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Started By
Message
COVID eviction ban forces Baton Rouge landlord to sell apartment complex
Posted on 7/28/21 at 9:58 am
Posted on 7/28/21 at 9:58 am
LINK
OOPS…. Guess when we were paying people’s rent and paying them to stay home, and shutting down the economic machine we forgot to make sure they used that money to pay their rent and also forgot to take care of property owners.
WOW…. Never saw that coming.
quote:
BATON ROUGE, La. (BRPROUD) “Funds are really tight right now,” said Baton Rouge landlord Brent, who only wants to go by his first name.
He said the federal COVID eviction moratorium has put him in a squeeze. “I’m not receiving any funds, but I still owe the bank and the mortgage company. So, it’s put me in a pickle,” said Brent.
He owns a 24 unit apartment complex off of Burbank. He said tenants have not paid rent since March of last year. “I’ve had maybe six units that paid me, and then they stopped paying after a while,” said Brent.
Those non-pyaments have made him $25,000 a month short on his mortgage.
Brent said, “I tried to negotiate with the bank. They’re not your friend. This is where you fall back on your faith.” His faith he said allowed him to pay some of the money out of pocket. Only one tenant applied for help through rental assistance programs. “I only got about three checks like that,” said Brent.
OOPS…. Guess when we were paying people’s rent and paying them to stay home, and shutting down the economic machine we forgot to make sure they used that money to pay their rent and also forgot to take care of property owners.
WOW…. Never saw that coming.
This post was edited on 7/28/21 at 9:59 am
32
Posted on 7/28/21 at 10:00 am to Mike da Tigah
People getting fed checks plus not having to pay for housing = worker shortage.
Posted on 7/28/21 at 10:00 am to Mike da Tigah
If only there was an SBA loan he could have applied for...
Posted on 7/28/21 at 10:00 am to Mike da Tigah
Anyone know what complex it is? I didn't see it in the article. They were throwing up apartments like crazy on Burbank before I moved away in 2019
Also BRProud should consider getting a proofreader
Also BRProud should consider getting a proofreader
quote:
non-pyaments
Posted on 7/28/21 at 10:02 am to Mike da Tigah
RIP El Cid
Posted on 7/28/21 at 10:02 am to Mike da Tigah
It’s no big deal
The landlords don’t have to pay the banks & eventually the Feds will bail out the banks
That’s what I learned on Twitter
The landlords don’t have to pay the banks & eventually the Feds will bail out the banks
That’s what I learned on Twitter
Posted on 7/28/21 at 10:03 am to Bonkers119
The answer to obscene government spending, more government spending. Honk, honk, baby.
Posted on 7/28/21 at 10:03 am to Bonkers119
So he should get a loan, yet the money they were given to pay rent can be used for whatever they choose. Free loaders have killed this once great country just like Rome.
Posted on 7/28/21 at 10:06 am to Mike da Tigah
And if they aren't already, those apartments will soon become government subsidized slums. Once again, turning what should be a relatively nice area of the city into a shithole.
Posted on 7/28/21 at 10:07 am to Bonkers119
quote:
If only there was an SBA loan he could have applied for...
Which is not forgivable. Would his tenants pay him for the interest? Doubtful if they aren’t paying rent in the first place
Posted on 7/28/21 at 10:08 am to Bonkers119
quote:
If only there was an SBA loan he could have applied for...
Man, frick you. How about the fricking deadbeats pay their rent or get the frick out?
If you aren't working now, it's your own decision.
Posted on 7/28/21 at 10:10 am to Bonkers119
quote:
If only there was an SBA loan he could have applied for...
Wait, let me see if I have this right… You think a property owner who leases his property should have to incur another debt load to pay for the lack of revenue he is getting because the government tells him that he can’t evict anyone from his own property he owns, Do you realize how utterly BONKERS that is Bonkers?
The government pays these people money and then makes sure they don’t have to worry about losing the roof over their heads if they don’t pay, and then it’s the property owner that has to take the hit? And all of this makes perfect sense to you?
Posted on 7/28/21 at 10:11 am to Bonkers119
(no message)
This post was edited on 10/18/21 at 11:07 pm
Posted on 7/28/21 at 10:14 am to LNCHBOX
Most single family and small multi family real estate are held by individual entrepreneurs looking to invest their money into long term returns. This bullshite moratorium on evictions without consideration for the landlord will only benefit banks and large RE holding companies.
This pisses me off so bad.
This pisses me off so bad.
Posted on 7/28/21 at 10:15 am to Bonkers119
Do you run a business? Thanks.
Posted on 7/28/21 at 10:15 am to lsutiger2010
Good news is we've got a buyer, Blackrock. "You will own nothing and be happy" Klaus Scwab/The Great Reset
Posted on 7/28/21 at 10:16 am to Mike da Tigah
But we have plenty of money to bring in illegals with covid and other diseases and move them freely about the country.
I love how democrats are America last, and somehow still get elected. It's amazing.
I love how democrats are America last, and somehow still get elected. It's amazing.
Posted on 7/28/21 at 10:21 am to Mike da Tigah
Blackrock will buy it. No worries.
Posted on 7/28/21 at 10:25 am to Bonkers119
quote:
Bonkers119
you and everyone like you is the reason this country has went to hell in a hand basket
Posted on 7/28/21 at 10:27 am to Mike da Tigah
The video showed Bon Carre Apartments on Harry Dr. Not even close to Burbank lol.
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