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

[calixprynce]

Sounds like ppl don’t really own the property and just playing middleman

 

[calixprynce]

No, I said that's not hood. That is where the argument lies.

Lol nikka San Bernardino will eat you up and spit you out

 

[ISO]

I’m sure some of the tenants still getting checks or working from home a lot of people are exploiting this but some really can’t.

The landlord should have enough money to weather the storm.

 

[TELL ME YA CHEESIN FAM?]

I’m sure some of the tenants still getting checks or working from home a lot of people are exploiting this but some really can’t.

The landlord should have enough money to weather the storm.

So should the tenants
There's no such thing as rent relief, unless the landlord says so
Forget April for a minute, what about May and June?

 

[ISO]

So should the tenants
There's no such thing as rent relief, unless the landlord says so
Forget April for a minute, what about May and June?

Tenants are tenants for a reason

The average American don’t got good savings

 

[SleezyBigSlim]

Average apartment in houston = 1338$ a month

Times 32 units. Times 12 months equals over a half a million a year gross. Her expenses ain't even half that

Duuuurr I NeEd HeLP Half A MilLioN a YeaR Is My OnlY iNcOme durrrr

None of the people I know in H Town paying anywhere near that for an apartment. A 32 unit dwelling is most likely in the hood or a slum.

 

[Mr swag]

Evict them all

 

[prince_peoples]

funny point people are trying to make from a mortgage broke landlord perspective


my properties are paid off ... if you had your shyt together and actually wanted to be a real landlord, you wouldnt be doing that ticky tack mortgage my rentals out shyt
dont cry a river because you took the easy way out and were too broke to sustain your bullshyt property tax where I'm at is 1600$ these people pay off whatever and I'm done .... I guess there is a landlord problem because yall are barely making it to even call yourselves one.

nikka stop it.

Just because someone takes out a mortgage doesn’t make them broke

For example my best friend has payed off two properties that cost 400 plus k, and took out a loan for this investment property.

 

[Greenhornet]

nikka stop it.

Just because someone takes out a mortgage doesn’t make them broke

For example my best friend has payed off two properties that cost 400 plus k, and took out a loan for this investment property.

nothing wrong with taking out a mortgage at all ... and most people do it right
but when you hear the term "bad landlord" you now have the answer
money, wealth whatever ... doesnt matter if your plan is on shakey legs

I was going to juelz my way into a response but you are right, and you worded it right.
There isnt anything wrong at all and its actually smart
But I'll stick to my guns on the point that, if you expected to rent and make someone else cover the mortgage and now you wanna press for dough ... that neither of yall have. You cant solely blame the broker person trying to rent from you with no money to fall back on.

I dunno how it is in other states ... but say someone doesnt pay. Lets not use this pandemic as part of the example, just normally doesnt pay you for that month.
Everyone says "Being a landlord is so hard!" well here in New York ... you go to court. They are allowed to stay for a month while you figure it all out. They cant be evicted, and they are given a grace period by the judge to pay and straighten things out. After 30 more days by court order you can be removed from the property and wages garnished to pay what you owe. So it only really takes 3 months to get paid by a renter in a worst case scenario. It should rarely come to that if you are a good landlord. Obviously property is a super valuable asset, so people flock to it... but I run my shyt different. Things happen and people need places to stay, if you can afford to be a landlord... you can afford to understand. I dont really care for that American bullshyt "Dis A Bidness" mindset ... that only applies to broke people or insecure a$$holes. If you're paying me basically 20k a year I can easily afford to let you fukk up a few thousand dollars, I would almost expect you to need help or else you wouldnt be in this situation at all.

Your point is valid though and I know what you mean completely. But like I said about where I live.... property and school tax are 1800$ ... I could have nobody live here and electric shut off and thats all I need to pay a year. I can have a house just sit for 1800$ a year... its not a loss but its not a gain either. For me to pretend like I'd sweat at the fact someone didnt pay me for my house thats just sitting would be overkill. Its basically just waiting to make money for me, but not if I owe a mortgage on it. this is not completely directed at you, but just showing how paying it off, like your best friend did can open a billion doors.

 

[Stacker Pentecost]

Just because someone takes out a mortgage doesn’t make them broke

For example my best friend has payed off two properties that cost 400 plus k, and took out a loan for this investment property.

Using a mortgaged property as a SOLE source of income like the person in the OP does make them broke... they are now scrambling because they have no income & no savings to cover the upcoming months and their tenants have banded together in order to rent strike. Sounds like they were living tenant paycheck to tenant paycheck which makes them broke... maybe that’s not your friend and good for your friend, but becoming a landlord on a mortgaged income property is not a viable ‘get rich quick’ scheme like people make it out to be, these motherfukkers are broke scumbags and slumlords period. They are one catastrophe away from being out on the streets themselves.

Also it’s *paid, I hate when people misspell that word, pet peeve. Paid like ‘Paid In Full,’ which the OP has not done on their property!

 

[The M.I.C.]

I disagree with your interpretation of scripture entirely. For one, Leviticus is the book of law, which was fulfilled by Jesus crucifixion. But even with holding to said law (or rather obey His commands, which I have no problem with), the verses still describe price gouging and not a simple business transaction as described in this Reddit post. And if you are holding this scripture to the exact letter, are you observing the Sabbath every seventh year (aka, year of rest)? I find absolutely nothing wrong with that, btw, but one must have some level of financial freedom to adhere to this Leviticus scripture. The question is, if you're so against any form of capitalism, how did you arrive to such financial freedom?

Isaiah 5:8-10 again speaks to price gouging to the tune of pricing out your neighbors so much so that no one can afford property. There's a empty luxury apartment building across from the Staples Center in LA. It's less than 50% occupied b/c residents can't keep up with the COL. That extreme level of price gouging and the stubbornness to allow the building to remain empty is what this scripture speaks to...not an individual landlord who is worried about missing one month of rent.

And Micah is very clear that it speaks of evil wealthy men who think of evil plans...and not just men who are simply wealthy. Again, it is not irrational for a landlord to expect monthly rental payments. Truth be told, we don't even know how this landlord would have reacted to a small percentage of tenants inquiring about rent installments b/c said landlord wasn't given a change. Allegedly, all of the tenants banded together & determined that the landlord should pay for their housing, despite contracts, despite enduring the same Coronavirus pandemic, despite not knowing the profit margins or reserves, etc., etc. There are thieves in this scenario & this time, it's not the landlord.

All of my statements are under the assumption that this is not a slumlord.

The Law was not done away with because Yahshuah was executed.

Where are you getting this from? What was fulfilled?

 

[southern.girl]

The Law was not done away with because Yahshuah was executed.

Where are you getting this from? What was fulfilled?

I never said that the law was done away with...I said that it was fulfilled.

 

[The M.I.C.]

I never said that the law was done away with...I said that it was fulfilled.

What is fulfilled if the Law still applies to man to this day?

 

[southern.girl]

What is fulfilled if the Law still applies to man to this day?

People are saved by grace & not works because the law was fulfilled. It doesn’t mean that we are not to follow the law, but we are still forgiven with repentance. I really don’t know what you’re trying to argue with me about.

Either way, I still don’t have the same interpretation of those passages so I wouldn’t be breaking law based on that.

 

[Thanos]

I'm here for Bootlicking folks talking about "Ohh you shouldn't have lived there, if you couldn't afford to", What place could you afford when you lost your job and got no money? Folks love to see themselves as the landlords in these types of situations. But it literally takes one situation like this, and y'all be the tenants.