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Author Topic: Someone I work with has six rental houses.  (Read 1651 times)

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Offline MrsSmith

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Someone I work with has six rental houses.
« on: February 06, 2009, 09:30:13 AM »
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onehandle (1000+ posts)      Fri Feb-06-09 09:24 AM
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Someone I work with has six rental houses.
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All have lost significant value.

All have renters who have lost their jobs and are late on rent.

There was one time when I would have been impressed with someone owning six rental houses.

And the Bush Depression marches on...

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MadHound (1000+ posts)      Fri Feb-06-09 09:35 AM
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2. Couldn't pay me enough to be a landlord, especially in these times
 When my father died by sister and I were left with a couple of rental houses that he had. Since we had to live up to the contract I was doing the landlord thing for nearly a year. It was a royal pain, especially evicting one renter who was months and months behind on rent.

Never again. The only property I want to worry about is my own. 

=============================


 
 CoffeeCat  (1000+ posts)        Fri Feb-06-09 09:39 AM
Response to Original message
3. I know a couple of people who own...
 ...rental properties as well.

They were flying high a decade ago. The money poured in.

Both of these people are writing off losses on these properties--because the renters lost their jobs
and broke the contract---and they can't get other renters.

These are nice properties. Condos that have reasonably priced rent.

To top it off, the owner of these properties just lost his job at Wells Fargo.

So...there ya go.


Wow, who'd have thunk...income that comes with work, and with risk.   :o :o :o      ::)

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Uben  (1000+ posts)        Fri Feb-06-09 09:58 AM
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6. If it weren't for landlords....
 ....where would people who cannot afford a house live? Forgot about that, huh?

I own two rent houses and 158 apartments. All have been paid for for years. I make a nice living off of providing nice housing for those who either choose to or cannot afford to own a home. Yes, it's a hassle, but like I said, I make a nice living. Owning rental properties is not for everyone. If you want a landlord to be compassionate, pay your rent. Can't pay your rent? What's the alternative? Sorry, you are not going to sponge off of me. I will evict you in a heartbeat! You entered into a contract to pay on time...every time. If I bought a house from you and quit making payments after three months, would you let me keep it? Hell no!

There are no free rides. Work, pay taxes, die. If you want to try to scam people out of their money......go to prison. That is the biggest free ride our government offers. A roof over your head, three squares, and free tv. And, we all pay for it!

OUCH!!  I bet that left a mark!!   :lmao:
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Offline Toastedturningtidelegs

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Re: Someone I work with has six rental houses.
« Reply #1 on: February 06, 2009, 09:34:38 AM »
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Uben  (1000+ posts)        Fri Feb-06-09 09:58 AM
Response to Original message
6. If it weren't for landlords....
 ....where would people who cannot afford a house live? Forgot about that, huh?

I own two rent houses and 158 apartments. All have been paid for for years. I make a nice living off of providing nice housing for those who either choose to or cannot afford to own a home. Yes, it's a hassle, but like I said, I make a nice living. Owning rental properties is not for everyone. If you want a landlord to be compassionate, pay your rent. Can't pay your rent? What's the alternative? Sorry, you are not going to sponge off of me. I will evict you in a heartbeat! You entered into a contract to pay on time...every time. If I bought a house from you and quit making payments after three months, would you let me keep it? Hell no!

There are no free rides. Work, pay taxes, die. If you want to try to scam people out of their money......go to prison. That is the biggest free ride our government offers. A roof over your head, three squares, and free tv. And, we all pay for it!

ALERT! ALERT! ALERT! KILL THE FREEPER! :-)
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Offline debk

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Re: Someone I work with has six rental houses.
« Reply #2 on: February 06, 2009, 09:50:16 AM »
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Uben  (1000+ posts)        Fri Feb-06-09 09:58 AM
Response to Original message
6. If it weren't for landlords....
 ....where would people who cannot afford a house live? Forgot about that, huh?

I own two rent houses and 158 apartments. All have been paid for for years. I make a nice living off of providing nice housing for those who either choose to or cannot afford to own a home. Yes, it's a hassle, but like I said, I make a nice living. Owning rental properties is not for everyone. If you want a landlord to be compassionate, pay your rent. Can't pay your rent? What's the alternative? Sorry, you are not going to sponge off of me. I will evict you in a heartbeat! You entered into a contract to pay on time...every time. If I bought a house from you and quit making payments after three months, would you let me keep it? Hell no!

There are no free rides. Work, pay taxes, die. If you want to try to scam people out of their money......go to prison. That is the biggest free ride our government offers. A roof over your head, three squares, and free tv. And, we all pay for it!




This person has to be an imposter....couldn't be a Dummie.....he insists on his renters paying their rent.....ohhhhhh, the horror!..... :o :o :o :o



 :lmao:
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Offline Wineslob

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Re: Someone I work with has six rental houses.
« Reply #3 on: February 06, 2009, 09:57:23 AM »
Quote from: MrsSmith on February 06, 2009, 09:30:13 AM


Wow, who'd have thunk...income that comes with work, and with risk.   :o :o :o      ::)

OUCH!!  I bet that left a mark!!   :lmao:



More like a big, fat, black eye.   Gotta love it.
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Offline Chris_

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Re: Someone I work with has six rental houses.
« Reply #4 on: February 06, 2009, 09:58:34 AM »
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onehandle (1000+ posts)      Fri Feb-06-09 09:24 AM
Original message
 
Someone I work with for has six rental houses.
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All have lost significant value. Stop stealing the copper from 'em all, and their values wouldn't go down, eh?

All have renters who have lost their jobs and are late on rent.

There was one time when I would have been impressed with someone owning six rental houses.  But now you know that he's gonna get taken down a notch or six by Da Messiah, and you can't wait to see that oppressive bourgeoisie bastard take it in the shorts, can you?

And the Bush 00000000bama/Pelosi/Reid/Rangel/Dodd/Shumer/Kennedy/Kerry Depression marches on...

Edited to anchor back into reality.
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Offline Karin

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Re: Someone I work with has six rental houses.
« Reply #5 on: February 06, 2009, 10:09:14 AM »
I wonder if anybody came back on Uben after he whomped 'em one.  I'm a landlady myself, and I applaud his words.  I haven't had any nightmares yet that you sometimes hear about (squatters, etc.).  But we were very picky about who we'd accept.  We live there, too, and the house is on the National Registry.  Nobody's going to trash an historic relic on my watch.  

We're not naive, but we sure were shocked by the number of single mothers.  It's like the norm, now.  
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Offline jukin

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Re: Someone I work with has six rental houses.
« Reply #6 on: February 06, 2009, 10:59:18 AM »
Where was the beginning "SO"?  This one goes into near earth orbit.

I bet one could get them some gubmint pokulus grants to study bouncy types and psychological disorder types.
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