Many landlord who didn't — or were not allowed to ‚ raise rents during the pandemic, are now hitting tenants with major rent increases. What can renters do?
Soaring home prices may get all the attention right now, but rent is rising to unheard-of levels this year for many people who don't own homes.
"I got the letter Feb. 23. So they basically gave me 30 days," she said."It's going to hurt me tremendously." Cases like Trimble's are happening across the country, as landlords who haven't raised rent for two years during the pandemic now try to recoup their losses. That can mean rent hikes of 10%, 20%, even 40% as leases expire.
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