All Forum Posts by: Michael Rossi

I've sadly come to the conclusion that our country is done, over, kaput! I finally came to this conclusion over the weekend as we were circulating petitions to put a Constitutional Amendment on the November ballot in Ohio to stop Obamacare. As you know, I live in Ohio and in a somewhat rural area. This should be prime territory for conservatives. I was SHOCKED at the number of people that wanted Obamacare and many of these people should have known better. I heard comments like "now my son will have free insurance". It was absolutely apparent that these people think that Obamacare is free and comes from Obama's magical stash. They are too STUPID to understand that someone must pay for this stuff and there are a LOT of these people.

Therefore, I'm sorry to report that the USA as we've know it is OVER!

LT,

It's not a dumb question. Insurance is confusing.

I have all my insurance under one policy. My landlord policy covers liability, lost rents, fire, etc. I do not have an umbrella policy and umbrella policies will normally only cover a few rentals.

I'd send the "humanitarians" a message - WITH A TORPEDO!

I agree Eddie, it is insulting, condescending, and pathetic that tenants are sooooooo stupid! However, that is EXACTLY what the socialist government has been promoting FOR DECADES! The socialists have dumbed down the lower class and some minority groups to the point that they largely can't function as adults. Sorry if it isn't politically correct to tell the truth, but don't blame the messenger! The TRUTH is that the taxpayer is paying these people to be STUPID! We literally pay them to sit home on their butts all day and watch Judge Judy on their big screen tv. Is it any wonder that they're too stupid to operate a closet door?

p.s. I like your suggestion about removing door knobs - they are often too complicated for tenants also. Unfortunately, I think that we MUST provide door knobs - at least on the front and back door. Otherwise, how will the low-lifes keep the police out?

I think it's fine for a low income rental. Not only do I remove all diswashers, but I also remove garbage disposals, closet doors, ceiling fans, and just about everything else that is too complicated for tenants to operate.

Steve - Shhhhhh! MikeHO is my secret pirate name. Eddie just can't keep a secret.

I DO! Furthermore, I think the ONLY conclusion that can be drawn logically is that the government is INTENTIONALLY trying to cause a collapse. Obviously, borrowing huge sums of money and adding TRILLIONS of dollars of entitlements when you have a debt crisis is either being done intentionally to cause the system to collapse or is total INSANITY! I don't believe that The Chosen One is insane - not for a moment.

I have my rental property business here in the USA because I live here and I need money to live on. It's hard to manage rentals in a different country. Furthermore, most of the "developed" world is in terrible financial shape just like the USA. Would you invest in socialist Greece? Portugal? France? Spain? Italy? Ireland? England? I wouldn't (unless I lived there).

Are you disputing that the USA is in terrible financial shape? If so, what part of my original post are you disputing? Do you actually believe that the USA is in recovery? If so, I've got a bridge to sell you!

That's obvious!

There is ABSOLUTELY NO DIFFERENCE between Section 8 tenants and other tenants. I put all my Section 8 tenants on month-to-month leases. I can get rid of them with a 30 day notice and yet the Housing Authority makes them stay a year (or terminates their voucher). Win-win (for me). Even if you sign the lease for a year with the tenant, you can get rid of them for all the normal reasons and following the legal procedures in your state.

I have a lot of Section 8 rentals and a lot of non-Section 8 rentals. It's all pretty much the same.

Mike

The inspection is a nuisance, but no big deal if you maintain your property.

I would sell the property ASAP! Things are going to get worse - A LOT WORSE! There are literally millions of foreclosed homes that the banks are holding off the market. Foreclosures are going to explode in 2011. The housing bailout is just about to end. There is a HUGE inventory of houses that will have to hit the market at some time and will drive prices much lower.

None of these things even considers the macro economic picture. THE USA IS BROKE! The debt is 91% of GDP and RAPIDLY rising. The government's solution to this debt crisis is to borrow (print) more money by the boat load. Medicare is broke (even before the Socialist in Chief takes $500 Billion out of it to pay for socialized healthcare). Social security is broke. Freddie and Fannie are broke. Many states are broke. Many cities are broke. The government has essentially nationalized the big banks, the auto industry, big insurance, healthcare, student loans, etc, etc, etc. The country is literally insolvent and failing. If you've got a loser - NOW is the time to sell it.