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Wouldn't want to be a landlord.
chiefr
Member Posts: 14,083 ✭✭✭✭
So we have unelected bureaucrat's in the CDC issue an eviction moratorium and Biden's DOJ is backing them after the SCOTUS said this power resides in congress.
Wow, living rent free must be great. Looks like the beginning of the end of property rights.
Comments
It makes me even happier that we sold our rental.
Joe
I know a few older people who depend on rental property for a part of their income. This kind of crap will bankrupt them. How can this stand up in court?
It doesn't. But what does that matter to Democraps?
So glad I sold my last two rental places.
Margaret Thatcher
"There are three kinds of lies: lies, damned lies and statistics."
Mark Twain
Sure glad we sold our last rental before covid hit. We have had GREAT renters, and not so great ones. Would not have wanted to deal with ones that did not want to pay, and were backed by the government.
It didn't stand up with the SCOTUS when tried before, but since when has our "Dear Leader" really cared about the US Constitution and separation of powers.
IMHO such brazen disdain for the rule of law is impeachable, but wont happen with this partisan congress.
The most obvious differences between socialism and communism are property rights, There are no property rights under the latter.
Well why stop with mandates allowing people to live rent free? We have almost legalized looting, next up free gasoline if you can't afford it? Maybe you can go to a bank and take what you want too?
If you want free go to the fair. Tenants this month all up to date.
Same unconstitutional treatment in the localities with "rent control". I know San Francisco & NYC have this, probably there are others.
Neal
So as a INC . Can I charge my LLC rent, and right it off if the, LLC doesn't don't pay?
Just asking.
The property owners should be getting a pass from the banks if everything was to be fair, and then the Feds will bail out the banks, just like in '08 when lipshitz was elected.
Life isn't fair, and there's a new sheriff in town.
When the Supreme Court ruled on Kelo v. City of New London, 545 U.S. 469, that it is legal for the government to take our homes and transfer it to another private owner if they thought it would bring in more tax money I believe they made us all just tenants and the government is the true property owner. After all if you want to make any real changes to your house you have to get a building permit and have the work inspected to the governments requirements, then the government raises your real estate taxes because the house is worth more and with that Kelo v. City of New London ruling the government can evict us and get a new tenant that will pay it more rent, oops sorry I meant taxes.
Kelo v. City of New London, 545 U.S. 469, was a case decided by the Supreme Court of the United States involving the use of eminent domain to transfer land from one private owner to another private owner to further economic development.
So if an owner looses his rental house and it is bought at an auction, can the new owner claim it as his personal living residence and boot out the occupants?
g-mother had rentals back in '70's
the horror stories from some conditions when some moved out !
current place i live i have done most repairs when the city has its inspections and finds fault (because i dont want the day workers he gets to do stuff in my house)
rent is always paid, place kept up and even a few improvements just because i have to live here
so last month i get a phone call that the rent is going up by $75, why ?
because he has so many that are not paying THEIR rent 🤬
You know, if you go bankrupt because of rentals and have to sell them on, "somebody" will be ready to snap them up.
Uncle Sam wants to own 30% of the property in the US by 2030. And 50% by 2050.
Things I would have considered crazy conspiracy theories a couple years ago are suddenly coming into view.
Sorry, but we are ALL tenants. We are made to THINK we have private ownership of our property, but we do not. Property tax is nothing but an annual rent payment, pure and simple. And we have no choice. If your property tax goes up, and you complain or don't pay it what happens? "Your" property gets confiscated and sold to someone else who will pay it.
My girlfriend owns 5 rental houses. These are classy houses like this one in Asheville, this big house is worth about $385K. With classy houses you do tend to get classy tenants, we get doctors and college professors, but we also get some White Trash so you still have to be careful. We moved in a retired 55 year old couple into one of our houses, they moved in their 32 year old son into the spare bedroom and he was a crack addict who had just gotten out of the Pen in Florida.
Junkies being junkies, in two months they arrested him in our house, he was breaking in to cars on Hendersonville Road and stealing stereos and selling them at the pawn shops so he could buy more crack. 18 months in the Florida Pen didn't help him one bit. What a nightmare. 3am, nice quiet Asheville neighborhood, 3 Asheville Police cars in the driveway, and they made sure to leave the blue lights on while they made the bust. They wanted the whole neighborhood to know that White Trash were living there.
So even when you have a classy rental operation you have to be very very careful about screening people who want to move in. The Corona hasn't affected us too badly, Shirley did cut one couple's rent, in fact at this house, from $1900 a month down to $1400 a month, but they have continued to pay the $1400.
I am trying to get Shirley to sell these damn houses but she loves being a landlord.
I am trying to get Shirley to sell these damn houses but she loves being a landlord. It is an addiction counting rent money every month. Giving that up .. is not easy to do. But at one point the appreciation of the property out does the retirement , it is time to sell. I have sold a lot of mine and down to 13 rentals. Last Monday I had a HVAC man doing a repair on a home. While there... The Sheriff dept came. Seems the Tenant was upset that when they called Sat night at 700 pm I just didn't jump high enough quick enough to get it repaired till Monday morning at 11 am. Called the law on the landlord. So I told the Officer sorry they wasted his time it was a civil matter. He knew it but still had to come by. So I told him.. since they are idiots the Tenants get a 30 day notice to vacate if they pay the rent. IF they don't pay the rent an eviction notice. I won't deal with idiot tenants.