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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 1600484151 03-22-2020, 07:47 PM
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#121
  1. induced_drag
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Originally Posted By samsbolton⏩
really? how come you cant afford 30 days then? Stop telling whoppers m8
Because I did not get to where I am by being stupid. I should have not said..."I cant afford". Maybe a better statement would have been, I am not willing to go much more than 30 days.

I am not saying I am a real estate baron...I have 5 rentals. 3 and 4 bedroom single family homes. They are all paid for. I'd like to have more, but I dont buy ANYTHING unless I can pay for it in full. Never taken a loan in my life.

I do all kinds of charity and help many people out of the goodness of my heart. But at the end of the day I have a wife and kids to support. I can not let emotions prevent me from ensuring the financial security of my family.

No one was there to help me when the economy bombed in 09. I was forced to liquidate everything I have to survive for 3 years. Yep...even cashed in all my retirements. Sold off equipment. Had to do whatever I could to make a living. No one gave me any grace.

Guess what?.... I worked my balls off and with the funds of my retirement and other savings over the years was when I started acquiring my rentals. So....something that could have been the worst thing for a person....also can have an upside if you are willing to work.
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post 1600484711 03-22-2020, 07:53 PM
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#122
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Originally Posted By S0Jack3d⏩
My tenants dont pay their rent I cant pay the mortgage so unless banks are willing to forego mortgage payments, im not willing to forego the rent. Sorry rentcels.
Yeah but that's the risk you took when you decided to become a landlord. It's part of the game. Real estate used to be risky before rates were artificially lowered. The virus changed that though and risk has returned again, this time probably for good.
post 1600484771 03-22-2020, 07:53 PM
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#123
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58% of Americans have less than $1,000 in savings. No way will they let that many people go homeless. There will be rebellion 1776 revolution style
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post 1600484871 03-22-2020, 07:55 PM
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#124
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Originally Posted By ExPatriot⏩
The absolute truth and there are 10 or so guys here who know errything about errything...
The economy has been warped by the monetary policy of the last decade. That just changed though. Stay tuned.
post 1600484931 03-22-2020, 07:55 PM
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#125
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Slumlords crying poor now?
post 1600485301 03-22-2020, 07:59 PM
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#126
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Originally Posted By Anachron⏩
What are you even going on about?
Lol.

Real estate has become what feels like 80% of our economy here in Toronto.

Lots of frustrated people, myself included
post 1600485381 03-22-2020, 07:59 PM
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#127
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Originally Posted By ExPatriot⏩
Reading comprehension - not even once...
See my above post.
post 1600485411 03-22-2020, 08:00 PM
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#128
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Lolz renters have almost unlimited rights. Especially in California. And when all of them decide not to pay, enjoy going from slumlord to just slums.

Fukin lolz
post 1600485461 03-22-2020, 08:00 PM
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#129
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Originally Posted By Anachron⏩
I think the quarantine is getting to people already....
Mommy?

Mommy is that you?
post 1600486191 03-22-2020, 08:08 PM
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#130
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Originally Posted By ExPatriot⏩
You thick kunt - that has nothing to do with what I posted...

Go eat some maple syrup!
Permission to approach?

*clears throat*

I'm sorry for upsetting you my lord. The rent cheque is in the mail.

I'm also sorry for making eye contact. It won't happen again. Please let me drink this maple syrup in the corner here.
post 1600487261 03-22-2020, 08:21 PM
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#131
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brb world wide pandemic, countries shutdown, impending recession, landlords have 6 months of mortgage payment relief, even fortune 500 companies can't pay their bills going belly up, scorched earth etc, etc. Yea no reason rent might be hard to come by.
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post 1600487831 03-22-2020, 08:29 PM
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#132
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Worst I ever heard was pissed off tenants pouring quick drying cement down the drains before being evicted. The owners had to dig up the basement to find how far the cement went into the pipes. Like $40,000 in damages. That was after months of not paying rent. Heard plenty of other horror stories as well. Enough that I don't think I'd ever be interested in owning rental properties.
post 1600488481 03-22-2020, 08:39 PM
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#133
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Originally Posted By induced_drag⏩
Yes, when you run a business of any sort, you can expect people to steal from you from time to time. Nothing about that makes it right and the people condoning it need a reality check.

I did take that risk. That is why I have no problems letting the system remove people from my properties if they don't pay. I cant imagine living in a state that allows people to squat for a year or more. Nothing about that is right. When I have had to evict people, I generally lose 3 months income plus the damages the tenant has done.

(generally, someone who does not pay their rent, does not take care of a property either). I have several judgments against former tenants. One for $9500 and another for over $6000. Yes....I also get judgments against people.
Isn't the federal government passing a law that people can forego rent payments, student loans, etc., during the pandemic?
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post 1600490331 03-22-2020, 09:05 PM
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#134
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there is no way landlords around the country are going to evict hundreds of thousands of americans who don't have money for rent. Not only that, but imagine having thousands of homeless people around the country....this will just make the virus situation worse. Landlords need to stfu
post 1600490851 03-22-2020, 09:12 PM
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#135
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Originally Posted By Anachron⏩
Reds need to stfu too
looks like common sense isn't so common
post 1600490911 03-22-2020, 09:12 PM
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#136
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Originally Posted By Anachron⏩
Reds need to stfu too
stay mad clown, all you middle class bootlickers are going to be hurting just like the poor when 30% unemployment hit
post 1600491001 03-22-2020, 09:14 PM
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#137
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Originally Posted By A-man⏩
The economy has been warped by the monetary policy of the last decade. That just changed though. Stay tuned.
How did the monetary policy change? We’re not going back to the gold standard. What changes do you think will be made?
post 1600491071 03-22-2020, 09:15 PM
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#138
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Originally Posted By A-man⏩
Lol.

Real estate has become what feels like 80% of our economy here in Toronto.

Lots of frustrated people, myself included
How much of that real estate was bought via foreign investment dollars, especially from Chinese investment dollars do you think?
post 1600492061 03-22-2020, 09:29 PM
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#139
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All these foodlords taking it out on the lowest of the low by forcing poor people to exchange currency for items at the grocery store.
post 1600492661 03-22-2020, 09:39 PM
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#140
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Originally Posted By Aristotelian⏩
Not all landlords 'need' to find someone else as quickly as possible. Especially in the current situation. But people whoarerenting an investment property ofmineare going topayorget evictedand veiled threats to the contrary (ref: this will get ugly) don't change this simple fact.
If you get mortgage relief, will you pass it on to your tenants?
post 1600492831 03-22-2020, 09:42 PM
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#141
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Lol at the retarded Rentcels ITT. You don't pay rent, the bank will eventually seize property and you'll have no place to live meanwhile landlords do.
The coming of the Manlet saviour

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post 1600493491 03-22-2020, 09:50 PM
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#142
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Originally Posted By JoeDelts⏩
Worst I ever heard was pissed off tenants pouring quick drying cement down the drains before being evicted. The owners had to dig up the basement to find how far the cement went into the pipes. Like $40,000 in damages. That was after months of not paying rent. Heard plenty of other horror stories as well. Enough that I don't think I'd ever be interested in owning rental properties.
I blame the screening done by the landlords in the first place.

Screenings should always be dilegient and also be prepared to expect the worse.

Tenants who go as far as not paying and cause this type of damage are reflective of who they are as a person and their future.

Ruining their credit and having them owe the amount of damages done may not be enough but at the end of the day when all is said and done, these are the same low lifecels who struggle to get a roof over their head.
The coming of the Manlet saviour

Wants a pair of chuck norris jeans crew
post 1600493791 03-22-2020, 09:53 PM
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#143
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Originally Posted By LtGoose⏩
Lolz renters have almost unlimited rights. Especially in California. And when all of them decide not to pay, enjoy going from slumlord to just slums.

Fukin lolz
Not sure about Cali laws but if landlords decide to sell their property and cash out, then lol at rentcels
The coming of the Manlet saviour

Wants a pair of chuck norris jeans crew
post 1600493801 03-22-2020, 09:53 PM
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#144
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Landlords are the epitome of what is wrong with society.

Governments will move to the landlord system and citizens will become tenants - i.e. there powers will grow whilst you live without rights and in fear. Mark my words, if you prop up the property markets for so long, you end up not being in a position to afford it and the Government comes in with their buddies and occupies cities... tenants just live in cities to work for the Government. LOL
"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 1600501441 03-23-2020, 12:41 AM
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Originally Posted By Manletbolic⏩
Lol at the retarded Rentcels ITT. You don't pay rent, the bank will eventually seize property and you'll have no place to live meanwhile landlords do.
lmao the fukken banks are not even fully open. Tell me, who the fuk from the Bank is going to go to every single unemployed, broke young adult's "home" and kick them out at this very moment? Unless landlords are pointing a gun to their renters heads, nobody is going anywhere.
post 1600501491 03-23-2020, 12:43 AM
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#146
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Landlords = parasitic class
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post 1600501671 03-23-2020, 12:49 AM
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This is what happens when landlords have no restrictions. Compare London to Stockholm. In London, where the market is free, landlords can raise rent as much as they want. Use people as much as they want. In Stockholm, there are max rents by law that landlords cannot surpass.

With a free market, landlords can and will be scumbags who keep making tons of money using people's need to live close to their work.
post 1600504741 03-23-2020, 03:21 AM
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#148
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I can see how payment would be an issue, but to fcuking RAISE the rent, KNOWING ppl are being advised not to go to work? Shooting yourself in the foot yo.
Originally Posted By induced_drag⏩
Because I did not get to where I am by being stupid. I should have not said..."I cant afford". Maybe a better statement would have been, I am not willing to go much more than 30 days.

I am not saying I am a real estate baron...I have 5 rentals. 3 and 4 bedroom single family homes.They are all paid for. I'd like to have more, but I dont buy ANYTHING unless I can pay for it in full. Never taken a loan in my life.

I do all kinds of charity and help many people out of the goodness of my heart. But at the end of the day I have a wife and kids to support. I can not let emotions prevent me from ensuring the financial security of my family.

No one was there to help me when the economy bombed in 09. I was forced to liquidate everything I have to survive for 3 years. Yep...even cashed in all my retirements. Sold off equipment. Had to do whatever I could to make a living. No one gave me any grace.

Guess what?.... I worked my balls off and with the funds of my retirement and other savings over the years was when I started acquiring my rentals. So....something that could have been the worst thing for a person....also can have an upside if you are willing to work.
I'll give you props on that along from your survival to now having property and a family(srs).

My assumption in a situation like this, is that the banks would understand that people would be unable to pay based on the state's decision to shut down certain araes where they work and try to compromise, not press the issue. I'm assuming that's not the case? in a situation where this could possibly be until november or december where this **** is done for?
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post 1600504831 03-23-2020, 03:32 AM
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#149
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Originally Posted By induced_drag⏩
Because I did not get to where I am by being stupid. I should have not said..."I cant afford". Maybe a better statement would have been, I am not willing to go much more than 30 days.

I am not saying I am a real estate baron...I have 5 rentals. 3 and 4 bedroom single family homes. They are all paid for. I'd like to have more, but I dont buy ANYTHING unless I can pay for it in full. Never taken a loan in my life.

I do all kinds of charity and help many people out of the goodness of my heart. But at the end of the day I have a wife and kids to support. I can not let emotions prevent me from ensuring the financial security of my family.

No one was there to help me when the economy bombed in 09. I was forced to liquidate everything I have to survive for 3 years. Yep...even cashed in all my retirements. Sold off equipment. Had to do whatever I could to make a living. No one gave me any grace.

Guess what?.... I worked my balls off and with the funds of my retirement and other savings over the years was when I started acquiring my rentals. So....something that could have been the worst thing for a person....also can have an upside if you are willing to work.
Pro tip, get your story straight before posting. No need to get uppity with me sunshine, it was you who contradicted yourself. I’m the foremost misc callout expert.
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post 1600504991 03-23-2020, 03:39 AM
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#150
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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.
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