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

[Peruvian Connect]

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.

And you are perfectly oky with people using other peoples good without paying? You'd be perfectly okay with running a business that loses money and you can't do shiit about it.

 

[Apollo Creed]

This pandemic opened my eyes to that shyt, I was going to get involved in renting some properties, but no thanks. Don’t have time to deal with the headache.

yeah, been said if I did anything it would be commercial and hell probably be my businesses in there lol

 

[Apollo Creed]

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

thank God you use all of your money to provide free housing and food to everyone....oh wait

 

[LurkMoar]

she should get a job

Only those who work should eat right

 

[Paper Boi]

Only those who work should eat right

i'm just saying... what happened to boot straps?

 

[Jekyll]

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.

That doesn’t mean that they’ve bought under these new aged underwriting requirements. You have to have a significant amount of cash on hand and show a lot of verifiable stable income, prepay alot of taxes and fees and still have a few months principal ready to spend in a checking account. Some of these banks will turn you away just off the fact that you’ve haven’t been working in your career field for that long. It’s insane.

 

[TELL ME YA CHEESIN FAM?]

@CouldntBeMeTho

I would have made those units unlivable

 

[Jekyll]

nm I’m trippin

 

[TELL ME YA CHEESIN FAM?]

Until you find out the landlord wasn’t the one to play like that and you get a bullet in your head

nikka, I'm on the landlord's side

 

[Wild self]

And you are perfectly oky with people using other peoples good without paying? You'd be perfectly okay with running a business that loses money and you can't do shiit about it.

Charging people more than 20% of their monthly income on rent, is a financially risky and unstable practice, which it took a pandemic or a societal disruption to ruin the landlords' cash flows. That business model is reckless and greedy

 

[Wild self]

Until you find out the landlord wasn’t the one to play like that and you get a bullet in your head

You mean, gun down the slumlords?

 

[Jekyll]

nikka, I'm on the landlord's side

oh my bad. The thought of somebody trashing my shyt causing me 10-20 bands brings out some energy.

 

[Xyrax]

I was always on the fence about real estate. But after this Im like, I'll just put 6 figures in a REIT before I rent a property. shyt is fukked because banks are to greedy and lobby to hard. The government should be helping small landlords like this and the tenants at the same time. But they dont mind letting these folks lose their properties to the banks man. Its a fukking shame, but I think that small real estate moves like this will die out in the next few decades. Only multimillion dollar companies will be eating the whole house/rental market.

 

[George's Dilemma]

Banks won

They always win.

 

[TELL ME YA CHEESIN FAM?]

oh my bad. The thought of somebody trashing my shyt causing me 10-20 bands brings out some energy.

Nah I'm talking about making shyt unlivable for the fakkit ass tenants
No water,no electricity..front door removed etc

fukk em