Current Events > Landlord: "the rent only pays for my mortgage on the property!"

(+) Yeah! (+)

Mistere Man posted...

Thankfully they now have better insurance now.

hopefully they at least had his SS number. stuff like that would get you blacklisted from renting apartments.
they like paying tenants and ones that don't destroy the apartment.
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So whats the actual problem you have?

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kingdrake2 posted...

hopefully they at least had his SS number. stuff like that would get you blacklisted from renting apartments.
they like paying tenants and ones that don't destroy the apartment.

Yeah they did dude is in jail for the drug manufacturer so there is a good side imo. They basically were running a crack house out of his property.

Well they were this was several years ago so they could be out.

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Romulox28 posted...

breaking even is a sweet deal?

He's not breaking even, though. Those mortgage payments are building equity. Otherwise, landlords wouldn't bother renting out their properties.

i had to submit information myself i'm hoping to get into a new place. worrying part is my income but it's just slightly above the limit for my relative and me.

once they confirm everything and give the ok. just gotta give a 30 days notice to my current landlord and clean up the place (want to leave on good terms).

the landlord at the new place is going to try to give me the apartment that is nearby the grassy area so the dog can have somewhere to go on property (provided i clean up the poop) of course.
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nemu posted...

Sure, sure, take all the houses by force. That's completely realistic and not at all a fantasy.

good. I'm glad we agree.

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kingdrake2 posted...

i had to submit information myself i'm hoping to get into a new place. worrying part is my income but it's just slightly above the limit for my relative and me.

once they confirm everything and give the ok. just gotta give a 30 days notice to my current landlord and clean up the place (want to leave on good terms).

the landlord at the new place is going to try to give me the apartment that is nearby the grassy area so the dog can have somewhere to go on property (provided i clean up the poop) of course.

I would hate to clean up my dog's poop. Hope everything works out for you.

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How do y'all feel about credit checks for renters and minimum score requirements?

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KStateKing17 posted...

How do y'all feel about credit checks for renters and minimum score requirements?

It shouldn't be an instant go-to, but I don't blame anyone for any legal precautions they take if they get stuck with a bad renter.

Veggeta X posted...

But once paid off you can sell it for much more money?

That's not something that is going to naturally happen with homes any time soon.

For 60 years there was rampant home market inflation, which was compounded by the idea that you could buy a house, slap on some paint and re-trim it, and sell it for a tidy profit.

Now, the housing market is flooded (at least in my country), and new houses are still being built, and sit empty for months.

One of the reactions to this trend has been to make building code more and more stringent, in order to throttle new home builds, and force people to buy that which is built. This has not been outright stated, but municipalities and national codes have updated several time in the last 10 years for more exorbitant cost measures, such as nearly doubling the required insulative value of walls and ceilings.

That can increase a home build coat by 25-90,000 dollars depending on the solutions required for your application.

The idea is to make new homes more expensive to build, to encourage young, successful people to simply buy what is there.

Because the market isn't wildly appreciating any more.

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Tupacrulez posted...

That's not something that is going to naturally happen with homes any time soon.

for the purposes of this statement, are you making the assumption that The Market is a natural phenomenon?

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Questionmarktarius posted...

When redoing your foundation will cost $15000, or you can put it off for several years by putting in a $100 support column, which do you choose?

I'm doing my entire roof, or does that one not count?

Also replastered the entire place last year
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I typically don't bother with credit or score checks. I'm more into last 2 or 3 pay stubs and checking work reference and previous landlord ref if they rented in the past. Going forward it's also good to do a criminal background check. My current tenant never rented in the past so it was just a straight work check and making sure based on her paystubs she could afford the rent. For future applicants I'll be doing a bit of a thorough check. People can lie about a previous landlord and use a friend's number unless you get the address and go see the landlord in person. Most tenants typically pay on time. Some can be late at paying and you can charge a late fee. My agreement mentions a late fee and was late twice by 1 day which I follow up on but didn't bother charging the late fee. Generally speaking handling any issue in a proper man makes for a happy tenant.

If you're gonna handle the property yourself I'd recommend doing a once a month check up on the place to make sure it's not trashed. No point in having a tenant there for over a year then they move out and you walk into a huge expense and they don't pay cause they claim bankruptcy or you can't get in touch with them. Better to address the matter in a timely manner and start an eviction process if necessary. Or get the property management company to check up on tenants once a month if you can afford it I guess.

Also as a landlord I don't waste my time with trashy places unless I have the money to fix it up. I'd feel pretty upset too renting from someone and they aren't doing things to fix up the place that needs it. My ex wife is renting a house and the guy has a tarp on the entire roof cause the shingles need replacing. He better replace them this year. A tarp seems like a huge violation. Last thing you wanna be is sued. Tenants and landlords need to look into their rights.


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Gamerguymass posted...

ITT: Extreme far left Bernie supporters would rather tens of millions of people be homeless instead of renting houses/apartments existing.

Are all right wingers this open about not being able to read?
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thronedfire2 posted...

Or..if the renters dont like the rental agreement they can find a different place to live?

If you don't like the risk, then buy it with cash.

See, everyone can say stupid things
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Geez, I remember when I rented to a guy that totally fucking DESTROYED the toilets. Like, we're talking Silent Hill. It was like he never flushed, ever. The cleaning company I hired ran out of supplies twice after he had left. I'm going to have to have them replaced.

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Oatcakes posted...

I'm doing my entire roof, or does that one not count?

Shoving a column through the roof is probably not a good idea.

Heh heh, you're "doing" your roof... heh heh.

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Renting is a voluntary contract between two people. You should be able to do whatever you want with your property, including using it to make a profit, because its your property.

YOU have no right to tell two other people that they cant engage in that voluntary contract because YOU feel its unfair. Fuck your feelings. Life is hard for you? That sucks. You dont want to rent? That sucks. You cant afford a house? That sucks. You still arent entitled to other peoples shit or to pay what YOU feel is fair. Its not your shit. Youre asking someone else to live in their shit. They can charge whatever they want, its THEIR shit. Youre the one with a need. Theyre the ones providing a possible solution. If you dont like the deal, go elsewhere, its completely voluntary. If that means you have to live somewhere shitty or do something youre presently not willing to do..oh well. A big part of life is doing shit you dont want to do so you can do the shit you want to do later. But you know whats not a big part of life? Being told by internet tyrants that I shouldnt be able to rent MY property out to whomever the fuck I want for whatever price agree on, whether your ass likes it or not. And Im talking too all of the whiny entitled ass communists. Get the fuck out of peoples business, my god.


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They just need to multiply tax by a ludicrous amount if the owner of a property is not the occupant of said property.

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Rika_Furude posted...

They just need to multiply tax by a ludicrous amount if the owner of a property is not the occupant of said property.

Wow

Rika_Furude posted...

They just need to multiply tax by a ludicrous amount if the owner of a property is not the occupant of said property.

Can you believe that people like this exist? Like what a fucking hater.

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The management company that owns my building barely does any upkeep on it. They complain to the residents, telling us that we should be vacuuming and mopping the common areas like halls and the art gallery/lobby downstairs, and remove public garbage cans outside the building, rather than just stay on top of emptying them.
On top of that, they have solar panels on the roof that were originally installed to give us reductions in electric bills, but we don't actually see those discounts.

The one time my wife and I truly needed something from them, was when we had mice, I told them about it, and they brought some shlub in who did nothing but give me glue traps. I WORK FOR A PEST CONTROL COMPANY MYSELF and when I called them on their bullshit, he said they would come back in a week, but never did.


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averagejoel posted...

good. I'm glad we agree.

You should go live in your socialist / communist fantasy.

Go move to Cuba, Venezuela, North Korea.

They'll gladly take you.

You obviously hate our Capitalist world, just leave and go live in your preferred society.

Nothing is stopping you from applying for citizenship over there.

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KamenRiderBlade posted...

You should go live in your socialist / communist fantasy.

Go move to Cuba, Venezuela, North Korea.

They'll gladly take you.

You obviously hate our Capitalist world, just leave and go live in your preferred society.

Nothing is stopping you from applying for citizenship over there.

its illegal for Americans to go to cuba

Also, as someone who works for a pest control company, I deal with the other side, directly with multiple property managers all the time.
Yes, they spend a lot of money renovating units after they get ruined by disgusting tenants, but they're also notorious for covering stuff up, cutting corners with the cheapest furnishings possible, and doing very little to fix problems, when prospective renters are interested.

There's absolutely plenty of bad tenants out there. But don't defend management companies. They're fucking crooks.

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AngelsNAirwav3s posted...

He should really use a property manager instead of doing it himself with that many houses. I have a property manager, they get like 6% of the monthly rent collected, and they do everything for me, I have never even talked to my tenants, all that happens is my manager calls me when something big happens (like washer/dryer breaking down), and I give them the OK to hire a repair man, boom done. When the tenants move out, the property manager also takes care of all the advertising and application process for new tenants.

Yup, that's how my aunt does it, too. Hopefully when I get into real estate I can find a good guy/girl to do all that for me as well.

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CADE FOSTER posted...

its illegal for Americans to go to cuba

He's canadian

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averagejoel posted...

for the purposes of this statement, are you making the assumption that The Market is a natural phenomenon?

I'm assuming that since young home buyers have never had more debt outside of a mortgage on this continent, and since the market is presently flooded with homes (and has been for literal years), and since new home construction has only recently slowed (with multi-unit buildings still being built at a rate that far outpaces home sales), the appreciation rate on a home will not significantly increase until those factors are addressed by outside influence of one thing or another.

Didn't think I'd have to explain that.

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Tupacrulez posted...

Didn't think I'd have to explain that.

He's a Canadian that's Pro Communism, Pro ANTIFA, and on the Extreme Left side of the political spectrum.

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Slayer2111 posted...

Renting is a voluntary contract between two people. You should be able to do whatever you want with your property, including using it to make a profit, because its your property.

YOU have no right to tell two other people that they cant engage in that voluntary contract because YOU feel its unfair. Fuck your feelings. Life is hard for you? That sucks. You dont want to rent? That sucks. You cant afford a house? That sucks. You still arent entitled to other peoples shit or to pay what YOU feel is fair. Its not your shit. Youre asking someone else to live in their shit. They can charge whatever they want, its THEIR shit. Youre the one with a need. Theyre the ones providing a possible solution. If you dont like the deal, go elsewhere, its completely voluntary. If that means you have to live somewhere shitty or do something youre presently not willing to do..oh well. A big part of life is doing shit you dont want to do so you can do the shit you want to do later. But you know whats not a big part of life? Being told by internet tyrants that I shouldnt be able to rent MY property out to whomever the fuck I want for whatever price agree on, whether your ass likes it or not. And Im talking too all of the whiny entitled ass communists. Get the fuck out of peoples business, my god.

None of that changes the meanings of words though
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Slayer2111 posted...

Renting is a voluntary contract between two people. You should be able to do whatever you want with your property, including using it to make a profit, because its your property.

YOU have no right to tell two other people that they cant engage in that voluntary contract because YOU feel its unfair. Fuck your feelings. Life is hard for you? That sucks. You dont want to rent? That sucks. You cant afford a house? That sucks. You still arent entitled to other peoples shit or to pay what YOU feel is fair. Its not your shit. Youre asking someone else to live in their shit. They can charge whatever they want, its THEIR shit. Youre the one with a need. Theyre the ones providing a possible solution. If you dont like the deal, go elsewhere, its completely voluntary. If that means you have to live somewhere shitty or do something youre presently not willing to do..oh well. A big part of life is doing shit you dont want to do so you can do the shit you want to do later. But you know whats not a big part of life? Being told by internet tyrants that I shouldnt be able to rent MY property out to whomever the fuck I want for whatever price agree on, whether your ass likes it or not. And Im talking too all of the whiny entitled ass communists. Get the fuck out of peoples business, my god.

imagine getting this upset while still misunderstanding the basic problem

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averagejoel posted...

functionally, landlords are parasitic

You do realise people who own property for rent also have day jobs right?

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Ilishe posted...

You do realise people who own property for rent also have day jobs right?

What does that have to do with the role of landlord?
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mario2000 posted...

imagine getting this upset while still misunderstanding the basic problem

What's the basic problem, exactly?

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Slayer2111 posted...

What's the basic problem, exactly?

come on bro i know you can read

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You know why this entire conversation is fucking stupid? Renting is entirely voluntary. This isn't a situation where all of the land is owned by land barons and you're pretty much forced to live on their land and give them most of your shit.

Nobody forces you to live on their land and give them your money. It's a completely voluntary action. Also, it shouldn't be the duty of a private property owner to provide affordable living for the poor. If you can only afford to live in a bad neighborhood, that's a you problem, not a person who's doing better than you's problem. The money your paying is simply to live where you asked to live. That's it. What happens what that money leaves your hands, frankly isn't your fucking business. If your landlord spends all of your rent money on hookers and blow, oh well, not your money anymore, and also, you're still not entitled to any of his property. If you feel like people shouldn't be allowed to profit off renting their own shit, then you're simply an asshole, and you probably don't have anything, and it makes you bitter. Oh well. Sucks to fucking suck, other people shouldn't suffer so you can get what you feel you deserve. Paying rent entitles you to exactly nothing but what was laid out in the rental agreement.

People who feel the way some of the people feel in this topic are 100 percent tyrants.

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Slayer2111 posted...

If your landlord spends all of your rent money on hookers and blow

Obviously, we need a hookers and blow redistribution system.

Questionmarktarius posted...

Obviously, we need a hookers and blow redistribution system.

It would actually still be far,far,far,far less damaging to society than the dumb communist shit these fucking morons want to implement.

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Slayer2111 posted...

It would actually still be far,far,far,far less damaging to society than the dumb communist shit these fucking morons want to implement.

xfd bro you really scared of "communists" xfd come on bro ur like a cartoon character lmao

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mario2000 posted...

xfd bro you really scared of "communists" xfd come on bro ur like a cartoon character lmao

You obviously don't know your history if you aren't scared.

All you have to do is look at every country that has implemented communism and all the people who died from it.

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KamenRiderBlade posted...

All you have to do is look at every country that has implemented communism and all the people who died from it.

"I want cheap housing and paid sick leave!" means "You get assigned a bunk at the tank factory, and we'll shoot you for cowardice if you get sick. Also your family will be billed for the bullet."

KamenRiderBlade posted...

You obviously don't know your history if you aren't scared.

All you have to do is look at every country that has implemented communism and all the people who died from it.

if you're worried about all the people who have died from communism, just wait til you hear about all the people that have died from capitalism

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KamenRiderBlade posted...

You should go live in your socialist / communist fantasy.

Go move to Cuba, Venezuela, North Korea.

They'll gladly take you.

You obviously hate our Capitalist world, just leave and go live in your preferred society.

Nothing is stopping you from applying for citizenship over there.

I could do that. or I could try to organize and solve the problems where I am. I know which one I'd rather do right now.

Ilishe posted...

You do realise people who own property for rent also have day jobs right?

that's irrelevant to the point. stay on topic if you want to have a discussion.

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Kind of weird how people like Joel, hockey and hairystotle have admit they've never been to college, but are the first to show up in these topics usually. Something crucial is missing.

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archedsoul posted...

Kind of weird how people like Joel, hockey and hairystotle have admit they've never been to college, but are the first to show up in these topics usually. Something crucial is missing.

not sure where you heard that I've never been to college, but it definitely was not from me "admitting" it

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averagejoel posted...

not sure where you heard that I've never been to college, but it definitely was not from me "admitting" it

Jeez

That's even worse. Probably slept through it, eh?

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archedsoul posted...

Jeez

That's even worse. Probably slept through it, eh?

are you going to acknowledge that you told a blatant lie about me?

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Questionmarktarius posted...

"I want cheap housing and paid sick leave!" means "You get assigned a bunk at the tank factory, and we'll shoot you for cowardice if you get sick. Also your family will be billed for the bullet."

Cheap housing =/= forcing people to provide their private shit at a rate determined by the needs of the poor and/or stupid. If you want cheap housing, move to the ghetto bro. Landlords shouldn't have to rent their shit out for any rate other than the one that someone is willing to pay, just because it leaves some people out. If you want cheap housing, it needs to come exclusively from public housing or from places that people are WILLING to rent out cheaply, and those places usually kind of suck...but it's housing, and it's cheap. If you want cheap NICE housing, you aren't entitled to that. You have to work for that. You have to have something to offer someone who wants to pay you enough to afford that. You have to improve yourself.

Paid sick leave, I'm with you.

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