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Old 10-26-2020, 09:57 AM
 
29,519 posts, read 22,661,647 times
Reputation: 48242

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More war on landlords. I feel bad for people who can no longer afford or pay rent due to no fault of their own, but not all landlords are huge corporations either.

https://www.fool.com/millionacres/re...mpaign=article

Quote:
One city is aiming to protect tenants from rent hikes during these troubling times. In Portland, Oregon, a new ruling states landlords must now pay their tenants' relocation costs if those tenants can't afford the rent increases they're imposing. This rule will apply to rent increases issued through Mar. 31, 2021, and puts landlords on the hook for between $2,900 and $4,500 to allow tenants to move. Furthermore, this rule could be extended past March 2021, depending on how circumstances shake out.
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Old 10-26-2020, 10:05 AM
 
Location: Georgia
2,707 posts, read 1,033,850 times
Reputation: 1723
Good. Stop raising rent prices. Plain and simple. We pay 1225$ which is ridiculous. Rent's have DOUBLED in the past 5-7 years at least in our area and the landlords are just as lousy and lazy when it comes to fixing ANYTHING in a timely manner. I wish I could afford to buy already but with 18 months left in college and no idea where I will get a job at it's pointless to buy right now plus place we talked to wants verifiable 2 years of working, wife is working as was I but it was for cash not on paper etc.
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Old 10-26-2020, 10:09 AM
 
Location: Free State of Florida
4,960 posts, read 2,238,771 times
Reputation: 5839
Quote:
Originally Posted by Suburban_Guy View Post
More war on landlords. I feel bad for people who can no longer afford or pay rent due to no fault of their own, but not all landlords are huge corporations either.

https://www.fool.com/millionacres/re...mpaign=article
I have spoken with several of my friends that have rental properties ranging from a few homes to 30-40 homes. All of them have enforced stricter income requirements and rental history due to the eviction moratorium. Several of them have allowed rental units to sit empty rather than face the likelihood of a tenant that does not pay.

I sold my last rental unit 4 years ago. I would not consider being a landlord again.
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Old 10-26-2020, 10:13 AM
 
20,187 posts, read 23,858,535 times
Reputation: 9283
I have rental property... Not renting until moratorium is lifted... Ain't that stupid...
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Old 10-26-2020, 10:21 AM
 
Location: Floribama
18,949 posts, read 43,621,102 times
Reputation: 18760
I have rentals in AL and FL, and so far no problems. I suspect this lunacy will come to FL long before it comes to AL, but regardless, the day a law like this gets passed here is the day a 'for sale' sign goes out front.
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Old 10-26-2020, 10:22 AM
 
574 posts, read 299,487 times
Reputation: 1195
Too bad. You get what you voted for.
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Old 10-26-2020, 01:10 PM
 
Location: Free State of Florida
4,960 posts, read 2,238,771 times
Reputation: 5839
Quote:
Originally Posted by evilnewbie View Post
I have rental property... Not renting until moratorium is lifted... Ain't that stupid...
A tenantless rental property not only requires less maintenance, but it also eliminates the risk of a non-paying tenant damaging the property. Both are ongoing costs for landlords paid strictly out-of-pocket when the tenant is protected from eviction for non-payment.
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Old 10-26-2020, 01:13 PM
 
301 posts, read 183,180 times
Reputation: 600
I remember when rentals were a viable investment strategy. That was before the socialists invaded.
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Old 10-26-2020, 01:17 PM
 
Location: In the middle of nowhere... and enjoying it
1,939 posts, read 825,047 times
Reputation: 1802
Simple solution, like it says in the article when the lease is up, don't offer to renew.
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Old 10-26-2020, 01:20 PM
 
1,066 posts, read 629,991 times
Reputation: 1297
are you kidding me?! poor people are taking over. landlords are just making it by and now we have to feed and house those who cant take care of themselves. keep that crap in that democratic state. please dont affect ohio ever.
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