/llg/ - Landlordship General

[Anonymous No.18905620]

ITT: We discuss how to become a landlord. What properties to own and how to maintain them for maximum rent profits.

Commies are not welcome

[Anonymous No.18905690]

Houses are a strictly limited resource. Buying multiple properties to rent them is a harmful market practice.
Good bait tho.

[Anonymous No.18905791]

>>18905620

basically find white people, if will keep the property value and rent price high, they're the only ones who actually work so you can be assured they'll pay up. If they get a raise, raise the rent, if they get a stimulus, raise the rent. Rinse and repeat. The trick is to bleed them just enough to where they can survive but not afford to have kids because if they have kids they might think about moving

[Anonymous No.18905822]

>>18905620
which location are you trying to buy?

[Anonymous No.18905853]

>>18905690
It is not illegal therefore it is A-OK to buy out multiple properties to rent out

[Anonymous No.18905897]

>>18905853
>legality is morality
Guess abortions are moral then, kek.

[Anonymous No.18905925]

>>18905897
>>18905690
Just fuck off. You are on a capitalist board and want to attack the basic premise of capitalism: Ownership of land.
Suck some tranny's dick of or whatever you rent rats do all day, just leave us alone.

[Anonymous No.18905937]

>>18905620
LANDLORDS ARE THE NEW JANNIES

[Anonymous No.18905956]

>>18905620
Not looking good rn, too many undesirables on SSI who are trying to get my rooms and not nearly enough students. Not sure how fall is gonna be boys, may have to pay my mortgage myself for once :(

[Anonymous No.18905966]

>>18905937
Landlords dont work for FREE retard

[Anonymous No.18906107]

I don’t think any of my old landlords haven’t been actual greedy scum.

[Anonymous No.18906132]

[Anonymous No.18906133]

>>18905620
Buy rental house for cash. Have a large emergency fund. Insulate yourself from tenants with a property manager. Don’t rely on extra income from renters since they can be very unreliable.

[Anonymous No.18906147]

I’ve got a downstairs suite that could literally pay my mortgage but I value privacy too much and there isn’t much soundproofing. Wwyd?

[Anonymous No.18906180]

>>18905620

[Anonymous No.18906185]

>>18905791
I have found it to be better to leave rent the same if you get the rare reliable rent payer. Otherwise raise rent for each new lease.

[Anonymous No.18906213]

>>18906180
OP is a fag because he owns property? Cope and seethe and back to r/comrades

[Anonymous No.18906226]

>>18905690
Until the home is paid off it is the bank that owns them. Banks don't want to be landlords and it’s better to have them vacant until they sell them.

[Anonymous No.18906263]

>>18906132
>>18906180

[Anonymous No.18906273]

I'm about to inherit 12 properties. All in a non white neighborhood mind you... But they will all probably need some work to get them to a point where I can let a company manage them. I also need to get some cash flow going to really repair them. So the question here is how many should I am to sell? They all have mortgages, Hard to know until I get a chance to go and look at them, but I also am worried about holding property into the next year

[Anonymous No.18906352]

>>18906273
Put more on the market than you need to sell. You will be lowballed prices in the current market and if you have more on sale than you really want to sell you can take the least shit offers.

[Anonymous No.18906422]

>>18906273
Who is leaving you 12 homes in need of repair? Kind of a dick move if real.

[Anonymous No.18906448]

>>18905620
Go to the bank. Get pre-qualified and pre-underwritten, and be ready to jump on a deal.

It's time to hit the pavement while everyone is hiding inside like a pussy.

[Anonymous No.18906465]

>>18906422
My dad died a month ago. He's been managing them himself, but to let someone else manage them, I'm gonna have to get some repairs done, as I can't manage them myself. So it's also a matter of if I'm gonna get railed by debtors in probate or not

[Anonymous No.18906496]

>>18906273
sell them all and invest in small business workspaces. Like shops and garages. Commercial real estate is far more stable and profitable plus you are not as beholden to corporate money to support your landlording.

[Anonymous No.18906597]

>>18906465
You have been put in a shitty position. Are any of the properties paid for?

[Anonymous No.18906631]

>>18906273
You are everyone else. Fix them up 1 by 1 and get a Section 8 tenant in there. Make sure they have an essential job (grocery store or some shit).

Then, collect gibs from the government and sit comfy until you can sell the property into a normal market.

[Anonymous No.18906662]

>>18906496
Not a bad idea. I've also been floating the idea of selling them all and maybe buying nicer ones in nicer areas.

>>18906597
Not sure. Some more paid than others. Shitty mortgage terms I think
..30 years and 7 percent. Lawyer is looking into it. The overall driving factor here is that my mom really can't support herself. However, a company has offered to manage them for free for a bit until I have things where I need to be, but until that point I'd have to manage them myself. My income is limited and I have student loans which is a bit irritating. So just trying to find the best way to keep my mom supported without having to fuck myself over.

[Anonymous No.18906685]

>>18905897
>>legality is morality
noone said it was

[Anonymous No.18906694]

>>18905966
they actually do

[Anonymous No.18906887]

>>18906662
What’s there to manage? Are they rented out or not? Are these homes in your mom’s name as well? This will effect her gibs. What about dad’s life insurance? Mom’s social security, retirement, other assets?

[Anonymous No.18907051]

>>18905791
The day my landjesus started raising the rent and getting greedy I left and I was there for 2 years

[Anonymous No.18907127]

Hang land lords

[Anonymous No.18907169]

>>18905925
>>>18905897
>>>18905690
>Just fuck off. You are on a capitalist board and want to attack the basic premise of capitalism: Ownership of land.
>Suck some tranny's dick of or whatever you rent rats do all day, just leave us alone.

FUCKING BTFO'D

[Anonymous No.18907428]

>>18906887
Well for one, collecting rent, keeping them up to code, fixing problems,, that kind of stuff.

All going to have to go through probate so I could just get railed anyways.

No life insurance so far (he used to, but his brain got fried by crack I think. Sad.), not sure on his other assets. My mom is about the age to take out his social security (61 going on 62) but I want to get her a few years down since I don't want her to take the hit unless she needs the money.

[Anonymous No.18907831]

>>18907428
I’m sure there is a lot more details you have not mentioned so this is my advice. Sell everything, settle your fathers estate, and start from there with what is left over. Twelve homes is too much for someone who does not know what they are doing. Also keep in mind. Your mother is your family’s past. You are your family’s future. Invest in the future, not the past.

[Anonymous No.18908533]

>>18907831
Ain't that I disagree with that statement,, but I don't want to just hang my mom out to try after my dad was such a shithead you know?

[Anonymous No.18908793]

>>18906185
This is what I do. Haven't missed a single rent check from any of my tenants through this whole farce.

[Anonymous No.18908943]

>>18908533
Not saying to chisel your own mother, but take a serious look at the family portfolio and the current balance of assets as it relates to goals and needs. If you have all that value tied up in property but nothing in cash reserves or securities you may want to alter course. Good luck fren, hope the lawyers don’t Jew you too badly. Sorry about your dad.

[Anonymous No.18908971]

>>18905925
>the basic premise of capitalism: Ownership of land.
You're a fucking dipshit.

[Anonymous No.18909025]

How much rent should a landlord charge per month based on property value?

[Anonymous No.18909106]

>>18906694
no they don't work. it os the ultimate neet lifestyle to drive around in a black truck yelling at laborers to do maintenance. the landlord is a neet

what if there was a thin blue line but for landlords. fat white line

[Anonymous No.18909161]

>>18906496
Commercial real estate prices are falling hard in Europe. People buy all stuff online, have less and less ownership of cars. Corona boosted the first trend, and reduced the second one.

I have seen even real estate investors to buy up cheap commercial real estate in non-pedestrian areas and convert them into lofts.

This is a problematic area to go in at the moment. You need to know really what you are doing.

[Anonymous No.18909207]

>>18908971
Cope harder socialist shill

[Anonymous No.18910399]

Bump

[Anonymous No.18910895]

>>18909025
as much as the market can bear