Here's how the eviction crisis will impact each state.

[melman]

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[gristy]

1. holy shit

[Midnight Writer]

2. Landlords should have the sense to make arrangements with their tenants.

If they kick someone out, they have an empty unit, which cost them to maintain and would be hard to sell in this environment.

It's not like they will be able to lease it to someone else when nobody has money.

The smart thing to do would be to modify the terms and ride it out.

Of course, most rentals are now corporate, and corporations would rather lose money than cut a break for working folk.

[George II]

3. I'm sure that is what is going to happen on a large scale. As you point out, if they evict....

....they'll have empty apartments which still have the same overhead as an occupied apartment.

I heard over the weekend that in Manhattan the vacancy rate has roughly doubled since the beginning of the year (it was on the radio, so I don't have an actual source), so there's obviously not a long list of people waiting to move into one of those apartments that is empty due to eviction.

The "eviction" threat is indeed out there, but it's being exploited by some politicians far beyond it's practicality.

There will be some evictions but not nearly on the scale that the alarmist politicians are claiming.

[MineralMan]

4. Some will do the sensible thing.

Many, however, will use the opportunity to evict tenants they would prefer not to live in their buildings. Evictions will be done to clear multi-family housing of tenants who cause trouble, complain too much, or are just not "the type of people we want as tenants."

Evictions will be selective in many places. Think for a bit and you'll have a pretty good picture of the people who will be evicted.

[fescuerescue]

6. Yup.

The landlords, IF they can, will work with the people they like and not the ones they don't like. That's assuming they have the financial cushion.

Problem is the banks are pressing on the landlords as hard as the landlords are the tenants.

In many cases the banks will foreclose AND then evict then tenant.

Not good.

[MineralMan]

7. Yes. Most multi-family buildings have mortgages that must be serviced.

Once rental receipts drop below the cost of servicing those mortgages, the landlords are in big trouble. Depending on the market, they might be able to find a paying tenant to replace an evicted tenant who can't pay the rent.

The vacancy rate here in the Twin Cities of Minnesota is at historic lows, which means that the early bird, who evicts people as soon as possible will probably find a paying tenant as a replacement. That, however, can change quickly if too many people are evicted in the same area.

It's a big gamble for landlords, but owning rental properties is always a big gamble.

[Amishman]

8. I work for a bank, we're working with our customers

While am in IT and am not involved directly, I'm told the real pressure facing landlords is PA's hefty property taxes which are due soon.

[fescuerescue]

5. And their lenders should have the sense to make arrangements with their landlords

In this crisis, the landlords and tenants are both in near equal jeopardy.

If the banks fail to be reasonable, the impact just runs downhill, ruining the landlord AND the tenant.