Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
Being a landlord or real estate investor is tough. Not everyone is going to see things the same way you do. Things like evictions or rent increases are very sensitive subjects. Many people in our society want to vilify landlords for doing their jobs.
Have you considered this as you begin or continue to grow your investment portfolio?
Below is a recent comment someone sent me on YouTube. Admittedly I operate in the public eye a lot more than your typical landlord or real estate investor so I'll receive a higher amount of this type of stuff then most but most if not all landlords or investors are going to face this type of stuff everyday. If they build a high profile business like I have it can get extreme like the comment you see below.
What are your thoughts on how society views landlords or real estate investors?
Have you experienced any hate like this because you choose to invest or manage real estate?
Rental Property Investor · Clarkston, GA · Member since 2012 · 2k+ posts · 1k+ votes
8y
Hi poster and readers, there is a way to largely (not entirely -- life happens even to great tenenats) avoid the above problems. It starts by running an INTENTIONAL business, not one by accident. IE you buy willy nilly chasing cheap houses and then try to filter out the best tenant who ever applies and often this process ends up with most of your rentls with problem tenants. IE a constant problem to YOU.
To start your change in business tactics then build a strategy; read my file I uploaded off my profile, 1st paragraph at the end: How To Buy A Bullet Proof Rental Portfolio. I give this talk to new folks around my area and REIA. Which I strongly suggeest you join all your local REIAs, rub shoulders with local landlords who can help you with what areas better tenants want to live in. Read my paper.
I have never said I'm just the manager, I'm always the owner, the guy who gets stuff done and its me who fixes stuff, takes your rent, nags you when your rent is late. Landlording is a people business, I suggest you practice learning to be personable, be caring, be helpful. You will find that tenants will have a positive view of you, even when they run into trouble and you tell them you don't want to, you have to file eviction, I almost always get,,, "ya I know, I wish this wasn't happening, but I understand...". Then miraculously most folks find a better job, find the money and get on an arears repayment plan with us.
Sure bad stories abound and you to can have them. Please PLEASE study the info I offer above and improve your business. Add some if not ALL of the business rules I offer. If you do I have to believe you will start having a better time managing your own rentals.
Best of luck! But luck starts with hard work and improvement...
Investor · Kitchener-Waterloo, Ontario · Member since 2008 · 1k+ posts · 1k+ votes
8y
@James Wise The youtube comment section isn't exactly the common opinion of the world at large. Youtube commentators say that kind of thing to people who mess up their favorite video game. Comments like this just mean you've achieved a small measure of success online.
Real Estate Agent · Grand Rapids, MI · Member since 2016 · 23 posts · 11 votes
8y
@James I have found that by providing a high quality product and keeping lines of communication open with tenants and neighbors in the neighborhoods where we own rentals has eliminated any negativity around our rental business. We often have neighbors ask us if we have more properties because we just try to be friendly and fair and our tenants seem to appreciate our open communication and simple processes as well!
As far as negativity from anywhere else, bring it! Anyone else's opinions on my business are either stemmed in jealousy of our success or because they have a lack of understanding. It is not my job to explain myself to anyone because I know I am providing quality housing to my neighborhood and it is not my job to educate people not involved in the industry. I hope people keep hating because that will keep them out of the competition.
Investor · Washington, DC · Member since 2017 · 198 posts · 323 votes
8y
An interesting observation from a local meet up I attended recently, was that not one person introduced themselves as a "landlord", rather everyone that was a landlord was a "buy and hold real estate investor", the term land lord does sound a little holier than thou since you would be claiming you are the "lord of the land" which admittedly does sound a little pompous.
Investor · Post Falls, ID · Member since 2016 · 606 posts · 699 votes
8y
I keep a low profile in general in matters of wealth. Worse than hate for me, are the envious, passive-aggressive comments from church members. This will occasionally come up if a church member has a family member without a place to live. This usually comes up in the context of "please pray for me-- my deadbeat brother has been living on my couch for 3 months -- he can't find a job". One pesky little church lady will pipe up "maybe he can rent one of Bettina's apartments?' and everyone turns to me expectantly. My reply is always "sorry, I'm full!" -- as though I want a deadbeat whose own family can't stand!
I have also told acquaintances who are looking for housing for a family member, that federal Fair Housing requires that I treat everyone the same in terms of application, screening and qualifications. That shuts them up, as they realize their deadbeat relative would not qualify.
My friends understand that my LLing is my retirement income, and would never try to foist a deadbeat relative off on me.
Lender · Newark, NJ · Member since 2016 · 695 posts · 252 votes
8y
Don't pay any mind to their negativity. Misery looks company and that's all they try to find. People love trying to bring people down when someone is in a better position than them. Ignore the hate and keep striving.
That’s a harsh one, I’m sorry to see someone stoop to that level. My experience is in professional property management, at A+/luxury caliber apartment buildings where expectations are high. I find that it’s a pretty thankless job overall. Most tenants are good, but the critics are always the loudest. I think the view on landlords or managers can quickly shift based on the situation, particularly - as you mentioned - evictions and rent increased, or if we don’t bend the rules as much as one might like.
I’ve been called all sorts on names. If we're sharing public comments, here's a Yelp review about me. Not quite as harsh, but comes from a similar place. (Context: I wouldn't let him break his lease on his terms and then had to take him to court for holding over.)
On the other hand, the tenant in my personal duplex is as thankful and pleasant as could be. The positive engagements and compliments, as rare as they may be, are what keep me going in this business.
Lol that dudes comment is pretty hilarious. He must really hate you. Hahaha. I'll screen grab some more screenshots later I am sure I've got several similar to that one out there.
As for the compliments or lack thereof you don't need compliments to keep you going. This is definitely not a feel good industry so they will he few and far between. Focus on your goals. Building something worthwhile is much more rewarding than compliments.
I said i'd drop a few more screenshots from my "fans" online. Here is a cool little thread on Reddit. I am known to some as a "Douchnozzle" lol.
Rental Property Investor · Member since 2018 · 9 posts · 4 votes
8y
@James Wise I’ve seen friends comment on local rental ads about how greedy the landlords are and how unfair it is for them to charge what they do. We have a very mixed market for our small community, there are people with very low incomes and then we have beautiful lakes that attract people with really high incomes. People feel that it’s unfair that a little tiny house on the lake can charge as much as it does When there are so many people in need of affordable housing. But landlords don’t have any trouble getting the rent they want.
@James Wise I’ve seen friends comment on local rental ads about how greedy the landlords are and how unfair it is for them to charge what they do. We have a very mixed market for our small community, there are people with very low incomes and then we have beautiful lakes that attract people with really high incomes. People feel that it’s unfair that a little tiny house on the lake can charge as much as it does When there are so many people in need of affordable housing. But landlords don’t have any trouble getting the rent they want.
You hit on what my comment was going to be.
Buy and rent in "A" neighborhoods (higher income) and avoid many of the problems found in low income areas.
Rental Property Investor · Fitchburg, WI · Member since 2016 · 91 posts · 60 votes
8y
@James Wise I was called a slun lord THE DAY AFTER I purchased my property. In the end, I will be financially free to live my life to the fullest, and they'll still be at the office.
I will take all the energy I can get, the positive and negative both will fuel me forward. No haters can stop me!
I had an 85 year old woman try to physically assualt me when I showed up to put stakes in the driveway to keep her moving truck from running over the septic tank and line, which was a legitimate concern because they had driven over it when moving her in. I just kept backing up until she got tired of coming at me with her hands raised. She was always exploiting her age for her benefit, because that ***** knew that she could hit me and likely nothing would happen to her but if I hit her guaranteed trouble for me.
She was a piece of work, nut case from start to finish. So no, I was totally unprepared for the hate. She was my first and last long term lease, and I use that loosely because I had her out a little over a year later because she was absolutely not worth the aggravation. My life is too short for that crap. I am going to turn the house into a vacation rental, if someone is pill at least they are gone in a week.
Rental Property Investor · Toronto, ON · Member since 2017 · 61 posts · 16 votes
8y
Wow!! I can understand how disturbing that must have been. I have been through some bad tenants but nothing so extreme and the experience taught me to keep out my emotions. Reminding yourself the end game helps big time. Either ways, you dont want such tenants. I wish it was easier to fire bad tenants in Ontario :-)
Besides the verbal abuses, a landlord has a choice on other hardships as well. Hire someone or do it yourself. Trade money for work or keep the little cash flow.
Last week, i was clearing out an overgrown bush in a rental property. Besides dealing with thorns, I stepped on dog waste left behind by their pet. The smell was overwhelming and so I left the place. Suddenly, i couldnt take it anymore but what keeps me going is the end game.
For me, the most fun part of REI is finding a deal and then closing on it. The worst part is land lording. Not everyone is cut out to be a happy landlord. Most are reluctant landlords (like me) but then I guess that's better than the absentee landlord :-)
Keep up your spirits and surround yourself with positive people because another the rent day is around the corner and you get to smile on your way to the bank.
Investor · Austin, TX · Member since 2014 · 248 posts · 181 votes
8y
The idiot who wrote those profane comments said more about his own character that about yours. I own property in low-income areas and have many sec 8 tenants. Most of them are nice people who are glad to have a clean well-maintained place to live. I treat them with respect and most of them treat me in kind. Some people are low-lifes. Neither you nor I can control that. If we have worked hard to develop our rental portfolio, good for us. Personally, I owe apologies to nobody. I don't make my problems my tenant's problems and tell them not to make theirs, mine. Ie . I don't want to hear that sad stories. I run a legitimate business. I do not run a charity.
Investor and CPA · Arvada, CO · Member since 2015 · 2k+ posts · 3k+ votes
8y
Hah! Yes! Like the few days when one of my tenants came here on BP and started posting comments on many of my postings. She stayed up all night with various people here on BP, arguing that I was possibly the world's crappiest person. When she couldn't get any takers, her postings and messages just got more and more weird as the night went on.
Admins finally blocked her and removed her posts, but I got to see them later when she tried to admit them as evidence in the Discrimination case she later filed against me.
Investor · Richmond, VA · Member since 2016 · 1k+ posts · 2k+ votes
8y
Tenants hate landlords when they break rules, and are punished for their mistakes. We currently have one now I'm sure is saying the worst things about us, because we blatantly caught her smoking in a non-smoking place. You know who else I think hates us-- the people we evicted for squatting in a home. People who know they are guilty lash out with hate.
If you're a good landlord, I think most people are neutral-- I don't like you, I don't dislike you, and as long as you fix things then I'm okay with it.
I will say for any new landlord... they aren't your friends, don't get emotionally involved.. simple as that.
Rental Property Investor · Jacksonville, FL · Member since 2008 · 784 posts · 528 votes
8y
@James Wise Anyone can go online at Google and rip any company for any reason. Our society has become very sensitive to their time, since they are the "Right Now" society. Make them wait 5 minutes in a line, they rip you a new one on social media. My wife is a top agent in Jacksonville, sells homes at top dollar for her clients, but some people have such low regard to the people who help them the most.
With every bad review, I tell people to get 10 good ones. They can get good ones from other clients. Real Estate does not always bring out the best in people. I tell people that Landlords have the BEST stories, and we do.
Real Estate Broker · IL · Member since 2016 · 284 posts · 178 votes
8y
I’m a police officer so I have the pleasure of hearing things like that almost daily. I’ve had people threaten to rape my family in front of me etc....you just have to over look it and move on in my opinion. One person I dealt with busted out one of my car windows and dumped gas all over my car next to the police department. Crazy people! The problem is no one wants to take responsibility for their mishaps. It’s always someone else’s fault. Majority of people are good people based off my experience though. You definitely can’t let these people get to you.
Investor · Northwest, PA · Member since 2013 · 107 posts · 24 votes
8y
@James Wise wow...thats crazy! I'm pretty sure 80% of my tenants view me as an *******. Not sure why and not sure that I care. Its a business I run...It puts food on the table for my family.
Hah! Yes! Like the few days when one of my tenants came here on BP and started posting comments on many of my postings. She stayed up all night with various people here on BP, arguing that I was possibly the world's crappiest person. When she couldn't get any takers, her postings and messages just got more and more weird as the night went on.
Admins finally blocked her and removed her posts, but I got to see them later when she tried to admit them as evidence in the Discrimination case she later filed against me.
Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
8y
First off James. I'm super sorry that they said those things as well as some of the others that I've seen about you guys.
I do think it's a little bit like the pot calling the Kettle black when you run #tenantsfromhell, talk about garnishing their food stamps, and call them (wordbpwouldn'tapproveof) savages.
Don't get me wrong I get the venting. We just had a $57,000 flood by a resident we had to evict. I just don't think you can be super surprised when they vent back.
Hah! Yes! Like the few days when one of my tenants came here on BP and started posting comments on many of my postings. She stayed up all night with various people here on BP, arguing that I was possibly the world's crappiest person. When she couldn't get any takers, her postings and messages just got more and more weird as the night went on.
Admins finally blocked her and removed her posts, but I got to see them later when she tried to admit them as evidence in the Discrimination case she later filed against me.
I remember that! Last year, right?
yes - May 2017 (although that is not when my issues with them started). Finally closed everything out with the courts and the Colorado Civil Rights Division in April 2018.
First off James. I'm super sorry that they said those things as well as some of the others that I've seen about you guys.
I do think it's a little bit like the pot calling the Kettle black when you run #tenantsfromhell, talk about garnishing their food stamps, and call them (wordbpwouldn'tapproveof) savages.
Don't get me wrong I get the venting. We just had a $57,000 flood by a resident we had to evict. I just don't think you can be super surprised when they vent back.
Ahahha cool post. Glad you follow me. Thing is you may have missed the point of this thread. I never said I was surprised by the comments nor did I say they upset me. Quite the opposite actually. I get a kick out of most of it and let's be real some of this stuff is too funny not to share. What I am looking for here though are your experiences. Three questions from the original post are as follows.
Have you considered this as you begin or continue to grow your investment portfolio?
What are your thoughts on how society views landlords or real estate investors?
Have you experienced any hate like this because you choose to invest or manage real estate?