ACTION Apartment Association - Few Tenants Fail to Pay April Rent, Landlords Fear Numbers Will Rapidly Grow

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Few Tenants Fail to Pay April Rent, Landlords Fear Numbers Will Rapidly Grow

Few Tenants Fail to Pay April Rent, Landlords Fear Numbers Will Rapidly Grow

04/08/2020 7:58 AM | Margaret Fulton (Administrator)

Santa Monica landlords fear the trickle of tenants who who failed to pay their April rent due to the economic fallout of the coronavirus crackdown could swell in coming months, straining their finances.

Landlords and property managers interviewed by The Lookout reported that few tenants so far have invoked a City moratorium on evictions for nonpayment of rent during the health emergency.

Wes Wellman, a Realtor and leader of ACTION Apartment Association, which represents several hundred small Santa Monica landlords, also said few tenants have failed to pay their April rent but that those numbers will likely grow.