Landlords Jeff Touti, Robert Gilstrap and John Ferri discuss concerns about Biden extending the pandemic eviction ban
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
President Biden, extending a
President Biden extending a
federal ban, cant guarantee
courts, wont find the ruling
unconstitutional
rental property owners are
challenging. The ruling saying
they footing the bill for tens
of thousands in unpaid rent
money. They fear they will never
get back
to join. Us are John Berry and
Jeff Touty. Thanks for being
with us,
I will start with you.
You said you have a tenant who
has not paid in sixty seven months.
How are you making of the money?
You are not getting
change. There is no way of
making it up.
I struggle you have to use
your own money, but because of
covid is no more cushion.
If this continues. Small landlords, like me, including me,
landlords like me, including me,
will be bankrupt.
You have professional tenants,
they are using this platform.
A lot of people have gotten
sick because of covid.
I understand that, but the
majority of tenants in New York
are taking advantage of this.
People have the means to pay
and choose not to because they
are told by the government and
different agencies they dont
have to pay
Ainsley. Do you get that excuse
from people
for all three of you? Do they
say we dont have to pay?
Do they tell you that
I have an attorney? His rent
is forty percent. The market price
never had a problem with him.
He hasnt paid since March of
last year, wont take my calls.
He knows I cant take it to
court by the time we get into court
by the time we get into court
to or three years down the line he
will use. Covid as an excuse
is a real estate attorney. Real
estate market has been open, so
everybody uses this
Ashley talking about the court.
The Biden administration
telling you guys, you need to
start the legal process because
of New CDC ruling. How far does that push you back
that push you back,
you were already on the bottom
change. Brett Kavanaughs ruling
was pretty clear that the CDC
lacked the authority to do what
they did.
Everybody, including the Biden
administration, admitted they
lacked the authority
its going to expire and things
go back to normal, and now they
decided to some their nose at
that and come out with a new
CDC order, which is identical to
the old one, except they are
claiming it is modified
because it only affects certain areas of the country that even
areas of the country that even
they say, is ninety percent of the country.
In Georgia, it is virtually the
entire state,
its nothing different.
Our attorneys have responded
and we will see what happens in
the sixth circuit Ashley. You must agree with
Ashley. You must agree with
everything that has been said
here, but you have lost more
than 40000.
That was your retirement,
my retirement,
I dont have a pension or
anything like that.
This moratorium is
well intentioned, but total government seizure of private
government, seizure of private
property.
They act with impunity. The
right of perjury is never
enforced. It is unenforceable
they dont pay rent since
March 40000 is a lot of
money
took me a long time to save
40000. How long does it take you?
How long does it take you?
I may get it from the state.
Ashley, yes or no questions. Do
you think youll ever see that money
know
very pro tenant and
anti landlord, and I dont know
why
giving people a roof over their
heads and the state is
penalizing US day and night. We
have to pay our taxes, water
insurance.
If we dont maintain the
property,
they are working receiving
government aid federal money
more money now than when they
were working.
Moratorium on foreclosures
Ashley ive got to leave it
here.
I can feel your frustration,
I hope the best for you and
hope you can see at least some
of that money.
Transcript generated on 2021-08-07.