Despite eviction ban complaints, big landlords report record profits

Large landlords have been critical of the federal eviction moratorium that has been in place since September and was extended on Monday to June 30. Property owners and groups that represent them say that being unable to remove tenants who are behind on rent is unfair to property owners, and will put their finances in jeopardy. 

"All property owners, regardless of their size, have been impacted by the economic circumstance of the past 12 months," said David Howard, who is the head of the National Rental Home Council, a Washington, D.C.-based group that represents single-family home landlords. "It's not sustainable." However, a CBS MoneyWatch review of the financial statements and loan records of the nation's largest landlords suggests that the eviction moratorium, which has saved millions of Americans behind on their rent from becoming homeless during the pandemic, has done little to dent bottom lines. In fact, large property owners have predominantly been profitable during the pandemic.