Unpaid rent is piling up. Landlords can't hold on forever

The federal eviction moratorium prevents property owners from evicting renters for non-payment of rent. This image shows Hector Medrano delivering cash to a landlord to avoid eviction from an RV park on October 07, 2020 in Phoenix, Arizona.

Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for many landlords across the US, the news came as a nightmare.

"It's important to recognize that, after 10 months of severe economic distress, job loss, and decline in rent collections, everyone is hurting," said Bob Pinnegar, president and CEO of the National Apartment Association, an industry group representing property owners.

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