With tenants who won’t pay or leave, small landlords face struggles of their own

Things didn’t go as planned. Collins, 61, said one of her tenants has largely abandoned Collins’s condo for another home and purchased a new automobile but refuses to either pay rent or leave Collins’s property, even changing the locks so Collins could not access it.

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Collins has attempted to evict the tenant but said she has so far been unsuccessful. She is back waiting tables now but said she is trying to sell two of the condos.

“My stomach just starts just churning talking about it. I’m nervous, I’m like a deer in the headlights,” she said. “I am in over my head and I just want to be done with it.”…

Redfin senior economist Sheharyar Bokhari said small landlords who are struggling to keep up should at least be able to find buyers for their properties. In the second quarter alone, investors — rather than traditional home buyers — dropped a record $48.5 billion to acquire 67,943 homes, the highest quarterly figure on record, according to a recent Redfin report. Investors bought 1 in 6 homes sold in the second quarter, up from a typical 1 in 10.

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