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Tampa residents struggle amid major rent surge

Rising rents are hitting many families hard and pushing some toward homelessness. Mark Strassmann takes a look at how it's affecting renters in Tampa, Florida.
Jul 25, 2022 (02:19)

TRANSCRIPT FOR: “TAMPA RESIDENTS STRUGGLE AMID MAJOR RENT SURGE”

KAVITA GUED:
00:00:10

Nice little porch area.

MARK STRASSMANN:
00:00:12

Like any renter here, Kevida Gued knows Tampa is a landlord's market. But the single mother of three's family needs an affordable three bedroom, and fast. Their lease is up July 31. And how many places have you looked at?

KAVITA GUED:
00:00:28

Over 50.

MARK STRASSMANN:
00:00:29

50 places.

KAVITA GUED:
00:00:30

Over 50 places, and I've reached out to over 200. All over Tampa Bay, all over the state of Florida.

MARK STRASSMANN:
00:00:36

On average, Tampa's rents ballooned 22% last year.

VALERIE BANNON:
00:00:40

Father God, what am I going to do?

MARK STRASSMANN:
00:00:42

Valerie Benin's landlord in Saint Petersburg hiked her rent nearly 60%, to $2,400 a month for this modest four bedroom. Without options, legally blind, earning under $20,000 a year, this overnight auditor moved her family into a hotel, the bill paid by a charity.

VALERIE BANNON:
00:01:02

To me, it's no different from a hurricane or something disrupting your household and taking your home away, and you're being homeless, not having anywhere to go, not knowing what to do.

MARK STRASSMANN:
00:01:13

Fueling that hurricane here, thousands of pandemic relocations, inflation, rising interest rates discouraging buyers, and few tenant protections. Tampa recently put $5 million toward rental assistance, money gone in two days. Erika Belezerian could be, too. This PR account exec's rent will jump $530 beyond her budget.

ERIKA BELEZERIAN:
00:01:39

If I want to pay less, which is my goal, I will need to move 30 to 40 minutes outside of this neighborhood.

MARK STRASSMANN:
00:01:47

30 to 40 minutes. Yes.

KAVITA GUED:
00:01:49

Very clean, spacious.

MARK STRASSMANN:
00:01:51

Gued keeps looking, calling, emailing. Everything's expensive. This home's deal breaker? The pond, she says, a danger for her autistic son.

KAVITA GUED:
00:02:01

You hear somebody talking about it. But until you experience something firsthand, then it really doesn't fully resonate or hit you.

MARK STRASSMANN:
00:02:09

A rental crisis that hits home every day for families like hers. Mark Strassmann, CBS News, Tampa.

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