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To: know.your.why

Gently, remember the owners are from New Jersey. They are in Alabama, a foreign land. gently I would advise you to cease doing business with greedy Yankee carpet baggers and move.

Your landlord is from New Jersey and therefore bad.

And gently, you have two courses....... pay the rent or move


86 posted on 01/24/2024 4:59:14 AM PST by bert ( (KE. NP. +12) Hamascide is required in totality)
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To: bert

“Your landlord is from New Jersey and therefore bad.”

I was at a bar in Key West, the guy playing GTAR asked everyone who entered where they were from. If form NJ, he asked everyone to yell “FU”. It was halarious.


87 posted on 01/24/2024 5:04:55 AM PST by VastRWCon (Fake News")
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To: bert

Where is this concept of landlords being local a “good thing” and a landlord from somewhere else being “bad” coming from?

First off, your landlord is a company. Most likely an LLC, which has probably 3 general partners and then a bunch of limited partners (most likely 30-50). I can say this with confidence, because this is the “syndication” model and how people invest in commercial real estate. I would be quite surprised if the LLC was a NJ LLC, because a) NJ is not favorable to businesses, and b) the LLC is usually created in the state where the property is.

Now, the investors in the LLC are probably from NJ, and NY, TX, CA, WA, FL, OK ... etc, etc, etc ... including Alabama. In fact, I would be surprised if one of the GP’s was NOT from Alabama. This is because there are 3 major roles for GPs. One is the underwriter that creates the business plan, one is the capital raiser that brings other investors (limited partners) into the investment, and the third is “boots” which is short for “boots on the ground” ... a local that visits the complex once a week to oversee the hired property management company (the landlord is NOT the property manager ... one is the owner and the other is a contracted service). Hard to have “boots” if someone does not live within an hour’s drive of the complex.


90 posted on 01/24/2024 5:14:13 AM PST by RainMan (Democrats ... making war against America since April 12, 1861)
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