Posted on 07/31/2021 6:09:52 AM PDT by deport
The federal eviction moratorium in place since September is set to expire Saturday, after the Biden administration refused to extend it and Democrats in Congress couldn't muster the votes to intervene.
Housing advocates point to renters in Ohio, Texas and parts of the Southeast — where tenant protections are generally low, housing costs are high and economic problems from the pandemic linger — as particularly at risk. Even though it has its own ban in place through August, New York is also a concern, because it has been especially slow at distributing rental assistance funds to the hundreds of thousands of tenants in the state who are behind on their rent.
(Excerpt) Read more at politico.com ...
Property management is about 15% of revenue, which if you have a mortgage will eat all of your cash flow and 40% of your cash flow after taxes, insurance, hoa and maintenance if you don’t have a mortgage. I do just fine managing myself - more than fine actually - lower vacancy rate (usually just one week between properties), usually no damage to the place ever, and never had to evict anyone (currently have 6 rentals).
You sound like a good person. And right on target.
2 months security deposit is good but month to month isn’t good for you. Too much vacancy and too much hassle. I charge 1 to 2 months security deposit depending on credit score and job history. 720+ credit with great job history will be one month. 560 credit with so job history will be first months rent + 2 months security deposit if I even lease to you at all.
Property management is only about 5% of my revenue. Rental rates are high, here.
“I just think those who don’t pay are often unwilling to make the adjustments necessary to make it work. And if you really can’t pay then move in with a family member or take a room somewhere.”
...this goes hand in hand with who is classified as “poor” in America. They have cell phones, 70 inch TV’s and $300 Air Jordans.
The government has no right to invalidate the terms of a valid contract. Nothing else matters. The government has illegally forced land owners to provide a place to live without compensation. This is illegal. The government’s order was invalid, illegal and unconstitutional.
The key to it all are the signs we’ve seen demanding free housing. “Housing is a right (we demand it and you have to give it to us)”. The extreme left wants housing to be “free”. It also wants food, phones, cars, TV, crack; all free. In other words, lazy slobs getting things free. At least the Soviet Union valued work. If you worked hard you were respected. Many things wrong with it, but not that.
Start by shipping all those illegals back to where they came from…
********
Biden stopped a work in progress along the southern border in
Texas that would if complete been a major asset to halt a lot
of this illegal crossings. Some come in legit but many more
don’t.
IMO many people don’t understand what is happening and the impact
it has upon the overall substanablility of the USA. History gives a
good study of what happens over time thru the generations. But as
history indicates my guess most people don’t care other than to gripe.
Why are you worried about the greedy, evil landlords? < /S >
Every crisis generates victims. Every crisis without a victim only serves as a means for the next crisis, and so on all running concurrently until everyone is a victim of a crisis in need of "Assistance".
The role of the media is to ensure the daily threat of becoming a victim of said crisis is just the next trip out the front door.
“With 20 years of this under our belts, we can say, background checks, former landlord calls, credit checks, references all pay off in having successful tenants”
I do the same. Since 2002 I have had one bad tenant.
I charge $75 per person for the checks-refunded if they get accepted. That alone weeds out most of the bad ones. People with bad credit never go further.
I have many single woman tenants. They tell me they are happy I do these checks to keep out bad element.
Many of my renters have been with me 8-10+ years.
One day the government will be assigning people homes. Of course they will confiscate from people are what they consider “too old”.
“...but a lot of people may be impacted.”
Impacted yes. Evicted, not sure on that. It’s not easy to evict someone to begin with. Laws in place are very protective of the tenant. And it can take a long time to achieve the goal of controlling and protecting your property because the government doesn’t allow you to have your property. If it was up to them, it would be their property and you’d be the tenant. Funny thing, in many ways, it already falls that way.
Don’t you pay taxes every year so they can pay someone to gather them and use them for their purposes while hiding that under the term “improvements.” (While they get their cut) And they continue to make laws not to help you, but to help themselves. They imprisoned Bernard Madoff and he died under the key. Please display the difference in him and the feds or state governments. Not too many of them.
wy69
Seems Nabzi Pelousey has it covered with her telling the CDC to renew their edict for a moratorium on evictions. Still trying to figure how an agency like CDC can order all landlords and mortgage holders to not file evictions and the state courts not allowing a legal civil filing for contract relief in the courts. Remarkable the power seemingly wielded by a sub agency of the HHS dept. of the gubbmint. Heck don’t need the legislative branch at all, let the CDC do it.
It will be an interesting correlation to see how many people 1) get evicted and 2) have turned down a job because they get too much unemployment.
Doubtful. Dems control the Executive and Legislative. They could not get it done.
LOL. Because I am one. Greed is good.
“This is the same as taking your property and being forced to quarter the King’s troops without compensation.”
Third Amendment would be an interesting angle to challenge with.
Quit whining about “those about to be evicted” and consider for a moment the landlords who have been losing their entire income stream for all these months, while these freeloaders sit at home, refusing to work, and living off of taxpayer funded gov’t checks.
Once someone moves in I never raise their rent. I increase rent on the new people moving in and once they are in I never raise their rent either. Some people are paying $700 some 800 and some 875 or 900. Depends when thye move in.
Of course this is a verbal agreement and I tell them rent could be increased if property taxes or other unforseen expenses increase but so far never have had to do so.
One woman has rented from me for 13 years and she pays the rent 3 months in advance. She has done this for 5-6 years
A friend raises his rent all the time and he as constant turnover.
I’m willing to accept less rent because I dont have to paint after someone moves out or install new carpeting or have 2-3 months of lost rent while a unit is empty etc.
Of course I have no mortgage.
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