Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
even The puppet president admits that it’s unconstitutional what he’s doing to you Landlords. And the left had the gall to call Trump a dictator. Anyways to the landlords out there do you think you’ll be able to pay your property taxes, mortgage, creditors..etc
Biden new eviction freeze, admits likely unconstitutional
imagine trump doing something after freely admitting it was likely unconstitutional. the msm, a wholly owned subsidiary of the dimocratic party, would be losing what's left of their tiny minds.
Professional landlord here. I have a rental business. Yes, the moratorium kinda hurt a little but then I very quickly figured out how to turned a profit from it. Almost doubled my earnings during the pandemic. And no, we never got any assistance from either of the stimulus package.
Cannot speak for other landlords, but the new Biden moratorium will not affect us any. Still glad Joe beat Donny.
One would suspect that higher-end rentals and in places with certain industries and states (ie. Not Las Vegas) would have escaped this problem a lot more easily than others.
It sounds like you might be dealing with wealthier renters or ones with assets or jobs that were unimpacted while others at the lower end of the renter spectrum are getting hosed.
You seem relatively unsympathetic to other renters where the govt. has basically seized their asset indefinitely and even admittedly unconstitutionally.
One would suspect that higher-end rentals and in places with certain industries and states (ie. Not Las Vegas) would have escaped this problem a lot more easily than others.
It sounds like you might be dealing with wealthier renters or ones with assets or jobs that were unimpacted while others at the lower end of the renter spectrum are getting hosed.
You seem relatively unsympathetic to other renters where the govt. has basically seized their asset indefinitely and even admittedly unconstitutionally.
It is not that I am unsympathetic to others. It's that I see the moratorium as something that happened, which it did. Sort of like a hurricane coming through your town. You can either bend over and take it while cursing at it or you can figure out how to profit from it.
I personally know several landlords that went belly up because they didn't do anything but ***** about the moratorium. I actually took action and profited from it.
I'm just saying. There is literally nothing I could do about the moratorium and I am not the least bit responsible for the suffering of the landlords that are hurt greatly by it.
Many people in the past have tried to bring this point across: there is always opportunity in a crisis. You can either try to find the opportunity or you can bend over and let it eff you in the rear end. Your choice.
It is not that I am unsympathetic to others. It's that I see the moratorium as something that happened, which it did. Sort of like a hurricane coming through your town. You can either bend over and take it while cursing at it or you can figure out how to profit from it.
I personally know several landlords that went belly up because they didn't do anything but ***** about the moratorium. I actually took action and profited from it.
I'm just saying. There is literally nothing I could do about the moratorium and I am not the least bit responsible for the suffering of the landlords that are hurt greatly by it.
Many people in the past have tried to bring this point across: there is always opportunity in a crisis. You can either try to find the opportunity or you can bend over and let it eff you in the rear end. Your choice.
Can you give us some examples of what some of the bankrupt landlords COULD have done? Because I'm not understanding how if say....I have 3 renters and 2 just stop paying completely and I rely on that...how do I work around that?
First thought would be that you offered a buyout and then increased the rents or found some other way to get the non-payers out. I'd imagine state and local laws could play a part too.
What % roughly of your renters just stopped paying?
P.S. Not viewing you as unsympathetic, I'm just doing something bizzare for the P&OC forum and actually trying to learn something. lol. If you dont care to share too much I would keep a PM in confidence or you could point me to a youtube guy that had a similar tactic etc.
The Congress approved Cares Act signed by Trump created the first moratorium on evictions of Federally subsidized housing
The CDC has placed and extended eviction moratoriums in September, December, January, March and June and done so regardless of who sat the oval. This has created an enormous back log of pending cases in courts that will take years to clear, in some areas.
I know several private landlords who have cut their losses and paid non paying tenants to move out.
I also know some private landlords who previously chose to rent Section 8 and have been paid in full by HUD and grants to make up the difference.
even The puppet president admits that it’s unconstitutional what he’s doing to you Landlords. And the left had the gall to call Trump a dictator. Anyways to the landlords out there do you think you’ll be able to pay your property taxes, mortgage, creditors..etc
Biden new eviction freeze, admits likely unconstitutional
With the financial impacts of the COVID-19 pandemic continuing to be felt by the American public, the Trump Administration has taken steps to try to allay a coming eviction crisis by enacting a moratorium on evictions through the end of 2020
Professional landlord here. I have a rental business. Yes, the moratorium kinda hurt a little but then I very quickly figured out how to turned a profit from it. Almost doubled my earnings during the pandemic. And no, we never got any assistance from either of the stimulus package.
Cannot speak for other landlords, but the new Biden moratorium will not affect us any. Still glad Joe beat Donny.
What is your secret? I can't imagine that having deadbeat renters squatting in your properties is the ticket to financial success.
Last edited by springfieldva; 08-05-2021 at 10:01 AM..
I kind of feel bad for everyone involved in this. Don't like to see millions homeless, but....
this has been a hardship and burden on Landlords too...if the Fed Government was going to do this in the first place they should have only done it with the clause that Landlords were paid up front by the Government until this whole disaster subsided....Landlords often have mortgage payments to meet also. That is/was an unfair burden for them to hoist on the Landlords. And this is going on for so long, how are tenants ever going to catch up on this large amount of back rent. It's good if the Fed Government is going to help, but they should have done that a long time ago...without so much paperwork and red tape!
You know, it all has to end at some point.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If you dont care to share too much I would keep a PM in confidence or you could point me to a youtube guy that had a similar tactic etc.