Landlord Dies After being Pushed Down Stairs

[GnauzBookOfRhymes]

They cant afford to pay the rent u think they can afford good attorneys?

When you file for an eviction, it becomes a public record and attorneys who represent tenants will reach out to the person being evicted (in the same way that you get contacted by auto accident attorneys). They will talk to the tenants and if they become aware of any wrongdoing by the landlord, they will seek payment/fines during the eviction process and get paid on a contingency basis. The most common way this happens is thru security deposits. Most ppl don't know this (I learned the hard way) but when you take a security deposit (at least here in Chicago/Cook County) you're supposed to put that money in a separate, interest bearing bank account. You're supposed to also pay that interest to the tenant for as long as they're in your unit. Failure to do so = a fine of 3 times the security deposit. If the rent on the unit is $1,200 - that is $3,600 right there that the landlord has to pay out. The attorney will take 40% and all they did was show up to one court date and file a motion. A cpl hours work tops.

There are also many public interest attorneys/legal aid etc options for tenants.

 

[Astroslik]

Illinois.

Yeah every state is different but at the end of the day you still need to file immediately. You can always stop the process if there is a resolution in the interim.

The other thing is that a lot of these issues can be addressed beforehand by actually doing the background check/credit/reference check. A lot of landlords are just thirsty to have someone in the unit and skimp on that shyt. Very dangerous game. If you're in the hood then Section 8 is the best route.

How much down payment did you put down on your unit? What area?

 

[GnauzBookOfRhymes]

How much down payment did you put down on your unit? What area?

I'm in Austin/Columbus Park, E. Garfield Park, N. Lawndale and McKinley Park

My first building (Austin) I walked out of the closing with a check for close to 5K. Guaranteed Rate had these FHA programs with almost nothing down (1-3%) and I got the seller to give a large credit (increased the purchase price). I was young and didn't have a ton of cash. I used that money to fix a bunch of minor things that I knew I'd need to address to get it approved for section 8. I refinanced a cpl years later to a conventional. There's no need to be putting down 20-25% for rental properties. Assuming you have good credit the lenders all have financing products that don't require 25%. For my subsequent properties I would buy them bombed out cash, then get short term construction loans or go to rich friends/business partners. Basically use their cash to do the renovation and give them a preferred interest rate (much higher than what they'd get in a savings account) and pay them back when I've refinanced. Keep detailed records since lenders will want to see that your properties are profitable.

 

[Astroslik]

I'm in Austin/Columbus Park, E. Garfield Park, N. Lawndale and McKinley Park

My first building (Austin) I walked out of the closing with a check for close to 5K. Guaranteed Rate had these FHA programs with almost nothing down (1-3%) and I got the seller to give a large credit (increased the purchase price). I was young and didn't have a ton of cash. I used that money to fix a bunch of minor things that I knew I'd need to address to get it approved for section 8. I refinanced a cpl years later to a conventional. There's no need to be putting down 20-25% for rental properties. Assuming you have good credit the lenders all have financing products that don't require 25%. For my subsequent properties I would buy them bombed out cash, then get short term construction loans or go to rich friends/business partners. Basically use their cash to do the renovation and give them a preferred interest rate (much higher than what they'd get in a savings account) and pay them back when I've refinanced. Keep detailed records since lenders will want to see that your properties are profitable.

You’re near my old hood. How’s the tenants out there? I know my people can be alittle difficult

 

[BaggerofTea]

Who's more wrong tho? The old man who rented a room to this man for the low, then slashed rent by 50 percent so dude could afford it? Or the dude who refused to pay dirt cheap rent and physically attacked the old man because he had to go, leading to the old guys death.

Who looks worse in this scenario?

Evidence of this scenario?

 

[TillWeDie]

That kid did some Cobra Kai on the landlord

 

[GzUp]

He hit his head hard on the concrete

 

[Rarely-Wrong Liggins]

New York tenant laws are pretty wild. If you’re trying to evict someone, it could take like a year to finally get them out.

Good. Much better than Texas and their three week bullshyt.

 

[GzUp]

At the end of the day u have the right to defend any intruder from going in your house.

If the landlord was black and the tenants were white this wouldn’t even had made the news

 

[5n0man]

Evidence of this scenario?

That's what the article says.

 

[dora_da_destroyer]

Good. Much better than Texas and their three week bullshyt.

*note to self...buy Texas property*

 

[Lord_nikon]

Go to jail the rest of your life rent free brehs

I'm sure he want do that much time

 

[Dameon Farrow]

He missed every step

Yep dudes in here downplaying what happened need to watch the video closely. He flew a good distance and landed on his head. That would take anybody out. I don't understand why he was being so aggressive though. You can't control how someone will react to your behavior.

 

[Ezekiel 25:17]

French Revolution 3.0 about to pop off

Basically, if you a landlord and charging over 20% of a tenant's monthly income, your life is in extreme danger.

Breh the way you would be talking you'd be making about $100 profit

 

[diggy]

Landlord must have owed the Grim Reaper his first, last and deposit...he came to collect.