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Forum » Any landlords in here?
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Thread: Any landlords in here?

post 1690622903 09-25-2023, 03:06 AM
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Any landlords in here?

How many rental properties do you own?

How much money do you make on your rental properties?
post 1690623423 09-25-2023, 03:37 AM
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I've thought of it, could own a few, and have friends who do, but I really don't want to deal with rentcels. Ever. I just want to be left alone. Don't need that headache
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post 1690625443 09-25-2023, 05:24 AM
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Originally Posted By lightsarefallin⏩
I've thought of it, could own a few, and have friends who do, but I really don't want to deal with rentcels. Ever. I just want to be left alone. Don't need that headache
Landlords may also hire property management firms to do all the "dealing" for them.

It is a side hustle for me, no "headache" at all. Sometimes I wonder about the resilience of some posters here, if even full time employment and human interaction are "too much" for them.
post 1690625643 09-25-2023, 05:32 AM
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Originally Posted By lightsarefallin⏩
I've thought of it, could own a few, and have friends who do, but I really don't want to deal with rentcels. Ever. I just want to be left alone. Don't need that headache
It's called a property agent, how do u not know this?

I've never dealt with a rentcuck in my entire life.
post 1690625813 09-25-2023, 05:37 AM
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Was a Landlord for a number of years. Helped set me up in the current house, to enjoy it with the wife and kids.

Got talked out of keeping the rental house, since rentcels were becoming annoying as fook, thanks wife. Missed out on 40% house value gains plus years of rentcel payments. Fuark.

Never listen to what those shrill harpies have to say, brahs.
post 1690625943 09-25-2023, 05:45 AM
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Just LOL @ owning property. The earth belongs to all of us.
post 1690626223 09-25-2023, 05:55 AM
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Always Neg Back Crew.
post 1690627013 09-25-2023, 06:26 AM
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Originally Posted By 4Bertuzzi4⏩
Was a Landlord for a number of years. Helped set me up in the current house, to enjoy it with the wife and kids.

Got talked out of keeping the rental house, since rentcels were becoming annoying as fook, thanks wife. Missed out on 40% house value gains plus years of rentcel payments. Fuark.

Never listen to what those shrill harpies have to say, brahs.
This was the way for a lot of immigrants back in the day. Buy a house, rent out the basement or attic etc to cover mortgage payments.

The only folks I have ever met who deride landlord hustling are folks without the capital to make it happen srs.
post 1690627223 09-25-2023, 06:32 AM
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There's probably only two people on this entire board who respond to these threads I actually believe are legit landlords. One because he has clear financial sense and has posted proof, and one because he's the epitome of an entitled douche.

Then there's the LARPers who just like entering these threads to troll. You can guess who they are.
post 1690628003 09-25-2023, 06:59 AM
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Little known fact, most landlords don't actually know how many properties they own. They also don't know how much money they make off their properties. One last tidbit for you. Many landlords are known to live passively of their spouse's income.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1690628033 09-25-2023, 06:59 AM
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Originally Posted By Anachron⏩
Whatever you need to tell yourself to help you sleep at night, Dave.
Coping mechanisms run high in these threads. Or others where anyone says "I am happy because (X)".

"No way, man!!111".
post 1690628213 09-25-2023, 07:04 AM
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I have a few houses. I hired a property manager to take care of everything while I focus on my career.

Every time a renter misses rent I always tell myself why the **** do I bother having rentals. This month one of my renters said she couldn't pay because someone stole her bank card and emptied out her account, apparently the bank froze her account and the investigation takes 10-14 business days. I asked for proof which she wouldn't give. Gave her a 10 day notice to GTFO as this is the 3rd time in 6 month shes late on rent.

With sky high interest rates, it's important to put a big enough down payment on a rental property so that the rent you receive covers your mortgage payment (which is all ****ing interest now) and leaves you with extra to cover repairs, property tax and insurance.
post 1690628253 09-25-2023, 07:06 AM
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Quite a few of you pfhaggots living rent free in my head.


That count?
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PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
post 1690628333 09-25-2023, 07:08 AM
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Would never put up with tenants bs for the bank jews to throw me scraps while it depreciates
post 1690628973 09-25-2023, 07:29 AM
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Don't forget about those taxes
post 1690628993 09-25-2023, 07:30 AM
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Originally Posted By Anachron⏩
Whatever you need to tell yourself to help you sleep at night, Dave.
Wow, right on cue.
post 1690629113 09-25-2023, 07:32 AM
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Nice try IRS.
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post 1690629713 09-25-2023, 07:51 AM
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Post deleted by user
post 1690629893 09-25-2023, 07:57 AM
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Originally Posted By ymer⏩
Problem with that is that you are still losing money to real inflation
And fails to account for the fact that property itself appreciates if the landlord picks the proper location and jurisdiction.
post 1690630323 09-25-2023, 08:09 AM
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I have one house that I’m renting out for $2500/month

First time doing it though, current tenants have been in there for almost a year now. Just hoping they aren’t destroying the place tbh.
post 1690630553 09-25-2023, 08:14 AM
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Originally Posted By ScrillaIsBake⏩
Still with a property you have to factor in tenant damages, appliances breaking, maintenance etc. Everyone landlord I know always seems stressed and frustrated with their tenants lol
They need to update their game then.

References
Their annual income must be 40x (net) the rental amount, shown with pay stubs and bank statements
Solid credit score or guarantor agency

New landlords can be naive. Others, especially those who use bogleheads, not so much.
post 1690630643 09-25-2023, 08:17 AM
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i inheritted my moms rental properties after she died.

2 4 plexes

honestly i still kept my 40k job cuz they dont really make that much. roughtly bout 3.5k/mth after tax/deductions and assuming the tenants pay. you arent gonna make it in the rental game until you have 10+ properties. Plus now i have to deal with constant drama (noise complaints) and a lot of dumb nonsense between the tenants AKA got to drunk and lost their keys so call me at 2am to let them in.
post 1690631753 09-25-2023, 08:45 AM
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I own a house (bought before Covid) and rent out one or two of my extra rooms, since I live here as well its a different dynamic so my roommates don't fuk anything up

Each room I have rents out for $1250 per month (I'm in a hot location)
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
post 1690631983 09-25-2023, 08:51 AM
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Originally Posted By dopamine72⏩
Each room I have rents out for $1250 per month
srs?

that seems excessive. in my area rooms at most got for 600$ everythnig included, 1250 could get you a decent 2 bedroomn apartment here. i do naught be leaf
post 1690632153 09-25-2023, 08:56 AM
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We bought a cabin up in a popular lake/ski town here in CA a few years back with the intention of renting it out & moving out of state. We lived in it for a year remodeling it & making it pretty nice & cozy. We actually made it a bit too nice & really liked spending time up in the mountains. Talked to a lot of townsfolk & other landlords & all of them agreed that renters up there will ruin the property. We decided to keep it as a little get away & just have friends & family use it. Might rent it out one day when we actually do leave the state, or just sell it as it has skyrocketed in value.

post 1690632983 09-25-2023, 09:11 AM
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Originally Posted By LogicalLifts⏩
Landlords may also hire property management firms to do all the "dealing" for them.

It is a side hustle for me, no "headache" at all. Sometimes I wonder about the resilience of some posters here, if even full time employment and human interaction are "too much" for them.
Not all property management companies are worth AF though, and I've had some really bad experiences with them. Tenants paying the rent and "accounting errors" that kept them from paying ME, phone calls unanswered, voicemails, not returned, emails ignored, etc. I'm dealing with one right now that is getting ready to GTFO for those very reasons.
Originally Posted By Destor⏩
I have one house that I’m renting out for $2500/month

First time doing it though, current tenants have been in there for almost a year now. Just hoping they aren’t destroying the place tbh.
So go check on it.

If you don't then someday you'll wish you had. I promise you renters are some of THE most IDGAF "victims" of everything on earth. Give them an inch and they'll take a mile - then whine because you didn't give them 10.
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post 1690633173 09-25-2023, 09:14 AM
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Originally Posted By LogicalLifts⏩
They need to update their game then.

References
Their annual income must be 40x (net) the rental amount, shown with pay stubs and bank statements
Solid credit score or guarantor agency

New landlords can be naive. Others, especially those who use bogleheads, not so much.
I walked by my old place the other day, which I kept pretty decent care of. Coming out were three Indian immigrant males, with another one lurking in the background. Four cars in the driveway for a four bedroom house. Lawn and everything else looks like crap. Guaranteed they are wrecking the place.
post 1690633573 09-25-2023, 09:23 AM
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Originally Posted By SoulOfWarmth⏩
srs?
that seems excessive. in my area rooms at most got for 600$ everythnig included, 1250 could get you a decent 2 bedroomn apartment here. i do naught be leaf
That's average price for hot spots in the Bay Area that are not in the chithole ghettos where homeless people. gang members and illegals hang out in front of your house

Unless you're old, poor, disabled or have some special circumstance be prepped to spend about 2k per month on a 1b1b apartment with 1 private parking spot (parking here is fooked)

That's still on the cheap end and not including utilities..If you want a nice place I'd say 3500 a month minimum and the cool spots are 5k+ bottom price
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
post 1690634143 09-25-2023, 09:33 AM
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Originally Posted By Bushmaster⏩
So go check on it.

If you don't then someday you'll wish you had. I promise you renters are some of THE most IDGAF "victims" of everything on earth. Give them an inch and they'll take a mile - then whine because you didn't give them 10.
We drive by there a couple times a month and the people were keeping it up quite well last time we walked through, but you never know
post 1690634323 09-25-2023, 09:37 AM
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Been renting 10 years.

Before covid was amazing

Post covid it isn’t worth it and I’m moving on from renting.


Last 4 years it’s been nothing but “I lost my job, I don’t have money, my bank account is frozen in the abyss, my fathers friend tripped last week I can’t pay rent!”

Most of all the damage I’ve had on my home, walls being punched in, my island somehow got ripped up from the floor, woman throwing non flushable wipes down the toilet causing flooding on 2nd floor multiple times, clogged drains, dirty stained carpet that costs thousands to replace, blowing up the AC condenser outside in summer by putting AC to 65 degrees in 105 degree weather, cops bothering me looking for old roommates for crimes, broken fences, dogs tearing holes in the lawn…


Breh I can go on for days. Since post covid I swear people act homeless, careless and entitled

I had one tenant try to argue he was working 2 weeks out of the month traveling and he should only have to pay half the months rent





Oh yeah can’t forget the scratched/dinged walls and door trimmings torn up from dogs and them moving ****
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