All Forum Posts by: John Clark

"if you expect that your tenants continue to pay rent even while they are enduring a financial hardship that makes you a hypocrite if you then decide to not pay your mortgage just because banks are offering this to you right now (unless you are having financial hardships outside your investment properties such as job loss/hours cut back/reduced pay."

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I'm not sure that even "outside" financial hardship saves one from being a hypocrite. The whole concept of investment is balancing risk versus return. If one's ability to carry an investment depended on an "outside" job or other income to pay "other" bills, then that job or other income is not "outside" the investment. So those who try to justify sticking it to tenants while seeking forbearance themselves are hypocritical.

I am so glad that you will boycott Cheesecake Factory like every other decent, right-thinking, American!

Given the Coronavirus situation and the calls for rent control and all. that, I don't see how you can do anything but continue to educate yourself -- as many here have suggested -- and wait until you see blood in the water with the people who leveraged without sufficient reserves. THEN buy.

"Thanks, John. Why do these State Senators waste time proposing legislation that's unconstitutional?"

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Pure grandstanding and pandering. Plain and simple.

"Directly from the proposed Bill:

Section 1(a) states: "Such residential tenant or small business commercial tenant shall not and shall never be required to pay any rent waived during such time period."

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Don't worry about it. Constitution (applies to the States through the 14th Amendment) forbids impairing lawful contracts.

State can make it onorous (sp) to get your money, but it cannot abrogate the accrual of rent or the right to (eventually) get it unless  barred by bankruptcy  

"We're here for perspective on how to handle this situation, not your bickering."

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As for handling the situation, everyone will have to come to their own conclusions Tim. I can give you a hint though, selectively and arbitrarily labeling tenants as thieves isn't handling the situation.

"John, again... you are arguing with yourself and getting all flustered; no one has said that. I think you need to take sometime and just go back and re-read posts.."

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No one has said what, Heather? You called non-paying tenants shoplifters (thieves) in your very first post in this thread. I'm not flustered at all. You're the one evading calling nonpaying corporate tenants shoplifters (thieves). Why is that?