Invitation Homes, the largest provider of single-family homes for rent in the U.S., reported that 2020 was its most profitable year ever, despite the coronavirus pandemic.
Furthermore, despite the implementation of a federal eviction moratorium to prevent large rental companies from kicking out tenants amid the pandemic, a study says that Invitation Homes still filed at least 550 evictions in 2020. Some of the largest rental companies in the U.S. reported profitable years amid the pandemic, despite tenants struggling to pay rent. Here, tenant rights activists hold a demonstration outside the home of New York State Senator Brian Kavanagh to protest what they claim to be inadequate legislative relief for renters during the COVID-19 pandemic and to call for the cancellation of rent, February 28, 2021 in the East Village neighborhood of New York City.
"Whether you believe the eviction moratorium is good policy or not, it has created significant uncertainty in the rental market," NRHC's David Howard said, CBS reported."It has been a difficult time for landlords."
Of course they did - people didn't want to live in multi-unit apartments, nor did they want to pay exorbitant prices for tiny city apartments that resembled prisons, during lockdown. Good luck was theirs for having the right service at the right time.