More Colorado Nonsense
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
More Colorado Nonsense (by Jeff [CO]) Oct 15, 2020 10:16 PM
       More Colorado Nonsense (by Tonia [RI]) Oct 15, 2020 10:38 PM
       More Colorado Nonsense (by Jeff [CO]) Oct 15, 2020 11:11 PM
       More Colorado Nonsense (by Sandy [CO]) Oct 15, 2020 11:47 PM
       More Colorado Nonsense (by Robert,OntarioCanada [ON]) Oct 15, 2020 11:48 PM
       More Colorado Nonsense (by S i d [MO]) Oct 16, 2020 8:15 AM
       More Colorado Nonsense (by WMH [NC]) Oct 16, 2020 9:41 AM
       More Colorado Nonsense (by 6x6 [TN]) Oct 16, 2020 10:01 AM
       More Colorado Nonsense (by NE [PA]) Oct 16, 2020 10:10 AM
       More Colorado Nonsense (by plenty [MO]) Oct 16, 2020 3:14 PM
       More Colorado Nonsense (by Ray-N-Pa [PA]) Oct 16, 2020 3:59 PM
       More Colorado Nonsense (by Allym [NJ]) Oct 16, 2020 4:20 PM
       More Colorado Nonsense (by Robert.OntarioCanada [ON]) Oct 16, 2020 9:49 PM
       More Colorado Nonsense (by Vee [OH]) Oct 18, 2020 1:19 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

More Colorado Nonsense (by Jeff [CO]) Posted on: Oct 15, 2020 10:16 PM

this is from the Denver Post. This clown's directives are probably illegal, but we're all just going with it. Sickening.

"Gov. Jared Polis on Thursday announced an executive order banning late fees for Colorado renters through the end of the year, and his office vowed that a statewide eviction moratorium is forthcoming in a separate order.

Coloradoís next legislative session is scheduled to begin in January, and itís likely that Democrats will pursue a bill to permanently limit late fees, among several other possible housing-related bills."

Time to consider getting out of the business when things return to normal.

More Colorado Nonsense (by Tonia [RI]) Posted on: Oct 15, 2020 10:38 PM

Dear Jeff many thanks for this shharin information. I am a small landlord in Rhode island and have been grappling with selling my

Triple decker. The past seven months have bern hellacious and although I can truly say I love being a landlord, I feel it is time for me to sell. I was just crying about this, wondering if I am making a mistake. After your post, I am realizing the time is now. Again, thank you for sharing your valuable insight.

More Colorado Nonsense (by Jeff [CO]) Posted on: Oct 15, 2020 11:11 PM

Sorry to hear that, Tonia. Very sad. This business is headed in the wrong direction. We can expect more government meddling. I can see housing being regulated like a utility.

I, too, will sell. It's not worth it anymore.

More Colorado Nonsense (by Sandy [CO]) Posted on: Oct 15, 2020 11:47 PM

King Jaredís proclamations are a joke. He is trampling over our property rights. (As many other govís are)

For now Iím staying, but looking around for other alternatives/states for future investments.

More Colorado Nonsense (by Robert,OntarioCanada [ON]) Posted on: Oct 15, 2020 11:48 PM

They would not treat the farmers or a grocery store in this manner. Here it is unconstitutional to prevent people from earning a living where there needs to be a class action suit. The radical left wing socialists want to expropriate all the private sector rental housing as many will go bankrupt. Here there is no ban on evictions in the province of Ontario but it is going to take a year to get a hearing date where can ask tenants to voluntary sign a payment plan where they can refuse. If they sign then default on payment plan then can evict. It is one thing to own all the rental units where governments always mismanage where sooner or later they may wind up what happened in Greece. Seen in the past here where rental housing providers took action with the courts that stopped bad legislation. Some states rental housing providers took action through the courts where governments had to back down. Until after the federal election then will have to take action. No political party wants to have evictions where they asking for votes.

More Colorado Nonsense (by S i d [MO]) Posted on: Oct 16, 2020 8:15 AM

I too am sad to hear about this. I'm not a tin foil hate conspiracy theorist, but daily I'm reading and hearing more things that indicate the Govt is less and less land lord friendly. We have to keep our eyes and ears open to see what the risks are and if the reward is still worth it.

Land lording is the only reliable method I know of for the average person to build up a net worth of several million $ over a lifetime without working 2 full time jobs/businesses. It now appears the Govt is going to make this harder. I too do not wish to sell, but residential rentals are looking less attractive all the time. Thankfully, commercial property hasn't been impacted as much for now, so I'm holding steady to see what happens.

Nov 4th is going to be an interesting day, certainly.

More Colorado Nonsense (by WMH [NC]) Posted on: Oct 16, 2020 9:41 AM

This doesn't seem to be coming from one party, unfortunately. I was blaming the far left, then boom! The CDC order comes out, and that is under the Republicans. At least the CDC order can be worked with, but still.

As for "limiting" late fees, NC has had that in place forever. We can charge one late fee, max 5% of rent, once per rental period, and if a renter chooses not to pay it, our only recourse is eviction - we can't keep adding up the late fees. I've yet to see a judge award late fees in court anyway - they are usually very dismissive of them and in fact, it's very tough to get a monetary judgment even for rent here. NC laws are written as if they WANT you to evict rather than allow on-going rent issues.

Except now...

More Colorado Nonsense (by 6x6 [TN]) Posted on: Oct 16, 2020 10:01 AM

If I understand correctly there have been some cases go to the supreme court and then get shot down?

Am I mistaken about this? Maybe it's just local courts?

Either way, I do not understand how a judge could say that this is constitutional when most here clearly feel that it is not.

Maybe judges should be elected and not appointed.

Do our votes even mater anymore?

Is it time for a well regulated militia to over throw the government?

I honestly do not understand why T is letting this go on when he is a RE investor himself. Even though it is election year, it just doesn't make since that he would allow this. I would have never expected this from him.

I can't help but wonder if this whole thing was planned or if the government is just taking advantage of the situation to get there ways.

More Colorado Nonsense (by NE [PA]) Posted on: Oct 16, 2020 10:10 AM

Google search agenda 21: private property rights. This isn't tinfoil hat.

More Colorado Nonsense (by plenty [MO]) Posted on: Oct 16, 2020 3:14 PM

Thanks NE. Googled that. Interesting.

More Colorado Nonsense (by Ray-N-Pa [PA]) Posted on: Oct 16, 2020 3:59 PM

Dang if he is getting rid of late fees, I have to wonder if that would also apply to late tax fees

More Colorado Nonsense (by Allym [NJ]) Posted on: Oct 16, 2020 4:20 PM

Wait and see who gets in as Pres. I think you will be OK with T not B, my spidey sense says.

More Colorado Nonsense (by Robert.OntarioCanada [ON]) Posted on: Oct 16, 2020 9:49 PM

It is not just about someone building wealth but rather from a tenants perspective is to find a well maintained affordable rental house or rental unit at a reasonable price as everyone knows governments and very large corporations will charge very high rents. Today call from Canada Mortgage Housing Commission where they wanted to go a survey about rental rates where told them rents after very large corporations took over rents have doubled along with lower end of rental market has disappeared forever. Rent control along with extremely difficult eviction process forced many of the smaller rental housing providers to leave rental housing forever. Large corporations or governments do not do electrical repairs, plumbing, appliance repair, renovations where contract out which is more expensive. Does socialism work anywhere in the world. If you have universal health care which is the largest portion of the provincial budget then where is the money going to come from to buy all the rental units then maintain them. Not going to happen before the pandemic or after the pandemic. Modern medical care is expensive no matter who pays for it yet more essential then some stupid ideology. Imagine a government wanting to become to sole owner of all the rental housing then ask everyone not have universal health care for all.

More Colorado Nonsense (by Vee [OH]) Posted on: Oct 18, 2020 1:19 PM

Seems to me an automatic rent increase equal to the old late fee is in order, in addition to the annual 3 percent increase.

Click Here to send this discussion to a friend
Report discussion to Webmaster

Subject: RE: More Colorado Nonsense
Your Name:
Your State:

More Colorado Nonsense
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: