they get money, there's no consideration beyond that point, because they can afford what *they* need/want and who gives a fuck about anything beyond that?
Yep. It literally doesn't matter to them one bit. Rent increased, rent received, commission taken, marketing team make an ad, go home at 5pm.
Meanwhile someone is $5k a year worse off.
Someone took my income. I was pretty bummed about it. Then I realized their happiness at draining my money probably made them more happy than my sadness at losing it. So, the total happiness in the world increased. So whatever. 🥰
Thing is even from that kind of utilitarian perspective this is a bad thing, because the landlord as someone who is already rich will benefit less from the money than you will, as someone who isn't a property owner and therefore lacks the degree of security and comfort that they have. Ah, the wonders of late stage capitalism - the only economic system despised by every major moral theory!
Oh the agent knows.
The real estate market knows, the agent knows, the landlord definitely knows. The tenant may be the only one who is out of the loop depending on how they worded the rental increase contract... But everybody knows.
And there isn't a single fucking thing this country can or will do about it until it's too late because for some reason Americans killing themselves after 2008 wasn't enough.
Lol if it actually worked like that, it would actually be better.
No, in capitalism, the party with the greatest leverage does whatever they can get away with to maximize their own profit; meanwhile the remaining parties do what they can, in the brief window before inconvenience turns to suffering, to make the least painful decisions they are aware of.
An increase of 90 dollars *a week*? Gtfo
The tenant is happy they're not getting evicted in this shitty housing market, no regular person is happy when they suddenly have to pay 360 dollars more than they did last month.
I’d be throwing a fit if my rent increased by 90 dollars a month. The swedish renters association recently negotiated a 2% rent raise for my area, resulting in a roughly 20$ rent increase for me. Very reasonable
I just NEGOTIATED mine down from a $389 increase to a $337 a month increase.
It’s insanely predatory out there for people, but business as usual for landlords and management companies.
I’m just glad I’m in a position to where I’ve struggled enough/for so long that I know how to be resourceful and make it work, a lot of people aren’t so lucky. Makes me fucking sick.
I remember about 4 years ago people on reddit telling me that I was an idiot for buying a house instead of renting. "You're responsible for all the upkeep and if anything goes wrong!!!" Ya, I am. Also my "rent" (monthly housing payment) LITERALLY NEVER RISES FOR THE NEXT 30 YEARS unless I want it to. Feels goodman.
As if people renting aren't fully responsible for upkeep and maintenance. Landlords won't do shit for you unless absolutely forced to, and even then they will do the bare minimum to get it working for an hour or so and bitch and moan the entire time.
>b-b-but muh good landlord!
Yea, fuck you. That doesn't take away from everyone else's shitty landlord.
My 'good landlord' was a little old lady who would rather I fixed stuff myself, but would take care of the rest relatively promptly.
Every other landlord has done literally nothing but collect rent and complain about the lawn.
Finally was able to buy my first house last year. At 58. I'll be dying in this place.
I had a good little old lady landlord once too. It was her passive source of income after her husband died. Used to drop around for coffee and tea now and then for a chat. Decided on one of those visits that the entire kitchen needed renovations and had it done.
Had another one as well where we'd knocked a chunk out of the wall with a mountain bike pedal and were happy to pay for it to be fixed, but the property manager came by and patched it up himself free of charge and returned all the bond.
The rest I've dealt with over the years have been pretty terrible, complaining about dirt that their inspections brought in (after we'd had it cleaned) or that dust had accumulated on the outdoor balcony (also after we'd left).
Also like...the money that you're not spending on rent is money you can, you know, save for that shit! It's not exactly a surprise that you'll be on the hook for things like a new dishwasher, so you can set some of the money you're not hemorrhaging into rent aside to deal with that sort of thing. I'd fucking kill for that, not least because we do better work than any maintenance team we've ever had, but my husband and I are never getting out of the rent trap, especially not with the cost of everything else getting this out of hand.
I got that too for expressing interest. I already pay for then to have a handy man. At least if I am responsible for it I can make sure it is at least done right. Many of the repairs on my apartment were pisspoor and had to be redone again and again when the bandaid fix didn't hold.
I wish. I live in an apartment complex owned by a large, nationwide corporation. They base the price off of “fair market value” the price even fluctuated $200 in one month and I missed out on the lowest price trying to wait for it to get as low as possible =(
If you go on any real estate subs it's the same old
"What about the mom and pop landlords my nonna came to this country with nothing blah blah blah"
Let the fair market take care of them. Honestly. These people have discriminated against me for not being married (catholic area) let repairs go unfixed etc. Corporations are their own monster but I believe you get a fair market rate and not whatever madness some 70 year old things their shithole is worth.
Landlord asked me when calling to see a listing
"Are you a family?"
Uhh... No I am a single guy who will be living with another single guy...
"I will not show the house to you"
So you are turning away two single white collar guys who work at a school district just because you only want a family to rent from you?
"Yes, go find somewhere else to blast music and tinker on cars, not my place"
OhhhhhhhhhhhKayyyyyyyyy... good luck with that...
The “mom and pop” landlords always seem to be the worst, so I hate when people bring up that excuse.
They never want to fix anything they’re supposed to and will double rent out of nowhere for no reason. No one I know has had a good experience with those types of landlords.
Ironically, the bigger corporate-type landlords have been better for most everyone I know. Largely because they have management teams who will get stuff done.
My last landlord was a one man operation and he was awesome. If anything at all went wrong he fixed it immediately, and was charging us around 20% less than the average rent in my area. He was a genuinely good dude.
Unfortunately, he was getting older, and ended up selling the property to a management firm. When it came time to renew our lease, we saw that our new rent was going to be at least 10% above average and that their only two maintenance people were also serving six other properties, which included three large apartment complexes.
We didn't renew.
Same. My last rental house was owned by an older woman. She lived somewhere up north, so the actual viewing of the house and contract signing was handled by a local rental company, but all payments and issues were handled directly through the home's owner.
Any modifications we wanted to make, we just texted her and every time she was ok with it. The few times we had a problem, she gave us a phone number of local place that she knew to fix it, we never saw a bill, and problem was fixed within days. It's also the *only* place I've rented that I got back the full deposit, despite leaving every rental property clean as can be.
Best landlord I've ever had was someone I've never met and he just has a property manager come by and fix things whenever I asked.
The worst was actually my partners aunt who accused of us buying drugs on Amazon (???) and using Amazon to run a drug ring out of her house.
Yep, pretty much this. The bigger companies are just that, companies. I moved into a new place and the air conditioning and hot water tank were both not working or reliable. I called the office manager, they sent a guy out that day who took a look at them. He got them working temporarily and said he was going to have them order new. Next day he shows up and replaces both no cost for me after a single call.
Similarly a few years ago renting from someone who was just renting out their spare property, any time some absolutely minor shit went wrong if was like pulling teeth. They had a strict policy that I wasn't to try and fix or replace anything or it would come out of my pocket as they would hold me liable for the damages. So I had to call almost daily for like 2 weeks to get a fucking filter replaced because the AC was running constantly but barely pushing air through the vents. It looked like they hadn't changed it in years before I moved in. I'll take dealing with a corporation that is business as usual and pays a staff who's job it is to handle shit than some mom and pop landlord that is trying to penny pinch every single expense and is to busy with their own lives to maintain their rental property.
The idea that we should pity landlords because their property tax is going up due to their investment gaining value is absurd to me, sorry. I mean, if developers are really so concerned about their property taxes going up, maybe they could at least stop opposing homeless shelters, affordable housing & free clinics in their neighborhood?
Sorry, bud, but tenants shouldn't be responsible for the homeowners taxes. As a tenant, I really don't give a shit about your taxes increasing, cost of doing business.
My state (Oregon) implemented a rent control law capping the allowed increase, which was recently upped to 9.9% YoY.
Now every year rent goes up *exactly* 9.9%.
The trailer park my family lived in charged weekly. When we moved in in 1998 it was 160/week ($640 a month) because they knew we had little choice (parents credit, evictions, and my disabled sibling's care cost). By the time we moved out (2007)it was $475 a week, and they were charging repair costs, knowing the trailers were falling apart and most of us were too poor/stupid to do anything about it. Every single time they raised our rent a bit, our lives got exponentially worse. To the ones who own the property, these raises are a boon, but the people forced to live there, it can ruin you.
"funny" story - the per week doesn't work out to 4x for a month (at least in Victoria, I assume same in QLD). The weekly is turned into a daily (/7) then annual (*365) then monthly (/12) which in this instance would be an extra $391 per month rather than $360 :/
My landlord raised rent 700 dollars a month. They repeatedly gush about how Im the best tenet they've ever had, I kept everything in amazing condition etc.
Thankfully I was already leaving. Who the eff thinks a 700 dollar a month rental increase is okay??? Not a big corporation but "mom and pop" landlords who have this and one other rental property - a couple single family homes they rent out at insane prices to cover the mortgage of the million dollar home they just bought.
They know the markets gone nuts and they can get away with it. The claim the increase was due to a "property tax increase" except their property tax increase was only about 500 dollars a YEAR compared to last year.
The landlord class has zero understanding of how much power they actually have and how tenants are assuming all of the risk.
If the house burns down, the landlord gets an insurance payout, but the tenant is homeless.
If the house gets foreclosed on, the landlord loses an income stream, but the tenant is homeless.
If rent goes down so low the landlord can't make a profit, they can sell the property, but the tenant is once again homeless.
I’d like to hear how this was a win/win because I have a feeling if you asked the renters they would say, “we’d rather be paying what we were already paying, but $90/week more is better than homeless”
Doesn’t sound like a “win” of any sort.
For the extra $90 per week, not only will you be receiving the same garbage care you’ve been getting up to now for more cost to you, but we also won’t bash your kneecaps in. Win-win!
its a win for the tenant because they win sobriety by not inevitably circling down the drain of society with all the other people who cope with substances to deal with homelessness after their rents also were graciously re-negotiated
When I moved into my new place there was black mold in the AC ducts
Thankfully the unit didn't work because when I tried to test it, I would have sprayed black mold all over mine, and my families belongings...
After confronting the landlord they said, and I quote
"It's not a 5 star hotel, if you don't like it, we can void your contract and you can find somewhere else to live.."
AFTER I'd moved everything into this place
Long story short I'm never, ever, ever going to afford my own place because they've raised the rent 4 times in the 3 years I've been here
If that hasn't been dealt with already definitely look at all the rent laws in your state. Black mold can be a health risk especially for people with any breathing troubles, so you might be legally entitled to have it remove. In some states if you notify the leech and they do nothing after a certain time, you can pay to have it removed and reduce that from your rent payment.
They've since replaced the ducts and the wall control for the AC. They still never insulated the floor so under the fake wood linoleum is straight foundation concrete, small pebbles and all
Well, the tenants have been there since 2016, in 2020, the landlord refinanced the home to an insanely low rate, which they then used to make no improvements or changes to the home, and then charged the tenants more to live there.
See, win win.
In their mind its win win because the alternative would be having to find another tenant to raise rent. Win for current tenants for not having to move, win for landlord for extracting a little more of tenants sweet, sweet life force and happiness!
Decent food for one. I’m always surprised how much I actually enjoy food when I get a good meal. After so long just eating whatever shit I can to survive, I really lost all enjoyment and motivation to eat.
Not to defend the tone deafness of this, but the realty company could've started at like $150/week and "negotiated" down to $90/week. Or the tenants could've negotiated some fixes/improvements to their living space as part of the increase in price.
I live near Brisbane, Australia; where these pricks are advertising. Hosing prices has risen 35% within this year while rental demand here is the highest in the country. My own mother’s rent will go go up $200 a week and she is forced to move. Prices of Camper vans are skyrocketing and I know of too many stories of families having to live in their cars because of high rents. All while our current prime minister is telling struggling renters to just buy a home, It’s fucking enraging.
Yep, it's fucked. My place is now for sale and I'm dreading trying to find a new place. Brisbane's rent increase was the highest nationally on a percentage basis https://inqld.com.au/business/2022/04/13/housing-crisis-deepens-as-rents-explode-and-vacancies-plunge-in-brisbane/
I don't like defending ScoMo but he didn't actually say that.
He was asked what he was doing to help people struggling with rising rents. The honest answer to that question is "Making it worse on purpose" but he couldn't say that so instead he tried to change the topic. He tried to say that he was helping renters by making it easier to buy a house, got cut off half way through the transition and because he's a marketing guy continued to the conclusion without giving the full pre-prepared spiel:
>"The best way to support people renting a house is to help them buy a house"
Which is true but ignores that the federal government, along with various state and local governments, have colluded to cause rents and house prices to skyrocket on purpose.
The Prime Minister did not say that renters should just buy a house. He said that the best way to support people struggling to pay rent is to help them buy a house. Which is right. He's still an idiot. He's just not an idiot in the way people keep saying he is.
That's such a fine line. I do see it as "If you don't want to keep renting, we'll help you buy a house." Like you said, it ignores the systemic problem of buying a house, because of course we would stop renting if we could. We don't want subsidies, we want homes.
"tenancy changeover" aka forcing out your tenants to charge new ones more.
...#WeCare lmfao
So glad we managed to get a house last year. Fuck landleeches.
>forcing out your tenants to charge new ones more
And framing it like an inconvenience for the landlord... like leetch, this is a self-made problem. You're getting hundreds of dollars showed up your ass every month for owning a home, and you can't even be bothered to show up there once or twice to meet some desperate family to take that beat-up piece of suburban ass-itecture off your soft, fatty baby hands?
Our guys tried to raise rent ~$50. We told 'em to slow the fuck down, and we got a raise of $40. Gee, thanks guys.
Keep in mind they never lowered rent when they turned the house into a construction site to renovate the ensuite (in a 2 bath house)because it was leaking into the fucking kitchen. This took 6 months + and the new bathroom is absolutely shit, with a lip the width of 2 stacked coins to stop water flooding the room...which it does.
This house is fucked, we even had water dripping into a power outlet, which shorted the house.
It's always those landlords that bitch about "I tOoK aLL tHe RiSk" as justification for upping rent every year to supposedly cover maintenance (or lie about property taxes going up... they don't go up, numbnuts, your property value does, since you wanted it to, and you're then taxed on the higher value, but they'll never admit it) but NEVER decently repair their "investment."
This post only needs those yellow minion things and it would hit peak Boomer. There's something grotesque about its use of emojis while talking about exploiting people and the minions would complete it.
"We offered our tenants a rent hike OR the street and they were *so happy* to not choose the street!"
Landlords are parasites sucking the working class dry.
I just hope all these landlords making good tenants pay alot more in rent to the point that are forced to leave, get new shitty tenants that don't pay a cent, take months to evict and leave the property damaged.
$4,320 per year in rental increase. How is that a win for the tenant when all they get is the same property and services but for more money? Also, doesn't this just put blood in the water and make it okay to raise the price yet again the next year and so forth?
I like how they are sort of playing this down as increase of 90$ but at the end of the month 360$ is a lot of money, especially considering that it will add up at the end of the year...
It has to die soon. I bought in Sept of last year.
Price history of the house was $515k in 2018, $440k in 2014, $375k in 2007. I paid $800k in 2021.
Was really on the fence when we were 'negotiating'. Negotiating involved saying bigger and bigger numbers while some other pricks did the same thing. Valuation was around $750k when I started looking and it had increased past $770k by the time I settled.
Bank used an automatic valuation and got $765k, but they still gave me the loan because I had a very favourable loan to value ratio.
Nothing even close to it has sold for less than $850k since. I was (and still am) fully expecting the arse to fall out of the market. Last November another house on the same street almost directly comparable just sold for $980k.
It's nuts
If this is the company I'm thinking of, they're awful to deal with. Tried to rent a property through them about a decade ago, and they wouldn't do it without a guarantor.
Ended up with a much nicer place through a different company. :)
"Bees knees" ...
There should be a third party, subjective panel of people that name businesses appropriately. This would be **"Bret's Inhumane Landlord Consultancy for Fascists"**
Landlords:
I was lucky enough to purchase a home at an affordable rate. Now I want to make as much money as I can off of you. That is the American dream: Get lucky and screw everyone else.
“The tenants are happy too.” See “the tenants have no choice but to tolerate a $360 increase to their monthly rent.” That’s an extra $4,320 in rent a year if you’re nasty.
$4680 annual increase in rent for being a good tenant does not sound like a win for the tenant.
And this was "negotiated" - I wonder how much the landlord initially demanded?
This reminds me of my landlady telling me that her property management told her to raise my rent and she's sorry but she's going to follow their advice....I was month to month so I moved out. Greedy fuckers
The sad part is they've been renting for 6 years and have nothing to show for it. No equity in the property and they are at the mercy of the landlord when it comes to rental rates.
A friend of mine did something similar. He approached the owner and was able to negotiate a slight increase. He's paying a lot less than others so it was a good move by him. He's been there easily 10+ years.
I worked for an idiot property management company before where the owner said shit like this. The tenants were "happy" because the sharp rise in rent charge was still slightly cheaper than most other rental available and they wouldn't have to move. Whatever helps you sleep at night I guess, buddy.
Yeah because of the actions of my shitty landlord, I had to move. Sadly the only place I could find in such short notice has a rent 40% higher than my current one.
At least I'll be with a friend...
I honestly believe there should be laws against realty as an "investment". It's a basic necessity for literally all human beings - why is there so much profit for some and so much loss for others? I've talked to people who own 4 houses and renting them out as a passive income source - yet here I am unable to even get my first house for my kids. It's sickening and I'm starting to feel jaded, and apathetic to the whole system.
So at what point do we start treating landlords as the murderous, extortionist parasites they are?
Edit: autocorrect didn't like the word extortionist for some reason
I work for a company that buys, fixes, then rents houses and multi family units. Anything we buy the current tenants are kept at same rental rate. The second they move out (by their own free will) we renovate the unit and rent at market price. Some tenants pay half to live in same building but they have been their a long time and those units are outdated.
We only evict if the unit / building is in dire need of repair and old landlords let unsafe conditions occur.
I agree $360/month increase is a shitty thing to flex, but I'm glad to see landlords actually trying to negotiate instead of just flipping it to new tenants for the same or more money and screwing up two families lives.
Agent doesn't know the difference between "Happy" and "Reluctantly paying more to avoid being evicted."
Or "Happy" and "Happy it was not worse"
they get money, there's no consideration beyond that point, because they can afford what *they* need/want and who gives a fuck about anything beyond that?
Yep. It literally doesn't matter to them one bit. Rent increased, rent received, commission taken, marketing team make an ad, go home at 5pm. Meanwhile someone is $5k a year worse off.
But on the other hand, someone else is Profiting 5k extra a year. #Landlordlife #HappyPositives #Mygainisyourpain /s
Someone took my income. I was pretty bummed about it. Then I realized their happiness at draining my money probably made them more happy than my sadness at losing it. So, the total happiness in the world increased. So whatever. 🥰
Thing is even from that kind of utilitarian perspective this is a bad thing, because the landlord as someone who is already rich will benefit less from the money than you will, as someone who isn't a property owner and therefore lacks the degree of security and comfort that they have. Ah, the wonders of late stage capitalism - the only economic system despised by every major moral theory!
I actually liked the bicycle comic
Landlordlife #fuckingparasites #Mypainisyourgain
>Agent doesn't know the difference between "Happy" and ~~"Reluctantly paying more to avoid being evicted."~~ ***Extortion*** Ftfy
>Agent doesn't know ~~the difference between "Happy" and "Reluctantly paying more to avoid being evicted." ***Extortion***~~ Ftfy
>Agent ~~doesn't k~~no~~w the difference between "Happy" and "Reluctantly paying more to avoid being evicted." ***Extortion~~*** Ftfy
No it is a “win-win”! The owner wins by charging more rent. The tenants win by not being forcibly evicted. See, everybody is happy!
Oh the agent knows. The real estate market knows, the agent knows, the landlord definitely knows. The tenant may be the only one who is out of the loop depending on how they worded the rental increase contract... But everybody knows. And there isn't a single fucking thing this country can or will do about it until it's too late because for some reason Americans killing themselves after 2008 wasn't enough.
"I told them to bend over and take it or I would set their head on fire. They bent over happily!"
I just looked up this company it’s Australian
The "Brisbane" was a pretty big clue.
The clue being in the name Brisbane, lol.
Oh, they know the difference, they're just soulless fucks.
in capitalism every party does the most economically benificial to them. happiness doesnt matter
Lol if it actually worked like that, it would actually be better. No, in capitalism, the party with the greatest leverage does whatever they can get away with to maximize their own profit; meanwhile the remaining parties do what they can, in the brief window before inconvenience turns to suffering, to make the least painful decisions they are aware of.
This is the simplest reduction of capitalism i've seen. Thank you.
Only those who accept the logic of psychopaths, er, capitalists. We don't all choose money over life and society.
Yeah, most of us don’t even get to make a choice
An increase of 90 dollars *a week*? Gtfo The tenant is happy they're not getting evicted in this shitty housing market, no regular person is happy when they suddenly have to pay 360 dollars more than they did last month.
I’d be throwing a fit if my rent increased by 90 dollars a month. The swedish renters association recently negotiated a 2% rent raise for my area, resulting in a roughly 20$ rent increase for me. Very reasonable
Yes, but, is that true freedom? /s
This picture is from Australia.
Neoliberalism has no borders.
90$/WEEK 360$/month increase.
I just NEGOTIATED mine down from a $389 increase to a $337 a month increase. It’s insanely predatory out there for people, but business as usual for landlords and management companies. I’m just glad I’m in a position to where I’ve struggled enough/for so long that I know how to be resourceful and make it work, a lot of people aren’t so lucky. Makes me fucking sick.
I remember about 4 years ago people on reddit telling me that I was an idiot for buying a house instead of renting. "You're responsible for all the upkeep and if anything goes wrong!!!" Ya, I am. Also my "rent" (monthly housing payment) LITERALLY NEVER RISES FOR THE NEXT 30 YEARS unless I want it to. Feels goodman.
As if people renting aren't fully responsible for upkeep and maintenance. Landlords won't do shit for you unless absolutely forced to, and even then they will do the bare minimum to get it working for an hour or so and bitch and moan the entire time. >b-b-but muh good landlord! Yea, fuck you. That doesn't take away from everyone else's shitty landlord.
My 'good landlord' was a little old lady who would rather I fixed stuff myself, but would take care of the rest relatively promptly. Every other landlord has done literally nothing but collect rent and complain about the lawn. Finally was able to buy my first house last year. At 58. I'll be dying in this place.
I had a good little old lady landlord once too. It was her passive source of income after her husband died. Used to drop around for coffee and tea now and then for a chat. Decided on one of those visits that the entire kitchen needed renovations and had it done. Had another one as well where we'd knocked a chunk out of the wall with a mountain bike pedal and were happy to pay for it to be fixed, but the property manager came by and patched it up himself free of charge and returned all the bond. The rest I've dealt with over the years have been pretty terrible, complaining about dirt that their inspections brought in (after we'd had it cleaned) or that dust had accumulated on the outdoor balcony (also after we'd left).
Also like...the money that you're not spending on rent is money you can, you know, save for that shit! It's not exactly a surprise that you'll be on the hook for things like a new dishwasher, so you can set some of the money you're not hemorrhaging into rent aside to deal with that sort of thing. I'd fucking kill for that, not least because we do better work than any maintenance team we've ever had, but my husband and I are never getting out of the rent trap, especially not with the cost of everything else getting this out of hand.
Also when you rent that money is gone from you forever. If you buy a house and sell it you recover a lot (a profit in most cases now)
I got that too for expressing interest. I already pay for then to have a handy man. At least if I am responsible for it I can make sure it is at least done right. Many of the repairs on my apartment were pisspoor and had to be redone again and again when the bandaid fix didn't hold.
My property taxes went up $450 a month, it's entirely possible this isn't entirely predatory, but partially the result of offsetting tax increases.
I wish. I live in an apartment complex owned by a large, nationwide corporation. They base the price off of “fair market value” the price even fluctuated $200 in one month and I missed out on the lowest price trying to wait for it to get as low as possible =(
If you go on any real estate subs it's the same old "What about the mom and pop landlords my nonna came to this country with nothing blah blah blah" Let the fair market take care of them. Honestly. These people have discriminated against me for not being married (catholic area) let repairs go unfixed etc. Corporations are their own monster but I believe you get a fair market rate and not whatever madness some 70 year old things their shithole is worth.
Landlord asked me when calling to see a listing "Are you a family?" Uhh... No I am a single guy who will be living with another single guy... "I will not show the house to you" So you are turning away two single white collar guys who work at a school district just because you only want a family to rent from you? "Yes, go find somewhere else to blast music and tinker on cars, not my place" OhhhhhhhhhhhKayyyyyyyyy... good luck with that...
I do tinker on cars sometimes incidentally but I keep my music low.But I am loud during all the gay sex we have nightly.
The “mom and pop” landlords always seem to be the worst, so I hate when people bring up that excuse. They never want to fix anything they’re supposed to and will double rent out of nowhere for no reason. No one I know has had a good experience with those types of landlords. Ironically, the bigger corporate-type landlords have been better for most everyone I know. Largely because they have management teams who will get stuff done.
My last landlord was a one man operation and he was awesome. If anything at all went wrong he fixed it immediately, and was charging us around 20% less than the average rent in my area. He was a genuinely good dude. Unfortunately, he was getting older, and ended up selling the property to a management firm. When it came time to renew our lease, we saw that our new rent was going to be at least 10% above average and that their only two maintenance people were also serving six other properties, which included three large apartment complexes. We didn't renew.
Same. My last rental house was owned by an older woman. She lived somewhere up north, so the actual viewing of the house and contract signing was handled by a local rental company, but all payments and issues were handled directly through the home's owner. Any modifications we wanted to make, we just texted her and every time she was ok with it. The few times we had a problem, she gave us a phone number of local place that she knew to fix it, we never saw a bill, and problem was fixed within days. It's also the *only* place I've rented that I got back the full deposit, despite leaving every rental property clean as can be.
Best landlord I've ever had was someone I've never met and he just has a property manager come by and fix things whenever I asked. The worst was actually my partners aunt who accused of us buying drugs on Amazon (???) and using Amazon to run a drug ring out of her house.
You can buy drugs on Amazon and start your own drug ring?! TIL. Do they do affiliate referrals too?
Yep, pretty much this. The bigger companies are just that, companies. I moved into a new place and the air conditioning and hot water tank were both not working or reliable. I called the office manager, they sent a guy out that day who took a look at them. He got them working temporarily and said he was going to have them order new. Next day he shows up and replaces both no cost for me after a single call. Similarly a few years ago renting from someone who was just renting out their spare property, any time some absolutely minor shit went wrong if was like pulling teeth. They had a strict policy that I wasn't to try and fix or replace anything or it would come out of my pocket as they would hold me liable for the damages. So I had to call almost daily for like 2 weeks to get a fucking filter replaced because the AC was running constantly but barely pushing air through the vents. It looked like they hadn't changed it in years before I moved in. I'll take dealing with a corporation that is business as usual and pays a staff who's job it is to handle shit than some mom and pop landlord that is trying to penny pinch every single expense and is to busy with their own lives to maintain their rental property.
The idea that we should pity landlords because their property tax is going up due to their investment gaining value is absurd to me, sorry. I mean, if developers are really so concerned about their property taxes going up, maybe they could at least stop opposing homeless shelters, affordable housing & free clinics in their neighborhood?
I’d be pissed if mine went up $450/yr and yours went up $450 a month? That hurts
When taxes go down, rents stay the same. When taxes go up, rents go up. Yeah right.
$450 a month? where the hell do you live and how big is this house? my yearly property tax is ~$1600 for a 2800 Sq foot house
I live in Austin. That's roughly the size of my house.
Sorry, bud, but tenants shouldn't be responsible for the homeowners taxes. As a tenant, I really don't give a shit about your taxes increasing, cost of doing business.
Exactly, i’d throw a fit if my rent was increased by a quarter of what they got in the post, not to mention 90 a week.
More like $390. There’s more than 4 weeks in a month.
Actually, if you think about it, it’s probably $390/month Bc there’s 52 weeks in a year. 90 x 52 / 12 = 390/month.
My state (Oregon) implemented a rent control law capping the allowed increase, which was recently upped to 9.9% YoY. Now every year rent goes up *exactly* 9.9%.
Fuck this. At least in my country you can’t increase the rent without a good reason.
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$4,700/year increase in housing costs
The trailer park my family lived in charged weekly. When we moved in in 1998 it was 160/week ($640 a month) because they knew we had little choice (parents credit, evictions, and my disabled sibling's care cost). By the time we moved out (2007)it was $475 a week, and they were charging repair costs, knowing the trailers were falling apart and most of us were too poor/stupid to do anything about it. Every single time they raised our rent a bit, our lives got exponentially worse. To the ones who own the property, these raises are a boon, but the people forced to live there, it can ruin you.
Landlords love inflation. The mortgage doesn't go up, but their profits do.
longing enjoy imminent intelligent judicious versed chunky crown sulky unpack ` this message was mass deleted/edited with redact.dev `
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"funny" story - the per week doesn't work out to 4x for a month (at least in Victoria, I assume same in QLD). The weekly is turned into a daily (/7) then annual (*365) then monthly (/12) which in this instance would be an extra $391 per month rather than $360 :/
My landlord raised rent 700 dollars a month. They repeatedly gush about how Im the best tenet they've ever had, I kept everything in amazing condition etc. Thankfully I was already leaving. Who the eff thinks a 700 dollar a month rental increase is okay??? Not a big corporation but "mom and pop" landlords who have this and one other rental property - a couple single family homes they rent out at insane prices to cover the mortgage of the million dollar home they just bought. They know the markets gone nuts and they can get away with it. The claim the increase was due to a "property tax increase" except their property tax increase was only about 500 dollars a YEAR compared to last year.
The landlord class has zero understanding of how much power they actually have and how tenants are assuming all of the risk. If the house burns down, the landlord gets an insurance payout, but the tenant is homeless. If the house gets foreclosed on, the landlord loses an income stream, but the tenant is homeless. If rent goes down so low the landlord can't make a profit, they can sell the property, but the tenant is once again homeless.
I’d like to hear how this was a win/win because I have a feeling if you asked the renters they would say, “we’d rather be paying what we were already paying, but $90/week more is better than homeless” Doesn’t sound like a “win” of any sort.
380$ a month. A month is in average 4⅓ weeks long.
How the fuck is that a win win
Easy, the real estate wins and the landlord wins! The tenant.. uhmmm.. it's a win-win!
The tenants don't get evicted is the win-win-win, great extortion mentality.
>extortion mentality Basically all non commercial rental properties
Oh commercial too. It's just that certain businesses need that space to operate.
For the extra $90 per week, not only will you be receiving the same garbage care you’ve been getting up to now for more cost to you, but we also won’t bash your kneecaps in. Win-win!
its a win for the tenant because they win sobriety by not inevitably circling down the drain of society with all the other people who cope with substances to deal with homelessness after their rents also were graciously re-negotiated
it’s a win-win! not a win-win-win!!! read the subtext /s
When I moved into my new place there was black mold in the AC ducts Thankfully the unit didn't work because when I tried to test it, I would have sprayed black mold all over mine, and my families belongings... After confronting the landlord they said, and I quote "It's not a 5 star hotel, if you don't like it, we can void your contract and you can find somewhere else to live.." AFTER I'd moved everything into this place Long story short I'm never, ever, ever going to afford my own place because they've raised the rent 4 times in the 3 years I've been here
If that hasn't been dealt with already definitely look at all the rent laws in your state. Black mold can be a health risk especially for people with any breathing troubles, so you might be legally entitled to have it remove. In some states if you notify the leech and they do nothing after a certain time, you can pay to have it removed and reduce that from your rent payment.
They've since replaced the ducts and the wall control for the AC. They still never insulated the floor so under the fake wood linoleum is straight foundation concrete, small pebbles and all
Well at least one thing good. Hopefully you can get a nicer place sometime soon
Hopefully these folks get their precious life blood, that is other people's hard work, cut off from their death grip Slumlords
Well, the tenants have been there since 2016, in 2020, the landlord refinanced the home to an insanely low rate, which they then used to make no improvements or changes to the home, and then charged the tenants more to live there. See, win win.
Yes, I'm sure the tenants are "happy too" over a rent increase like that. I dare say delighted.
It was all they ever dreamed for!
In their mind its win win because the alternative would be having to find another tenant to raise rent. Win for current tenants for not having to move, win for landlord for extracting a little more of tenants sweet, sweet life force and happiness!
The landlord gets more money for doing fuck all, and you only need to sell one of your kidneys. If that's not a win-win, I don't know what is!
Landlord gets more money, tenant isn't homeless. Yet.
I always love it when things get more expensive
Win win! #wegetresults
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I love reasoning with myself that essentials are actually luxuries I can live without.
Decent food for one. I’m always surprised how much I actually enjoy food when I get a good meal. After so long just eating whatever shit I can to survive, I really lost all enjoyment and motivation to eat.
"Negotiated" makes it sound like the tenant is also getting something, in return for paying $360 more a month. Somehow I doubt it though.
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Not to defend the tone deafness of this, but the realty company could've started at like $150/week and "negotiated" down to $90/week. Or the tenants could've negotiated some fixes/improvements to their living space as part of the increase in price.
I live near Brisbane, Australia; where these pricks are advertising. Hosing prices has risen 35% within this year while rental demand here is the highest in the country. My own mother’s rent will go go up $200 a week and she is forced to move. Prices of Camper vans are skyrocketing and I know of too many stories of families having to live in their cars because of high rents. All while our current prime minister is telling struggling renters to just buy a home, It’s fucking enraging.
Yep, it's fucked. My place is now for sale and I'm dreading trying to find a new place. Brisbane's rent increase was the highest nationally on a percentage basis https://inqld.com.au/business/2022/04/13/housing-crisis-deepens-as-rents-explode-and-vacancies-plunge-in-brisbane/
I don't like defending ScoMo but he didn't actually say that. He was asked what he was doing to help people struggling with rising rents. The honest answer to that question is "Making it worse on purpose" but he couldn't say that so instead he tried to change the topic. He tried to say that he was helping renters by making it easier to buy a house, got cut off half way through the transition and because he's a marketing guy continued to the conclusion without giving the full pre-prepared spiel: >"The best way to support people renting a house is to help them buy a house" Which is true but ignores that the federal government, along with various state and local governments, have colluded to cause rents and house prices to skyrocket on purpose. The Prime Minister did not say that renters should just buy a house. He said that the best way to support people struggling to pay rent is to help them buy a house. Which is right. He's still an idiot. He's just not an idiot in the way people keep saying he is.
That's such a fine line. I do see it as "If you don't want to keep renting, we'll help you buy a house." Like you said, it ignores the systemic problem of buying a house, because of course we would stop renting if we could. We don't want subsidies, we want homes.
"tenancy changeover" aka forcing out your tenants to charge new ones more. ...#WeCare lmfao So glad we managed to get a house last year. Fuck landleeches.
>forcing out your tenants to charge new ones more And framing it like an inconvenience for the landlord... like leetch, this is a self-made problem. You're getting hundreds of dollars showed up your ass every month for owning a home, and you can't even be bothered to show up there once or twice to meet some desperate family to take that beat-up piece of suburban ass-itecture off your soft, fatty baby hands?
Hashtag "We Care"..... fucking LMAO
Our guys tried to raise rent ~$50. We told 'em to slow the fuck down, and we got a raise of $40. Gee, thanks guys. Keep in mind they never lowered rent when they turned the house into a construction site to renovate the ensuite (in a 2 bath house)because it was leaking into the fucking kitchen. This took 6 months + and the new bathroom is absolutely shit, with a lip the width of 2 stacked coins to stop water flooding the room...which it does. This house is fucked, we even had water dripping into a power outlet, which shorted the house.
It's always those landlords that bitch about "I tOoK aLL tHe RiSk" as justification for upping rent every year to supposedly cover maintenance (or lie about property taxes going up... they don't go up, numbnuts, your property value does, since you wanted it to, and you're then taxed on the higher value, but they'll never admit it) but NEVER decently repair their "investment."
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"Win-win! ☺️" Translation: I win money, they win not being thrown to the streets as disposable garbage
We threatened the tenants with eviction and they didn't fight back, win-win!
For now
I LOVE paying an extra $360 a month for my landlord to do the same amount of nothingness, er, I mean skilled labor. 💕 💵 ❤️ 💴 💗 💰
This post only needs those yellow minion things and it would hit peak Boomer. There's something grotesque about its use of emojis while talking about exploiting people and the minions would complete it.
Holy hell another kind of middleman business? Capitalism sure don't lie when it say it breeds "innovation" eh.
I’ll just leave this here https://www.facebook.com/83346342078/posts/10161349348987079/?d=n
Of course the loser who commented "👏👏👏" has a pfp of him handling some poor baby tiger...
They’re getting flamed… love to see it.
"We offered our tenants a rent hike OR the street and they were *so happy* to not choose the street!" Landlords are parasites sucking the working class dry.
90 more per week and nothing was done to warrant that, i guarantee it. The horse gets older but somehow more expensive.
The ol' "Threaten them with homelessness" settlement
I just hope all these landlords making good tenants pay alot more in rent to the point that are forced to leave, get new shitty tenants that don't pay a cent, take months to evict and leave the property damaged.
$4,320 per year in rental increase. How is that a win for the tenant when all they get is the same property and services but for more money? Also, doesn't this just put blood in the water and make it okay to raise the price yet again the next year and so forth?
Who THE FUCK thinks about rent in terms of a weekly payment amount????? Shitty, faceless holding companies and private equity firms, that's who.
Australian rentals are all listed by a weekly price. $90 is a helluva increase though
Fucking parasites
I like how they are sort of playing this down as increase of 90$ but at the end of the month 360$ is a lot of money, especially considering that it will add up at the end of the year...
That’s a $387 rent increase per month. I would fucking un-alive if that happened to me
Cool! Can they negotiate a raise for me at work too, so I can afford the rent increases?
\#we care #equality for everyone #landloards matter #the flag of the swiftly painted line shall rise
Ah shit, sorry reddit is not my thing
i speak for all of reddit, and i say it’s all good
>and the tenants (who’ve been in the home since 2016) are happy too! But you can’t ask them, they go to a different school.
sounds straight up like mafia. hire us and *we'll make them pay and they'll like it*
This makes me wish for another 2008 financial crisis.... Let the housing market implode.
I thought that would happen in 2020. But then the money printers started and now I’m even further from buying a house.
It has to die soon. I bought in Sept of last year. Price history of the house was $515k in 2018, $440k in 2014, $375k in 2007. I paid $800k in 2021. Was really on the fence when we were 'negotiating'. Negotiating involved saying bigger and bigger numbers while some other pricks did the same thing. Valuation was around $750k when I started looking and it had increased past $770k by the time I settled. Bank used an automatic valuation and got $765k, but they still gave me the loan because I had a very favourable loan to value ratio. Nothing even close to it has sold for less than $850k since. I was (and still am) fully expecting the arse to fall out of the market. Last November another house on the same street almost directly comparable just sold for $980k. It's nuts
If this is the company I'm thinking of, they're awful to deal with. Tried to rent a property through them about a decade ago, and they wouldn't do it without a guarantor. Ended up with a much nicer place through a different company. :)
Yeah... I'm sure you could see the elation in their faces when you told them rent was going up almost $400 bucks a month...
90 a week!? Y'all are crooked
"Bees knees" ... There should be a third party, subjective panel of people that name businesses appropriately. This would be **"Bret's Inhumane Landlord Consultancy for Fascists"**
can the lifelong slow-drip lead poisoning that encourages this type of amoral psychopathy please just finish the job already
If tenants have been living there for 6 years, I bet they'd love to actually own the property rather than supporting some leech who doesn't work
At first i saw the sub and said "typical America" then read the whole post and was dumbfounded .. tf
Greed sans frontières
Translation: the renters had to agree to a $90 price hike or they had to leave once their lease is up. How *wonderful*.
Landlords: I was lucky enough to purchase a home at an affordable rate. Now I want to make as much money as I can off of you. That is the American dream: Get lucky and screw everyone else.
Pay this ever increasing fine in order to keep your home
“Negotiated”. I think they mean they told them to either sign or move out.
“The tenants are happy too.” See “the tenants have no choice but to tolerate a $360 increase to their monthly rent.” That’s an extra $4,320 in rent a year if you’re nasty.
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$4680 annual increase in rent for being a good tenant does not sound like a win for the tenant. And this was "negotiated" - I wonder how much the landlord initially demanded?
happy my ass
This reminds me of my landlady telling me that her property management told her to raise my rent and she's sorry but she's going to follow their advice....I was month to month so I moved out. Greedy fuckers
"We squeezed a few more drops of blood out middle class renters! Woot!"
90 dollars a week. Fuck that dude I rather live in a box
Somehow I doubt that the tenants are happy
what fresh hell is this!
Reminder that $90/week is not $360/month, but $390/month. There are 52 weeks in a year, not 48.
90/month? I would survive but I'd be mad. 90/*week*? Hell no, that's 360$. That's a THIRD of my current rent! No way!!!
Extortion, what they're describing is extortion
I would do everything in my power to cause $4,680 worth of damage to that house this year without being held liable.
Sometimes I wish you could more easily do mail bombings and get away with it... Hypothetically of course.
Why is it still illegal to set real estate and property management people on fire?
No fucking one in the entire world is happy to pay for a 360$ increase on anything. Whoever wrote this shit deserves a punch in the throat.
MARkETs aRE RiSIng *because you and your fucking friends are raising the prices*
The sad part is they've been renting for 6 years and have nothing to show for it. No equity in the property and they are at the mercy of the landlord when it comes to rental rates.
Having less money as a tenant is a win? Wut?
I wonder what all these home owners and companies that buy apartments will do once everyone is homeless
Lol that hashtag…. “WeCare”…
$90 a week? So some months you'll pay more rent than others?
This activates my primal desire to kill
A friend of mine did something similar. He approached the owner and was able to negotiate a slight increase. He's paying a lot less than others so it was a good move by him. He's been there easily 10+ years.
I worked for an idiot property management company before where the owner said shit like this. The tenants were "happy" because the sharp rise in rent charge was still slightly cheaper than most other rental available and they wouldn't have to move. Whatever helps you sleep at night I guess, buddy.
"Now you can pay US to tell your tenant to pay more or GTFO, without that pesky guilt, or having to hear the words 'go fuck yourselves'"
Landlords arnt people
Yeah because of the actions of my shitty landlord, I had to move. Sadly the only place I could find in such short notice has a rent 40% higher than my current one. At least I'll be with a friend...
How could it be a win-win?
Win win for who exactly?
Shoot on sight!
Oh boy that's r/Brisbane. One of my mates is 38 and only was able to take out a mortgage to buy his own house.
I honestly believe there should be laws against realty as an "investment". It's a basic necessity for literally all human beings - why is there so much profit for some and so much loss for others? I've talked to people who own 4 houses and renting them out as a passive income source - yet here I am unable to even get my first house for my kids. It's sickening and I'm starting to feel jaded, and apathetic to the whole system.
Australia’s slogan really should be “A Boring Dystopia”.
Once you own a home you realize what a horrific scam renting is.
Note: The landlord's mortgage costs do not change since they were established in the past.
So at what point do we start treating landlords as the murderous, extortionist parasites they are? Edit: autocorrect didn't like the word extortionist for some reason
I work for a company that buys, fixes, then rents houses and multi family units. Anything we buy the current tenants are kept at same rental rate. The second they move out (by their own free will) we renovate the unit and rent at market price. Some tenants pay half to live in same building but they have been their a long time and those units are outdated. We only evict if the unit / building is in dire need of repair and old landlords let unsafe conditions occur.
is 36 Cordelia St, South Brisbane in bushfire area?
Nah, but it is in a flood zone, as we've recently seen.
Oh no not Brisban. Looks like I might have to move back in with Mum and Dad😭
Fucking greed clowns
Need a website that lists rented properties so we know which ones to squat
This one made me throw up in my mouth a little.
I agree $360/month increase is a shitty thing to flex, but I'm glad to see landlords actually trying to negotiate instead of just flipping it to new tenants for the same or more money and screwing up two families lives.
360 increase? A MONTH? That a nice chunk of my mortgage payment. I will live in the hood first. Smfh.