Posted on 05/11/2018 9:23:08 AM PDT by SeekAndFind
The great things about liberals is that even though most have never run a business, they all know exactly how businesses should be run. It's as if all those courses they took at Amherst or Yale on women's studies, art history, and neo-colonialism gave them an intuitive sense for market forces, and exactly how much businesses should pay employees, exactly how much in taxes businesses should pay, and how to run every aspect of their companies.
It's hardly surprising, then, to find an exposé in the Washington Post focusing on Fox News commentator Sean Hannity. Hannity spent millions of dollars to buy ownership in over a thousand rental properties, and then, once he acquired ownership, he started evicting tenants left and right – all for the "crime" of not paying rent! How bizarre is that? When Sean Hannity invested millions of dollars in rental properties, he actually expected the tenants to pay rent to him!
Liberals, of course, know that this is immoral and scandalous – the economic equivalent of keeping a "brown slave" like Eric Schneiderman or sexting while babysitting like Anthony Weiner.
Here's what the intrepid business experts at the WaPo uncovered:
[A] Washington Post analysis shows that managers at Hannity's four largest apartment complexes in Georgia have taken an unusually aggressive approach to rent collection. They have sought court-ordered evictions at twice the statewide rate – in a state known for high numbers of evictions and landlord-friendly laws – and frequently have done so less than two weeks after a missed payment.
All good points! Rental properties like Hannity's are exactly the same as all other rental properties in Georgia, therefore the eviction rate should be exactly the same. The WaPo knows this because, well, it just does is!
(Excerpt) Read more at americanthinker.com ...
We had one rental in Scotts Valley. Worst mistake of our lives. He made two or three rent payments and stopped. We started eviction after about a month. Took us 4 or 5 months to evict him in Santa Cruz County. He stripped the place clean - stole appliances, light fixtures, hot tub pump. He hadn’t paid his utility bills, so water was shut off, but he kept crapping in the toilet. Place was knee deep in filth, junk and porn magazines when we finally got in. We got into it with some other investors and we put an idiot in charge of finding a tenant. He didn’t have a clue how to evaluate a tenant.
A neighbor friend was a police lieutenant on the local force and ran the hot sheet for the guy. It was a mile long with similar scams. He would rent, make a few payments, stop paying and live six months rent free. Over and over again.
To top it off, the El Nino of 1983 washed a HUGE gulley in the middle of the road leading to the house which wasn’t repaired for ages. You couldn’t drive to the house with that big ditch running down the middle of the road. Yes, it was a paved road! Think the Oroville Dam spillway channels cut by the raging water — that’s what flowed down our street.
Real estate is an IDEAL investment.
I- income
D- depreciation
E- equity buildup
A- appreciation
L- leverage
When interest rates on savings are as low as they are currently, and a well-managed apartment complex can provide a 7-10% cash-on-cash return, it is a no brainer.
Under all is the land, and they’re not making any more of that.
Hannity has property managers, he doesn't do any of this personally.
I went to small claims 6 times and got a judgement 5. Collected once.
“landlord-friendly laws”
True! They are commonsense laws that work well. Not many landlords will evict a good tenant.
We had a judgement on our deadbeat. He was never seen or heard from again.
Rent control clamor is all over California. It’s another way they steal from the landlords.
Some people make it work, but it seems like a sucker’s game to me.
That’s David Copperfield, not Pickwick. Pickwick was jailed for allegedly not following through on a promise to marry. Bleak House has the ultimate deadbeat, Skimpole, evicted from everywhere. He is NOT a sympathetic character.
The higher percentage of dead beat renters the lower the cash flow and lower sales price
Unfortunately, dead beat renters are difficult and expensive to evict so many landlords are forced to accept a significant loss by non rent paying tenants
As soon as the rest of the tenants see others not paying they figure they can get away with it too. Instant ghettoification of the apartment building is the result is crime, vandalism, decay, drugs, booze and this start of a destructive downward spiral former the property and neighborhood in general
Smaller or cash strapped owners can get desperate to dump the properties at under valued prices when they do not have the assets to evict and want to get out while there is still some value in the property
Looks like Hannity is shrewdly buying up distressed properties like these and rehabilitation and gentrifying them
Oh, sorry for your real estate troubles! Join the party, Sam.
[We had a judgement on our deadbeat. He was never seen or heard from again.
Rent control clamor is all over California. It’s another way they steal from the landlords.
Some people make it work, but it seems like a sucker’s game to me.]
The government wants to force private business out of it so they can take over.
Does the Washington Post still have those newspaper boxes where you pay for one paper but can take the whole stack? Do they consider it theft when people do that?
Does the Washington Post even believe in ownership or private property ? American Thinker strikes out at WAPOO with its puny fist without even raising that question when repeating its diatribe against Hannity .
If I don’t make my mortgage payments, guess what happens ?
Why, da noive o’ dat guy!
So Jeff Bezos who owns the Post would not mind these same people ordering his Amazon merchandise with rubber checks.
Of course you’re right, and I copied that quote right from the online version of Copperfield. Somehow Pickwick was on my mind.
A friend and I once owned a ghetto rental house in Detroit. We had to evict a tenant for non-payment of rent. We were granted a court order and gave him a few weeks longer than the courts required.
We had a court appointed bailiff to oversee the actual eviction. I was telling some people at church about the day our tenant moved. He wasn’t even home to help. His neighbors stole everything we removed from the house.
A soft hearted girl at church told me that I was mean and unchristian for throwing out his stuff.
I disagreed. I told her that we followed the law, got a court order and he was found guilty of stealing from us.
He was a thief and no longer a tenant.
The nerve of that guy, not allowing people to live rent free in one of his properties.
... twirling his Snidely Whiplash moustache and smoking a millionaire’s fat stogie.
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