two rental houses. …
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