Based landlords getting on the front foot during this pandemic...

[Serenadium]

Do you think it is fair?

Can they be any more based?

open spoiler tag for more reading.

Spoiler!

[dondadas]

Do you think it is fair?

wtf is wrong with these *******s, that should be illegal

pretty sure that would be illegal if the UK were still a part of the EU

tough luck bishes

[3basic5me]

feels batman for all the mortgagecels who use renters to pay it off. they dun goofed.

brb renter can't work so won't pay rent if this goes on for months. also landlord might not be able to work as well.
can't evict by law for six months. and at the same time bank's not gonna let you off.

[Jacobcapra]

wtf is wrong with these *******s, that should be illegal

pretty sure that would be illegal if the UK were still a part of the EU

tough luck bishes

That letter doesn't appear to have any context to COVID-19

Apartments raise rent all the time to cover increased operational costs.

[S0Jack3d]

My tenants dont pay their rent I cant pay the mortgage so unless banks are willing to forego mortgage payments, im not willing to forego the rent. Sorry rentcels.

[3basic5me]

My tenants dont pay their rent I cant pay the mortgage so unless banks are willing to forego mortgage payments, im not willing to forego the rent. Sorry rentcels.

good luck trying to kick them out. sorry you.

[BigTimeOperator]

That may backfire on them. Tenants might get mad at that arrogance and squat until the Police or courts have to get involved, then bankrupt everything.

Property management companies and landlords think their tenants are subhumans on their plantation meant to be exploited and subordinate to them.

[ErnieMccracken]

Would be tempted to go full scumbag squatter. Eviction process will take 6-8 months, at least.

[sdoo]

Chad landlord vs the virgin renters

[anonymous]

if my tenant doesn't get my payment to me by the 10th of next month, i will rain a chitstorm down on him and his family the likes of which he's never seen before

[XFactor416]

lol.

this is why the world is fuked. in a time of human compassion where we need to bond together, we will prioritize greed.

[OliverHeldens]

I don't see a single thing wrong with these letters. It's a terrible idea for someone to stop paying their rent(unless as an absolute last resort), as no formal leasing company is going to lease to them in the future with bad rental history on their credit.

I work with a bunch of landlords, and they are receiving nasty emails from millionaire parents trying to get out of paying $800/mo for their kids rent due to college classes going online(even though they signed a 12 month lease). These landlords are sending these letters to get in front of anybody who thinks they have a chance.

[ErnieMccracken]

if my tenant doesn't get my payment to me by the 10th of next month, i will rain a chitstorm down on him and his family the likes of which he's never seen before

Sucks for you. Law is going to rightfully prioritize renters over scumlords.

[SpeedMan1]

Tenants should weld their door shuts

[Noliberals4]

lol.

this is why the world is fuked. in a time of human compassion where we need to bond together, we will prioritize greed.

how do they pay their mortgage or the land?

if the bank forgives those, then I will agree with you.

[FingerNailsBrah]

My tenants dont pay their rent I cant pay the mortgage so unless banks are willing to forego mortgage payments, im not willing to forego the rent. Sorry rentcels.

They are doing that. As a landlord you should probably read up

[OliverHeldens]

Sucks for you. Law is going to rightfully prioritize renters over scumlords.

Even if you manage to live in the apartment for 3 extra free months, it leaves a horrible mark on your credit history and nobody is going to lease to you. Basically you're stuck dating girls for housing or doing other poor person behaviors because you'd otherwise be homeless.

[volleys]

if mortgage payments aren't being suspended than neither should rent.

blows my mind that anyone rents without having at least 6 months of their rent's $$$ in their savings. although I guess if they were smart, they wouldn't be renting, would they

[induced_drag]

good luck trying to kick them out. sorry you.

That is why it is nice to live in a Southern state. Over the past 10 years I have only had to evict 4 tenants from our rental properties. In our county I can have them out in about 35 days. Aint no squatting here!

this is why the world is fuked. in a time of human compassion where we need to bond together, we will prioritize greed.

Compassion? Like others have said, the banks still want the mortgage payments. Find a way to pay rent or get out.

I have been self employed my entire life. When 08-12 hit, there was no unemployment for me. I had to be self reliant. I did not have work for 3+ years. It was not very fair. I had to cash out my retirements, sell off anything I could and yes....pay to keep a roof over my head.

Why is this any different? Housing is not free nor is it guaranteed. I have worked very hard to accrue our rentals.....had to pay real money for them. Why should they be free to others?

Now if the govt wants to step in and cover people's rent like they do for unemployment, that can be a call for ALL of the US taxpayers to help out. But you cant simply put the burden on the people who have 2,3 or 20 rental homes and expect them to just absorb it....

[IawI]

based. Lmao @ poor people

[ErnieMccracken]

Even if you manage to live in the apartment for 3 extra free months, it leaves a horrible mark on your credit history and nobody is going to lease to you. Basically you're stuck dating girls for housing or doing other poor person behaviors because you'd otherwise be homeless.

I'd guess that real number is closer to 8 months, which a typical apartment is $2500/mo = $20k. I assume you can still get a place if you have a cosigner? Not advocating it, but a lot of people are going to be taking that route.

[BigTimeOperator]

Tenants unable to pay sometimes is the risk you assumed when you decided to become a landlord

[OliverHeldens]

I'd guess that real number is closer to 8 months, which a typical apartment is $2500/mo = $20k. I assume you can still get a place if you have a cosigner? Not advocating it, but a lot of people are going to be taking that route.

I guess it depends on specific laws in a given location, but in my city you serve tenants with a 30 day notice to leave the premises. Court could drag out a month or two, but it's never going to be more than 90 days to get someone out. I personally don't know anybody who will rent to someone with a recent eviction on their record, regardless of whether they have a cosigner or not.

I guess if people want to move back in with their parents for a few years it's ok to stop paying rent......

[induced_drag]

Tenants unable to pay sometimes is the risk you assumed when you decided to become a landlord

Yes, when you run a business of any sort, you can expect people to steal from you from time to time. Nothing about that makes it right and the people condoning it need a reality check.

I did take that risk. That is why I have no problems letting the system remove people from my properties if they don't pay. I cant imagine living in a state that allows people to squat for a year or more. Nothing about that is right. When I have had to evict people, I generally lose 3 months income plus the damages the tenant has done.

(generally, someone who does not pay their rent, does not take care of a property either). I have several judgments against former tenants. One for $9500 and another for over $6000. Yes....I also get judgments against people.

[ErnieMccracken]

That is why it is nice to live in a Southern state. Over the past 10 years I have only had to evict 4 tenants from our rental properties. In our county I can have them out in about 35 days. Aint no squatting here!



Compassion? Like others have said, the banks still want the mortgage payments. Find a way to pay rent or get out.

I have been self employed my entire life. When 08-12 hit, there was no unemployment for me. I had to be self reliant. I did not have work for 3+ years. It was not very fair. I had to cash out my retirements, sell off anything I could and yes....pay to keep a roof over my head.

Why is this any different? Housing is not free nor is it guaranteed. I have worked very hard to accrue our rentals.....had to pay real money for them. Why should they be free to others?

Now if the govt wants to step in and cover people's rent like they do for unemployment, that can be a call for ALL of the US taxpayers to help out. But you cant simply put the burden on the people who have 2,3 or 20 rental homes and expect them to just absorb it....

That's called a risk of doing business. Almost every other business is going through revenue shortfalls right now. The idea that slumlords (who are mostly parasitic middlemen profiting off poor people) should be completely exempt is a bit silly.

[induced_drag]

That's called a risk of doing business. Almost every other business is going through revenue shortfalls right now. The idea that slumlords (who are mostly parasitic middlemen profiting off poor people) should be completely exempt is a bit silly.

Revenue shortfalls, as you put it, are not because people getting and not paying for the services that businesses are providing....they are because those services are not in demand at the moment. Businesses are not being stolen from is what I am saying. It is just demand for non-essential services is way down. THAT is called the cost of doing business.

Investing in real estate does not pay the big returns like some other businesses. BUT it is very stable because people always need it. Rates of returns of those other businesses now experiencing shortfalls are MUCH greater when times were good. It will be a good lesson not to 'stick your neck out too far'. I lived through 09-13 while being self-employed.

I am missing the point about how asking people to pay rent, and if they don't, evicting them is somehow wrong.

What if people all stop making their car payments? Are the banks wrong for taking the cars back?

Obviously the idea of entitlement is strong with the younger kids of this world. But there are certain realities to life. It is not free.

[Vhagar]

good luck trying to kick them out. sorry you.

The Sheriff will do it when the bank forecloses

[lolXlol]

and there we see the failure in the capitalist system

zero humanity, zero compassion, zero empathy

[Vhagar]

and there we see the failure in the capitalist system

zero humanity, zero compassion, zero empathy

It has nothing to do with compassion.

I doubt landlords are itching to evict, but if they don’t get a break from the mortgage companies what choice do they have? Either they evict the tenant, or the bank takes the property, ruins their credit, and then evicts the tenant

[cavillac]

That letter doesn't appear to have any context to COVID-19

Apartments raise rent all the time to cover increased operational costs.

True, based on the reasons it looks like the landlord is just passing on the additional cost incurred by living in an ultra liberal city to the people who voted in the politicians.