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If landlords and property management corps are wise, going forward, they should only rent to mid career professionals who are at or above the maximum threshold covered by the CDC ban on evictions. That will allow Free Market principles to guide all decisions.
Simply raising the income/rent quantity of months threshold would do the trick.
So basically, you’re saying poor people should just be denied housing going forward?
Obviously being a slumlord entails greater effort when it comes to collecting rent, but I really don’t think just putting all poor people out on the street is the better solution.
All I can say is, I'm glad I'm not a landlord anymore.
The problem is being a landlord you cannot discriminate against anyone. Here in Mass. the book of Rights for renters is 4 times thicker than it is for the owner of the property. If you put up an ad to rent your apartment or house you have to be willing to accept every application and process them equally from the people on welfare to a well to do doctor.
The question we should all be asking is did the property owner with the mortgage get a moratorium from the bank when his tenants stopped paying the rent or did the bank foreclose and ruined his credit forever?
The next question is will Biden save the property owners that are about to be ruined?
Poor landlords. How will companies like Graystar, with 500,000 beds and $32 billion in assets ever make it? Put those low wage people on the street!
And along with them will be the nice empty nester couple who converted their unused space into an apartment to make some money for retirement. Or someone who owns a two-family and actually occupies one of the units...
There are probably a lot more of them than corporate rentals, and those are the landlords who are already reeling from the last 15 months because they aren't flush with cash to weather a storm of sustained free occupancy.
And even for those corporate rentals, it is unreasonable and ridiculous to mandate that because they have been successful that they should have to provide free housing for over a year.
Landlords are allowed to ask if the prospective tenant has a history of paying rent on time. Tenants should keep records of payments. Taking advantage of the eviction moratorium is being treated as not paying on time, regardless of what the CDC says.
Location: Somewhere gray and damp, close to the West Coast
20,955 posts, read 5,545,820 times
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Quote:
Originally Posted by Cape Cod Todd
All I can say is, I'm glad I'm not a landlord anymore.
The problem is being a landlord you cannot discriminate against anyone. Here in Mass. the book of Rights for renters is 4 times thicker than it is for the owner of the property. If you put up an ad to rent your apartment or house you have to be willing to accept every application and process them equally from the people on welfare to a well to do doctor.
The question we should all be asking is did the property owner with the mortgage get a moratorium from the bank when his tenants stopped paying the rent or did the bank foreclose and ruined his credit forever?
The next question is will Biden save the property owners that are about to be ruined?
Heck yeah to the bolded! Right after my husband's dementia necessitated placement in a care center, and I was facing an incredibly large monthly bill for his care, I considered renting out a room in our home for a little extra cash. This was happening in the month or two immediately preceding the lockdowns. I decided to struggle through and eventually the VA started paying his disability compensation so I didn't need the extra cash after all. MAN, am I glad I decided to wait! I could have been stuck with the renter from hell and still be struggling to get them out of my home!
Never again will I consider being a landlord!
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