(08-16-2021 03:00 PM)Danforth Wrote:  

(08-16-2021 12:29 PM)VA49er Wrote:  

(08-16-2021 12:11 PM)Danforth Wrote:  

(08-12-2021 10:50 AM)VA49er Wrote:  

(08-12-2021 09:45 AM)Danforth Wrote:  I understand that but there are systems in place for the tenants to eventually pay the owed payments. There is stimulus money available for tenants and landlords.

While that is true, the implementation of that process (Hope Program) has been a disaster. Last I read NY had given out less than 10% of the funds while other states have distributed even less. Add that to the people not paying simply because they don't have to pay while owners STILL are required to fix everything, it's no wonder lots of owners are in dire financial straits. Basically, the Admin picked a side and said to hell with the other side. They did that illegally as well, according to the Supreme Court.

My parents have rental properties and here is what I know for their experiences.

It often takes several months to find tenants. It's better to keep someone who is a couple months behind on their rent than to kick them out and look for new tenants.

Also, after each tenant leaves, there is always several thousand dollars of repairs that must be made before a new tenant can move in.

Long story short, kicking people out of their rental homes is often more costly than to simply wait until they have the money to pay rent.

Evicting someone is never the first choice. Quite obvioulsy, it's the last option. No owner wants to go throught the pain and expense of evicting anyone. With that being said, it is an option and one that is perfectly legal and withing justification for nonpayment of rent. However, given today's market, I would not be surprised if many owners may want to get out of the rental business and sell to take advantage of high home prices.

But we are in a pandemic. If landlords can afford to let their tenants stay until they can pay rent again they should. I know my parents did.

That's a big "if". It's hard to pay for something with no income coming in, especially when one is required to perfrom maintenance and pay a mortgage. It really is that simple. Those that can will almost always try and work with a rentor for reasons already described.

We are in a plandemic. Big difference.

(08-16-2021 03:31 PM)VA49er Wrote:  

(08-16-2021 03:00 PM)Danforth Wrote:  

(08-16-2021 12:29 PM)VA49er Wrote:  

(08-16-2021 12:11 PM)Danforth Wrote:  

(08-12-2021 10:50 AM)VA49er Wrote:  While that is true, the implementation of that process (Hope Program) has been a disaster. Last I read NY had given out less than 10% of the funds while other states have distributed even less. Add that to the people not paying simply because they don't have to pay while owners STILL are required to fix everything, it's no wonder lots of owners are in dire financial straits. Basically, the Admin picked a side and said to hell with the other side. They did that illegally as well, according to the Supreme Court.

My parents have rental properties and here is what I know for their experiences.

It often takes several months to find tenants. It's better to keep someone who is a couple months behind on their rent than to kick them out and look for new tenants.

Also, after each tenant leaves, there is always several thousand dollars of repairs that must be made before a new tenant can move in.

Long story short, kicking people out of their rental homes is often more costly than to simply wait until they have the money to pay rent.

Evicting someone is never the first choice. Quite obvioulsy, it's the last option. No owner wants to go throught the pain and expense of evicting anyone. With that being said, it is an option and one that is perfectly legal and withing justification for nonpayment of rent. However, given today's market, I would not be surprised if many owners may want to get out of the rental business and sell to take advantage of high home prices.

But we are in a pandemic. If landlords can afford to let their tenants stay until they can pay rent again they should. I know my parents did.

That's a big "if". It's hard to pay for something with no income coming in, especially when one is required to perfrom maintenance and pay a mortgage. It really is that simple. Those that can will almost always try and work with a rentor for reasons already described.

If someone has like four houses they are probably using conventional mortgage and backed by Fannie / Freddie and pretty easy to get a forebeafance on while your tenant can't pay. Not the first option, but an option if there isn't money coming in.

The people who are screwed are the people with a decent number of homes, like doing BRRRR at a decent clip packaging bundles of 8 houses into unconventional hard money loans. No mortgage forbearance there.

The industrial scale PE and REIT investors can ride it out, but the middle ground investor with hard money loans is screwed and probably forced to sell. At least the prices are currently high, but if the evictions start and supply jumps I don't think prices will hold long.

(08-16-2021 04:08 PM)U_of_Elvis Wrote:  

(08-16-2021 03:31 PM)VA49er Wrote:  

(08-16-2021 03:00 PM)Danforth Wrote:  

(08-16-2021 12:29 PM)VA49er Wrote:  

(08-16-2021 12:11 PM)Danforth Wrote:  My parents have rental properties and here is what I know for their experiences.

It often takes several months to find tenants. It's better to keep someone who is a couple months behind on their rent than to kick them out and look for new tenants.

Also, after each tenant leaves, there is always several thousand dollars of repairs that must be made before a new tenant can move in.

Long story short, kicking people out of their rental homes is often more costly than to simply wait until they have the money to pay rent.

Evicting someone is never the first choice. Quite obvioulsy, it's the last option. No owner wants to go throught the pain and expense of evicting anyone. With that being said, it is an option and one that is perfectly legal and withing justification for nonpayment of rent. However, given today's market, I would not be surprised if many owners may want to get out of the rental business and sell to take advantage of high home prices.

But we are in a pandemic. If landlords can afford to let their tenants stay until they can pay rent again they should. I know my parents did.

That's a big "if". It's hard to pay for something with no income coming in, especially when one is required to perfrom maintenance and pay a mortgage. It really is that simple. Those that can will almost always try and work with a rentor for reasons already described.

If someone has like four houses they are probably using conventional mortgage and backed by Fannie / Freddie and pretty easy to get a forebeafance on while your tenant can't pay. Not the first option, but an option if there isn't money coming in.

The people who are screwed are the people with a decent number of homes, like doing BRRRR at a decent clip packaging bundles of 8 houses into unconventional hard money loans. No mortgage forbearance there.

The industrial scale PE and REIT investors can ride it out, but the middle ground investor with hard money loans is screwed and probably forced to sell. At least the prices are currently high, but if the evictions start and supply jumps I don't think prices will hold long.

hence, blackrock and the jews rolling the dice.....

what you left out is how many are now under a roof.....that's the real why.....

the mass exodus from the west and and ne has created another building boom in the southeast that will quickly become unsustainable...

@gonnaGougeThoseFucKKKers

(08-16-2021 03:31 PM)VA49er Wrote:  

(08-16-2021 03:00 PM)Danforth Wrote:  

(08-16-2021 12:29 PM)VA49er Wrote:  

(08-16-2021 12:11 PM)Danforth Wrote:  

(08-12-2021 10:50 AM)VA49er Wrote:  While that is true, the implementation of that process (Hope Program) has been a disaster. Last I read NY had given out less than 10% of the funds while other states have distributed even less. Add that to the people not paying simply because they don't have to pay while owners STILL are required to fix everything, it's no wonder lots of owners are in dire financial straits. Basically, the Admin picked a side and said to hell with the other side. They did that illegally as well, according to the Supreme Court.

My parents have rental properties and here is what I know for their experiences.

It often takes several months to find tenants. It's better to keep someone who is a couple months behind on their rent than to kick them out and look for new tenants.

Also, after each tenant leaves, there is always several thousand dollars of repairs that must be made before a new tenant can move in.

Long story short, kicking people out of their rental homes is often more costly than to simply wait until they have the money to pay rent.

Evicting someone is never the first choice. Quite obvioulsy, it's the last option. No owner wants to go throught the pain and expense of evicting anyone. With that being said, it is an option and one that is perfectly legal and withing justification for nonpayment of rent. However, given today's market, I would not be surprised if many owners may want to get out of the rental business and sell to take advantage of high home prices.

But we are in a pandemic. If landlords can afford to let their tenants stay until they can pay rent again they should. I know my parents did.

That's a big "if". It's hard to pay for something with no income coming in, especially when one is required to perfrom maintenance and pay a mortgage. It really is that simple. Those that can will almost always try and work with a rentor for reasons already described.

And that's all that I'm asking. Everyone has had to sacrifice during this pandemic.

All anyone is asking is for Americans to help out their fellow man until we get through this.

It's heartbreaking that some cannot even be inconvenienced enough to wear a mask.

(08-17-2021 09:44 AM)Danforth Wrote:  

(08-16-2021 03:31 PM)VA49er Wrote:  

(08-16-2021 03:00 PM)Danforth Wrote:  

(08-16-2021 12:29 PM)VA49er Wrote:  

(08-16-2021 12:11 PM)Danforth Wrote:  My parents have rental properties and here is what I know for their experiences.

It often takes several months to find tenants. It's better to keep someone who is a couple months behind on their rent than to kick them out and look for new tenants.

Also, after each tenant leaves, there is always several thousand dollars of repairs that must be made before a new tenant can move in.

Long story short, kicking people out of their rental homes is often more costly than to simply wait until they have the money to pay rent.

Evicting someone is never the first choice. Quite obvioulsy, it's the last option. No owner wants to go throught the pain and expense of evicting anyone. With that being said, it is an option and one that is perfectly legal and withing justification for nonpayment of rent. However, given today's market, I would not be surprised if many owners may want to get out of the rental business and sell to take advantage of high home prices.

But we are in a pandemic. If landlords can afford to let their tenants stay until they can pay rent again they should. I know my parents did.

That's a big "if". It's hard to pay for something with no income coming in, especially when one is required to perfrom maintenance and pay a mortgage. It really is that simple. Those that can will almost always try and work with a rentor for reasons already described.

And that's all that I'm asking. Everyone has had to sacrifice during this pandemic.

All anyone is asking is for Americans to help out their fellow man until we get through this.

It's heartbreaking that some cannot even be inconvenienced enough to wear a mask.

You don't think that those that have been able to cope haven't been working with rentors? Like I've said, the LAST thing owners want to do is evict someone. It's expensive for all involved, in various ways.

(08-17-2021 09:47 AM)VA49er Wrote:  

(08-17-2021 09:44 AM)Danforth Wrote:  

(08-16-2021 03:31 PM)VA49er Wrote:  

(08-16-2021 03:00 PM)Danforth Wrote:  

(08-16-2021 12:29 PM)VA49er Wrote:  Evicting someone is never the first choice. Quite obvioulsy, it's the last option. No owner wants to go throught the pain and expense of evicting anyone. With that being said, it is an option and one that is perfectly legal and withing justification for nonpayment of rent. However, given today's market, I would not be surprised if many owners may want to get out of the rental business and sell to take advantage of high home prices.

But we are in a pandemic. If landlords can afford to let their tenants stay until they can pay rent again they should. I know my parents did.

That's a big "if". It's hard to pay for something with no income coming in, especially when one is required to perfrom maintenance and pay a mortgage. It really is that simple. Those that can will almost always try and work with a rentor for reasons already described.

And that's all that I'm asking. Everyone has had to sacrifice during this pandemic.

All anyone is asking is for Americans to help out their fellow man until we get through this.

It's heartbreaking that some cannot even be inconvenienced enough to wear a mask.

You don't think that those that have been able to cope haven't been working with rentors? Like I've said, the LAST thing owners want to do is evict someone. It's expensive for all involved, in various ways.

I think we are in agreement here.