Eviction cases filed in court are increasing as tenant safeguards are reduced, but experts claim that this is merely the tip of the iceberg and that there is no way to identify the individuals responsible.
According to Sybil Hebb, legislative policy director for the Oregon Law Center, “for every court filing of eviction, there are typically two to five informal evictions or non-court related displacements that occurred.”
The Law Center was given funding to monitor evictions throughout the epidemic, and when comparing evictions filed in August 2020 to evictions filed in August 2021, they discovered a 119% rise. Hebb pointed out that many renters decide to leave after receiving an eviction notice, so it is impossible to determine how many Oregonians are evicted each year or whether the individual posting the notices is doing so properly.
Four of the biggest corporate landlords in the country were the subject of an inquiry into their eviction procedures by the federal legislative Select Subcommittee in July. Premium Partners, Invitation Homes, Ventron Management, and The Siegel Group were found to have “filed to evict tenants at high rates despite the existence of federal eviction moratoriums and Congress’s appropriation of more than $46 billion in federal rental assistance” during the first 16 months of the pandemic.
At least 15,000 evictions were carried out by huge firms, according to the investigations, however, some may still be unaccounted for, according to the findings. In order to keep tenants from knowing their protection against eviction, some of the companies engaged in “deceptive and potentially criminal methods,” according to the investigation.
None of the four companies appear to have any real estate in Oregon, based on their respective portfolios. However, there is no monitoring organization or system in place to determine whether other corporate landlords in Beaver State are following a similar course of action.
About 37% of Oregon residents rent, according to census statistics gathered by the National Low Income Housing Coalition. This means that we know very little to nothing about the company owners who own nearly half of the houses in Oregon.
The majority of court-filed evictions are initiated by property owners, so determining how many of the occupants of the home being evicted from are owned by investors and corporations requires a case-by-case investigation that involves locating property tax records and learning who is really behind each Limited Liability Company name.
“Are they multi-state or multinational businesses, or are they local landlords? There is no method for us to track that “His words. The truth is that, in many ways, I believe getting a fishing license is more difficult in this state than becoming a landlord.
According to the Coalition, an Oregonian making minimum wage must put in 68 hours of work in order to pay for a modest one-bedroom apartment at fair market value.
A Pew Research Center analysis indicates that such significant corporate investors are contributing to the increase in rent prices.
According to a report published in July 2022, a quarter of properties sold in 2017 were purchased by investors.
According to a 2015 financial assessment of rental housing, private investors made up the largest segment of the market.
According to a different Atlanta-based study, landlords are more likely to evict the same tenant repeatedly, which more frequently leads to displacement.
Los Angeles County has implemented a landlord tracking system as market rents continue to rise. Some Oregon lawmakers claim they are really contemplating it when questioned about the idea.
“Undoubtedly, it is a factor under consideration. There will undoubtedly be a discussion about who would be involved or how that is handled, “Rep. Maxine Dexter, chair of the House interim committee on housing, made the statement. If we don’t know who is affected and who is covered by the policy, I don’t think we can police it effectively.
The head of the Senate Committee on Housing and Development, Sen. Kayse Jama, concurred.
When asked if he would consider setting up a landlord registry in Oregon, he responded, “As someone who believes in data, I do think it’s crucial that we collect data.”
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