/biz/ - Business & Finance

[Anonymous No.18097958]

I own four multi dwelling apartment buildings. Have already received seven letters from individuals claiming they won’t be able to pay rent for “foreseeable future”. What actions can I take to get them out under current pandemic?

[Anonymous No.18097978]

b8 thread

[Anonymous No.18097979]

>>18097958
Cut water and electricity.

[Anonymous No.18097984]

>>18097958
just go there ur self and physically remove them

[Anonymous No.18098066]

>>18097958
>look, I posted it again!
Dilate.

[Anonymous No.18098072]

>>18097984
can you imagine how op looks like?

[Anonymous No.18098113]

Come collect the rent.

[Anonymous No.18098116]

>>18097958

Lawyer up for when they inevitably sue your ass for violating government decrees that explicitly prevent this thing during the pandemic

[Anonymous No.18098189]

>>18097958
set the place on fire, your house your rules

[Anonymous No.18098206]

>>18097958
LANDLORDS ARE THE NEW JANNIES, FUCK LANDLORDS

[Anonymous No.18098234]

>>18097958
Just change the locks and throw their shit outside. If you can't evict them because the courts are closed then they can't sue you for wrongful eviction. Easy.

[Anonymous No.18098248]

>>18098206
You sound poor and gay

[Anonymous No.18098250]

>>18097958
Also wall them in alive if they really like the place.

[Anonymous No.18098276]

>>18098250
Based and amontillado pilled.

[Anonymous No.18098317]

>>18097958
garnish wages, expect a longer than expected payout and be understanding.
>it beats the alternative and any real landlord doesnt want vacancies

[Anonymous No.18098344]

>>18098248
and non-white

[Anonymous No.18098380]

>>18097958
add it to their bill then evict them the minute all of this is over.

[Anonymous No.18098418]

>>18097958
>ask nicely
>ask less nicely
>AR in their face

[Anonymous No.18098505]

Just let them live there for free for fuck sake. If you need money from them so badly, maybe you should get a job.

[Anonymous No.18098563]

Move into their living room and refuse to leave. Send them letters if they object.

[Anonymous No.18098588]

>>18098505
got a point

[Anonymous No.18098598]

>>18098505
Fuck off socalist

[Anonymous No.18098600]

>>18098380
I plan on doing this. What I’m worried about is even if they get back to work by Easter, will they ever be able to catch up on rent? Not surprisingly six of these seven have been late before even without the corona virus as an excuse. I’d like to get them out as soon as legally possible and maybe make a few of the buildings section 8 in order to not have to worry about getting paid in the future.

[Anonymous No.18098609]

>>18097958
>wh*te "people"
I am sure there will be rivers of tears and butthurt at your funeral.

[Anonymous No.18098641]

>>18098598

I'm starting to realize why the anti-socialists were so brutal. These people are scum that want your money and your life.

[Anonymous No.18098649]

>>18098505
My job is proving shelter to those who don’t have it. Should chefs stop cooking and “get a job”? What about clothing manufacturers? I wasn’t expecting much help posting here but the absolute lunacy of some of you kids is astounding.

[Anonymous No.18098665]

You can kindly pound sand.

[Anonymous No.18098674]

>>18097958
Get a job instead of being a leeching parasite.

[Anonymous No.18098694]

>>18098598
It's really ironic that someone who's a landlord doing nothing call someone socialist because that person tell them to get a real job.

[Anonymous No.18098746]

>>18098234

[Anonymous No.18098760]

>>18098694
You're assuming people can't rent out a home and also have another job

[Anonymous No.18098827]

>>18098641
>anti-fa, on the other hand, are not violent and brutal
Retard

[Anonymous No.18098862]

>>18097958
seethe harder
>>18097984
not with those pathetic little jew claws

[Anonymous No.18098890]

>>18098113
>Heh. Go ahead pal. This my fucking home! The 2A specifically says that "stand your ground" is a natural law that extends to condos, apartments, and airbnb rentals.
>I think the 3A says you can rent a car and live in it but you are only allowed to knife people to death who try to remove yoi. No guns. Dynamite is okay in red states. Fucking libs.

[Anonymous No.18098925]

In all seriousness, mostly just because I have lots of landlords in my family and grew up watching my parents buy, renovate, sell and rent out property my whole childhood. You should work out case-by-case deferrals for people and work out repayment around when their unemployment cheques come in, or defer the rent for 2 months and then split it up over the remainder of their lease. Or you should get a contract written up that reduces their rent to align better with their reduced incomes temporarily. Since as an owner, you are most likely able to qualify for a mortgage deferral (banks dont want to foreclose on your property either, again, they lose shitloads of potential money when they do this), which yes you kind of get raped by interest, but your tenants are paying that interest off and all that happens is now instead of paying your mortgage off in 12 years, you're paying it off 12 years 6 months. woopty fucking doo

How I know all of you are just rp'ing is because no landlord ever wants to evict his or her tenants. Evicting people is expensive. I know for a fact from having seen it first hand that there are ways to work things out amicably, you don't have to be a slumlord.

One example I can think of is my parents had a guy living at one of their properties who was just getting his contracting business going after a divorce/move to a new city, so they let him live there for "free" for 9 months in exchange for renovation work on the house. After the lease was over they sold the house for $35000 more than they paid for it (this was the 90s, they probably got the house for under $100k, so this wasnt a bad return), and the only expense for them was paying the mortgage for a year.

But ya, almost everyone is going to be able to qualify for some sort of income assistance in the coming weeks, I would just hold tight until those come in rather than sticking to strict 1st of the month deadlines.

[Anonymous No.18098961]

>>18098827

Antifa are a meme. I'm talking about the real anti-socialist squads funded by the CIA. They were terminating people. I'm not being disparaging btw, I'm seeing their case, socialists literally want to empower the government to take your money and possibly your life. There's a case to be made that offing them is self defense.

[Anonymous No.18098978]

>>18098760
Usually they do have 2-3 jobs and now since the crisis everybody is unemployed because of supply interruptions. The best thing that a landkike can do is to ask the governement to postpone their loan payment ot the bank.

The only landlord that I see start evicting their tenant is a landlord that owned a lot to the bank. Most white landlord that I know understand the situation that's happening right now and doesn't throw their tenent to the street.

[42 No.18098979]

>>18098925
>Since as an owner, you are most likely able to qualify for a mortgage deferral
Do this immediately OP
It’s what I did for some properties ahead of time just in case tenants decide not to pay.

[Anonymous No.18099018]

>>18098600
>Not surprisingly six of these seven have been late before even without the corona virus as an excuse
I guess its buyer's market in where you are renting eh? Otherwise I dont understand why you havent evicted them already before this coronabusiness started

[Anonymous No.18099030]

>>18099018
You can't evict someone for paying rent late one time

[Anonymous No.18099084]

>>18098961
I'm sure you're ignoring the French revolution

[Anonymous No.18099086]

>>18098600
optionally depending on your location... look into selling the building with them still there.

[Anonymous No.18099134]

>>18099030
I don't live in Burgerland btw. Aren't 3-month contracts a thing? If they don't pay you just don't extend the contract.

[Anonymous No.18099262]

>>18098649
Chefs
>cook food
Clothing manufacturers
>manufacture clothing
Landlords
>buy property and then want free money

Just another retard landlord who's angry that they aren't valued

[Anonymous No.18099358]

>>18098113
Sheeit cracka I aint down wit dat shit. Got dem aysaul rifles ready to pop at ya wyboi. I said no rent fo "foreseeable future"

[Anonymous No.18099374]

You're fucking idiot if you start harassing them during a pandemic crisis. It will hurt you in the long run due to all the government fuckery and if you get sued no jury is going to side with you.
Just eat this loss just like everyone else.

[Anonymous No.18099430]

>>18099134
Well Im Canadian, but Canadian and US laws are pretty similar across the board, most rental contracts here are for a year, with the option of subletting if the tenant wants to move out beforehand. If you move out after 6 months, and find someone to sublet for 6 months, then they need to renegotiate the lease after that period of time.

Most of the laws here protect the tenant (and for good reason, theres a lot of scummy landlords). I'd need to brush up on it, but I think you need to give 2 warnings for late rent payment and then give your tenant a notice of termination for non-payment of rent, in which case they have 14 days to pay in full to cancel the termination notice. IIRC there isn't a strict definition of "consistently paying rent late", but generally I think its more than twice in a 1 year period. If this is the case that notice cant be cancelled, but you need to give people 30 days notice to move out, and apply for an eviction with whatever residential tenancy board you have in your area. It can sometimes take months to force people out though, and with whats happening currently you probably wont be able to find a police department willing to actually execute a forceful eviction.

When someone's been evicted, the first thing they're told when they talk to an advisor/lawyer/residential tenancy board/etc is to stop paying rent and not pay anything, since you can still evict afterwards even with full payment. So you could potentially be looking at 6+ months of having a tenant living in your property not paying any rent without any real option of forceful eviction until this coronavirus thing is over

[Anonymous No.18099469]

>>18097958

I’m sorry but we aren’t able to pay our rent. People rent buying enough cheesecakes. We fired all our employees but’s that still wasn’t enough.

[Anonymous No.18099591]

>>18098276
>>18098250
For the love of God, Anontresor!

[Anonymous No.18099640]

>>18099374
>Just eat this loss just like everyone else
You mean like big businesses?

[Anonymous No.18099646]

>>18099262
Landlords
>Eat the majority of cost for a dwelling, keep tenant from having to sell if they move, pays property taxes, fixes damaged structures/appliances, loses money when property sits vacant
Learn economics, Chapo

[Anonymous No.18099825]

>>18098649
Wait wut, you build houses? I thought you were just the middle man financier

[Anonymous No.18099842]

>>18098649
If you weren't leasing rentals to people, the housing market would be properly priced instead of inflated. You don't provide housing. You price people out of housing by creating speculation bubbles and squeeze people who need housing for profit. Nobody cares if you suffer during this because you bought the top using the bank's money like a degenerate gambler. Free markets work both ways and you could have hedged by not gambling on a margin account.

[Anonymous No.18099904]

>>18098234
yes, do that, then sit down quietly with a glass of your favorite whiskey and a cigarette while waiting for them to arrive with the guillotine

[Anonymous No.18099947]

>>18099084

>muh French revolution

lmao. It isn't 1790 anymore retard. People know the score with socialists and don't want to get plunged into that madness.

[Anonymous No.18100039]

>>18097958
If your civil courts are closed you literally can't do shit and they could sue you if you try.

Although, ignorance of the law is no excuse on the tenants side of the arrangement. That means you could probably give them some kind of phony contract or paper or notice but that could literally just make you a sub level human being, but hey, you do you.

[Anonymous No.18100200]

>>18098505
>electricity, water and maintanance are free
>also taxes do not exist

[Anonymous No.18100258]

are anti landlord fags literaly retarded?
do they seriously think that keeping house in livable conditions including power water etc costs literealy nothing?

[Anonymous No.18100340]

>>18099904
>it's another commie threatens that the revolution will definitely happen this time but doesn't do anything himself episode
why do the writers keep doing this? it breaks suspension of disbelief, nobody could be such a faggot IRL

[Anonymous No.18100412]

>>18100258
Nah we realize it it’s just funny watching them REEEEE

[Anonymous No.18100426]

>>18100340
Small tits and not even pretty, ew.

[Anonymous No.18100593]

>>18097958
smoke them out. Turn on the emergency alarms in their apartments, cut water/electricity, install additional locks on their doors that they don't have the keys to. The latter is what every smart landlord does as a rule.

[Anonymous No.18100715]

>>18098113
A magazine would probably help.

[Anonymous No.18100734]

>>18100715

[Anonymous No.18100763]

>>18098250
>>18098276
>>18099591
kek

[Anonymous No.18100992]

>>18097978
fpbp

[Anonymous No.18101029]

>>18098250
Lol

[Anonymous No.18101060]

Evict them, plain and simple. Fuck leeches.

>>18098505
>>18099374
Kill yourself retard leech communist.

[Anonymous No.18101654]

>>18100258
Nobody's against paying for maintenance and utilities (which are often already paid by the tenant or provided by the city btw). That's only a minuscule fraction of what rent covers.

[Anonymous No.18101936]

>>18097979
Lol idiot

[Anonymous No.18101961]

>>18098234
Literally retarded tier

[Anonymous No.18101991]

>>18097958
Just fucking try to evict me, faggot. I dare you.

[Anonymous No.18102301]

>>18097958
Ask them nicely

[Anonymous No.18102332]

>>18098600
>section 8
kys

[Anonymous No.18102336]

>>18100593
All of this stuff is illegal and will get you banned from renting property in any municipality.

[Anonymous No.18102351]

>>18097958
get a electrican or gas expert. pay them bunch of money to fake electrical fault or gas leak. declare residance unhiabitable.

[Anonymous No.18102381]

YOUR ONLY OPTION IS TO EAT SHIT AND DIE LANDIE

[Anonymous No.18102417]

>>18101961
Not really. Even if they wait until the courts reopen, if they're too poor to afford rent and are out of work then they're too poor to sue. Suing people costs lots of money.

[Anonymous No.18102420]

>>18097958
Go find a women to threaten them physically because you are a male Jew and male Jews are weak and ugly creeps and a women will be 500 times physically stronger than you

[Anonymous No.18102454]

Question about all the landlord hate on here. Are you guys just all chapos? Do you actively search for any landlord discussion on the Internet and brigade it?

[Anonymous No.18102469]

>>18097958
>>18097958
Go find a women to threaten them physically because you are a male Jew and male Jews are weak and ugly creeps and a women will be 500 times physically stronger than you

[Anonymous No.18102517]

>>18102454
its a group of trolls with smol peepees that are trying to overun and force the mindset of biz to change to commie scum. just hide and filter all of these 10+ commie threads a day

[Anonymous No.18102535]

>>18098380
>all of this is over.
>>18098600
This will last at least 12 months. Enjoy dilatation

[Anonymous No.18102541]

>>18102417
They can just call legal aid or the city attorney. Then the city sues you for violating landlord tenant laws.

[Anonymous No.18102608]

>>18100715
>leftypol tranny tries to act like a badass
>doesn't know how guns work
good luck with that socialist revolution

[Anonymous No.18102613]

>>18097984
Can you shoot a landlord for entering your home for an unlawful eviction in a state with the castle doctrine?

[Anonymous No.18102633]

>>18097958
Lower your rent price and accept the loss in your investment

[Anonymous No.18102756]

Daily reminder that the overwhelming majority of chapos are NEETs or severely underemployed.

[Anonymous No.18103189]

>>18097958
this is why you invest in stocks and not in real estate OP. get fucked.

[Anonymous No.18103287]

If it's your building, your contract, which your tenants have signed, why can't you evict people yourself? Why does this process take multiple months to go through, and who comes and evicts them after this process?
If it's my apartment that i've bought with my money, and you've signed a contract to pay me for a place to live, why am i personally not allowed to change the locks and throw them out? I wouldn't have to ask some cuck that broke into my house nicely to go back outside again, i could force him out because his squatting in my fucking house.
If you don't fullfil your contracts side, you get fired from your job. Why isn't this the same for landlords? Why are they so cucked by law, when there are agreements and contracts in place, shouldn't this just operate like any normal business? You fail to oblige your signed contract, you're cut off?

[Anonymous No.18103946]

>>18102613
No but you can sue for unlawful eviction if they get forceful or contract a security company to be forceful. You gotts to record everything though

[Anonymous No.18104030]

>>18101060
Depending on your city and state evictions are not allowed until after the pandemic.

[Anonymous No.18104109]

>>18097958
Honestly nothing, if you throw people out now you are gonna go viral on twitter and have your reputation destroyed. People will hate you and no one will wanna do business with you.

[Anonymous No.18104130]

>>18099358
I Kek’d hard

[Anonymous No.18104203]

>>18100258
We just hate boomers that have jacked up real estate prices buying homes to rent out or Airbnb, simple as

[Anonymous No.18104491]

It's guillotine time!

[Anonymous No.18104663]

>>18097958
Go to home depot, get some scrap metal, weld the door and keep them inside so they cant escape. If they can't pay rent, they can starve to death.

[Anonymous No.18104704]

>>18098505
Offer them the ability to work for you

[Anonymous No.18104769]

Message to the OP

[Anonymous No.18104797]

[Anonymous No.18104836]

>>18097958
just be yourself

[Anonymous No.18104846]

>>18098925
this is much to helpful to be here

[Anonymous No.18104866]

>>18099646

So another useless job created through bad government tax laws.

[Anonymous No.18104920]

>>18098925
wow, someone with a fucking brain and actually treats people with a modicum of respect.

[Anonymous No.18105436]

>>18097958
Cancel all of the utilities and tell them that they are welcome to put them in their name.

Pro tip: I’ve done this before. It works! You aren’t technically denying them the utilities because they can go open an account in their name. The guy I did it to ended up turning the water on without city permission so I called the cops and got him arrested. He had other warrants so he got royally fucked.

[Anonymous No.18105482]

>>18105436
this sounds legalese enough to be real, but still skeptical

[Anonymous No.18105514]

>>18097958
none you dumb faggot there is a national moratorium on evictions

[Anonymous No.18105580]

>>18098600
>id rather rent out to criminal niggers who will destroy my property and probably expose me to all sorts of lawsuits when people start getting shot and stabbed on my property
so i have guaranteed government handouts
lol

[Anonymous No.18105711]

>>18104866
Blame the game not the player, retard

[Anonymous No.18105747]

>>18098113
Based

[Anonymous No.18105763]

>>18105514
Evictions are under the jurisdiction of the state dumbass.

[Anonymous No.18105773]

>>18097958
I heard not being a leech is a great solution

[Anonymous No.18106879]

>>18097958
parasite.

[Anonymous No.18107237]

>>18097958
You should have been applying for forbearance like 2 weeks ago. The line is a lot longer now. You can get out of paying your mortgages for 3-6 months.

That being said, talk to your renters about a half payment and tell them to go on unemployment. The government is giving an extra $2400/mo and that will cover rent.

Make your tenants provide proof of income before you waive their rent payments. Most are probably bullshitting you and hoping to pocket the money.

[Anonymous No.18108491]

>>18097979

Fuck you, asshole.

>>18097958

Give them a break.

[Anonymous No.18108575]

>>18097958

[Anonymous No.18108928]

>>18097958
Toss their shit in the street like I did. Fuck rent mutts.

[Anonymous No.18108952]

>>18097958
There seems to be an unusual amount of actual landlords on this board. Very odd seeing as there is a lot of landlord hate on this board.

[Anonymous No.18108974]

>>18108928
t. Commie shill
Kys

[Anonymous No.18109012]

>>18097979
Install a device that fries the electrical system to make it look like the house shit itself and you aren't responsible for it.

[Anonymous No.18109103]

>>18099825
>you build houses?
Yeah cause there's such a massive difference between building a house by yourself and paying someone to build the house for you aka buying a house, you absolute fucking retard.

[Anonymous No.18109157]

>>18105773
>>18106879
Get the fuck out of someone else's propriety then you squatting hobos.

[Anonymous No.18109162]

Every investment comes with a risk, and buying and renting out properties are no exception- if you're this chickenshit about one bad month financially then post your pink wojaks and prepare the rope already

[Anonymous No.18109263]

>>18102351
This.
>>18104109
Honestly kill yourself cuck. I'd like to see them try to pin it on you when a bunch of niggers from the hood they live in pick their lock in the middle of the night (spare key actually) and beat them senseless.

[Anonymous No.18109306]

Honestly if you have a dirty hobo rat living inside your house without paying and your cucked government won't do shit just ''lose'' a bunch of keys to your house in the hood with the address attached to them.
If they don't get murdered in the middle of the night they'll get all their shit stolen.

[Anonymous No.18109340]

>>18097958
So many evil landlords on /biz/ lately

[Anonymous No.18109367]

>>18098113
Ackhyually, since you didn't pay rent, that is no longer your home, but someone elses.

So in effect, you're not "standing your ground" per the law, you're actually a "home invader" , armed and ready to kill. So the Landlord can enact his own "stand your ground" laws, as he is within his own dwelling.

So either you die, justifiably so, or you kill the landlord in cold blood, and get the electric chair.

I should have been a lawyer, this shit is too easy.

[Anonymous No.18109377]

>Hello would you like to live in my house for an agreed upon monthly fee?
>Deal!
>Okay time to pay monthly fee
>FUCK U I OWN THIS NOW

If tenants can kill landlords, landlords can kill tenants

[Anonymous No.18109405]

You follow the process laid out by the law and write it off as a loss. All the people here saying to flex on your tenants with threats or intimidation are fucking stupid. There are lawyers who’s sole purpose in life is to work cases like this on contingency and they will buttfuck you out of more than a couple months rent if you try to do something shady. Evicting a disgruntled tenant is a right of passage for every land lord and you have to treat it as part of doing business without making it personal.

t. Landlord who got sued.

[Anonymous No.18109408]

>>18097958
Lock the doors with them inside and burn the buildings down. Sure you’ll also be fucked, but someone has to make an example of these fuckers.

[Anonymous No.18109474]

>>18109405
Story for context please

[Anonymous No.18109477]

>>18097958
(you)
>>18098925
>How I know all of you are just rp'ing is
How you know is that this is biz, and the last time a non-bait thread was posted in biz was in 2016 when someone accidentally posted some interracial tranny porn that they meant to send to /b/.
/biz/ = /bait/. Absolute shithole

[Anonymous No.18109485]

>>18109405
Here's a life pro tip: if you don't know the ''right people'' you should not become a landlord if you live in some cucked shithole where a hobo basically can own your propriety you paid money for.
If you know the ''right people'' you can make them leave without losing god knows how many months of rent without it being pinned on you.