Eviction bans taking a bite out of landlords’ bottom line

Real estate agent Adam Bray-Ali hopes to retire someday off the income from his small portfolio of triplexes and four-plexes.
But lately, his side job as a landlord isn’t going so well.
Tenants in three of his 20 units stopped paying rent after the coronavirus pandemic hit in March. One tenant moved out owing $6,000. Now Bray-Ali is losing money on two of his five buildings, and he’s thinking about selling one of them. Thanks to forbearance, he’s been able to skip some mortgage