Posted on 03/31/2021 10:02:47 AM PDT by bgill
On Tuesday, Austin and Travis County leaders announced they’ll be extending eviction moratoriums until May 1. It follows a federal move to do so Monday.
The rules protect tenants who can’t pay rent due to the pandemic, but the extensions are also forcing many landlords to sell.
Kathy Smart, for example, rents out her Travis County home, but her tenant owes her nearly $6,000.
“Not having the income and trying to keep up with everything — I’m behind on my car, behind on a lot of my other bills. I had to get loans,” she said.
(Excerpt) Read more at kxan.com ...
And this one is funny:
“Seller Refuses to Leave Home - Overstays a Year”
https://www.youtube.com/watch?v=6-XnKJDqA7c
here come the Chinese buyers...
Fortunately all 3 of my tenants have been paying largely on time. Two on time like clockwork (one that just moved out yesterday), I have it under contract to sell for 40% more than I bought it for a few years ago. One of my tenants has been behind a bit but has been catching up a bit each month and is running only a week late at this point. Quality screening on tenants is crucial for renting. I do not look to max the rent - I like to rent $50 under market, which gives significantly better quality applicants, and also usually provides less turnover.
“Who didn’t see this coming?”
Apparently my BIL and SIL. They are stuck with two rentals that won’t pay and cannot get them out. June 30th look for the moratorium to be extended to Sept 30th.
Sounds like a 5th amendment violation of taking private property for public use without just compensation
The concepts of money, property, rule of law mean nothing to government any longer.
Many politicians do not even identify as socialists, but they are all blind, arrogant central planners.
Renting under market gives you better quality tenants?
The idea that landlords should just have to keep housing people for free indefinitely while Syria gets 600m is too much to stomach
Yes, instead of say 5 applicants the first weekend I list it, I get 50. I’ll go from 0 or 1 person with a credit score 720+ and income 8x+ rent with steady job history to 5 to 7
That kind of circumstance would become so frustrating to me, I’d find myself thinking about ‘accidentally’ setting it on fire.
A friend of mine manages the maintenance department for a large apartment management company with thousands of units.
They’ve been sending out notices reminding the deadbeats that the free ride will be ending and when it does, every penny they owe will be due immediately or out they go followed immediately by all their stuff.
I tried the landlord game for a short time 25 years ago. We had to evict a deadbeat.
A girl from our Bible Study group got all over my case because I so heartlessly threw this guy out on his butt. I remember trying to explain to her bleeding heart that the guy was a thief and was stealing from me. He deserved to be treated as a thief.
i know we are hot to unload our rental in Virginia.
I don’t want to wait until it all goes south.
Me too. When the state will not protect you, you have to do it yourself. That’s why people carry a pistol.
Not to put too fine a point on it, but when someone like that is able to prevent you from taking your home, he is robbing you. And everything the state enforces, they do at the point of a gun, ultimately. Therefore, if he is doing it while hiding behind the state that is protecting his right to do so, he is robbing you at gunpoint.
What are you going to do about it?
A car payment is like rent. Tell them you live in that car at least some of the time and refuse to pay per the state’s orders.
It’s a terrible spot to be in. The woman’s husband probably feels less than a man, because he can’t quickly resolve the issue. But few people want to knowingly commit an act that is likely to send them (the legal home owner) to the slammer. In this state of California, it’s very likely to happen that way.
The repo man won’t be so understanding.
All this free stuff, sigh. We should all walk into a bank and demand the till. Car lots should leave the keys in the cars. Stores should leave their doors unlocked all night. Everything should be free, free, free.
Arson is probably the best solution. In a lawless society, you have to protect your own.
This is why I don’t live in California and don’t plan to ever move from my current home until it is to an elderly care facility - probably against my will.
That caught my eye too. Seems like it would expand the pool of risky clients.
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