“It’s going to get worse”: Resi landlords take hit on April rental income
April 9, 2020, 10:57 pm
A more significant drop next month will have devastating effects, they added. Neil Shekhter, whose companies own 2,200 apartments in Santa Monica and Los Angeles, said about 85 percent of his tenants had paid their rent as of April 7. “When you lose 15 percent of your rental revenue,” he said, landlords begin to not have enough money to pay ...