The real truth is that it protects bad tenants: drug dealers, petty criminals, and destructive people. I can no longer gently remove these people without court action.
Terminating a lease always has costs, usually several months of rent. I do not do it lightly, but if someone is so obnoxious that I am going to lose good tenants because of them, I have to.
Now I have legal fees on top of that AND the tenant ends up with an eviction record. Not good for either one of us.
The point is to drive out small landlords, and have Blackrock scoop up the properties and be the sole universal landlord.