Eviction Ban: Coronavirus Squatters in Short-Term Rentals

Published: May 22, 2020, 3:59 a.m.

While many short-term rental owners can\u2019t attract guests right now, others can\u2019t get rid of them. There\u2019s word that wealthy guests are squatting in fancy summer rentals because of the coronavirus ban on evictions. That\u2019s putting owners in a tough spot. There\u2019s word that property owners are worried they could miss out on the summer tourist season. \xa0 It\u2019s 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\u2019t afford to pay the rent, or to move anywhere else. And these are not cheap places or low-income guests. \xa0 www.NewsForInvestors.com