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Forum » Based landlords getting on the front foot during this pandemic...
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Thread: Based landlords getting on the front foot during this pandemic...

post 1600505271 03-23-2020, 03:53 AM
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Originally Posted By chelshirecat⏩
those letters are pretty horrible.

Makes me wonder whether it is possible to buy a house this year rather than next, just to get some security again. It will stretch us to the limit financially though.

No danger of not being ale to pay our rent but our landlady is a nasty old lady who might try and sell up from under our feet.
they’re not real..
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post 1600505371 03-23-2020, 04:03 AM
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If you use someone's property, then you should pay for it...BUT, if the economy collapses and no one has a job and therefore no money, guess what landlordcels? The rents also collapse.

Rentcels : if you lose your job, move back home. Renegotiate the rent. If they won't budge, or can't due to mortgage, well enjoy your void period, landlordcel.
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post 1600506421 03-23-2020, 04:51 AM
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Originally Posted By 3basic5me⏩
feels batman for all the mortgagecels who use renters to pay it off. they dun goofed.

brb renter can't work so won't pay rent if this goes on for months. also landlord might not be able to work as well.
can't evict by law for six months. and at the same time bank's not gonna let you off.
Lol at 6 months, I can have a rentcel evicted in 3 weeks max

This is a tough time for rentcels I'm sure. If the government deferred mortgages on my rentals then of course I would extend the courtesy to the tenants and let them defer rent as well. However, as long as I still have mortgages to pay, they still gonna be paying rent

This is what savings are for rentcels
post 1600506781 03-23-2020, 05:03 AM
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Originally Posted By BigDeeps01⏩
Lol at 6 months, I can have a rentcel evicted in 3 weeks max

This is a tough time for rentcels I'm sure.If the government deferred mortgages on my rentals then of course I would extend the courtesy to the tenants and let them defer rent as well.However, as long as I still have mortgages to pay, they still gonna be paying rent

This is what savings are for rentcels
I'll give you that(srs). And i think looking at these times like this, A landlord tears off that band-aid and realizes that some of their tenants don't have 6 months savings.
Same could be said for landlords....tenants aren't paying? cool, i have a year or two in savings where i'll be aite if they don't pay...wait till this chit blows over and we're back in the game.
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post 1600506911 03-23-2020, 05:07 AM
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lmaoooooooooooooooo I've got a feeling landlords are going to get killed(srs). If you have a tenant that lost their job, has no savings, has no hope they will probably snap and kill you.

One of my tenants called me the other day worried about his job. I said I expect full rent paid on the 1st but we'll see how this plays out and I offered to set up a payment plan if he is unable to pay. He was very grateful. I suggest all landlords do the same in this difficult time.
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post 1600507201 03-23-2020, 05:15 AM
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Originally Posted By AgentSkyhawk⏩
I'll give you that(srs). And i think looking at these times like this, A landlord tears off that band-aid and realizes that some of their tenants don't have 6 months savings.
Same could be said for landlords....tenants aren't paying? cool, i have a year or two in savings where i'll be aite if they don't pay...wait till this chit blows over and we're back in the game.
Most definitely, I have a few years of savings where I'll be ok with mortgage payments. Its always better to work with tenants than try to play hardball if at all possible, I'd be willing to work payment plans and such if need be. But you also can't give too much or they'll take as much as they can get. It'll be a feeling out process for sure.

However Trump just halted all foreclosures/evictions on Saturday I believe so I'd imagine mortgage payments are not far off. My electric company already said a few weeks ago they won't be turning off electricity for missed payments.

I do believe this situation is exposing just how bad people are at saving though. Not even a month in to the real "panic" and people already freaking out
post 1600510331 03-23-2020, 06:26 AM
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Originally Posted By Anachron⏩
Why would you have a tenant not pay rent for a "year or two" instead of having a different tenant pay rent on time?

After the year or two is done, tenant is going to bounce before paying it back ( as shown by the sentiment of certain posters in this thread ).

Most people wouldn't lend their friends $10K, but somehow they expect their landlords to do that?
Right.

The elephant in the room is still that in a lot of markets, landlords won't have the choice of finding a different tenant who can reliably pay on time. Layoffs will likely be a rolling feature of our economy for a while as supply chain partners who held out for better days run out of cash, etc. There ain't enough essential workers to prop up the entire housing market.

A lot of landlords, when confronted with proof that someone has lost their job, might be better off offering something like a 3-month rent adjustment to cover their cashflow needs while saving themselves a time-wasting legal misadventure. Renegotiating a contract is a two-way affair.

Separately, the idea of raising rent in this environment, any fool can see that a lot of people are going to be consolidating households and that demand is going to get dunked in raw sewage.
Nah, fukk that. I’m not doing that.
post 1600510871 03-23-2020, 06:35 AM
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Originally Posted By Anachron⏩
We're on the same side here. I'm only arguing against the people who seem to think that they're entitled to a free place to live for a year or more.
Totally. I'm just pointing out that there's a space between "I want it free" and "this business relationship isn't working due to circumstances out of our control, and we need to talk about how to go forward". Both tenants and amateurish landlords tend to fail to recognize that it's a two-way business deal that they're negotiating, and waking up to that reality might prevent a lot of conflict.

I got laid off once. I came home, went straight to the owner's office, and told him point-blank that I knew exactly what my savings looked like, had three leads for new jobs, and needed to give him 50% this month and would give him 50% until I was employed again, at which point I'd give him 150% until I was caught up.

Nice old churchy guy, that building was his life. He wasn't happy, but agreed, probably because I was a low-maintenance tenant, and on the third month, I gave him the first 150% check. He just looked at me kind of surprised and said "you did exactly what you said you'd do, and I appreciate that".

It's not that hard for reasonable adults to level with each other and figure out how to make things work. Small claims and housing courts are full of people dealing with spergs who couldn't and judges are usually scanning the situation to figure out who the time-wasting ***hole is as much as they are applying the law. They're going to get more annoyed with people causing trouble where there didn't need to be any and it's best to stay out of them. Tenants need to hear that, too.
Nah, fukk that. I’m not doing that.
post 1600511831 03-23-2020, 06:48 AM
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Originally Posted By MuscleXtreme⏩
If you get mortgage relief, will you pass it on to your tenants?
Where do mortgages enter into this?

The issue is about people paying to live somewhere and whether or not landlords are "based" for expecting payments to continue.

As you can see from some serious posts in this thread, people who have lost their jobs often sit down with their landlords and work out a payment plan (like mine did with me as soon as they lost their jobs).

The rest in this thread is infantile trolling or "the uprising!" drivel of the kind you saw from incel losers after the Joker came out.
post 1600513351 03-23-2020, 07:07 AM
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my landlord tried raising my rent from 3k to $3350 per month. I told her to kick rocks, scumbag
post 1600513701 03-23-2020, 07:13 AM
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Landlords are scum. Being a landlord isn't a real job. Parasite class.
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post 1600513731 03-23-2020, 07:13 AM
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Originally Posted By Aristotelian⏩
Where do mortgages enter into this?

The issue is about people paying to live somewhere and whether or not landlords are "based" for expecting payments to continue.

As you can see from some serious posts in this thread, people who have lost their jobs often sit down with their landlords and work out a payment plan (like mine did with me as soon as they lost their jobs).

The rest in this thread is infantile trolling or "the uprising!" drivel of the kind you saw from incel losers after the Joker came out.
Because most moron landlords depend on tenants to pay their mortgages. They have had it too good for too long because of the governments free mortgage for everyone act and the Federal Reserve keeping interest rates artificially low. This thread shows some of the greed of these moron landlords and hopefully a swift kick to the teeth will teach them a lesson.
post 1600514251 03-23-2020, 07:20 AM
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Originally Posted By NorthernLad93⏩
Landlords are scum. Being a landlord isn't a real job. Parasite class.
They can be scummy just like anyone but the reality is everyone needs a place to live and many people can't get approved for a mortgage. Some people don't make enough money, some people are too old and some people move frequently for work but they all NEED a place they can rent. Blatantly exploiting these people is where the scuminess/parasitic behavior comes into it.
post 1600514301 03-23-2020, 07:21 AM
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Originally Posted By McFlavour⏩
my landlord tried raising my rent from 3k to $3350 per month. I told her to kick rocks, scumbag
Landlords who raise rents in times like this, or any in the last four years, are having troubles with cash flow. I noticed property prices rising hard in 2016-2018, but they started stabilizing in 2019 and have been flat/ downwards since. Rents usually have a lag and will be trending down hard in a month or two. DO NOT PAY UP.

As a landlord myself, finding tenants is actually harder than you think. Fortunately, I do not rely on only properties for my living.

DO NOT PAY HIGHER RENTS PEOPLE. THESE LANDLORDS ARE ABSOLUTE SCUM WHO HAVE NOTHING GOING FOR THEM AND WILL PRICE GOUGE HARD HIT PEOPLE IN TIMES OF ECONOMIC DEPRESSION. **** THEM

I implore all rentcels to band together and share. This will rapidly force property down to maintain yield. This will also place stress on the banks to reduce the valuation and loan amount gap. You can win. And resist rental increases. All the properties will go to a minority of the population who will inherit multiple properties from their based parents. What will they do with their empty rotting assets then? They will sell them at far lower valuations than they, or their parents, could ever have imagined. Now is the time. Government stimulus will need nothing short of a miracle to keep the markets up.

I want my bros and young boys to have the right to a home later in life. Endure now and you will win. You have age on your sides. **** them Boomers and their ****ty kids who are such losers.
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post 1600514411 03-23-2020, 07:22 AM
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Originally Posted By NorthernLad93⏩
Landlords are scum. Being a landlord isn't a real job. Parasite class.
It’s not a job (unless you insist on doing everything yourself) it’s an investment that happens to provide a valuable benefit to society.

The problem is rentcels insisting on living where they simply do not need to and paying way too much for the privelege. I couldn’t afford property where I grew up, for example. Pure entitlement
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post 1600514481 03-23-2020, 07:23 AM
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Originally Posted By NorthernLad93⏩
Landlords are scum. Being a landlord isn't a real job. Parasite class.
If I sell hamburgers from a food cart am I a 'parasite' on people who buy hamburgers from me?

Similarly, if I own multiple properties and rent them out to people who willingly enter into contracts to rent those properties from me, the landlord, am I a parasite?

I think a significant number of people here do not understand the basic concept of 'paying' for 'service provided'. Next you'll be saying that if I pay for a cleaning lady to come clean my place 1x a week that she's a parasite on me? just...wtf? Yeesh.
post 1600514631 03-23-2020, 07:25 AM
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Originally Posted By Anachron⏩
"Moms Basement Crew"
Nice argument and rebuttle bro!
post 1600515771 03-23-2020, 07:40 AM
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The bank’s divide and conquer game is untouchable.
post 1600515921 03-23-2020, 07:42 AM
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So are houses going to get cheaper or nah?
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post 1600516261 03-23-2020, 07:45 AM
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My friend's landlord is trying to illegally evict her right now. Saying that he's got renovations planned to take place in her unit (certainly not grounds for eviction). My guess is his mortgage can be deferred from the Covid crisis, so he's trying to reno during this deferral period. Idiot
post 1600516341 03-23-2020, 07:47 AM
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Originally Posted By ChelshireCat⏩
So are houses going to get cheaper or nah?
This is the first time since the GFC where business sentiment has been so low. If people consolidate, move back home/ live together in shared arrangements, the rental market will collapse like a house of cards AND burn like napalm thereafter. It will completely destroy property - remember, most property is in such bad shape, that you have to include renovation costs, so they will drop hard. I do not expect the stimulus provided by the government will help. It is also a good time to boycott bad companies. They will not survive.

Good luck. Times are changing. We got this people
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

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post 1600516371 03-23-2020, 07:47 AM
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Originally Posted By ChelshireCat⏩
So are houses going to get cheaper or nah?
Not hugely. Rent and mortgage holiday, 80% wages with nothing to spend it on, very low interest rates which I can’t see changing for a decade or more..

Times like these, people lock down their real assets, top priority is property. I’d bet no more than a 15% fall, and probably a lot less.
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post 1600516491 03-23-2020, 07:49 AM
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Originally Posted By Phobaphobia⏩
My friend's landlord is trying to illegally evict her right now. Saying that he's got renovations planned to take place in her unit (certainly not grounds for eviction). My guess is his mortgage can be deferred from the Covid crisis, so he's trying to reno during this deferral period. Idiot
She’s probably a terrible tenant
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post 1600516561 03-23-2020, 07:50 AM
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Originally Posted By samsbolton⏩
Not hugely. Rent and mortgage holiday, 80% wages with nothing to spend it on, very low interest rates which I can’t see changing for a decade or more..

Times like these, people lock down their real assets, top priority is property. I’d bet no more than a 15% fall, and probably a lot less.
samsbolton, we both know I am smarter than you.

It will drop hugely. If people follow the formula. It is not hard to gain back your right to be a landlord.
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post 1600516751 03-23-2020, 07:52 AM
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Originally Posted By samsbolton⏩
Not hugely. Rent and mortgage holiday, 80% wages with nothing to spend it on, very low interest rates which I can’t see changing for a decade or more..

Times like these, people lock down their real assets, top priority is property. I’d bet no more than a 15% fall, and probably a lot less.
Interesting.

I shall keep my fingers crossed for a 5% fall then. That should be all I need.
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post 1600516771 03-23-2020, 07:53 AM
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Originally Posted By Anachron⏩
Haha, I get it now, you're just trolling.
You don't get me that much. Keep trying.


"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

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post 1600516791 03-23-2020, 07:54 AM
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Originally Posted By volleys⏩
if mortgage payments aren't being suspended than neither should rent.

blows my mind that anyone rents without having at least 6 months of their rent's $$$ in their savings. although I guess if they were smart, they wouldn't be renting, would they
What if you are just out of school, and took a job away from your family. The fuk are you supposed to do? Live on the street? People like you are basement dwelling FAs. It’s easy to spot.
post 1600516851 03-23-2020, 07:54 AM
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There should be some middle ground with all of this.

If someone genuinely can not afford to pay rent because they lost their pay check due to the virus, then I feel that the govt needs to step in to help them. At the end of the day it isn’t their fault that this happened to them, and if the govt had been a bit more proactive in dealing with this (I.e. better screening) then it wouldn’t have.


I don’t think property owners should be getting fukt either though, which is usually the case in these situation.


I’m as fiscally conservative as the next guy, but we can’t have people who lost their jobs, by no fault of their own, out on the streets. It isn’t fair.
post 1600516901 03-23-2020, 07:55 AM
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Originally Posted By samsbolton⏩
She’s probably a terrible tenant
Nahh I don't think so. The landlord has tried to raise rent past the legal limit previously. He's one of the guys who give lanlords their bad reputation.
post 1600517211 03-23-2020, 07:59 AM
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Originally Posted By aleeboy⏩
samsbolton, we both know I am smarter than you.

It will drop hugely. If people follow the formula. It is not hard to gain back your right to be a landlord.
I’m talking in the uk. Can’t even be bothered to work out what you are trying to say anyway. I’m sure it wasn’t important
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
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