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Updated over 4 years ago on . Most recent reply

User Stats

185
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Brad Gibson
  • Rental Property Investor
  • Midland, TX
179
Votes |
185
Posts

Did President’s EO Just Screw Landlords Nationwide?

Brad Gibson
  • Rental Property Investor
  • Midland, TX
Posted

Did today's executive order that puts a moratorium on evictions just good and rightly screw landlords across the nation?

While he also signed an EO that extended extra UI benefits to those unemployed, it is maxed out at $400 per week and is not fully funded by the Feds. It also relies on the states to come up with a large extra contribution each week. Many governors claim they have no money to contribute and the order also doesn’t bind the states to contribute. 

Finally, there is no relief for landlords in the executive order which might provide funding in the event that tenants don’t pay and cannot be evicted. 

I’m worried about Congress’s inaction & EO’s that are clearly hostile To the rights of landlords. 

  • Brad Gibson
  • Most Popular Reply

    User Stats

    185
    Posts
    179
    Votes
    Brad Gibson
    • Rental Property Investor
    • Midland, TX
    179
    Votes |
    185
    Posts
    Brad Gibson
    • Rental Property Investor
    • Midland, TX
    Replied

    There are parts of the EO’s that are clearly unconstitutional. All spending and revenue bills are to originate in the House of Reps. 

    Plus it mandates the states pay $100 of the $400. EO’s cannot mandate spending by states or local governments so that’ll likely be ruled unconstitutional as well. 

    I don’t know about the legality of placing a moratorium on eviction proceedings. That may have to be a boba fide law from Congress with presidential signature. 

  • Brad Gibson
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