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What are landlords doing without the ability to evict non-payers?
Posted on 1/18/21 at 3:35 pm
Posted on 1/18/21 at 3:35 pm
Hearing that Biden will extend the eviction moratorium. Landlords large and small have to be getting crushed. What is the solution?
This post was edited on 1/18/21 at 3:56 pm
11
Posted on 1/18/21 at 3:42 pm to SloaneRanger
Rent to people with good credit and decent paying jobs.
Dont rent to people with bad credit and/or low paying jobs.
Dont rent to people with bad credit and/or low paying jobs.
Posted on 1/18/21 at 3:45 pm to SloaneRanger
A neighbor of mine recently evicted his shitty renters after telling them someone made an offer to buy the home. Don't know if that was legal or not.
Posted on 1/18/21 at 3:54 pm to SloaneRanger
"What are renters"
I'm certain you're talking about landlords, not renters.
Fortunately I have not had to cross that bridge. I would not be happy.
I'm certain you're talking about landlords, not renters.
Fortunately I have not had to cross that bridge. I would not be happy.
Posted on 1/18/21 at 3:56 pm to ItzMe1972
Correct, I have edited.
Posted on 1/18/21 at 5:24 pm to SloaneRanger
Seems like a huge hassle to rent out property
Posted on 1/18/21 at 5:40 pm to TheWalrus
quote:
Seems like a huge hassle to rent out property
Government regulations make it so in many parts of the country.
All those regulations result in landlords having to charge higher rents to make up for the hassle.
Posted on 1/18/21 at 6:49 pm to SloaneRanger
You can 100% still evict people if they don’t pay. Thsi has been going on for awhile, the extension is not anything new. I also as a landlord have the ability to shutoff power to the property.
Posted on 1/18/21 at 6:56 pm to Fox McCloud
If you were to get to the point where you shut off power/utilities, would you be afraid they would trash the place?
Posted on 1/18/21 at 7:04 pm to SloaneRanger
You have to get them on something other than non-payment. A coworker recently evicted an a-hole for having more people living there than the lease allowed. Landlord went to school with the judge and she told him to make sure not to mention non-payment. The renter was an a-hole because he was taking advantage of the covid an not paying. Had a public venmo and showed payments from side jobs for way more than rent.
Posted on 1/18/21 at 7:41 pm to SloaneRanger
Seems like a lot of banks are working with landlords right now, and since the note is the biggest expense, it's kind of a wash right now.
Landlords still may be losing money in other areas though.
Landlords still may be losing money in other areas though.
Posted on 1/18/21 at 7:43 pm to LSUFanHouston
quote:
Seems like a lot of banks are working with landlords right now,
This
Posted on 1/18/21 at 7:51 pm to Fox McCloud
quote:
shutoff power to the property.
What state? self-help evictions are illegal in La.
Posted on 1/18/21 at 8:14 pm to GrizzlyAlloy
quote:
You have to get them on something other than non-payment.
We have low rent properties and month to month leases. Issue a non-renewal of lease with proper notice. No reason necessary. If they don’t leave, eviction will go forward. There is only a moratorium on eviction for non-payment.
Posted on 1/18/21 at 8:15 pm to TheWalrus
quote:
Seems like a huge hassle to rent out property
not really with PM.
Posted on 1/18/21 at 8:24 pm to SloaneRanger
zero issues. extension only through January SO FAR ONLY ON FEDERALLY BACKED LOANS!!
moratorium also prevents FORECLOSURES!
it has been that way since march.
moratorium also prevents FORECLOSURES!
it has been that way since march.
Posted on 1/18/21 at 9:22 pm to rlp
quote:
We have low rent properties and month to month leases. Issue a non-renewal of lease with proper notice
Is this the way to do rental properties now? Short term leases 1-3 months while keeping some wording in there to keep the rent control per year? That way you can always get them out within a couple months for non-payment? Can you do this with middle class rental properties? 150k-250k home rentals?
Posted on 1/18/21 at 9:23 pm to SloaneRanger
Putting their properties into forbearance?
Posted on 1/18/21 at 9:28 pm to MLU
quote:
Putting their properties into forbearance?
deferrals also. many banks will not do this though.
Posted on 1/19/21 at 7:41 am to TDsngumbo
Not illegal, but pretty crafty and resourceful.
I have a buddy that has been lucky with his 30+, low-income, non-subsidized rentals. All but 1 has stayed current and she "made arrangements".
I have a buddy that has been lucky with his 30+, low-income, non-subsidized rentals. All but 1 has stayed current and she "made arrangements".
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