Blog :: 12-2020

The Impact of COVID-19 on Small Landlords

Starre Julia Vartan has owned her early 1900's Victorian home in Connecticut for over a decade. The house was supposed to be her forever home but a few years after her purchase, Vartan had the opportunity to move across the country with her boyfriend.  Still tied into her mortgage, Vartan was unable to sell the house at a fair price and reluctantly became a landlord 3,000 miles away from her home.

Even though Vartan never intended to be a landlord, she views homeownership and renting to tenants as a privilege.  Like most small landlords, she takes pride in providing affordable housing, and becoming friends with her tenants who are usually teachers, nurses and other essential workers. When the government imposes regulations and increases taxes, small landlords are forced to pass those expenses on to their tenants who, many of the time, are the least likely to be able to afford it; especially during a pandemic!

Click on the link below to read the entire article…

Consider The Small Landlord | Starre Julia Vartan | The Boston Globe

If you are a landlord with additional questions or would like to discuss anything related to investment properties in the greater Burlington area, please don’t hesitate to email us anytime at Team@LipkinAudette.com or call Steve Lipkin at (802) 846-9575.