I'm getting scared (by Deb [OR]) Jul 30, 2020 5:26 PM|
I'm getting scared (by NE [PA]) Jul 30, 2020 5:36 PM
I'm getting scared (by Richard [MI]) Jul 30, 2020 6:51 PM
I'm getting scared (by NE [PA]) Jul 30, 2020 7:51 PM
I'm getting scared (by NE [PA]) Jul 30, 2020 7:54 PM
I'm getting scared (by Arlene [MD]) Jul 31, 2020 12:23 PM
I'm getting scared (by mike [CA]) Jul 31, 2020 1:29 PM
I'm getting scared (by Deb [OR]) Jul 31, 2020 2:20 PM
I'm getting scared (by Jason [VA]) Jul 31, 2020 2:23 PM
I'm getting scared (by Hoosier [IN]) Jul 31, 2020 6:26 PM
I'm getting scared (by Busy [WI]) Jul 31, 2020 6:44 PM
I'm getting scared (by Allym [NJ]) Aug 1, 2020 12:46 PM
I'm getting scared (by Natasha [MD]) Aug 2, 2020 10:56 PM
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I'm getting scared (by Deb [OR]) Posted on: Jul 30, 2020 5:26 PM
Our lovely gov. Has extended rent moratorium to Sept. 30. With the huge pro tenant and to hell with landlord agenda in my state I'm afraid of what will come next. No way tenants behind $xx on rent for 3 months will suddenly be able to repay back rent
Then what do we do? Is it time to get out?
I'm getting scared (by NE [PA]) Posted on: Jul 30, 2020 5:36 PM
You need to deal with this day by day and case by case. Getting scared is not going to get the problem solved. Where are you right now with your rents? --50.107.xxx.xxx
I'm getting scared (by Richard [MI]) Posted on: Jul 30, 2020 6:51 PM
I'll agree with NE.
A lot will depend on where you are at exactly. Here (Northern Michigan) it's not so bad although we all have problems with many layoffs. (We base a lot of revenue on tourism, so the restaurants, motels and tourist stuff has been hit fairly hard).
We are fortunate to have a lot of people here that honor their commitments and pay their rent. The unemployment plus the govt $600 a week each has more than replaced most of the lost income. Now that the $600 may change, we'll see what happens (still, no guarantee it will change or how much). People here are ready to get back to work (except for the freeloaders).
Still though, I've been reducing the inventory. Prices are up and interest rates low. For me, all marginal places, those too far away, those which will need major work in the next couple years, those (if I had any) in areas subject to riots, etc are either sold or soon will be sold. --172.222.xx.xxx
I'm getting scared (by NE [PA]) Posted on: Jul 30, 2020 7:51 PM
If it gets bad enough, you may have to become a total @$$#o/e too.
This is not your fault. It is out of your control. You may have to do whatever you can to survive.
If you start losing your income with no recourse, you need to get on the phone with your bank and utility companies and everybody else.
Ask them what they are going to do to help you out in the situation since your hands are tied by the government.
If the utility company says they will do nothing after you beg and plead, then tell them to kiss your a$$. Don't send them a dime until this is over. If your bank isn't going to work with you after you have been a flawless payer for many years, tell them to kiss your a$$.
Just stockpile any incoming money that you can until this is all over with and start figuring it out once the evictions open back up.
This is worst-case scenario and last resort. This is survival mode. I hope it doesn't get to this point for you or any of us. However, we are in a new world. What we have relied on is no longer viable. At least in the short term.
Hopefully it doesn't come to this. Your bank and your utility companies and your insurance companies don't you anything. But you don't know your da-n tenants anything either.
On second thought, keep your insurance paid! :-) --50.107.xxx.xxx
I'm getting scared (by NE [PA]) Posted on: Jul 30, 2020 7:54 PM
That should have read, that your bank, your utilities, and your insurance companies don't owe you anything. In the form of compensation. But you don't know your tenants anything either so shouldn't be left holding the bag. --50.107.xxx.xxx
I'm getting scared (by Arlene [MD]) Posted on: Jul 31, 2020 12:23 PM
I'm in Maryland...I have a tenant on a month to month lease. He has not paid rent since January. I have notified him several times, in writing, that I was not renewing his month to month and he would have to leave. He has not left and has 6 extra people living in the house. Since I notified him that he had to move, I hired a lawyer who has filed a "Tenant Holding Over" suit. Not sure how I will collect 7 months rent from this guy, but I just want him and all his friends out....Hopefully we will be given possession of our house on the day of court. I'll let you know if I think of it. --24.89.xx.xxx
I'm getting scared (by mike [CA]) Posted on: Jul 31, 2020 1:29 PM
arlene MD, you're not going to collect but you will learn here that waiting to boot deadbeats is bad practice. you should swing by and find out the names of the folks living in your home. just open the mailbox and see who's taking mail. of course do not tell them you're doing this...do it as often as is needed. let them know they will be named in the eviction because the guy they are with isn't paying rent. they may be paying him and not know he's pocketing the rent. either way they need to know they will be made a part of a public record for failure to pay rent. this eviction moratorium silliness will have lasting ramifications, especially for sketchy tenants. i'm current now on rents but will be even more unwilling to "work with" tenants at any level in the future. we keep hearing that "we are all in this together" but the fact is that so far ONLY landlords have been asked to go without income AND deliver free housing entirely at their own expense. we saw PPP loans for every segment of the market, we see the FED buying corporate debt to ease cash flow, we have generous unemployment checks being delivered. we see that pelosi and trump are expecting to lob out another $1,200 check soon. mark my words trump will come out in favor of a national eviction moratorium. --66.27.xxx.xxx
I'm getting scared (by Deb [OR]) Posted on: Jul 31, 2020 2:20 PM
Mike, ca:. Tampering with mail us a federal offense. I was warned of this when I hand delivered a letter to my neighbors mailbox telling him his dog was chasing a barking nuisance. --216.155.xxx.xxx
I'm getting scared (by Jason [VA]) Posted on: Jul 31, 2020 2:23 PM
Deb, a lot of things are illegal, like squatting in a property. Breaking that law is tame compared to what others would do.... --73.177.xxx.xx
I'm getting scared (by Hoosier [IN]) Posted on: Jul 31, 2020 6:26 PM
1) Search around for gov't assistance programs and be persistent with your tenants to apply...even if it means you do the work for them.
2) Spend as little as you can on the property without letting it fall apart...no frills.
3) Try offering weekly pay plans...people may find it easier to come up with $150/week rather than $600/month
One thing I don't know the answer to....what if you decide to sell the property? Are you not allowed to sell if a tenant is under lease during the moratorium? --99.92.xxx.xxx
I'm getting scared (by Busy [WI]) Posted on: Jul 31, 2020 6:44 PM
A method I have used to get names is offer to take the extra bags of trash from the over-flowing trash bin. Or, if in the house to do repairs, if any medication bottles are lying about.....( and I say I donít like to snoop! Well, actually, I donít. But I gotta do what I gotta do to protect the investment....) --70.92.xxx.xxx
I'm getting scared (by Allym [NJ]) Posted on: Aug 1, 2020 12:46 PM
No. Hang in there. Elections coming up. No one in the US who is sane will tolerate this any longer. --71.104.xx.xxx
I'm getting scared (by Natasha [MD]) Posted on: Aug 2, 2020 10:56 PM
Please change your mindset. Fear is False Evidence Appearing Real. What you focus on grows so focus on the positive things you can do to move forward and nothing else. Instead of focusing on your your 3 month delinquent tenant not paying you, focus on how to get him to move out soon and get a better rent for the next tenant. I am a firm believer in communication with compassion especially if courts are closed. Everyone is going through something so don't take anything personally. I was able to get two tenants to move out owing 1-2 months rent and re-rented the units at a higher rent within a couple days. I didn't wait to start a conversation and always cordial. Because as much as many landlords here talk bad of their tenants, I love my tenants. Even the ones going through tough times because I realize that everything is temporary and staying positive will bring you more joy. Turning off the news helps too. Good luck.
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