Domain: tiger-web1.srvr.media3.us Being a Landlord | Page 3 | Money Talk
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re: Being a Landlord

Posted on 8/2/22 at 8:31 pm to
Posted by trident
Member since Jul 2007
4845 posts
Posted on 8/2/22 at 8:31 pm to
quote:

Aribnb or vrbo


St Tammany doesn’t allow that
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 8/2/22 at 9:43 pm to
quote:

As others have said...you got to be a flat out jerk. No excuses...get your money


I agree with the overall sentiment of your post. I really do. I just pulled this part out because since I’ve been here, I’ve seen quite a few people express it that way: “being a jerk”.

Now, there are most certainly some gen-U-wine a-hole landlords. But is the mortgage company being a jerk by sending you a default notice if you stop paying your mortgage? No, they’re running a business. And when a landlord sends pay or quit notices or has to evict because of nonpayment or property damage, it’s no different. He’s running a business.

But just as many businesses do in certain situations, there’s nothing wrong with attempting to resolve an issue, where possible. But when I hear the people on here get on a rental property owner for evicting someone (“don’t be a dick, man! give ‘em a break!), it sorta gives me flashbacks and sets me off a little. None of that is pointed at your post though. I know what you meant.

Posted by profboo
LA
Member since Sep 2007
362 posts
Posted on 8/2/22 at 10:10 pm to
I started out the same way. 1st house I bought I rented bedrooms to friends. Bought a smaller house for myself & kept renting. Now I own 46 rentals. I love section 8 also. If you have to evict a tenant they run the chance of losing their voucher which is extremely hard to get. Like others have said…..lay the law down early, do regular inspections, & don’t fall for sob stories.
Posted by Dawgfanman
Member since Jun 2015
26079 posts
Posted on 8/3/22 at 6:08 am to
quote:

Keep utilities in your name and tack those charges onto the monthly note. That way if the tenant doesn’t pay rent you kill all utilities to the property immediately. See how long they enjoy no water and power for.


This is illegal
Posted by Tomatocantender
Boot
Member since Jun 2021
5585 posts
Posted on 8/3/22 at 7:44 am to
quote:

This is illegal


Exactly and possible criminal if the tenant can show they had prescriptions that needed refrigeration or some other medical/disability requiring utilities and said disability/medical emergency prevented them from paying rent. This kind of stuff may have worked 20-30 yrs ago in small old boy network towns, but it's a recipe for disaster for any landlord in today's market.
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
4105 posts
Posted on 8/4/22 at 9:10 am to
There’s a huge difference in renting commercial space vs a residence. That might be the discrepancy
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