PLEASE HELP. My tenants organized and are saying they won't pay rent this month. ALL OF THEM.

[DonFrancisco]

I blame the land lord on this one. Before you buy a property you always and I mean always calculate the following:

1) Captial expenses (10-15% of your rent income per month)

2) vacancy fund (3 months of revenue of your unit(s))

3) taxes

4) maintenance (10-20% of your revenue)

5) marketing/agent fees

If you calculate that before hand and you make a profit margin of 4-7% then you invest.


What this tells is this landlord was operating on the margins and was misallocating funds. This person for sure didn't allocate for 3 months of vacancies. A pandemic isn't the time the person will have issues that threaten revenue.

 

[ThrobbingHood]

The Coli

Where 100% of the population should be entrepreneurs and own property but fukk you if you're an entrepreneur and own property.

Broke nikka: “black people should own more properties to stop CACs gentrifying the hood.”

Smart nikka: “I own multiple properties.”

Broke nikka: “NO! Not like that you greedy capitalist pig.”

 

[OH SOHH TRILL]

Broke nikka: “black people should own more properties to stop CACs gentrifying the hood.”

Smart nikka: “I own multiple properties.”

Broke nikka: “NO! Not like that you greedy capitalist pig.”

This thread is basically the debate smart dumb nikkas have been having about Jay-Z since like 2002.

 

[ArKane24]

I don't plan on working for the white man till I'm 60 years old, so yes I'll be buying up real estate and charging for a profit

Say, Bro......why are you ignoring @Rhakim statement about you using an OT verse as your name, but then envying your oppressors’ nefarious methods to gain ill-gotten wealth which is exactly what YAH says not to do.


“And how dare you have an Old Testament verse as your name and cape for this situation.

You landlords didn't put the land there, God did. The only reason you "own" the land is because you rushed around and bought it up before other folk had the opportunity, took advantage of their poverty, and now profit off them with the sole rationale that you have more money than they do.

I want to see your response to @Rhakim ‘s quote right here

“In the Old Testament every family in Israel is GUARANTEED a home to live in that they own, and the Hebrew Law states that every family will always have that right. God WANTS people to own their own homes. And when people in Israel starting accumulating property and fukking with other people's right to have their own place, God came down hard on them.

Ah, you who join house to house, who add field to field, until there is room for no one but you, and you are left to live alone in the midst of the land! The Lord of hosts has sworn in my hearing: ”Surely many houses shall be desolate, large and beautiful houses, without inhabitant.”
Alas for those who devise wickedness and evil deeds on their beds! When the morning dawns, they perform it, because it is in their power. They covet fields, and seize them: houses, and take them away: they oppress householder and house, people and their inheritance. Therefore thus says the Lord: ”Now, I am devising against this family an evil from which you cannot remove your necks, and you shall not walk haughtily, for it will be an evil time.”
“But whom do I treat unjustly,” you say, “by keeping what is my own?” Tell me, what is your own? What did you bring into this life? From where did you receive it? It is as if someone were to take the first seat in the theater, then bar everyone else from attending, so that one person alone enjoys what is offered for the benefit of all—this is what the rich do. They seize common goods before others have the opportunity, then claim them as their own by right of preemption. For if we all took only what was necessary to satisfy our own needs, giving the rest to those who lack, no one would be rich, no one would be poor, and no one would be in need.”

Or are you going to keep being double-minded and fork tongued with Bible verses directly contradicting your stance? Bottom line is you’re not supposed to be rich. No one is. Everyone is supposed to have what they need to live and that means no gross over-accumulation of resources by individuals should even exist. The words are there in plain black and white to show you the eventual reward for being excessive and greedy to the point of causing problems for the next person.

 

[Astroslik]

Coli - the perspective of people who ain’t never owned shyt. Lol @ the thought that landlords, let alone independent landlords, are supposed to let tenants live for free.

I’m all for working with people who reach out respectfully, i had a landlord do it for me in the past, but the entitlement of tenants is astounding.

A lot of posters here have a poor mentality. They can't even fathom owning anything so they dont know what that perspective is like.

 

[CouldntBeMeTho]

Motherfukkers with 30 year mortgages calling anyone dumb

 

[-G$-]

i'm also enjoying the part of this thread where people are conflating rent revenue with gross income

 

[CouldntBeMeTho]

A lot of posters here have a poor mentality. They can't even fathom owning anything so they dont know what that perspective is like.

Bought my shyt with cash. Already told my lil cousin who rents it she's good for the month.

Stop making assumptions

 

[87 others]

This negative sentiment against landlords has always existed. People have to go out and bust their ass for money, while a landlord simply collects money from people to live somewhere. Show me a landlord that works as hard as a barista, construction worker, waiter, etc. A landlord doesn't have to wake up early, stay somewhere for 8 hours a day, commute for 2-3 hours to and from work, and certainly doesn't have to remain busy like a robot. As far as "jobs" go, I imagine being a landlord is one of the easiest. Yeah, you have to evict people sometimes. You might get a bad tenant. Ok, so go to court and remove them. Being a landlord is easy compared to just about every job out there. It's like a nice little white collar job, but with a lot more freedom.

Not to mention because of wealth imbalances, a lot of landlords inherited their rental properties. People don't see it as fair.

You cannot be serious Most landlords are just people with jobs and good credit who saved up some money for a down payment and are now renting their property out to cover the mortgage expenses. "A lot of landlords inherited their wealth..." That's straight up bullshyt that you pulled out of your ass hoping that nobody would call you on it. If being a landlord is "easy" then go and do it ol' woe is me ass nikka. The opportunity is there you lazy ass entitled piece of useless shyt.

 

[Astroslik]

Bought my shyt with cash. Already told my lil cousin who rents it she's good for the month.

Stop making assumptions

A lot does not mean all.

Hit dogs shall holler though

 

[Professor Emeritus]

House of cards built off debt falling apart.

And this is the fundamental problem with our society. This sentiment right here.

That line [it's not personal, it's business] has been used too much to justify downright wickedness. It is personal.

Say, Bro......why are you ignoring @Rhakim statement about you using an OT verse as your name, but then envying your oppressors’ nefarious methods to gain ill-gotten wealth which is exactly what YAH says not to do.

Wisdom being dropped from all over in this thread.

Evict one of them. The one that would garner the most sympathy. Show the others that you have a spine

I'd cut off every utility I possibly could on they asses if I couldn't kick them out

Coli - the perspective of people who ain’t never owned shyt.

And then there's this.

A lot of posters here have a poor mentality. They can't even fathom owning anything so they dont know what that perspective is like.

Repeating lines you heard from get rich easy real estate schemes isn't the way to sound smart.

 

[Torrential]

Dude STFU. You're worried more about the landlord than the average worker right now. Exactly why this country is such a shythole

Coli dudes taking political advice from cacs and Indians. @the cac mamba @śïñe•qúå_nøn

these two elitists are the worst .

 

[Maddmike]

Being a landlord is tough work. With 32 units she's running a leasing office with employees she has to pay. Maintenance office with employees that need to get paid. Pay for electrical/alarm/utility etc inspections that will get you fined if you miss the deadlines. Property taxes, mortgage, her own bill's...Take care of any damage to the units. Pay cleaning crews etc. And all of that's just the tip...

Hell yall smoking?

 

[the cac mamba]

Coli dudes taking political advice from cacs and Indians. @the cac mamba @śïñe•qúå_nøn

these two elitists are the worst .

 

[Ezekiel 25:17]

Say, Bro......why are you ignoring @Rhakim statement about you using an OT verse as your name, but then envying your oppressors’ nefarious methods to gain ill-gotten wealth which is exactly what YAH says not to do.


“And how dare you have an Old Testament verse as your name and cape for this situation.

You landlords didn't put the land there, God did. The only reason you "own" the land is because you rushed around and bought it up before other folk had the opportunity, took advantage of their poverty, and now profit off them with the sole rationale that you have more money than they do.

I want to see your response to @Rhakim ‘s quote right here

“In the Old Testament every family in Israel is GUARANTEED a home to live in that they own, and the Hebrew Law states that every family will always have that right. God WANTS people to own their own homes. And when people in Israel starting accumulating property and fukking with other people's right to have their own place, God came down hard on them.

Ah, you who join house to house, who add field to field, until there is room for no one but you, and you are left to live alone in the midst of the land! The Lord of hosts has sworn in my hearing: ”Surely many houses shall be desolate, large and beautiful houses, without inhabitant.”
Alas for those who devise wickedness and evil deeds on their beds! When the morning dawns, they perform it, because it is in their power. They covet fields, and seize them: houses, and take them away: they oppress householder and house, people and their inheritance. Therefore thus says the Lord: ”Now, I am devising against this family an evil from which you cannot remove your necks, and you shall not walk haughtily, for it will be an evil time.”
“But whom do I treat unjustly,” you say, “by keeping what is my own?” Tell me, what is your own? What did you bring into this life? From where did you receive it? It is as if someone were to take the first seat in the theater, then bar everyone else from attending, so that one person alone enjoys what is offered for the benefit of all—this is what the rich do. They seize common goods before others have the opportunity, then claim them as their own by right of preemption. For if we all took only what was necessary to satisfy our own needs, giving the rest to those who lack, no one would be rich, no one would be poor, and no one would be in need.”

Or are you going to keep being double-minded and fork tongued with Bible verses directly contradicting your stance? Bottom line is you’re not supposed to be rich. No one is. Everyone is supposed to have what they need to live and that means no gross over-accumulation of resources by individuals should even exist. The words are there in plain black and white to show you the eventual reward for being excessive and greedy to the point of causing problems for the next person.

Why do I have to work 5 days a week? Why can't I spend more time with my family and friends? Why do I have to spend most of my life working only to finally enjoy at 60 years old?

If there's a means of leaving the daily grind then I'm taking it, whether it's starting a business or investing in real estate

It's not about being greedy. I couldn't care less about being rich.