Bonny
Junior Associate
Joined: Nov 17, 2013 10:54:37 GMT -5
Posts: 7,434
Location: No Place Like Home!
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Post by Bonny on Aug 6, 2020 10:19:40 GMT -5
I had an interesting conversation with one of my neighbors that has over 100 properties. Since MN put the eviction ban in place all his tenants that were not great at paying before have just quit entirely. Hearing his stories just cements my belief that I would be a sucky landlord. My blood was just boiling hearing some of that stuff.
And now they have extended the ban "until the end of the pandemic" WTF? That could be a loooong time.
People that are not "great" at paying rent are usually judgment proof - meaning their credit is trashed anyways, so they have little to lose by not paying rent. They are just forcing landlords to shoulder a loss many can not afford. They should be providing $$ to landlords to cover the unpaid rent then. My in-laws made the mistake of letting two of my BIL's live in their duplex. Their are two units. BIL J and his adult daughter with a 3 year old live in one, and another BIL T lives in the other. T has not paid rent in about a year. Last year, the utilities were cut off, so DH put them in his name and has been paying them. MIL told me the other day that BIL J only pays a 1/3 of the water bill. WTF, there are only two units. DH told brother J that he and his daughter can live in our rental - which DH has been taking his sweet time getting ready. It has been vacant again for about 2 years b/c DH has to do everything himself. MIL was telling me yesterday we should just sell ours. DH mentioned maybe we should sell ours and buy MIL's. There are issues with either scenario - but maybe we should. MIL says J's dd is a problem. MIL does not like her at all (BIL and his DD lived with MIL when the daughter was a teen). Anyways J will pay the rent. DH told him he has to put all the utilities in his name if he rents from us, but maybe we should sell ours b/c it is all fixed up. The one issue is that DH filled in some windows without a permit, and built an extra bedroom in the lower. I just am not sure DH can really get his deadbeat brother T out of the lower in MIL's duplex- DH says he is just going to throw him out, he doesn't care what the law says. So making your in-laws problem yours? You know this is going to be a disaster, right?
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CCL
Junior Associate
Joined: Jan 4, 2011 19:34:47 GMT -5
Posts: 7,571
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Post by CCL on Aug 6, 2020 18:49:00 GMT -5
I'm just glad I never got into the landlord business.
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gs11rmb
Senior Member
Joined: Dec 21, 2010 12:43:39 GMT -5
Posts: 3,298
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Post by gs11rmb on Aug 6, 2020 19:18:06 GMT -5
bean29 - that's a REALLY bad idea.
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NomoreDramaQ1015
Community Leader
Joined: Dec 20, 2010 14:26:32 GMT -5
Posts: 47,119
Member is Online
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Post by NomoreDramaQ1015 on Aug 6, 2020 21:56:45 GMT -5
I had an interesting conversation with one of my neighbors that has over 100 properties. Since MN put the eviction ban in place all his tenants that were not great at paying before have just quit entirely. Hearing his stories just cements my belief that I would be a sucky landlord. My blood was just boiling hearing some of that stuff.
And now they have extended the ban "until the end of the pandemic" WTF? That could be a loooong time.
People that are not "great" at paying rent are usually judgment proof - meaning their credit is trashed anyways, so they have little to lose by not paying rent. They are just forcing landlords to shoulder a loss many can not afford. They should be providing $$ to landlords to cover the unpaid rent then. My in-laws made the mistake of letting two of my BIL's live in their duplex. Their are two units. BIL J and his adult daughter with a 3 year old live in one, and another BIL T lives in the other. T has not paid rent in about a year. Last year, the utilities were cut off, so DH put them in his name and has been paying them. MIL told me the other day that BIL J only pays a 1/3 of the water bill. WTF, there are only two units. DH told brother J that he and his daughter can live in our rental - which DH has been taking his sweet time getting ready. It has been vacant again for about 2 years b/c DH has to do everything himself. MIL was telling me yesterday we should just sell ours. DH mentioned maybe we should sell ours and buy MIL's. There are issues with either scenario - but maybe we should. MIL says J's dd is a problem. MIL does not like her at all (BIL and his DD lived with MIL when the daughter was a teen). Anyways J will pay the rent. DH told him he has to put all the utilities in his name if he rents from us, but maybe we should sell ours b/c it is all fixed up. The one issue is that DH filled in some windows without a permit, and built an extra bedroom in the lower. I just am not sure DH can really get his deadbeat brother T out of the lower in MIL's duplex- DH says he is just going to throw him out, he doesn't care what the law says. Sell sell sell! JFC why on earth would you or your DH want to take on your BIL given you have a front row seat to his current rental history. What on earth makes your DH think he would treat your house any different than his own mother's duplex?
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