re: COVID eviction ban forces Baton Rouge landlord to sell apartment complex

I’m hoping they don’t extend it again, but I’m expecting the worst

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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.

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I read ya loud and clear, and you’re right. It ticks me off too.


What’s worse though, is even when property owners do get to finally evict these people for non payment, and you know they aren’t going to be able to come up with 10-20 K on the spot, is that they still have to lease them up again, and before they do that, they’re going to have to paint, change/clean flooring, fix punch out lists to make ready. There’s a lot of extra money that will be required on top of all this just to get these units ready to lease again. BUT nobody thought of that either when they had these grandiose ideas of paying people to stay home.

I think that as the landlord, he can apply for rental assistance on behalf of his tenants. Right?

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Landlords
Landlords may also apply on behalf of their tenants and will be required to accept the following conditions to receive payment under the program:

Forgive all penalties, interest and court costs related to rent incurred between April 2020 and date of remittance of program rental assistance. The program will cover late fees up to $100 per month, as prescribed within current lease terms. Participating landlords will be required to forgive any late fees that exceed the $100 per month allowance

Not evict a tenant for past due rent prior to April 2020

Not evict a tenant for at least 60 days after assistance ends unless eviction is for cause. Under the ERAP Program, “for cause” shall not include the following eviction filings: “owner wants possession,” “non-renewal of lease” or “non-payment of rent.” This clause does not preclude the landlord from seeking eviction for lease violations and/or for tenants who violate the health, safety and/or peaceable enjoyment of the property

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It looks like you run the risk of not being able to evict for two months after the payments stop, but it seems like a much better option than eating the payments for a year and a half worth of rent.

lol you can evict people...we did around 5 months ago

The deep state (media, dems, bought off repubs) is getting us used to socialism.

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If only there was an SBA loan he could have applied for...

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You're the biggest moron on every board you frequent, huh?

Landlord Financial Assistance Stimulus

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Only one tenant applied for help through rental assistance programs. “I only got about three checks like that,” said Brent.

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From what I've read it's better for the landlord to apply for the rent relief, at least that is how it is here in Texas. Did he try applying for the relief?

Don't get me wrong, it's fricked up. And the government is the reason, but did he try that?

Depending on where you file you can. Everyone else I know in the industry can. I’m 2 or so blocks out of Justice of the Peace territory, and the judge in city court who has an angenda will not evict. She actually coached one of my residents on what to say when her answers weren’t what she needed to hear to not evict. Such a sham.

I only had 1 apply for assistance. Pretty easy process. Once I non renewed another’s lease they applied and it means I’m stuck with them an extra 2 months. She was so far behind the owners pretty much had to take it.

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If only there was an SBA loan he could have applied for...

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Are you really this ignorant as to how the world works. I find the liberal utopia people all have big ideas, but zero idea of the mechanics of business ownership.