I'm literally done with this. No more new tenants until the eviction moratoriums are over; and, then, I am going to require 3 month's worth of rent as a deposit. I don't care about the interest being due on the money I am holding, I'll gladly pay it to keep my risks low.
Yep. You should turn away tenants who are barbers and waiters because their income is $0 because the politicians they vote for are shutting them down.
It's pretty sad, but why take a risk if you're stuck holding the bag. Tenants have lived rent free for almost an ENTIRE YEAR in Los Angeles... its insane.
Fortunately for me, I have not been challenged by having to deal with an eviction during this moratorium (despite having disputes with several tenants). Considering the circumstances though, and the fact that I am a vindictive person, I would probably be in jail for abusing my tenant if they decided it was acceptable to steal from me by occupying my property without paying. It'd probably be because I stopped paying their utilities, mortgage or did daily semi-disruptive work within the place.
My properties are for sale; the writing is on the wall that landlords are the new Kulaks.
I'm literally done with this. No more new tenants until the eviction moratoriums are over; and, then, I am going to require 3 month's worth of rent as a deposit. I don't care about the interest being due on the money I am holding, I'll gladly pay it to keep my risks low.
Yep. You should turn away tenants who are barbers and waiters because their income is $0 because the politicians they vote for are shutting them down.
It's pretty sad, but why take a risk if you're stuck holding the bag. Tenants have lived rent free for almost an ENTIRE YEAR in Los Angeles... its insane.
Fortunately for me, I have not been challenged by having to deal with an eviction during this moratorium (despite having disputes with several tenants). Considering the circumstances though, and the fact that I am a vindictive person, I would probably be in jail for abusing my tenant if they decided it was acceptable to steal from me by occupying my property without paying. It'd probably be because I stopped paying their utilities, mortgage or did daily semi-disruptive work within the place.
My properties are for sale; the writing is on the wall that landlords are the new Kulaks.
Yea im thinking about dumping mine as well