Troubleís Coming (by RentsDue [MA]) Apr 5, 2021 12:47 PM|
Troubleís Coming (by Mick [CA]) Apr 5, 2021 1:25 PM
Troubleís Coming (by Richard [MI]) Apr 5, 2021 1:31 PM
Troubleís Coming (by MAP [NY]) Apr 5, 2021 1:49 PM
Troubleís Coming (by Robert,OntarioCanada [ON]) Apr 5, 2021 2:10 PM
Troubleís Coming (by Allym [NJ]) Apr 5, 2021 3:17 PM
Troubleís Coming (by NE [PA]) Apr 5, 2021 3:31 PM
Troubleís Coming (by Smokowna [MD]) Apr 5, 2021 3:47 PM
Troubleís Coming (by Johnny B. [MA]) Apr 5, 2021 6:29 PM
Troubleís Coming (by bet [MA]) Apr 5, 2021 7:22 PM
Troubleís Coming (by Dave [MO]) Apr 5, 2021 8:58 PM
Troubleís Coming (by RentsDue [MA]) Apr 5, 2021 9:18 PM
Troubleís Coming (by GKARL [PA]) Apr 5, 2021 10:01 PM
Troubleís Coming (by BRAD 20,000 [IN]) Apr 6, 2021 2:02 AM
Troubleís Coming (by Oregon Woodsmoke [ID]) Apr 6, 2021 11:14 AM
Troubleís Coming (by Jim [OH]) Apr 6, 2021 11:48 AM
Troubleís Coming (by don [PA]) Apr 7, 2021 1:19 PM
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Troubleís Coming (by RentsDue [MA]) Posted on: Apr 5, 2021 12:47 PM
Rents are up higher than they have ever been. The eviction moratorium taught LLs a valuable lesson in screening that wonít be forgotten for decades. Many LLs ( including myself) are choosing to leave units vacant and wait out the insanity. The apartment complexes and housing projects have incredibly waiting lists because nobody is moving out but so many need to move in ( probably because they owe back rent to current LL).Facebook forums are ripe with people complaining they canít find housing. We all see the writing on the wall, trouble is coming and it will be here soon. Probably in the form of a bold new set of regulations pimped out as being necessary to stabilize housing for the tenants we donít want. They will like words like ď credit challengedĒ and economically disadvantaged ď. Many states already have a source of income statute so voucher programs and disability income canít be a reason for denial. How long until they do the same with credit scores and eviction records? Iím already seeing a disturbing amount of eviction cases here that only list the plaintiff, no defendant. Iím not naive enough to think Iím safe because my screening is tough. Now that everyone elseís is too, there is a problem that is a political goldmine. They created it with the moratorium when they took away LL property rights, buckle up while they fix it by taking away whatís left.
Troubleís Coming (by Mick [CA]) Posted on: Apr 5, 2021 1:25 PM
Agreed. I had a vacancy for nearly a year until I (hopefully) found the right tenant. --184.176.xx.xxx
Troubleís Coming (by Richard [MI]) Posted on: Apr 5, 2021 1:31 PM
You've got that right.
How long until the govt says that all unoccupied residences will be put under govt control and deadbeats (Uh, I mean disadvantaged and needy tenants) will be assigned to your places? Of course, the moratorium will be extended to allow them to live there free, as if they would pay anyway.
I see a rash of "unexpected repairs" that owners suddenly find which requires them to remove toilets, baths, and electric service because of "problems" with these things. After all, the govt says housing has to meet their standards or people cannot live there. No plumbing, no electric, broken windows, etc means vacant. --24.180.xx.xx
Troubleís Coming (by MAP [NY]) Posted on: Apr 5, 2021 1:49 PM
NYS already outlawed screening based on evictions back in July 2019. --72.231.xxx.xx
Troubleís Coming (by Robert,OntarioCanada [ON]) Posted on: Apr 5, 2021 2:10 PM
Common sense is where do not get advise on economic and housing policy from extreme left wing tenancy advocate groups. It is unbelievable here that governments fund people who actually own their own houses. If they believe in free housing with free utilities then left some people move in for free forever. Extremist groups do not even represent 0.01 per cent of the population. If housing is a right then let the extremists pay for rent arrears and damages. In the province of Ontario they squeezed out many of the smaller housing providers who owned houses, townhouses, condominiums along with smaller apartment buildings where now a lot of housing is owned by very large corporations along with the secondary rental housing was converted to owner occupied. Now rents in the province of Ontario are extremely high along with one per cent to zero vacancy rate where wonder why there is rental housing where those who are able to buy have no problem. Remember the time Dave was housing minister with the left wing New Democratic Party when someone named off all the Socialist countries then asked Dave where in the world has Socialism worked where Dave blew up then said do not insult my party. People today still remember the New Democratic party where they are unlikely to win another provincial election. --99.236.xxx.xxx
Troubleís Coming (by Allym [NJ]) Posted on: Apr 5, 2021 3:17 PM
Are the govt checks giving people the deposit and they want to move away from mom and dad or out of the basement. Who is moving right now? --108.24.xx.xx
Troubleís Coming (by NE [PA]) Posted on: Apr 5, 2021 3:31 PM
Troubleís Coming (by Smokowna [MD]) Posted on: Apr 5, 2021 3:47 PM
One at a time, one at a time. You only need to find one good tenant. If you have a hundred houses to fill you will be a bit anxious, however the same rule-of-thumb will apply.
I think all we need to do is pick the tenants well, pass the problems off to the next person. Yes, new laws will show up on your doorstep, but it could take years.
Troubleís Coming (by Johnny B. [MA]) Posted on: Apr 5, 2021 6:29 PM
Rents ó are you saying that tenant names are not being populated on masscourts.org? --73.186.xxx.xxx
Troubleís Coming (by bet [MA]) Posted on: Apr 5, 2021 7:22 PM
I just did a search based on date and both plaintiff and defendant are listed as of 4/1/21 --45.19.xxx.x
Troubleís Coming (by Dave [MO]) Posted on: Apr 5, 2021 8:58 PM
RentsDue, I think you are spot on. Iíve been reducing the rental doors through the mls to new retail buyers and some new LLís.
My last 2 purchases were flipped. I enjoy the flips and seems like I can do that with out any Government interference.
Flips will be my personal focus for now and the future. --173.216.xxx.xx
Troubleís Coming (by RentsDue [MA]) Posted on: Apr 5, 2021 9:18 PM
The missing information isnít across the board. Itís sort of randomly sprinkled in. One happened to be an applicant who told me that their LL had efiled against them. I searched the LL and found their case, but the tenant was not listed. If they didnít tell me I would not have known. There are more like that. I donít know if it is a specific clerk , if they all have the same lawyer or if itís an completely random. Iím sure they will blame COVID. --75.133.xxx.xx
Troubleís Coming (by GKARL [PA]) Posted on: Apr 5, 2021 10:01 PM
I don't think the sky is falling however, I do think changes in procedures are necessary and I think one has to think how you would vet applicants if you can't look up court records. Folks with raggedy lives are consistently raggedy. For example, if I require that someone produce 12 months of proof of payment of rent, that will cull out most evictees, pre-evictees and those looking to take their last month's rent from their old LL to finance entry into your place. Basically, the time to think through alternative vetting approaches is now. I don't see the situation as being unmanageable. I do think that it's prudent to re-examine C class properties but that depends also. The government could expand subsidy programs to house people. It's not my thing, but there are folks who've made a good living offering section 8 housing. --209.122.xx.xxx
Troubleís Coming (by BRAD 20,000 [IN]) Posted on: Apr 6, 2021 2:02 AM
Seattle is already there.
Get with some local LLs who have figured out how to survive the MA rules.
I continue to be blown away that Mass was the seat of our American liberty but now squashes liberty.
Troubleís Coming (by Oregon Woodsmoke [ID]) Posted on: Apr 6, 2021 11:14 AM
They don't have to ban evictions as a means to reject. All they have to do is to close the court records.
Criminal record checks are worth a lot less now because they can only list convictions. Lots of slime balls get charged but have their cases dropped or plea bargained away. They are still slime balls and I still don't want them, but it has become more difficult to detect them. --76.178.xxx.xxx
Troubleís Coming (by Jim [OH]) Posted on: Apr 6, 2021 11:48 AM
What NE said about what Rents Due said.
We provide a necessary product that all american families and single just starting out folks need. Because it is necessary and not optional, some think it needs to be regulated to protect those needs.
Continue to be good landlords. Continue to screen and protect your existing tenants. Continue to come to this forum to learn and vent. We are not victims of government abuse cuz we can always sell.
The government really does not want us to sell as they know they can't regulate themselves better than they can regulate us.
Push back. --184.57.xxx.xx
Troubleís Coming (by don [PA]) Posted on: Apr 7, 2021 1:19 PM
Oregon. Innocent until proven guilty. Not guilty when charged. If you were ever falsely accused of something you would have a different viewpoint. --73.141.xxx.xx
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