Landlord's debt spirals out of control after renters refuse to apply for rental assistance

[Commish]

That landlord need to cut her losses and sell her property.

It is an unfortunate situation, but some renters will take advantage if allowed....

 

[GoAggieGo.]

I feel for her.

 

[UberEatsDriver]

Breh, it's incredibly difficult to evict a bad tenant in many states. Again, the reason for these regulations is because of shytty landlords who took advantage of tenants. There has to be balance.

Thought that was mainly north eastern and west coast states

 

[UberEatsDriver]

Honestly banks should only give mortgages to people who can afford the full mortgage of a multi family home or at least have enough emergency savings to do so. These landlords rely on these tenants too much

 

[UberEatsDriver]

I bought my property almost a decade ago. I have section 8 tenants whom were referred to me by my uncle. I trust his judgement so I decide to give these ppl a chance and its been great so far. They take care of the units and pay their portion of the rent on time. When COVID hit they immediately reached out to me to work something out, just in case they were to lose their jobs. Which I respected immensely.
My 3rd unit I rent out to my sister and brother. That's a whole another story

Yea dont rent to family lol

 

[Rusty Kuntz]

True, I dodged a bullet. I was very close to renting my house last year in July. I did a background check on the lady and her husband and saw 3 different eviction court orders…

I always do a tenant check, just to see if folks are upfront with me on their application. If they have an eviction and it's old, I'm more lenient if they own up to it on their app. If they lie or omit an eviction, then they won't even be considered.

 

[TaxCollector13459]

this how breh was when she asked about that application

 

[Deucage]

Strap yourself up by your bootstraps Mao should’ve done a worldwide tour

 

[Mega]

Yea dont rent to family lol

Nah, they cool. I don't charge them rent since they are both still in college.
All that I ask of them is to slide me a lil dough for the quarterly real estate tax and trash/sewer bill.
They usually give me the money.
But then I will get a phone call from my mom asking "Why are you extorting your brother and sister"

 

[Theodoresolderbreh]

bootstraps cac

 

[Buckeye Fever]

This site loves broke, struggle dusties

They can laugh now, but them tears gonna be a bytch later

 

[Peruvian Connect]

Honestly banks should only give mortgages to people who can afford the full mortgage of a multi family home or at least have enough emergency savings to do so. These landlords rely on these tenants too much

WTF? you goofy

 

[Insensitive]

Not in red states, there’s your fukking balance. We shouldn’t be throwing people in the streets in the first place. No one in America should be homeless. Also fukk landlords

Mao did nothing wrong

I've been pushed further left while also gaining more ground in my rentier capitalist endeavors.


Moa was right but the allure of "Financial Freedom" is a powerful one.

 

[Jekyll]

Honestly banks should only give mortgages to people who can afford the full mortgage of a multi family home or at least have enough emergency savings to do so. These landlords rely on these tenants too much

You sound like someone who hasn’t bought a property since 2008.

 

[UberEatsDriver]

You sound like someone who hasn’t bought a property since 2008.

I sound like someone who hears landlords crying every other day on the news about the fate of their properties because their tenants won’t pay up.