Poll of the Day > Seriously, never be a landlord

(+) Yeah! (+)

Renters are garbage, dealing with them is like pulling teeth. Yes you have to pay to live here you dummy. Rent is due first of the month, not whenever. I give these assholes so much wiggle room and they just take an take. Garbage people.

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Sounds like you didn't pick very good tenants

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Greenfox111 posted...

Sounds like you didn't pick very good tenants

They're about to not be my tenants.

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where do i pay rent... where is your debit machine?

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https://youtu.be/obJpegVB5zk

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get a real job then lmao

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Being a landlord is kinda like being an employer. Gotta be careful who you hire and gotta watch their ass to make sure they aren't fucking up

I found the whole eviction moratorium thing interesting from a legal stand point

I hope landlords are opening cans of whoop *** on those dead beat tenants

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AwesomeTurtwig posted...

Garbage people.

Is it safe to assume that despite being called this, they don't actually take the cans to and from the curb?

Kanatteru posted...

real job

I thought he is some sort of senior mechanical engineer and this landlord ordeal is just a way for him to generate an extra inflow of money.
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EclairReturns posted...

I thought he is some sort of senior mechanical engineer and this landlord ordeal is just a way for him to generate an extra inflow of money.

Or (as was in my case), you're trying to move out of a devalued condo / home that won't sell, and are forced to lease it out to avoid foreclosure.

At least property values are up now, so if there's land involved, selling might be a legit option. But, to TC's original statement, being a landlord does indeed suck. A good, reliable tenant is becoming a rarity.

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EclairReturns posted...

I thought he is some sort of senior mechanical engineer and this landlord ordeal is just a way for him to generate an extra inflow of money.

well i'm sure he'll be just fine then

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I know what you mean. I've heard many people complain about tenants not paying, damaging property, stealing, and more.

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fishy071 posted...

I know what you mean. I've heard many people complain about tenants not paying, damaging property, stealing, and more.

The property damage risk alone is incredibly nerve wracking. My nextdoor neighbor had a tenant that actually paid on time each month, but ended up doing over $20,000 plumbing damage to the house (negating any shred of actual profit).

Even with good insurance, the risks are huge.

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It's almost to the point where one would think nearly every renter is a bad renter.

waaaah wheres my rent. i can barely afford three vr headsets and two houses on my senior engineer salary. i need extra money from the land i ''own''. please dont ask where the guy i bought the land from got it

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AwesomeTurtwig posted...

Rent is due first of the month, not whenever. I give these assholes so much wiggle room and they just take an take.

What does it cost you if they don't pay on-time?

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DocDelicious posted...

What does it cost you if they don't pay on-time?

he wont be able to buy as many ape pictures before their auctions close

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Kanatteru posted...

get a real job then lmao

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BlackScythe0 posted...

It's almost to the point where one would think nearly every renter is a bad renter.

I guess we got lucky then. Mom and her brother inherited a property in Santa Cruz from her parents and her brother was renting out one of the houses on that property (small houses). After he died, we got some new tenants. They are taking great care of the place and they even cleaned the deck of the front house (which is not rented out) and decorated it with a couple pumpkins at Halloween.

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Fierce_Deity_08 posted...

I guess we got lucky then. Mom and her brother inherited a property in Santa Cruz from her parents and her brother was renting out one of the houses on that property (small houses). After he died, we got some new tenants. They are taking great care of the place and they even cleaned the deck of the front house (which is not rented out) and decorated it with a couple pumpkins at Halloween.

I have no clue what percentages are. It's just everyone who rents has the horror story of the people who just absolutely destroy houses and refuse to pay rent and you're stuck fighting in court for months just to get them out.

BlackScythe0 posted...

I have no clue what percentages are. It's just everyone who rents has the horror story of the people who just absolutely destroy houses and refuse to pay rent and you're stuck fighting in court for months just to get them out.

landlords just make up that kind of shit for fun

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BlackScythe0 posted...

I have no clue what percentages are. It's just everyone who rents has the horror story of the people who just absolutely destroy houses and refuse to pay rent and you're stuck fighting in court for months just to get them out.

We did have to take the previous tenant to court because of a disagreement about repairs, but it wasnt too long.

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"tenants destroyed my house" are you sure you didn't just let it fall into disrepair because you never fixed anything in it

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Lol, why am I not surprised this board has so many people defending losers not honoring their KNOWN obligations on time?

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I'm going to give my landlord a headache in a few months because he's demolishing the house but hasn't submitted any physical documents regarding eviction. He will be required by law to allow me two more months, with one of them paid by him.

I have never missed rent and have done more 'maintenance' around here than the landlord or any other tenants. He's a joke.

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Kanatteru posted...

well i'm sure he'll be just fine then

"Bad people are actually good people"
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Yeah renting out your property is a bit of a gamble. Even with interviews and background checks, you could end up with deadbeats who don't pay, or assholes who trash the apartment. In my experience it's been mostly positive, though I did have one couple who literally destroyed the fucking place. Like, holes in walls, shattered toilet, water damage from said toilet, left their broken furniture and trash everywhere, ashes everywhere and odor from cigarettes/weed, dogshit on several parts of the floor (at least I hope it was dogshit lol)

I pay a dude to spruce up an apartment after a tenant leaves. Normally it's a little grout and paint, maybe fix a faucet or something. I have never kept a deposit for what I consider "normal" wear and tear. I'll forgive stuff that seems accidental/unintentional from tenants as long as they were decent tenants. This particular time I had to have major renovation done. Needless to say I kept their deposit.

A copycat topic cropped up and I'll say that is a fair point. Just as there are shitty tenants out there, there are certainly shitty landlords. It works both ways. When I used to rent I mostly had good experiences but I did stay one place where the landlord would take his sweet time fixing shit, and was renting out the basement illegally (I was renting the first floor, but the basement "apartment" had only one viable means of egress and if there were ever a fire that kid down there might've been screwed. On top of that, it had no kitchen. The kid ordered takeout most meals or cooked in a microwave/hot plate).

So yeah, fair point. There are bad landlords, too.

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Far-Queue posted...

This particular time I had to have major renovation done.

That tenant was peacefully protesting.

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The_tall_midget posted...

That tenant was peacefully protesting.

lol

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Sell the house so an actual family can have a home instead of you hoarding land for profit

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I cant think of bigger leeches on society than landlords

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Don't they have those services that will take 10% of your earnings and do all the shit for you?

papercup posted...

I cant think of bigger leeches on society than landlords

But they create housing! Sure, they do so by buying it up and selling it back at a premium, which is technically the exact opposite of creating housing, but they still create housing!

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Landlords are literally terrible people. Im not saying Mao had the right idea by killing all the landlords when he came to power, but Im not saying he was wrong either.

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Sometimes you cant control it sometimes. There are way too many protections in place for residential tenants that a class of people often referred to as professional tenants know how to manipulate to create headaches for landlords and effectively game the system so the owners primary goal becomes getting them out to stop the loss.

residential tenants should be treated like commercial tenants and not afforded special treatment. Commercial tenants Can delay proceedings but at least owners can build more protections into a lease.

on the flip side there are garbage landlords but there are plenty of protections in place already.

a universal rating system would also help based on failure to pay and screwing around so those w low ratings required to post more security.

some states are more tenant friendly than others but there is no logical reason a residential tenant should be given special rights than their commercial counterpart.

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Conner4REAL posted...

some states are more tenant friendly than others but there is no logical reason a residential tenant should be given special rights than their commercial counterpart.

I mean, there is the whole "housing is a basic necessity while owning a business is not" thing, which might factor into the decision a little bit.

Conner4REAL posted...

a universal rating system would also help based on failure to pay and screwing around so those w low ratings required to post more security.

That said, I agree with this. Good landlords should be protected from bad tenants better than they are, just like good tenants should be protected from bad landlords better than they are. Any rating system needs protections in place to prevent abuses, since it's a given that slumlords would try to rate their tenants more poorly to justify charging them more, but that would be a solid step away from the current system of "I know you're a good tenant but I'm still going to jack your rent up to offset the risk of getting bad tenants in my other properties," which is unequivocally bullshit.

That said, long-term renting shouldn't even be a thing and is a symptom of a catastrophically broken system that's only getting worse as more and more properties are removed from the permanent housing market by real estate investors (which, in turn, is both a consequence of and a significant contributing factor to the growing wealth disparity).

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Jen0125 posted...

Sell the house so an actual family can have a home instead of you hoarding land for profit

That won't solve the issue. There needs to be more new (and affordable) housing built. There will always be a demand for rental space. The only way I see to get rid of landlords would be to subsidize housing en masse. That comes with its own problems. Not sure if you've ever lived in government housing, but the gov isn't always the best "landlord", either. Not saying that government housing isn't a viable solution for the future, but it would need to be handled properly and current gov housing structure would need a serious overhaul.

Not sure Turt's situation but I own a three-story tenement. It's not a single-family home. I would have to either tear the house down and build a single-family unit, or completely renovate the house that's there and sell it as a very large house... It would not fit most families needs as it would be much larger (and as such more expensive) than what most families are looking for. Also probably wouldn't work because the people that would buy it would probably just convert it back to a three-family lol

I have a house with an in-law that I rent out, too. Also not a viable single family home. It is detached from the main house, but for me to sell it as a single family I'd have to petition the town to divide my property, which comes with a host of hurdles on top of not being assured that it'll get approved.

I try to be a sensible, attentive, and caring landlord. My rental units are priced below the area average, in both locations. As stated earlier I have them regularly maintained, including bi-monthly yard work in the summer and snow removal in the winter. Both properties don't have electric bills because they're on solar. They have newer roofs for the same reason.

I've only held a tenants deposit two times. Don't feel like I'm some greedy slum lord, but I dunno maybe my tenants would disagree

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adjl posted...

But they create housing! Sure, they do so by buying it up and selling it back at a premium, which is technically the exact opposite of creating housing, but they still create housing!

yep, how about you confiscate the landlords' property and then put it back on the market at market prices. Then the renters can buy whichever house they were renting in and not have to pay the premium!

Disagree that tenants shouldn't be afforded special protections. It would be inhumane to evict a family during the winter in New England. It's inhumane in general, and eviction should be an absolute last resort. I may be in the minority but other landlords I've spoken with echo the same sentiment.

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Metalsonic66 posted...

give me rent

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Farque that's a lot of words I'm not going to read to justify an unethical practice but ty for trying

We don't need new affordable housing. We need people to release the hoards of property they're renting back at a premium price for profit.

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ur welcome now pay your PotD rent please you're overdue

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Jen0125 posted...

We don't need new affordable housing. We need people to release the hoards of property they're renting back at a premium price for profit.

Disagree. That might work in some instances but the current structure would mostly only feed itself. Needs to be complete systemic change for a positive outcome to come to fruition.

You can villainize landlords, including me, if you want. Sure there are lots of slumlords out there. Sure there are predatory and exploitative landowners. But not all of them are scumbags, and landlords are not the problem wholly themselves.

I'm sympathetic. I'd love to see more people own their own home. As I said, I'm not opposed to selling my property but I guarantee if I did so right now, another landowner would turn right around and rent the property out, and the problem would perpetuate. And the new owners may not be as fair or sympathetic as I am, either.

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Far-Queue posted...

Disagree that tenants shouldn't be afforded special protections. It would be inhumane to evict a family during the winter in New England. It's inhumane in general, and eviction should be an absolute last resort. I may be in the minority but other landlords I've spoken with echo the same sentiment.

you are 100% in the vast, vast minority. spend some time on landlord reddits and youll see most of them have just as much contempt for tenants as awesometurtwig, if not more

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If you dont like the idea of renting then buy your own home. If you cant afford it then remember you would be out on the street if not for a landlord willing to rent.

everyone things they are somehow entitled to free housing at the landlords expense. There is also subsidized housing that is more trouble than it is worth. And the reason for that is tenants who think that they should get everything for free.

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Let's deconstruct the meaning of landlord

land
noun, often attributive

Essential Meaning of land
1 : the solid part of the surface of the Earth : an area of ground arid/fertile/flat land the land along the highway

lord
noun

Definition of lord
(Entry 1 of 2)
1 : one having power and authority over others:
a ruler by hereditary right or preeminence to whom service and obedience are due

2 : one of whom a fee or estate is held in feudal tenure

landlord
noun

land lord | \ land-lrd

Definition of landlord
1 : the owner of property (such as land, houses, or apartments) that is leased or rented to another

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Fam_Fam posted...

yep, how about you confiscate the landlords' property and then put it back on the market at market prices. Then the renters can buy whichever house they were renting in and not have to pay the premium!

What do you think "market prices" would look like if every rental property suddenly went on sale and was no longer allowed to be rented out? Throw in some reasonable restrictions on what percentage of a region's housing any given individual or corporation can own so you don't get them all being bought up by development megacorps, and yes, most renters could afford to buy a property comparable to the one they were renting in. Heck, any renter that can afford their rent can afford to own the place they're renting even without crashing the market. If they couldn't, their landlord couldn't make money.

The service that landlords provide is to take on the risk of home ownership so that those without the necessary capital to cover unexpected expenses can live somewhere without having to worry about becoming homeless over a roof leak. Landlords provide insurance, not housing. On a long-term basis, though, the premium landlords charge exceeds the capital needed to have that security (since otherwise they wouldn't make money), so it's not a matter of the tenants being unable to afford those costs. It's a matter of the landlords being able to afford them first and turning a profit by exploiting those that weren't lucky enough to be born a few years earlier (both in terms of seizing the opportunity and in terms of taking advantage of lower prices when they bought).

Far-Queue posted...

Not sure Turt's situation but I own a three-story tenement. It's not a single-family home. I would have to either tear the house down and build a single-family unit, or completely renovate the house that's there and sell it as a very large house... It would not fit most families needs as it would be much larger (and as such more expensive) than what most families are looking for. Also probably wouldn't work because the people that would buy it would probably just convert it back to a three-family lol

Alternatively, sell it as three condos (or a triplex, or whatever you want to call it). That's going to require some regulatory changes, certainly, but the "problem" of so many houses being too large for single families can be solved without permanently keeping them as rental units. It just takes some actual will to do so from the government, who's rather enamoured with all the lobbying money they get from real estate investors and is therefore pretty keen on maintaining the status quo for as long as they can.

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