Originally posted by @Eric Weldon-Schilling:Originally posted by @James Wise:Originally posted by @Cameron H. Forbis:
in your opinion and it's gotten worse these days...
No. For some people maybe.
but honestly there are a number of reasons so many people have a disdain for landlords. And yes. It is a very large amount of people. Even if you have a good relationship with your tenant they will always resent or hate you.
here is why, from a renters perspective:
1. We know that we are either paying your mortgage or just adding to your bank account. we get no benefits from this aside from “not having to pay taxes, etc.”. But most of us have done the math and know we’d be paying less if we could buy.
2. you keep homes that you don’t need and prevent them from being available for people to buy. You drive up the prices by buying up a bunch of properties this making the already less than adequate supply even scarcer.
- To most people, their home is incredibly important and meaningful. It’s where one feels safe. Where one can rest and enjoy time with friends and family . Where one sleeps and keeps all their possessions. People want that to be stable. But it isn’t. Renters know they could be forced to leave for breaking any rules that someone imposes.
- The rules and guidelines about what people can and cannot do. The amount of control a landlord exerts over someone’s life is stifling. “No pets no hanging pictures on the wall no painting, you have to let me in if I give you 24 hours notice or else. I have to keep a key to your door so I can let myself in when I ‘need’ to.” Constant reminders that a persons home isn’t really their home
- Rents continue to go up but wages have not. So most of us are paying 30% of our salary to pay someone else’s mortgage and build them equity. It’s the biggest expense most people have and it’s getting ridiculous how much the prices are going up.
- We know that if we ever have an emergency or a crisis and are late with one rent payment they you’ll most likely evict at the first opportunity. Frequently it’s a temporary issue and the person would have needed only a couple of weeks to make it up, but then the late fees start piling up. And then you won’t take payments unless it’s the full amount of the rent and your late fees. Then some of you charge for putting notices in the door or for filing with the court. A person who is two weeks late can end up evicted not for the one month rent $800(hypothetical number). They had that $800. But you charged a $100 late fee on the fourth and $25 per day after that. You filed for eviction on the 10th. Wouldn’t take payment or make arrangements. Court is on the 3rd of the next month. Now the tenant owes $2450. For two months. They lose their home and end up scrambling to find somewhere to live or end up homeless. Having no safe and stable place to live often leads to job loss a deeper descent into poverty and despair.
- The last year has been hard on a lot of people. Millions have lost jobs and income and are struggling. The entire time all most of you have done is complain about not being able to throw people out and put them at risk of serious illness or death. You complained about there being no money for landlords and then when the programs started to come out you refuse to accept the aid
- Having to give a stranger all your private and personal information and basically beg them to allow you the privilege of not being homeless. Knowing they can charge you for background check and deny you for any reason. And still keep your money
- You obviously were either lucky or rich enough to be able to buy extra property you have no intention to live in. Or you overleverage yourselves by taking on additional mortgages that you need someone else to pay. A mortgage generally has a grace period of 15 days before charging a late fee. It takes about 6-9 months before they start to move to forceclose. But if a renter is late by one day, late fees and threats of homelessness.
There are so so many others but my hands are getting tired
You might try acquainting yourself with 'logic' and 'reasoning' because this is all preposterous. It is incredibly naive, full of extreme generalizations, and fails numerous basic principles of analysis. The fallacies are overwhelming - look up Logical Fallacies with your google and learn a bit about 'thinking'. If YOU feel that way, good for you - sounds really fun (not). Your basic thesis is, "Tenants are punished by society because the way it is structured is against our principles" - great. Even if ones ideals for utopian paradise are brilliant, one still lives in the here and now. No one is responsible for your happiness or how you perceive things but you.
In the current reality in which we all live, its a 2 way street - there are joker moron tenants and joker moron landlords too - it only takes one to make a bad situation where both are sorry. It seems you have a need to go on a property investing forum and continually gripe about how bad it is for you by measuring it against utopia. Why?
One can work to achieve said utopia, accept current conditions and take responsibility for your own happiness, or you can just gripe about stuff. Ouch.
Just out of curiosity, Eric, I have three questions.
1. Do you have any tattoos?
2. What kind of car do you drive?
3. What did you spend your three stimulus checks on?
My own answers are:
2. I don't have a personal vehicle. My wife drives the car we use: a Toyota RAV4 2015.
3. Nothing. I will be using them and other funds to close on a cash-bought house in a few days.
Originally posted by @Eric Weldon-Schilling:
1. Do you have any tattoos?
1. I do not. Why on earth do you ask?
Because a disturbing number of my tenants spent their stimulus money on tattoos and big-screen TVs. Sending you a message...
@Cameron H. Forbis because people hate rich people in general.
The usual notion is that landlords Don’t care about tenants. To them I say, check out the landlording forums on BP :)
@Account Closed You made an interesting comment: "...most people think profiting off of a basic necessity is immoral..." which raises so many questions! The first is the assumption that "most people". But I'll limit it to 3:
1. Why do you think profit is bad? It is inextricably tied to my contribution to society. If I bring value, I get compensated. The greater the contribution, or value I bring to society, the greater the compensation.
As a housing provider I provide a desirable product to individuals who agree to mutually beneficial terms - nothing immoral. We certainly haven't required the grocer to give away his product with no compensation (which I would think is an even MORE fundamental need than housing!)
2. How far are you willing to go in defining a 'basic necessity", and more importantly, its provision. Our system was designed to give everyone the right to pursue... but not necessarily the outcome of an equal share. I believe your "right" ends when it puts a "demand" on me. It becomes a form of slavery if I am required to fulfill your 'right' without just compensation (profit).
3. Finally, how do you define "immoral" and what do you use to measure it by? Is it a moving target defined by the mood of a segment of society at a given time, or is there something more fundamental and unchanging that we should measure it by?
While I fully sympathize with the plight of many (and have given much time and money to assist those in need -both home and abroad), I have to respectfully disagree with your assessment of this issue. And that is why there is disdain by some toward their landlords. They have been led to believe its "us vs them" instead of 2 parties agreeing on mutually beneficial terms to meet their individual needs and desires.