 Local Rep Meeting (by MAP [NY]) Oct 6, 2021 9:57 AM
 Local Rep Meeting (by NE [PA]) Oct 6, 2021 10:11 AM
Local Rep Meeting (by MAP [NY]) Oct 6, 2021 10:17 AM
Local Rep Meeting (by Vee [OH]) Oct 6, 2021 10:28 AM
Local Rep Meeting (by 6x6 [TN]) Oct 6, 2021 12:43 PM
Local Rep Meeting (by NE [PA]) Oct 6, 2021 12:55 PM
Local Rep Meeting (by 6x6 [TN]) Oct 6, 2021 1:08 PM
Local Rep Meeting (by MAP [NY]) Posted on: Oct 6, 2021 9:57 AM
Message:
So we attended a local landlord meeting (we live in upstate NY) which included our state representatives. The news was NOT good for landlords. Since the Dems hold a legislative super majority, they will stop and nothing less than to cancel rent.
That was from the "horse's mouth" so to speak. One of the reps said they debated the continuation of the eviction moratorium for 9 hours, including stories of elderly ladies who can't pay the tax bill on the rental property they owned since the tenant stopped paying for going on 18 months now. An eviction attorney in attendance said that an elderly couple was owed $23K due to the eviction moratorium.
The rep also mentioned that ERAP was a sham (we all knew this) and that the former Gov Cuomo, wanted to scarf those monies into the general funds instead of distribute it to property owners. The eviction moratorium extension into 1/15/22 here will be further extended ad infinitum until rent is completely cancelled according to the reps.
There were some SJWs in attendance from various militantly pro-tenant orgs and they were bemoaning the "housing crisis" in that there were not enough rental units, then went on to say they are making inroads in zoning laws in order to be able to put up high rise "affordable housing" (TM) in SFH suburban zones.
--174.208.xx.xx |
Local Rep Meeting (by NE [PA]) Posted on: Oct 6, 2021 10:11 AM
Message:
Haha (trademark). So for the average investor, NY state is for flipping houses only? In the past, I would assume that an investor could navigate all the nonsense that might come out of legislation. I don’t think anybody can navigate the Covid rental nonsense. It’s all encompassing. It doesn’t matter their credit score or bill payment history or employment history. As long as they can find a way to qualify if they need to, the landlord loses. --174.198.x.xxx |
Local Rep Meeting (by MAP [NY]) Posted on: Oct 6, 2021 10:17 AM
Message:
Yeah hubs and I are rethinking our buy and hold philosophy.
Will be thinking about flipping the SFH that we just purchased. And the duplex we are rehabbing now we might just flip as well... --174.208.xx.xx |
Local Rep Meeting (by Vee [OH]) Posted on: Oct 6, 2021 10:28 AM
Message:
Sadly we have tried to get a guv representative to meet with our landlord group in NE Ohio but no response yet, there have been several closed meetings which can be seen on you tube but no public input for over 18 months which may go against sunshine laws. The guv seems unsupportive of the small businessperson and those that complain about lack of housing don't want to pay - turmoil is evident without a care. --76.188.xxx.xxx |
Local Rep Meeting (by 6x6 [TN]) Posted on: Oct 6, 2021 12:43 PM
Message:
Back when all of this first started, there was a NY LL on the news that was happily forgiving rents to lots of tenants. I would bet that he regrets that now. It has been a long 2 weeks. --73.120.xx.xxx |
Local Rep Meeting (by NE [PA]) Posted on: Oct 6, 2021 12:55 PM
Message:
Would be interesting to follow up 6x6.I bet he changed his tune. --24.152.xxx.xx |
Local Rep Meeting (by 6x6 [TN]) Posted on: Oct 6, 2021 1:08 PM
Message:
I am betting so. If I remember correctly, he was a big LL and was forging in the hundreds of thousands+. --73.120.xx.xxx |
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