Slumlord Envy (by Roy [AL]) Jul 25, 2022 9:09 AM|
Slumlord Envy (by jonny [NY]) Jul 25, 2022 10:34 AM
Slumlord Envy (by Ken [NY]) Jul 25, 2022 11:10 AM
Slumlord Envy (by Roy [AL]) Jul 25, 2022 11:16 AM
Slumlord Envy (by Robert,OntarioCanada [ON]) Jul 25, 2022 11:38 AM
Slumlord Envy (by Roy [AL]) Jul 25, 2022 11:40 AM
Slumlord Envy (by MikeA [TX]) Jul 25, 2022 11:45 AM
Slumlord Envy (by Robert,OntarioCanada [ON]) Jul 25, 2022 11:50 AM
Slumlord Envy (by Nicole [PA]) Jul 25, 2022 12:39 PM
Slumlord Envy (by Nicole [PA]) Jul 25, 2022 12:44 PM
Slumlord Envy (by Jasper [OH]) Jul 25, 2022 12:48 PM
Slumlord Envy (by Nicole [PA]) Jul 25, 2022 12:56 PM
Slumlord Envy (by jonny [NY]) Jul 25, 2022 12:59 PM
Slumlord Envy (by Ken [NY]) Jul 25, 2022 1:26 PM
Slumlord Envy (by Roy [AL]) Jul 25, 2022 1:58 PM
Slumlord Envy (by RB [TN]) Jul 25, 2022 2:09 PM
Slumlord Envy (by plenty [MO]) Jul 25, 2022 2:50 PM
Slumlord Envy (by mike [CA]) Jul 25, 2022 6:48 PM
Slumlord Envy (by Ray-N-Pa [PA]) Jul 25, 2022 7:36 PM
Slumlord Envy (by 6x6 [TN]) Jul 25, 2022 9:21 PM
Slumlord Envy (by Tonia [RI]) Jul 25, 2022 10:15 PM
Slumlord Envy (by Robert,OntarioCanada [ON]) Jul 25, 2022 10:16 PM
Slumlord Envy (by Roy [AL]) Jul 26, 2022 7:28 AM
Slumlord Envy (by Busy [WI]) Jul 26, 2022 8:09 AM
Slumlord Envy (by Roy [AL]) Jul 26, 2022 8:15 AM
Slumlord Envy (by S i d [MO]) Jul 26, 2022 8:27 AM
Slumlord Envy (by Roy [AL]) Jul 26, 2022 8:54 AM
Slumlord Envy (by Ken [NY]) Jul 26, 2022 9:27 AM
Slumlord Envy (by Pat [VA]) Jul 26, 2022 10:57 AM
Slumlord Envy (by Roy [AL]) Jul 26, 2022 11:53 AM
Slumlord Envy (by Pat [VA]) Jul 26, 2022 12:29 PM
Slumlord Envy (by GKARL [PA]) Jul 26, 2022 12:39 PM
Slumlord Envy (by Dave [MO]) Jul 26, 2022 12:51 PM
Slumlord Envy (by GKARL [PA]) Jul 26, 2022 1:22 PM
Slumlord Envy (by Roy [AL]) Jul 26, 2022 3:24 PM
Slumlord Envy (by S i d [MO]) Jul 27, 2022 11:49 AM
Slumlord Envy (by Roy [AL]) Jul 27, 2022 2:46 PM
Slumlord Envy (by Roy [AL]) Posted on: Jul 25, 2022 9:09 AM
First of all, with this post I do not intend to project any disrespect for any LL here that may be considered by their peers to be a slumlord. In the last 16 years, I have actually gained a lot of respect for the LL's in my town who own/manage rental properties in mostly Class D and F neighborhoods.
The reason I am posting this is because I have 2 properties in a Class D hood (I have tried selling them but I can't get any serious offers) and thus if I am going to continue renting/managing these houses, it may be in my best interest to change my Class A/B tenant management style over to the way most slumlords manage their D & F properties. Most slumlords that I know (locally) do only minimum repairs , offer no frills, and are willing to rent a house that is filthy and reeks of dog/cat urine. Their management style says "If the tenant wants a clean and sweet smelling house, they will clean it themselves." We will even give them the cleaning products at move-in too, but of course,...they never get used.
Now, for anyone to fully understand what I am talking about here, you would need to have extensive experience managing Class D and F tenants which in my opinion would include the Section 8 tenant pool also.
So, if you have any experience with Class D & F tenants and would not mind coming forward here, I would like to learn from you. My current management style works just fine with A, B and C tenants, but with D & F tenants (a different breed here), I may need to make some changes.
Slumlord Envy (by jonny [NY]) Posted on: Jul 25, 2022 10:34 AM
I wouldn't change my management style and would expect a "higher class" (so to speak) of the Class D and F tenant pool. Those who may have the ability to get to the Class C and D if you know what I mean.
If they continue to ruin your property then I would probably just hold out, do monthly inspections and only do month to month. It would mean a lot of work on my end and I would hate every minute of it. So to me - I'd probably end up selling it or just cleaning it up enough to then do a "rent to own" situation.
My attorney wouldn't like it but I don't know what else I would do.
Good luck ... I'll watch the post but I don't think I would lower my standards (much... you can't expect Class A type behavior in a Class D or F property for sure). --68.9.xx.xx
Slumlord Envy (by Ken [NY]) Posted on: Jul 25, 2022 11:10 AM
Roy,on occasion i can be a slumlord if i take over a place that is destroyed and slum tenants are living there,it doesnt bother me to collect rent and leave them in there squalor.That being said if you have a house you have already gotten in good condition i wouldnt put just anybody in and let them wreck the place,keep up your standards and pick the cream of the crap to be your tenant --74.77.xx.xx
Slumlord Envy (by Roy [AL]) Posted on: Jul 25, 2022 11:16 AM
It is difficult for me to explain (here) the psychological mindset or behavior patterns that is common among the poorly educated, ignorant Class D tenant pool which is what you find when you advertise a rental in a Class D hood. 90% of this tenant pool lives primarily on the government dole (welfare, SS, food stamps, SSI, disability, etc.) If a Class D tenant has a job, it usually the type where cash is paid under the table. That same cash gets offered to me when the rent is due and me trying to get these people to do direct deposit (Zelle) is next to impossible. The only way to get my rent paid on the 1st or the 3rd, is to pick up the rent at their door in person. Slumlords do not seem to mind doing this. It is what it is.
I am at the point where 'if I can't beat them,...I might as well as join them'. --71.207.xxx.x
Slumlord Envy (by Robert,OntarioCanada [ON]) Posted on: Jul 25, 2022 11:38 AM
Slums are legislated by governments which is rent control where if the annual operating expenses increase more than allowed rent increases the only thing that can be cut are repairs, renovations. The largest slum in Canada is owned by governments where the name was changed from housing authority to community housing. Overall the private sector rental housing providers have a higher standard of rental housing which conforms more to the market standard than just the building code. I took over a building that was in disrepair where applied for a conditional order where repairs, renovations were planned out than applied for a above guideline rent increase where first was 20.45 per cent and second was 14.75 per cent after major repairs, renovations were done along with absolutely no building or fire code violations five rental units tried to appeal above guideline rent increases where they 30 days once the conditional order was filed then they were limited on rent appeals. Above guideline increases is a cost pass through where most of repairs, renovations are amortized where can get a percentage along with apply for rent increases in annual operating costs that have gone up more than guideline increases. One January those rental units moved out then with one ad all five were rented then never heard a complaint about rent as the building was brought up. Now what is happening is owners are selling out to large corporations then renovictions are occurring where they kick out then double rents as the repairs and renovations have to paid for. --68.69.xxx.xxx
Slumlord Envy (by Roy [AL]) Posted on: Jul 25, 2022 11:40 AM
Thanks Ken for that Cream of the Crap remark,..your choice of words is priceless.
BTW, you are the only LL here who does not mind admitting to being a part-time slumlord. There are other slumlords who do post here and I was hoping some of them would come forward here,...even if they have to change their posting ID name to another alias. It would nice if we could have a slumlord round table discussion here without anyone bad mouthing or calling each other names. --71.207.xxx.x
Slumlord Envy (by MikeA [TX]) Posted on: Jul 25, 2022 11:45 AM
I had a couple in a D neighborhood. It was right on the edge, the next block over was C and a few blocks the other way is one of the worst in town. I sold them a few years ago because, while they produced a pile of cash each month, managing this pool of tenants is time consuming.
I didn't do anything different than at my other units. I did have a little looser selection standards. For example, I normally require 2 years of stable employment. For this crowd I went down to 6 months. I never accepted government doles (S8, etc) those bring their own set of hassles dealing with government bureaucracies and entitled tenants. I also got a higher deposit (1 month rent VS .5 month rent on others). That tended to weed out a bunch of deadbeats.
While you have to meet the requirements for fair housing, I always targeted English as a Second language folks and the younger crowd, particularly those in early construction careers. I found that both of those groups tended to be on the way up in their life rather than the way down, I don't want to be the one stuck with someone who hits bottom while living in my unit. My plumber and electrician both were sending me their apprentices, I just required that they be on the job for 6 months before they were in. By then you tend to weed out the ones that aren't going to make it to journeyman and will flame out sooner than later.
As a whole though, even with the best screening, you are still going to deal with more headaches. Parties, inconsistent yard mowing, late rent, and midnight move-outs happen with greater frequency than in higher grade units. Ultimately while the cash-flow on these units is amazing, the hassle and time invested for me just wasn't worth it and I got out. --209.205.xxx.xx
Slumlord Envy (by Robert,OntarioCanada [ON]) Posted on: Jul 25, 2022 11:50 AM
It is mining operation where everything is taken out than absolutely nothing is left where no equity is being built along with there many hazards that should be fixed. Other than collecting rents there is a significant loss. Under rent control tenants can file for rent appeal if there are building and fire code violations except the government owned rental units which are under rent control. So in the end it is between homelessness or a rental house or rental unit that is in the third world standard. I would never envy that position where no matter what have done repairs, renovations on apartment buildings through extremely difficult times. Where only lived on modest salary then everything else went into the apartment buildings. It meant doing two things diametrically opposed things where cutting costs along with doing repairs, renovations which meant shopping a few different Habitat for Humanity restores for building materials. appliances, power tools where could stretch a dollar much further then the big box or hardware stores. Sometimes a package was opened where it was a exchange which was brand new or could a few different items where could make one or two out of many. Was able to buy seconds doors where only a minor blemish although brand new. Miss tint paint where useable not able to duplicate. --68.69.xxx.xxx
Slumlord Envy (by Nicole [PA]) Posted on: Jul 25, 2022 12:39 PM
Keep your personal standards but don't improve the property itself as much. Functional and clean is what you are searching for. Brad's "Momma rents the kitchen" (I forget how he phrases it) does not apply.
Laminate kitchen counters in whatever color is on sale, a return or even two different but similar colors/patterns on opposite walls. Same with cabinets. An odd place for a cabinet? Put up two open shelves.
1 x 2s instead of baseboard and window molding. Bolt curtain rod brackets at the top of the windows.
Functional although perhaps not attractive doors.
Drop ceilings rather than change over to drywall.
No storm doors.
Functional and clean although dated look in bathrooms and kitchens.
In bedrooms, lay a piece of carpet cut to room size - I did not say padding and I did not say "install" - I said lay it down. If you wish, staple or nail 3 times on each side.
When I had my smaller cash cow efficiencies, I put stick down 12 x 12 tiles around the perimeters and placed an area rug in the center - tossed it when they moved out. $89 and done.
No need to replace/repair closet doors - hang a rod and a cheap curtain with gromets.
Slumlord Envy (by Nicole [PA]) Posted on: Jul 25, 2022 12:44 PM
Instead of replacing kitchen counter tops, I used to lay a piece of cheap/pieced plywood. We then bought a sheet of glue on laminate from hd/lowes. Painted the edges a similar color.
Broken cabinet drawer? piece of plywood instead of matching drawer front.
4" square pieces of plywood on walls behind door handles.
Cracks in ceiling plaster? Piece of drywall right over top with caulked edges rather than attempt to repair. --98.237.xxx.xx
Slumlord Envy (by Jasper [OH]) Posted on: Jul 25, 2022 12:48 PM
I had my share of D properties when I first started landlording over 30 years ago. It was what I could afford at the time. It was much harder to screen tenants then, as there was no internet where you could find criminal or eviction records with a click on your computer. I had the ability to do credit checks through our local landlord association, but I rarely did them. I didn't consider myself a slumlord, although I'm sure some perceived me as such. My units were always clean and safe even though not in the best part of town. I eventually sold those properties and moved up to B-C neighborhoods where the tenant pool was better. I'm in my late 70's now and still have a few single family homes with long term tenants. The Section 8 or government assistance tenants weren't any better or worse than private pay in Class D houses. They both made me a lot of $$. --75.91.xxx.xxx
Slumlord Envy (by Nicole [PA]) Posted on: Jul 25, 2022 12:56 PM
read the Section 8 Bible. A lot of it is off the wall but many usable ideas and/or guidelines.
Slumlord Envy (by jonny [NY]) Posted on: Jul 25, 2022 12:59 PM
Ken ... perfect wording.
Roy .. I know all too well what you are stating. I was thinking the same thing as Ken tho ... if you already have the place that is "fixed up" then keep doing your thing. Yes, I do understand the "pick up the rent" thing (I now have started charging a fee for this) and sometimes (mostly) they don't do Zelle .. you have to do CashApp or something else that seems to be the thing that they have that most others don't.
I have one tenant that made the comment to me a few months ago "man, I wish you had cashapp ...I'd send you the money right now but instead I gotta transfer it then pull the money". I signed up and said "here's my id". I still didn't get it for another few days but now they don't have an excuse (meaning that it's "my fault" for not having what they have". MY daughter asked me the other day why I had that .. then she said "oh... is that so some of your tennies will pay you?" I laughed and said "yup, otherwise I have to chase them down".
Slumlord Envy (by Ken [NY]) Posted on: Jul 25, 2022 1:26 PM
I have not had anyone ask if i have cashapp,zelle or anything like that and i have no interest in getting any of them.I generally send an invoice with a stamped envelope with my name and address on it to the low end tenants and they get money orders and return them to me.Better tenants make the deposit directly into my account.I am turning new houses over to a young manager so that is his issue to deal with but i am teaching him.
As an example a couple years ago a guy was losing a house for non payment of taxes,he owed more than the house was worth,he deeded it to me and i had my attorney do some paperwork to stop the tax foreclosure and i collected $950 per month for about 3 years before the city finally took the place.This was a 2 family and those were very cheap rents with slum tenants,i didnt raise the rents and they paid the rents and continued to live like pigs,i did nothing to it and they were happy because they were used to it an that was all they could afford. that was the only way to make anything on the place as i had no idea when the city would actually foreclose --74.77.xx.xx
Slumlord Envy (by Roy [AL]) Posted on: Jul 25, 2022 1:58 PM
I have read both volume's of Section 8 Bible and those are my favorite LL books of all time. For years I have wanted to adopt their methods of managing high risk Sec. 8 tenants but I just can't seem to bring my own standards down to their level. Those are the kind of street-wise landlords that I would love to sit down and talk shop with.
Jonny- when a Class D tenant paints the inside of your house (without permission of course) some hideous color they bought for $1.00 a gallon and they did a horrible painting job too,..do you spend the money to bring it back to what it used to be (repose gray) or just leave it and hope the next D tenant likes that same hideous color. And when they leave you a house infested with cockroaches, do you just leave the house as is and hope the next D tenant slob does not mind having a few cock roaches as pets. My standards have always been to correct the problems left behind but now my patience is wearing thin and I am just tempted to leave it as is. --71.207.xxx.x
Slumlord Envy (by RB [TN]) Posted on: Jul 25, 2022 2:09 PM
"It is what it is", Right ?
Deal with it or find a new hobby. --24.183.xxx.xxx
Slumlord Envy (by plenty [MO]) Posted on: Jul 25, 2022 2:50 PM
Many days I've wished I could care less. Screen less. Fix less. And get "away" with it. And worry less, care less, keep driving! --172.56.xx.xxx
Slumlord Envy (by mike [CA]) Posted on: Jul 25, 2022 6:48 PM
slumlord and envy...two words we never thought we might see in the same sentence --75.80.xx.xx
Slumlord Envy (by Ray-N-Pa [PA]) Posted on: Jul 25, 2022 7:36 PM
When I had lower end places, I tended to have higher turn over. At that point in my career, I didn't realize what a turn over actually cost me. If you want to stay where you are at and not not move upward, I would focus on retention.
One thing I heard that does scare me a tad, is I tried to sell but no one would buy. I have to wonder if you are targeting the right group with the sales proposition. Why do investors buy class D units or lower? They are starting out or they see the proforma report and think the cash flow is awesome. I would be targeting investors not tenants as buyers for lower end units. These units are easier to bundle together too so 1031's are easier --24.101.xxx.xxx
Slumlord Envy (by 6x6 [TN]) Posted on: Jul 25, 2022 9:21 PM
I think the place that I am working on now was run by a slumlord. --73.120.xx.xxx
Slumlord Envy (by Tonia [RI]) Posted on: Jul 25, 2022 10:15 PM
Slumlord Millionaire was a great movie. --71.117.xxx.xx
Slumlord Envy (by Robert,OntarioCanada [ON]) Posted on: Jul 25, 2022 10:16 PM
A slum building does not support the community where rental housing providers purchase goods and use services locally not the third world. Government run rental units are mismanaged where the funds that should have been used for repairs and renovations wind up somewhere else. It is a great place to work but a terrible place to live as slowly rental units start to deteriorate. The future is having a very efficient rental unit or house where a higher rent is justified. --68.69.xxx.xxx
Slumlord Envy (by Roy [AL]) Posted on: Jul 26, 2022 7:28 AM
One of the class D properties I am referring to in this post is right now listed for sale on the MLS but this listing will be removed today since I can't even get a low-ball offer on this place. It has been listed for 6 weeks now and the RE market is supposed to be 'on-fire' here. Maybe so, but those flames are not burning anywhere near where my house is.
If you want to see my listing, go to ValleyMLS and type-in this MLS#: 1808904 Street address is: 507 Bryan
This MH has been my very best cash cow (rental unit) since 2010 and right now I can't even give it away when I try to sell it! Today it will get converted back into a rental unit. --71.207.xxx.x
Slumlord Envy (by Busy [WI]) Posted on: Jul 26, 2022 8:09 AM
If you do a search on this website, there were several good posts on this forum about this. Prior to the covid nonsense. --70.92.xxx.xxx
Slumlord Envy (by Roy [AL]) Posted on: Jul 26, 2022 8:15 AM
People often ask me why I would want to sell my very best cash cow. This is a rental unit where my cost basis is $18K and rents for $650/month. Insurance and Taxes are dirt cheap too. Do the math.
I bought this MH in 2010 for $5K and back then I did not know what I know now. Back then (2006-2013) I made some killer RE purchases but without any regard for what type of neighborhood they were in or what it would be like to manage the tenants those places would attract. Back then, most of the houses I bought dirt cheap were in Class C hoods but I did end up two houses that were in Class D hoods. Back then, I did not understand the differences (ie. managing tenants) between the B, C and D hoods. Now I understand and my patience in managing Class D tenants and all their stupid ridiculous drama is wearing me down.
After 16 years in this business, I have learned that managing Class C tenants is a piece of cake, however, managing Class D is a different story,..these folks are a different breed of tenant. --71.207.xxx.x
Slumlord Envy (by S i d [MO]) Posted on: Jul 26, 2022 8:27 AM
There are some who consider me a slummer based on the location and condition of some of my properties, but based on my tenants I'm a Class C+ or better generally.
I don't envy slum lords, but I do recognize the economic niche they fill in any town/city. Slum tenants need slum land lords. I was over at my one vacancy yesterday to pick up a lock box. Lo and behold: the yard looked list a trash cart had tipped over followed by a windstorm. Litter everywhere. Someone had even tossed an old ratty sofa on my curb and the curb of the house next to us. The house next door is boarded up. Trash on the porch. Upper story window wide open. No signs of life anywhere.
Our 4-plex there is nicer: semi-remodeled by the previous owner, and when we bought it in March 2020 (new flooring, fresh paint) and I put in brand new central heat and air because I got a deal at $3500 per unit for 4 units. Probably a mistake, but I thought the neighborhood was gentrifying at the time, as there were several houses being fixed up and signs of construction activity. Something must have gone haywire, because the fixer uppers are no longer there and it's slipped back down to grungy. Probably will exit that hood soon.
I'm getting close to the point of exiting residential C/D property. I won't touch F. I also won't do Sec 8. When you accept Uncle Sam's money, you play by his rules. I'm not interested in his rules.
Commercial is so much easier. I love these large metal boxes with concrete floors. I also believe that ultimately it will be more profitable and less drama as I find better opportunities to space for higher and better purpose, raise rental income, and boost value.
Slumlord Envy (by Roy [AL]) Posted on: Jul 26, 2022 8:54 AM
Thanks for your reply. I do envy slumlords for the following reason,...they provide a very real public service which most people are not aware of.
People who rent from slumlords are people who are at the very bottom rung of the rental market (Class F) which explains why slumlords always have the lowest rents in town. Now, if all slumlords were forced out of business, every U.S. city would have a homeless problem similar to what is going on right now in Los Angeles. When I watch YouTube videos of entire families living in tents on the street curbs of L.A. or Seattle, WA,..I can only count my blessings that horrible situation does not exist in my city. It does not exist because of the slumlords who are willing to rent to the lowest level of the tenant pool. Would you agree? I --71.207.xxx.x
Slumlord Envy (by Ken [NY]) Posted on: Jul 26, 2022 9:27 AM
Roy, class c and d houses must be sold and by that i mean they wont sell themselves and someone must actively sell them,they cant just be listed on the MLS and expect someone to come buy them.If you cant do it you need to find an agent who can find a buyer who can walk a buyer through the process and mainly sell the monthly payment as equel to or less than rent would be --74.77.xx.xx
Slumlord Envy (by Pat [VA]) Posted on: Jul 26, 2022 10:57 AM
Roy, we are buying a '77 mobile on half an acre with septic but we will have to drill our own well, for $22,000.00 Well will be close to 9,000. I would have thought somebody would have grabbed yours quickly. It looks like a rental that would easily go for 650. or more here.
We are not slumlords, we have some lower type rentals (singlewides) but we have some real nice houses too. We do fix up and clean in between clients. We're not nearly as expensive as a lot because we like to keep people a few years. --47.133.xxx.xxx
Slumlord Envy (by Roy [AL]) Posted on: Jul 26, 2022 11:53 AM
I have sold several Class C houses on the MLS with no problem. However, Class D is another story. As you know, anytime a property lists for less than $50K,...getting any type of mortgage can be next to impossible, especially when the property is a 1976 vintage SW MH. So, if I really want to sell this place, I will need to Owner-Finance it via a Lease-Option or do some type of RTO deal. Today, the best cash offer I would accept is $30K. However, I will owner-finance today at $45K with 10% down.
Pat - It cost $9,000 to drill a well??? All of my properties are on city water and sewer. I would never buy a rental property that was on a septic tank,...but if you have no choice, I can understand. --71.207.xxx.x
Slumlord Envy (by Pat [VA]) Posted on: Jul 26, 2022 12:29 PM
Roy, yes, I could not believe how much wells have gone up. We usually do 24" bored but with this small of a lot, a 3B drilled well has to be done. (due to septic lines, etc.)
Our last 24" bored well in 2013 was $5,000.00.
Every estimate I've gotten on a 3B is between 8,700. & up. Depending on how deep, etc. --47.133.xxx.xxx
Slumlord Envy (by GKARL [PA]) Posted on: Jul 26, 2022 12:39 PM
I wouldn't want to own a class D. For one, going around and collecting the rent in person isn't something I'd want to do. If they can't cash app it, I'm not interested in the tenant. Beyond that, I'm not interested in the drama --209.122.xx.xxx
Slumlord Envy (by Dave [MO]) Posted on: Jul 26, 2022 12:51 PM
Roy, that is a clean mobile home. If you would take $30K my experience is price it closer to what you want to net. $32,500K and you will get closer to asking price if not full asking price.
Today's buyers will skip over a listing if it's over priced.
The market has cooled and is not hot like it was in the past month or two.
Slumlord Envy (by GKARL [PA]) Posted on: Jul 26, 2022 1:22 PM
I also looked at the listing. Class D means different things based on the area. For me, class D is boarded up houses, drug dealing and etc. in a congested area. This looks like just a bucolic rural setting. --209.122.xx.xxx
Slumlord Envy (by Roy [AL]) Posted on: Jul 26, 2022 3:24 PM
From my point of view, 'Boarded up houses, drug dealing and prostitutes plying their trade in broad daylight,...that is my definition of Class F,...but not D. Class D is just a poor white neighborhood that results from a major employer that left town 30 years ago. (Republic Steel closed here in 1990 and the surrounding neighborhood has been dying a slow death ever since then). No jobs here, just government checks keep residents in their worn out homes and food on the table. --71.207.xxx.x
Slumlord Envy (by S i d [MO]) Posted on: Jul 27, 2022 11:49 AM
I don't disagree with a word of what you said, Roy....except once again I don't envy slummers. I recognize they are a necessity, but I don't want to be one. Sort of like how some folks don't want to be sanitation workers.
I've written extensively on the topic in local forums where tenants whine about slummers. Want to talk about a way to stir up a hornet's nest of ad hominim attacks and ranting diatribes! Of course, they never actually ADDRESS the issues I raise: they just howl that slummers are evil and fail to acknowledge the existence of slum tenants. My favorite is "everyone DESERVES decent housing."
When you ask, "Can you define what you mean by decent?" or ask "what should we do with people who trash their decent houses?" and "who should pay for this entitlement?" they go into full-on REEEEEEEE mode!
Slumlord Envy (by Roy [AL]) Posted on: Jul 27, 2022 2:46 PM
No one is saying you have to like or envy slumlords,..just don't treat them like the scum of the earth (like they do on Facebook). Actually, a few of my local LL business associates are very successful slumlords. In their way of thinking, all they do is give tenants what they pay for. For example, if a tenant pays little or nothing for rent (ie. Sec. 8) and in return the slumlord provides the tenants with the very minimum level of comfort. And if the tenants choose to live in their own filth, hey that is their business but don't blame the LL for it by calling him or her names on Facebook.
Back in the late 70's, when I was a broke college student, I use to rent dumpy houses and low-end trashy apartments from slumlords myself. As I look back on it, it was not all that bad, but again, I only got what I was willing to pay for which was $50.00/month rent back then. The Class A apartments across the street were $600/month for comparison. --71.207.xxx.x