Bullshit. Plenty do invest that way, particularly now interest rates are so low.
And plenty of those will have chosen to invest their money in rental propertys.
Bullshit once we have a viable vaccine.
Can you write anything without insults?
I'm a landlord, I'd have no problem reducing or delaying rent for a tenant out of work because of factors beyond their control (such as this current pandemic).
Are you a landlord? Have you ever been one?
Indeed, that's the case. Most of them do it within their means have have no issues with short term income shortages.
Nobody (except you) is talking about deadbeat tenants in this thread - we're talking about those unfortunate to be adversely impacted directly by the abyssmal failure of the United States to control the virus.
Like they have no savings? In any case, the property taxes in most states will be a small percentage of the actual rental payment, and the maintenance/insurance costs aren't much more.
If you must know, most went to the hospice that took care of my wife in her final days. Salvation Army got a chunk, as did two food banks. I don't need that one and don't need another.
Its comfy down in the deep hole. Landlords have to eat too.
Years ago I thought about buying properties for rental but too many headaches to deal with.
I didn't need to know, but good for you.
I was sort of disappointed that they sent me anything, but i guess it would be hard for them to figure out each individual case.
I rented part of a 2 family lived in the other part. After dealing with a few tenants I decided never again. So, in my experience you are absolutely right about the headaches.
Well, I should clarify. Good about what you did with the money. Too bad about your wife. Mine passed 7 years ago. Married 52 years.
I figured what you meant. 14 months ago. 53 years together.
I must have gone 5 years where I'd think about her every day. Now I sometimes skip a day or 2.
Lets go back to fighting about politics, this sucks.
The renter is as obligated to save up for a rainy day sa the landlord isn't he?
Taxes, insurance and servicing the mortgage is far more than a small percentage of the rent too. Most landlords I know are only returning around 5-6% on their investment, assuming they actually can collect the rent.
Yes I was a landlord for 15 years, When I lost my tenant, I sold the property instead of throwing the dice on another one. I talked to the other people in the condo about who was showing up for their rentals and I wasn't going to play that game.
Starting to think you may be right when you talk about eradicating the right.
Not my orgasm, not my problem. Get it?
Why do democrats always expect someone else to pay the bills?
You're right. The same is true with people who don't wear masks!
Trying to control a virus is like trying to herd cats. (I've seen this said by many people before.)
Your error is believing a country the size of the US can "control the virus."
My parents had a flat they rented. After observing that close up I had absolutely no desire to become a landlord.
Yep, some of those accomplish their own death, fortunately.
How odd that China can.
China can control the news and they are enforcing quarantines with AK47s.
That isnt how they controlled the virus in Hubei and Wuhan.
That's a lie.
In alt.home.repair, on Fri, 04 Sep 2020 16:36:56 -0400, Dan Espen snipped-for-privacy@gmail.com wrote:
For the record, and I was probably going to say this even if you hadn't written this. I certainly don't think all landlords are mean.
I was just showing objections to the two reaons given. Those are not the only reasons why they need the money, and OTOH, people who have been laid off, esp. through no fault of their own, and when more than 10% are suddenly laid off or their business is not doing business, so most can't get another job, shouldn't, in the "richest country in the world" as people have said for so long and so often, become homeless.
This refers to "the perception is all landlords are just mean people taking money from the poor renters" I confused th ings by posting in the middle of that prhase.
I think Ed was reporting the feelings of a substantial % of the population, not saying he thought it's true.
I watch the People's Court almost every day, and there are loads of cases, one today, of landlords and tenants, withheld security and other issues, and Harvey like to ask the people watching on a monitor outside something like: . Who are not trustworthy, landlords or tenants. And
40 or 45% says landlords. 40 or 45% say tenants. Only 5 or 10% have the sense to say a little of both. (Harvey tends to manipulate them into giving the wrong answer, or the answer he thinks is right even when he's wrong.I agree. But Ed is referring to onlookers among the general population. or 40% of them.
By the way, my mother kept and rented the house she lived in after her first husband died. Partly because** it was a double and her mother own the other half. Her sister handled things when my mother lived out of state, and after her second husband, my father, died, she went back home and handled it herself. She was a good landlady. I remember one tenant. She gave him a discount on the rent in return for his fixing the wet basement. He said he was handy, could do it. Months went by. He did nothing to fix it, fell behind on his rent, and called the city to report the wet basement. I've always figured that was meant to give him an excuse for being late on or not paying the rent, which makes it vile. Yet, one day I was 13 and my mother wasn't home, he came by and paid two months' worth of rent. He could easily have said that she wasn't home and he wasn't giving it to a kid. Right after that, he moved owing maybe half a month on the rent. So I don't understand him.
I have had only 3 landlords (5 if you count two I'll explain)
When I was still in college, two PHD student friends and I got an apartment. Larry told them I was his wife's younger brother, iirc, because they probably didn't want to rent to students. He had no wife. We took care of the place, no problems, and 2 years later, they problably knew they were renting to (other) students.)
My brother for six months, Ne rent paid. Great landlord, not counting him Two girls for 3 months. One rather pretty and nice to me, the one in charge of the rent, not pretty and not so nice. They were probably lovers. Second one stalled me off and never returned $50 security deposit. I let it go. I don't count her among the landlords, though legally she was.
Two other girls for 3 months. They were subletting themselves from an academic away for the summer. We got along fine. I had a gf most of the time. Big issue, do I repair the piano without asking anyone? Since that was the deciding reason I moved in, the answer was yes. Two months after the end of summer, the real tenant is back and he calls me. "Did you live at nnn Eastern Parkway? -- yes -- Did you make changes to the piano? -- yes (ohoh, trouble) -- I want to thank you for that. My little girl kept dropping coins into the keyboard and several keys didn't work. Now they're fine. I'm moving to a furnished house in NJ. Do you want to borrow the piano!) Yes!!!! I had the piano for 6 or 7 years, until he took it back. I dont' count him as a landlord or the two girls.
Girlfriend found me apartment in her building. Met the landlady, everything was fine. I brought in a black roommate for the summer, and in the fall my ex-girlfriend and her 3 female roommates all left their 6 room 3-bath apartment at the same time and they let me have it. Signed a new lease. Soon landlady found out about the black roommate. She was mad at me, I heard. If she told me it was against the rules, I would have ignored her. I can't remember if she'd said anything. So no problems with her. She sold the building, retired to Florida, and didn't do anytyhing about my security deposit, but I had my receipt, so I guess she didn't have to.
Next landlord was allegedly a plumber. He had beeing installing trash compactors in buildings whose furnace was no longer legally allowed to burn the trash, because it wsn't designed for that and made lots of pollution. He was terrible. He illegally turned the heat down during the day, hurting all the old people in the buiding who didn't have jobs to go to (Some were in their 80's) and the father said, killing a baby. (I later turned the heat up for everyone, all the time without telling him. ) His repairmen did a terrible job. I never asked for repairs except once a batrhoom leak upstairs damaged my bathroom wall. When they were done, the plaster had swirls like a birthday cake. (He couldn't fix an oil leak supplying the furnace and had a bucket under one of the joints. Furnace often out of order for a day, even 2. (He didn't know how the water systerm worked so there was no longer enough pressure for the flushometers most the time, and when someone in a line did flush, the shower turned from hot to cold. There was no setting that was tolerable both hot and cold. That's when I turned to baths. He coudn't screw those up. I foudn a book and xeroxed a page explaining his (complicated because it was a 6-story building) water system, but he didn't acknowledge it and the plumbing never worked any better, stayed bad. (Ours was the nicest building he owned. He treated the others worse. (After I moved out when he didn't rent the whole thing right away, he started illegally splitting it in to 2 apartments, I went back looking for a missing painting (later found in a suitcase I thought was too small to hold it) and he was planning to convert a little hall closet into the second kitchen. It was only as deep as a hanger with a heavy coat on it, and 3 feet wide and that was to be the kitchen, illegally. He only stopped because he did find a group of girls to rent the whole thing, but it looked worse than when I left.
So I guess I had one good landlord, one good/racist landlady, and one terrible landlord, and my mother was a good landlady.
**She also had a simple room built in the attic and stored some stuff there, inclding interestingly her late husband's medical equipment, which she thought their 5 year old son would use when he became a doctor. And by golly he did become a doctor, but by then 20 years later, the sterilizers looked obsolete (although I don't think they were), the desk chair is all wood, no cushion and it doesn't rotate, and probably nothing else was very ueful either*** But double by golly, he became a radiologist and so he works in a hospital or some other place where they already have a nice chair and radiologists don't use sterilizers. ***I still have his father's chair. I use it to stand on to open or close the basement window. If I got rid of it I could put 3 more shelves in a built-in bookshelf I made that it sits in the middle of. But what would I stand on? Of course I offered it to my brother, 20 years ago. He doesn't want it. He's not sentimental about furniture.HomeOwnersHub website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.