MFI-Miami Blog

Soviet Era Breadlines Coming To America As 40 Million Americans Face Homelessness Due To Trump Housing Crisis The Trump Housing Crisis has arrived. Just ask Timothy Young. Two days after the  eviction moratorium in Maryland expired , Young and his family scrambled to move out of their duplex. They’d received their notice to vacate.  Young told  CNBC  that he’s applied to more than 400 jobs over the last few months. Yet, nothing has panned out. As a result, he was months behind on his rent. Young and his wife Tammy spent a whole day trying to find a shelter that would take them.  Eventually, they found one that would let Tammy and their two children spend the night. Young, the kitten and dog spent the night in a storage unit. Young fears that the state will put his kids in foster care: Read more at MFI-Miami

Judge Rules Against Landlords Challenging NY Governor Cuomo’s Eviction Moratorium NY landlords are shellshocked! A federal judge upheld the NYS eviction moratorium. Judge Colleen McMahon rejected a challenge by a group of  New York  landlords who were seeking to end Governor Andrew Cuomo’s executive order. Cuomo extended the state’s moratorium on evictions until August 20th. The  order temporarily prohibits  landlords from initiating eviction proceedings against tenants during the pandemic. The order also bans late payments or fees for missed rent payments. The moratorium also allows renters who are facing financial hardships to use their security deposit as payment. However, the renter must repay their security deposit at a later date. Three Westchester-based landlords sued Cuomo in an attempt to block his executive order. They allege the state’s measure violated their contracts, due process, and property rights under the U.S. Constitution. Read more at MFI-Miami

Small New York Landlords Are Drowning In Debt Thanks To Governor Andrew Cuomo’s COVID-19 Landlord-Tenant Policies Small New York landlords are in big trouble. They are hemorrhaging money thanks in part to Governor Andrew Cuomo. Cuomo signed an eviction moratorium as part of his executive order combating COVID-19. The executive order bars  New York landlords from evicting people  for non-payment of rent until August. As a result, landlords are paying for maintenance and repairs out of their own pocket. Now, landlords are running out of money like everything else.  Not all landlords are high-powered real-estate executives who manage hundreds of buildings. Most are smaller landlords. They own one or a handful of properties. Smaller landlords operate on slim margins. They lack the cash reserves or access to credit to weather a prolonged economic pause from the COVID-19 pandemic. Small landlords often barely eeked out a profit. Most small landlords have the costs that include ...

Mac Properties Tells Tenants Affected By COVID-19, “PAY UP OR GET THE EFF OUT!” Mac Properties is using heavy-handed tactics in Chicago during the pandemic to ensure renters pay up. The company owned by Antheus Capital also got creative with doing evictions. The company decided to do themselves after the Cook County Sheriff stopped serving them on tenants. Mac Properties is one of the few landlords still proceeding with evictions. The property management arm of Antheus Capital owns 5,000 units across Chicago. Mac Properties is beginning to anger tenants by demanding they sign  nondisclosure agreements  before discussing rent-payment plans. Despite the pandemic, Mac has not granted rent forgiveness. Instead, it has outlined a policy that includes allowing residents to pursue  “a path to lease termination”  or to move into a cheaper unit. Court records show the company filed two eviction claims in recent weeks in addition to the nine it sent in March. The ...