LA renters owe, get this, $1,000,000,000.

LA Renters Owe $ 1 Billion Back Rent…“And that doesn’t even account for renters that may have owed rent and have skipped out on their landlord, so the number is much much higher than 1 billion dollars.”.
Daniel Yukelson is the CEO at Apartment Association of Greater Los Angeles and he says many Landlorda are actually small property owners who “traditionally try to have long-term tenants, not a lot of turnover and they are just forcing that of the market and were gonna get a lot of corporate owners.” Yukelson was a guest on Mottek on money.