Nevada renters struggling to make their rent payments due to Covid-19 received good news recently when Governor Sisolak signed another statewide eviction moratorium which pauses most residential evictions in Nevada until March 31st, 2021.
The Governor’s move came just in time for many renters who are currently facing eviction, or face the threat of eviction at the end of December when the CDC eviction ban is set to expire.
Eviction Crisis Is Paused, For Now
Even though another eviction moratorium is a good thing for renters, since it keeps them off the streets during the winter, ultimately the state is only ‘pausing’ the eviction crisis for a few more months.
Thanks to recent data from the U.S, Census Bureau, and their Household Pulse Survey, we know that close to 35 percent of renter households in Nevada have not remained current with their rent payments and are potentially facing eviction in the next two months.
With the latest eviction moratorium, renters are not relieved of their obligation to pay the back rent that they owe. They will still owe the total amount due at the end of March in 2021, unless they have worked out a payment plan with their management company which splits the amount due into manageable amounts.
They are only being given a ‘reprieve’ for a few more months as the state makes its way through winter, and waits for the Covid-19 vaccine to be distributed.
Many Landlords Continue To Struggle
Throughout the Covid-19 pandemic, Governor Sisolak and most politicians in Nevada have expressed optimism that landlords could ‘sacrifice’ during the pandemic.
Although some landlords may have been able to navigate the Covid-19 pandemic without much of a problem, smaller ‘mom and pop’ landlords have been hardest hit.
After months of being unable to collect rent, many smaller landlords face foreclosure in 2021 unless the Federal Government is able to pass a series of emergency bills which stop foreclosures and evictions at the same time.
Contact GoldenWest Management
At GoldenWest Management we specialize in managing rental properties in Las Vegas, San Diego, and Phoenix.
Our team saves owners the time, money, and hassle of managing their properties themselves so that they can enjoy passive income from their rental properties without the hassles of property management.
To learn more about the property management services that we can offer you, contact us today by calling (866) 545-5303 or connect with us online.
The new Nevada eviction moratorium does apply to all renters automatically, with exceptions for those being evicted for violence/breach of contract/etc.