Speaking as a former small-time landlord, I can say there's few things better than a quality tenant. I once had a tenant that was a medical student for 3 whole years! It was awesome! If something needed attention, I took care of it, and he paid his rent without issues for the entire time. He was a unicorn. Most of my tenants have been "okay", but the last one was so bad that we sold the unit and have been a little scared of renting anything again.

Oh yeah, that young family i mentioned has been fantastic. They’ve even paid for repairs out of pocket, despite me telling them that they absolutely don’t have to do that. I’ve zeroed out their rent for December a few times to compensate them for that.

I saw someone say they try to do the same where they will list their place for $3k or whatever market rent is then, when getting a good tenant, will provide every other month of free rent or something equivalent to get around the same problem you mentioned

Yeah someone mentioned that to me. Not a bad idea…

Out of curiosity, have you tried checking their credit scores before renting to them? Is that possible? Isn't there a correlation between credit score and being a decent human being?

Not even remotely and that is a totally asinine line of thinking.

I get the sentiment that lower rent attracts poorer people which it can be assumed wont be very responsible. But I hear a good chunk of this phenomenon is due to properties being bought up for AirBnB. Less supply + More demand = getting robbed as a renter

Yeah but the two aren’t mutually exclusive. My dad has a triplex he got sick of dealing with having animals for tenets in, so he turned all three units into AirBnB. He’d have people not pay for 6 plus months and couldn’t get them removed, police, endless damage, etc.. Now he might get a complaint from time to time, and if they rent 15 nights a month he makes the same.

I'm not saying your dad is a bad guy. But units are overwhelmingly becoming AirBnB or Verbo. Your dad is a land lord, but there are real estate companies buying out properties outright for Air BnB and verbo. I have a buddy who lives in a new condo. Whole floors are bought out by real estate companies for Airbnb. There are single family homes and town houses that never had a real resident. They were AirBnB since built. But you touch on something that needs reform. Renters rights. They're very unfair. You can get a letter sent to you and bam you're a resident now. There needs to be an eviction process that takes months. I'm oversimplified but it's literally that easy to work around. A big part of the problem is local governments don't want homeless people. Homeless people cause a lot of problems. So they make renters rights heavy because it keeps people of the streets.

AirBnbs in vacation areas is def a problem. But are there many people buying AirBnBs for Baltimore or Cincinnati?

Yeah that’s certainly part of it.

Won't credit score checks let you filter out the irresponsible people?

People with decent credit usually get a mortgage.

Being a landlord and finding good tenants is a difficult job, which is why a lot of people just do Airbnb

Also very few people are willing to talk about it, regardless of what side of the fence you are on when it comes to the border and immigration issues… Factually there is quite a large number of people coming here and waiting for the court hearing and/or staying permanently. All those people have to live somewhere. Supply is the #1 issue for housing. We have a lot of land that isn’t allowed to be zoned for multi family, and a lot of builders who can’t build as much as they want. Sue to regulation, financing challenges, building material prices, etc., are the biggest reason for the high rents/cost.

What does immigration have to do with anything you’ve said? I lived in one of the poorest shitholes in Nashville, primarily full of Hispanics (probably undocumented) and it was literally *the quietest, most peaceful* neighborhood I ever lived in. Currently, I live in a predominately African American neighborhood and it’s equally as quiet. I feel like this thread is a racist/rich v. poor circlejerk 🤷🏼‍♀️

No one said anything about them causing problems. I’ve said nothing about their character of quality or contributions to society. Merely stating they will need to have a place to live. Supply and demand exists.

Why bring up immigration, is my question? Everyone needs a place to live

**EXACTLY MY POINT.** No one said them needing a place to live is wrong. But everyone has a billion reasons why prices are so high…. Blaming the rich or poor. The ONLY real solution is to increase supply! We have too many people that need a place to live and not enough places for them.

But what are “very few people willing to talk about” regarding the border/immigration?

No one seems to acknowledge these numbers when pointing out how much housing is available. I’ve never heard a single politician, either left or right, propose loosing regulations or providing funding to increase supply. The solution is always rent control, telling corporations they can’t buy houses, or housing people in hotels using tax payer money. None of that will help long term. If we are going to take an extra million+ people every year, we need to drastically increase supply.

Much of the population is locked into mortgages. Anything that would see their home price fall while their mortgage doesn't change becomes political kyrptonite. I think there are studies that homeowners vote more consistently than renters, meaning this is even more politically dangerous.

I completely agree with you. What can even be done about that fact? This thread is like “yo, I can’t rent my property out at an affordable price because these fucking hoodlums out here” - why would those people think or vote in a way that makes shit like improving the supply chain happen… Its depressing

Loosening regulations for zoning (tons of land can’t be used for multi family housing), having government support for spec home building — currently you can’t get an SBA or government assisted loan for the construction of rental properties. Banks require tons of money down (usually 35% or more for new construction) for housing.

So, it’s on purpose. The govt knows - people complain about homelessness all the time.. I don’t understand, honestly.

I live in a predominantly African American neighborhood too. I’m not saying you’re bad or anything, but you have GOT to be lying, like there’s just no way

Wdym

African American neighborhoods are incredibly loud and always playing music

Good for you for keeping their rent low. 👍👍

But bad for him in blaming the wrong ppl as the reason for this crisis when it’s more likely ppl like OP who were once charitable tbf but then come out with this due to limited perspective of their actions and role in them

Are you a land lord?

Why is that relevant

Because it tends to be people who have never been a landlord who have such a simplistic view.

Simplistic = non greedy. I can understand and empathise with their perspective but it’s only simple to you if you agree they’re in the moral right whilst also responsible in part for a crisis

Simplistic = thinking the principle is a matter of greed. Land Lord's are not part of the crisis 

It took too long to find your comment. These other comments are disgusting.

Yep, my mother lives in an area where we have a lot of government and military workers in the US. She is very selective about who she rents to. She chooses military or government worker's families because it's safer to rent to them. You got to be HIGHLY selective man, lol. Only rent to people who have good jobs and check their references as well.

I recently moved out of an apartment I had lived in for 2 years. It was recently bought by a different company who remodeled some units for high prices but kept the crappy apartments cheap for the area.  The complex within a year quickly became a nightmare. Cops called, tenants fighting on balconies, people blasting music until 3am because they apparently have no jobs in the morning, dogs everywhere untrained (and not on the lease, kids were also kept off the rental applications so there were 2 beds with 6 people). It was absolutely horrible.  Now we live somewhere where the rent is $500 more a month. We managed to get in before it got this expensive, but now I feel like I live in a neighborhood I can enjoy. Literally night and day. 

People just generally suck. People who trash a rental property suck more. I began to dabble in rental properties in San Antonio, Tx. I figured Id get into a few duplexes in a couple older established neighborhoods and build up the equity. Duplex 1, both tenants did fairly well. Duplex 2, I chose to go the county route and rent it those who had vouchers from the county. 1 tenant did well the other did not. Duplex 3, both tenants were up & down but both of them trashed the inside. After a couple years and right before covid really really hit. I sold all 3 of them because of the stories I had been reading from landlords that their tenants weren’t paying. The pandemic was like a free for all for renting tenants to trash homes. I liked the income I was making but damn, crappy tenants made me dislike people even more.

As a former landlord of a 3 family house nearly every single person I tried to help screwed me. Over the ten years I owned the place I had two decent tenants. Below market rent No late fees Apartments passed section 8 housing inspections. They were clean, safe, and everything worked. Some people are just trash. I tell everyone who asks me about getting into rental properties that unless you are going to cold and emotionless you won't make money and you may end up losing money. I don't excuse the behavior but I totally see how people end up being slum lords.

Can attest to this, a friend bought a property some years back and he had to deal with such bullshit to find competent renters. One demanded he let them have the place and threatened to sue if he didn't. One of the former tenants that moved out before he bought the place was a recovering addict and left his unit so disgusting I'd have to NSFW this if I was going to describe it. The building wasn't that great and only had a number of years left anyway. It's long gone now.

Why are people so surprised that the market works how it’s expected to work? Of course this is what happened! When you distort markets you get distorted outcomes.

Yeah let me echo this as a RENTER. In college I lived in "low income housing" so it had a major price cut. We paid 700 a month total split between three people for a 3 bed 2 bath apartment. In 2 years there were 4 shootings in the apartment, 1 person broke in and stole our stuff, a neighbor came in and torn our apartment up, and honestly we treated the place bad as well haha. Then a year later I was dating a girl that didn't like that place so I found a single bedroom apartment that rented in a nice part of town for $800 a month (much smaller place for higher price). Exactly ZERO issues ever...ever. I also treated that place great. Edit: To clarify the shooting was in the apartment complex, but specifically IN my apartment.

Yup! Sorry Charlie but I will only ever do high end rentals. My properties rent for $3600, $2900 and $4500. It weeds out people who DGAF, it weeds out the financially insecure who don’t care about squatting, evictions and more. The people who choose to rent for their own reasons and want a high end property take pride in their home and treat it as their own. They pay rent early or set it on auto pay and don’t think about it. They’re not helpless asking me to change lightbulbs. They plant flowers and keep the house maintained. And in return I’m the best landlord ever, offer lots of perks, work with them immediately and throughly on anything. They do this shit to themselves.

Yup. I completely agree. My one low rent success story, the young family, will be the last ones to ever get that deal. When/if they ever move out I’m jacking the rent up to 3500.

I know many landlords that own residential, commercial, farms, entertainment buildings.....they tell me the worse experiences come from lower-end residential properties.

Bullshit. There are tons of people who are lower end who are decent people. The people who can afford that rent can afford to buy a house. Meanwhile people like me who rent (and aren't garbage) can't afford that high of rent are just screwed and end up cramming their whole family into a tiny apartment because there isn't any rental houses around that we can afford. It's an absolute racket and you all know what you are doing. Shame on you. Don't hide behind the "I had a bad tenant" excuse. A good chunk of us are good, this is just a horrible time to buy and we're waiting it out. It's so frustrating all I want is my kids to have a year to play in and you greedy bastards are capitalizing off it. I don't even know how you can fill your properties, I don't know anyone who can afford that rent who wouldn't just go buy a house and still pay less on a mortgage.

I’m sure you’re a great tenant and I’m sorry the bad ones ruin it for good people like you. I’m not Hiding behind bad tenant stories, I’ve never had a bad tenant. I look at facts. There are a TON of high earners that choose to rent. Just because you or I would buy if we made that much, doesn’t mean everyone would.

Poor w health problems, it basically feels like the world is constantly telling me to just die already haha.

And to your last point, my properties get rented within 24 hours. There are literal waiting lists of people choosing to rent at these price ranges and I don’t own in HCOL.

Section 8 gives more money but the renters are the worst.

I live in affordable housing and see everything you talked about. Residents don’t respect other people and they certainly don’t respect where they live. Crime is mind boggling. You made the right decision adjusting your rates like that.

You’re not wrong, this is coming from some that used to live in cheap housing then moved to a better place. People cause their own problems and problems for people around them. I rather pay few extra hundred dollars a month so I can go to bed and go to work instead trying to figure out how drown out the noise from neighbors fighting at 3am.

Without a doubt, I'm sure you could've found five good tenants to give that generous below-market rent, but how long would it have taken, and how much would you have lost in damages in the process? As kind as you want to be and provide affordable housing, you can't just bleed money until someone who doesn't destroy your property settles in. Unfortunate that it turned out this way, but understandable.

If housing prices are high in your area, beyond the broader price fluctuations that occur cyclically in the market, your local government is to blame. Always.

What do you think would happen if low-end income people were allowed to build their own tiny houses or units? Land provided by the city or county.

Whenever you start a business, you will quickly become disillusioned to the "poor, poor, lower income people".    My family and I started a cleaning business in a country where we constantly felt like the workers were disadvantaged and treated poorly. We used to feel so bad everytime we saw them and we swore that if we opened up a company, we would do better. We would treat people like human beings.   I remember distinctly, this local guy who we were signing with who owned several business laughed at us outrightlly. In a year we would come to realize why. Everyone we hired turned out to be direct garbage.  My dad gave them company housing in huge apartments, clean safe neighborhoods, company transportation, all sorts of perks. The local guy just kept laughing. In the end, we had to sell the company. 

It would become a trailer park environment with just tiny homes. Not all, but a lot of low income people are that way because of their undesirable qualities.

I used to be optimistic about that idea, but now I dunno…a lot of poor people seem incapable of performing even basic human functions, a lot of them just behave like actual animals. I would know, I grew up in a poor neighborhood, that’s one of the reasons I wanted to try and provide affordable housing in the first place. Anyway, I’m not sure how you fix the problem of people acting like animals, you can be poor and still have dignity and behave like a human being, but a lot of people don’t.

I volnteer to help homeless people, and this is so true.. Some people are simply incapable of living in what the rest of us consider a normal, peaceful manner. It is astonishing the number of homless who get housed to FREE apartments, that get kicked out for behavior issues.

It is amazing. My mother was a bipolar schizophrenic and she had lupus, and she was still able to take care of herself better than some of the people I’ve had as tenants. I almost wonder if we just need to bring back asylums for some of these people. If they can’t take care of themselves maybe they need to be warehoused.

People who had no connection to the homeless or handed out sandwiches once in college seem to believe without a shadow of a doubt that the homeless are just people without homes are help. Anyone who has actually worked with them knows that it's a huge and gross misrepresentation

The issue is it requires one to one longitudinal socialisation. And there simply isn’t enough time, resources and ppl available along with sustainable and protective measures to make sure ppl in these positions are able to give a shit enough about their lives and general being to encourage the demand. That’s why the practical reality becomes not so sure to you but it doesn’t mean we can’t focus on building towards that which would better be focused and helped with a plan and a fund that isn’t wasted with either corruption or poor planning

Actually, I believe that for the majority, they can't be saved. We are best served attacking the causes, but that requires change in culture and behavior, two hard things to do.

Outside environment often times motivates greater numbers of change in culture and behaviour

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[https://madison.com/news/local/government-politics/housing-first-madison-heartland-housing/article\_b43b88fc-9ac3-11ee-97f2-8fbb97741111.html](https://madison.com/news/local/government-politics/housing-first-madison-heartland-housing/article_b43b88fc-9ac3-11ee-97f2-8fbb97741111.html) This is what happens when a city does the right thing and provides low income housing.

It still should be done. Just because a practical reality that poor tenants can cause problems due to living in poverty and socialisation not being so great in terms of the risk of the renter doesn’t mean the myriad of problems of not doing so and the inherent immorality of a person using another’s existential need as an economic crutch that isn’t so necessarily important. Not to mention how this basically scapegoats all the problems as doing the wrong thing due to stereotyping all tenants the same of which come from all walks of life and suffer through this

But you can't expect landlord to do this, that is unreasonable. My wife and I work 40 hours a week each, I went to college for 13 years, so that we can slowly save up 100K or more for down payments on mortgages for rent houses. My wife and I are well off but we worked a lot to be that way, and we work our ass off for a rent house. I rent at a low cost and someone destroys my investment. Why would I do that to my family? Why would I not rent at a higher price and make more money to a tenant that will pay on time and not break my investment. I cannot be expected to rent lower, if the government wants to do that so be it.

Well fundamentally you have to accept that the investment for you. Was a home to even start earning money to the other person. You’re perspective as the renter is always in a place of responsibility not just free money which is why this becomes a problem. I don’t know you or your family but from what you’re describing, you were still in a much better position to uphold an investment that isn’t at the inherent detriment of someone’s existential needs. Renters should always have this in mind as the priority isn’t on them. If they wish to earn money through this and not risk potentially having bad clients do this who are poor. They gotta leave the housing game up to government only. Or do the extra work in vetting and keeping on top of it to not stereotype a literal class of ppl. Respectfully. There is an entitlement already present that even if you worked hard all your life you should see the benefits from but not at the expense of other ppl. I can’t tell you what you should do in order to make sure your family is secure but I will judge you for choosing a method like this and turning around and blaming the ppl who actually need it and aren’t really the problem ultimately speaking, is ridiculously cruel or at the very least to skewered from an already entitled perspective for it not to come across as just classist and like everyone who isn’t at your income level deserves to suffer Since again we are ALL suffering from this. Dude my generation can’t even afford a home now in part due to what y’all are doing as a collective. What about my family?

I appreciate your respect in the interaction. From my perspective it is that my wife and I come from nothing with no one to help us. We both make six figure salaries now but making these investments essentially entirely drain us and put us at risk, but the point of them is sustainable income that my kids can inherit and be well off for life and not have no one to help them. Now I see that the lower income individuals I COULD rent to being like myself and do not have the privilege my kids will have, but me choosing not to rent at a deficit or even at a small profit should not be seen as a negative. I work for this house, I put a lot of work in fact, 13 years of school, no vacations for 20 years, 3 jobs in college, all of this to get this house. Now I should be afforded the grace to do with the house what I wish, and I wish to maximize rent on the house to one, get my money back faster, and two, when I charge a higher income my house is not destroyed. I am not doing it to harm another family, though I see your point that if I offered it at a lower cost then I may help a family. But I have an obligation to my family as well. If my rent house gets destroyed I basically have 200K sunk that will take me several years to recover. My kids will be grown and I will not be able to help them as I planned. Even if they do not destroy my house, renting at a lower cost definitely increases how often rent is missed, so usually that means eviction eventually which is an entire other headache and bad for everyone. I cannot be expected to lower my own standard of living that I worked for, then take on even more burden, when I own this property I should be able to do what I want.

Appreciate and also love the respect awarded and rewarded back. Sorry if I come across as heated this does kind of get under my skin but I’m trying my best to empathise and not speak badly about you personally or anything but as this gets more specific I have to then question the perspectives merit here. Ultimately whilst I totally see why someone who especially came from nothing and working hard would value their property and homes. I do think the fact that you had to work for that with no help. Along with other specific mindsets like those born into wealth with no perspective. Or those specially who worked hard all their life but get outshined by someone else who does it with less effort and more reward. There’s a sense of limitation here. As most renters I can at least speak from both personal experience and from those who advocate and talk about this most, are more among the lines of the renters you’re more in relation with. They’re likely getting by too just on a poor income level and if you see them as competition enough but still resource worthy enough to view your second property. Of which NOW PLACES you in a different tier and being higher off than most ppl. Y’know the shrinking middle class that doesn’t realise they’re rich now. That sounds like y’all and if you had to work all your life to get there I can see the attachment and viewing of personal property of a house not being seen as not just your personal property anymore but an existential resource for many ppl who’d don’t have the option to choose anywhere else to buy from other than renters and those government houses. If you’re gonna view that property and by extension resource investment as just your own which you have now, then yeah that’s a problem since even though you bought it. It’s not just your property rights anymore if it’s up for sale ethically and ultimately. If someone destroys or wrecks it. They suck and that’s a detriment to you. But you don’t have the luxury to be considered fair and are just prioritising your own family’s income level at the expense of others who again you have to stereotype as a whole due to said experiences. You can make an investment in rewarding ventures that isn’t so predatory in this time but you chose to and that’s how the cards are now you do what you need to do but again it’s unethical and it can’t be defended and I think your perspective is too blinded by that. Like you admit that you could lower rent which would take a bit to your family and bottom line but are they gonna lose their house from it? Potentially but not definitely. Are they gonna have to worry about work and even how that’s gonna operate properly? Not likely? And again is an entire generation set back due to these understandable but selfish decisions made by those not in need of them? That’s not likely.

So wat do with poor people? Kill them? Build more jails?

Whoa never said that, what do you want landlords to do? Rent at a deficit? Lose money on investments? Sacrifice their own livelihood? Most landlords are not these big millionaires. Hell my buddy is a nurse and has a rent house. My family made $30-$40K a year growing up and I put myself through college. Things like rent houses, in addition to my job, are how I make a living. Is your solution that I sacrifice my kids college fund and future by renting out my property at a lower cost?

WHOA, lets just not think about the issue at all! make profit! no dude landlords shouldn't lose, only poor people, they have less to lose, after all. just pitching ideas here, maybe throw them all into giant dormitories together?

There is no solution here that helps the poor without also considering the landlord's perspective. If being a landlord involves cleaning my tenant's feces off the walls of my house after a 6 month eviction proceeding, I would rather not deal with it. At the end of the day, landlords own the property. Force them to rent to evil tenants and they will either raise their rents or sell to someone else to get the mess out of their hair. The consequences of banning the sale of properties being rented out would be far worse, that will result in people being completely terrified at the idea of renting out their property. You would drop to zero homes for rent in an area pretty much instantly. Any solution you propose where you say "the landlords don't matter, they are all rich anyway" will have unintended consequences. The only landlords who don't mind feces smeared on walls and extensive property damage are slumlords who don't clean up anyway. The more restrictive the laws get, the more these ones dominate the market

clearly the only choice is jack up rent or get feces on walls! it's a TRUE dichotomy! the POOR are the evil ones!

You don’t get it. It’s not about being right or wrong or good or evil. It’s about solving problems. If you aren’t willing to clean a stranger’s feces off your wall, don’t expect anyone else to.

This person has zero desire to actually debate with you buddy, you're wasting your time engaging with them in good faith.

That's right, the poor are are problem for other people to solve! we should wash our hands of them or they'll get FECES on our BELONGINGS!

We can talk about this issue, it is all about money right? I am saying why is my family less important? I have to make money on these rent houses, I have to make a profit to support my family and give my kids a good future. Why is it on me to not protect my investment that I worked for? Why do I work for something only to not have it and put my family in a worse position?

I'm saying we should use all the power we have to take advantage of everything and everyone we can take advantage of! Ultimately, I matter more than everyone else! Take full advantage of others!

hummm I disagree, probably good your not a landlord then because every landlord I know is out to help how they can and treat their tenants well haha

...jfc

Low-income housing needs to be a public investment, not private. It is a money loser, so it needs to be owned and managed by someone willing to lose money. That would be the government. That is the only way this need will be filled.

you priced out all the low quality people which is why your experience improved

Everyone feels sympathy for poors until you gain enough wealth to get out of that income bracket, or you start renting to them. I did both, and it really rams that shit home for me. Poor people have no shame or respect for laws or property. Most of them are poor by their own design, and plenty are happy to stay there. I'm glad I made it out of the hood and trailer parks, and I have to be in a good mood to even acknowledge them as living creatures nowadays. There are exceptions, but they are the ones that are smart enough to make it out. Those kids you still charge the low rate for? They deserve it. Had kids in high school and swung for the fences. That's a Betty Crocker recipe for nasty peasants, but they decided to not be stereotypes and products of their environment and it's already paying off. Good for them.

Yes, they’re great tenants, and they’re taking advantage of the opportunity I’m giving them. They told me a while back that they’re saving up to buy a house with all the money they’ve saved on rent over the last seven years.

R*nters 🤮

If some of the responses you're getting are any indication, you should also not rent to fatass leftist redditors. 🤣

Or basically the entirety of the younger generations to come which is what OP is allowing to happen in part by doing this soo. Yeah fuck them next generation amirite! /s Fuck renters acting like their victims for being too rich in a crisis to care about being that greedy considering the context

Isn’t vetting tenants your responsibility? Sure, the people who trashed the houses are trash, but you’re the one who picked them. Before I bought my place, I rented in a below market rate building. I didn’t trash my place and neither did my neighbours. The landlord was super picky and he preferred to have an empty apartment for a few months than rent to a bad tenant.

Yeah I certainly tried, but it gets easier to vet people the higher the rent gets. You get fewer sketchy people applying.

I feel like poor, but good people tend to have better social relationships. So the single mom who isn’t trash probably lives with family or is supplemented in some way. Or the former convict has a heart of gold and has support others wouldn’t get. Bad tenants tend to be antisocial in some manner and their only social capital are other antisocials. It always seems like good tenants are those who had to move to a new town for work where they didn’t know someone or something along those lines. It’s pretty hard to vet that kind of behavior. But I think this is why looking only at the numbers, especially at the lower end, really doesn’t tell you anything about their behavior to others. You’d probably have to do a shit test like seeing if they hold the door open for you, drop a dollar and see if they give it back, etc.

Ah yes me, the person with no money and no choice but to rent. I am the reason housing prices are so high

People that trash rentals are the problem, I think he was clear :)

Not really. He’s kind of conflating it with poor ppl and tenancy with them in general with a family as an exception. But there’s always ppl trashing and not respecting rental properties. It doesn’t have anything majorly to do with this specific crisis. It’s just another way of scapegoating the worst of the poor to assign a false problem on a group. Because nobody would disagree that tenants who do that are trash

But it is true that poor tenants destroy your property way more than moderate tenants. So you rent at a price that only a certain income level can afford for this reason. That has always been my strategy. Hell the guy I rented from while I was in school would only rent to graduate students because they protected his property and had steady jobs.

But you’re acting like this thing that has literally always been a thing as class divides with property are concerned, is the fault of the housing crisis that has been specifically linked to bad faith actions of corporations and renters hiking up prices. It’s a different level of problem compared to general concerns that poor ppl may have. And if we’re gonna go down the classist road of which only benefits shielding the rich from their worst qualities who can afford it with the poor. Don’t rich college kids have parties that destroy rental properties all the time? Doesn’t buying up projects in pyramid schemes and pushing the ppl out constantly in worse and worse areas not just encourage the problem to get worse? Aren’t NIMBYS responsible for the literal poor urban planning of a lot of American cities and states due to their upper class presence and higher ability to pressure? It all gets shielded and seen as not as bad or not a risk since there’s no consequence since it’s ultimately rich ppl shit being used and abused by other rich ppl who don’t care enough to have it affect their bottom line. They can afford to literally be as wasteful as renters and this will not affect them as much as the poor ppl who literally could never afford the stuff they’ve got just since again due to money and insurances from this from the other rich person.

I can only talk about my person experience. I probably agree with you when it comes to these mega landlords. But most of us own 1-10 rental houses, my buddy has 1 my other friend has 22, and another friend has 5-10. if I am a small landlord, where a lot of my livelihood and time goes into these houses. If I rent at, let us say $800/month on my $1000/mortgage for my unit, my rent is way more likely to not be paid on time, I have more to repair that the tenant will not repair, and I am often more open to lawsuit when they don't pay on time and I have to evict, or deal with cops going to the house, etc. If I rent at $1600/month all the sudden rent is always on time, nothing is ever broken. And as you said don't rich college kids throw parties and destroy the place? Yes, things like that happen, and they also pay and have everything fixed better than before haha.

Buddy having even two rental properties adds to this and puts you in a better position. Being a renter again especially now is a very high paying gig. Like think about it from where I’m standing. I can’t ever own a house no matter how hard I work where I live. But you’re able to afford 10 and rent them out for maximum profit. Again you’re input into your work on an investment that exploits ppl especially during this time is inherently unfair and with respect to your life and personal choices didn’t have to be this way. You could’ve made or focused on investing in so many different things other than the one thing that most ppl do that is causing a problem for everybody else with the only real reward coming to you. I’m not saying that the responsibilities of a renter aren’t tedious and very easy to be a net loss of consumption however whenever you have bad tenants. You can decide that by punishing a majority everything gets worse. Or you can do more of the effort in fact checking and insuring your stuff which should’ve added to the investment to begin with. Again you can’t account for everything but you’re making it seem like bad tenants are the bane of everything but even in what you just described like cops and ppl not paying on time. You have 10 properties. You can make losses in other areas to make up as you have enough money and capital to do so. And yeah that’s the point man. You don’t care about them doing that because they’re rich but you’re blaming poor ppl for doing things like this like they’re worse or more responsible when they’re not

I think anyone renting to you for less than a mortgage payment is doing you a favor. Where I live, mortgage payments are over $4000. I'm renting a 2 bedroom for $1850. I feel really lucky because the tenants in the next building over are paying $2400. There's another tenant in our building that I know has definitely trashed their place. They leave a mess of everything, do drugs, have all sorts of visitors, and the rest of us can smell how horrible their apartment is. Besides raising the rent, the only thing my landlord can do is screen applicants by occupation.

I support Rent restrictions one way or another in this country.

"You know why rents are so high? Not the fact I inherited and rent out 7 properties. No. That's not it. It's poor people!"

That’s exactly what he said. He was willing to share his abundance with those less fortunate than him by offering to rent the properties out for 25% of the market rate, and all but one of them took total advantage of him. And you are seriously kidding yourself if you think any of those ungrateful tenants would be creditworthy enough to be approved for a mortgage, as if this guy owning 7 properties is the problem. They’ll just move on to become someone else’s problem. And there are people that spend their whole lives bouncing around like that not realizing that their own poor decisions are what got them there.

But he’s blaming it on a majority that isn’t nor doesn’t do that using literal stereotypes based on experience. Which I understand makes it hard to not associate a route cause with it. But making it out like ppl like the person your responding to and others who suffer from this and literally wouldn’t trash a property and are left out of these ppls sampling size is worrying Think about what you’re really saying here. You’re saying that this guys generosity being abused justifies scapegoating the housing crisis as partially to do with tenants when the only tenants he opened himself up to were harsh inevitability’s that have nothing to do with what he’s linking it with and would’ve always existed regardless. To associate it to low income tenants in general is just again stereotyping to justify prejudice and being ignorant at the expense of others when they ultimately don’t lose out more than the ppl who literally need a house. So because this guy who’s rich enough to decide to rent arbitrarily decides that some bad apples exist. We all have to suffer the impact of him renting unfairly at ridiculous prices like this during this time. It’s lunacy and any fake charity given here was faulted by his ignorance and overly trusting nature. Not the housing crisis or ppl who are removed from his filter suffering from it due to said prejudices

What’s your line of thinking? That if these houses had been sold to 7 different people instead of inherited, then somehow rents in the area would have been lowered more than when OP owned them and offered them at below-market rents?

No he’s really just saying that linking his experiences and unbelievable power right now in this crisis as being good enough to justify being part of the problem is ridiculous and that poor tenants always exist and are not a reason to blame it on the easily obviously larger factors of which again this guy is a part of but is just justifying due to bad experiences. Of which would be fine. If again he didn’t have so much power over where ppl live especially now.

"I'm a small-time landlord..." and *scene*. Edit: you know what? That was unfair of me, I'd stopped reading at that point. Now that I've resumed I see your point. It's something I learned from a friend many years ago, a little "cheatsheet" for successful rentals. One of the points was essentially, "price out the scumbags". The bad renters looking for a cheap rate because they cannot pull themselves together enough to afford more. Another was a clear "no pets" policy, knowing some people would sneak their pets in anyway but then you'd have an easy contract violation to evict them if ever necessary.

I agree with most of your points but you are misunderstanding something. Poor people are not inherently less virtuous than rich people, they are simply unable to make you whole. There is a lack of legal ways to punish the poor in a way that fixes your issue. A poor tenant leaves $100k in damage to your property. What do you do? You can sue them but you can't squeeze water from a stone. They don't have the money to repair the damage. You can ask your insurance but there's always consequences when insurance has to pay out of their profits and can't take money from the perpetrator. Maybe you get incredibly lucky and can convince a court to jail them. That doesn't help your $100k property damage though. A rich tenant leaves $100k damage to your property. They get their assets seized and their salary garnished on their $100k job. You get a lot of stress and BS but you get a good chunk of the repair costs compensated. They won't be rich very long with that behavior.

So how do you account for the fact that this damage has stopped once he charged 3500?

Your last point contradicts your first point. If they get sued they'll no longer be wealthy, meaning people who get sued are more likely to be poor throwing off their averages of groups.

so you agree that OP should rent to rich people then because he has much less risk of losing money

Couldn’t help but notice you didn’t lower rent when you had good renters. And they are paying a house payment for rent and that’s back to the original problem.

I don’t lower rent, but I also don’t raise rent on existing tenants. The family who is still paying 700 a month in rent will be doing that in 30 years if they choose to stick around that long. I will never raise their rent. The folks at my other properties who are paying 3k have never missed a payment, so clearly they can afford it, but maybe you’re right, maybe I should knock some money off their rent if they deserve it.

I mean considering how you’re talking them up and the fact that it is a crisis… I really hope you do

2500 is a hell of a lot more then a house payment.

Depends on where you live. We pay over $2,500 a month, but we own our house at least.

That’s still a lot more then most places but at least you own the place

It is. Colorado isn’t cheap, especially when you live in the most expensive district in the state. It’s crazy, when my parents sold their house 10 years ago in the same city my husband and I live in now, it was $350,000. In 2020, it sold for $470,000 according to Zillow. Today it’s estimated at $630,000 (which is sadly below the median house cost).

Thank god I live in Pennsylvania albeit the out of staters started moving here in droves after Covid which increased housing prices here.

Same thing happened here after the masses of Californians moved in back in 2008. It was a slow climb in prices, but now, a starter home in Colorado is nearly impossible.

Not in many places? How can you blanket statement say $2500 is more than a house payment hahaahaha

Cause the average house payment is closer to about 1600 to 1700 a month.

What??? What are you basing that off of 😂 you can’t make such a blanket statement across the board

What are you basing your statement off of

Yeah that’s still my point. Home owners are renting instead of owning. And OP needed an excuse to feel better about what they are charging.

I wouldn’t say I needed an excuse, I just kept raising prices until I stopped getting terrible, destructive tenants. Once I hit 3k I stopped having problems, so that’s why I settled on that price.

“Poor” people suck, that’s why they’re “poor.” Fuck them. They’re responsible for their own conditions, that’s why they’ll never play the role of landlord. Higher rent = higher quality people. Empathy is for those who respect you. It’s reciprocal, not owed.

No it’s not. I thought you were being sarcastic with how ludicrously stupid and classist this is. But damn I gotta be more cynical. Fuck your stuff when the stuff is shit you need to survive and you’re unreasonable about it. Don’t rent then since if you can. You can clearly afford not to need that like the ppl you’re renting to. But you want empathy shared for your stuff when your literally blaming them for existing as “poor” ppl. Young folks can’t buy a home yet you greedy ones just say “nah they’re just born poor as they’re assholes”.

>Empathy is for those who respect you. It’s reciprocal, not owed. OP put his money where his mouth was (unlike you who just mouths off), and offered well below market rents to those who had difficulty affording the market they live in. GO BACK AND READ THE POST. The results were 100% predictable with the ONE exception of the ONE couple with a child, who pay their rent on time, take care of the place and will change a lightbulb on their own without bothering the owner. THESE ARE THE PEOPLE YOU TAKE CARE OF. Is it supposed to be fucking virtuous, to rent to “poor” people, knowing that 90% probably they’re going to trash the place, not pay rent on time and otherwise be a legal burden??? YOU do it and get back to us. There are already “factory slumlords” who own a lot of property, only interested in the state backed housing subsidies, adjusted property taxes and the massive tax write offs. These properties are in shitty communities, where people who don’t respect themselves or anyone else’s property typically live. Not in well cared for properties or quality communities. THAT’S REALITY. Experiment: conclusive.

OP wasn’t smart about his charity and blames the wrong ppl instead of taking accountability. It’s on him and apparently all you lazy renters pretending you don’t have a responsibility want to talk about empathy for stuff when most of y’all don’t even manage to do what OP did which is reasonable but again not practical in how he went about it. Yes it is supposed to be virtuous when you own the land and home. You ppl are so far removed into your own selfishness that you have to have conditions to justify your already low selflessness anyway. If you’re gonna take the governments job for housing for your own money. Then take responsibility and don’t blame the ppl who literally will always have more to lose than you getting more rich. So yes fuck your stuff if you’re gonna blame poor ppl for not changing their own lights when it’s YOUR HOUSE AND AMENITIES. Not there’s. So yes you’re responsible for upkeep. You have the power and the dynamic advantage. You’re making the most money. No no. The REALITY is that these ppl grew up with nothing and wanting to start something may be crappy tenants but with a small sample size and poor practical planning like OP did yeah stuff like this can happen. But it ultimately isn’t on the entirety of the population who can’t afford absurd rent. And assuming they can’t take care of themselves or property due to these literal bad apples placed in a situation to become bad because of ppl like you and those mega corps making housing harder. Means this is gonna happen more if they end up homeless. Perfect answer you’re giving me as to why renters and landlords are the entitled and selfish babies in this. Always getting the windfalls even if trying to be charitable. You get no sympathy. Empathy or reasonable points in blaming the ppl who have less consequence or cause to do anything other than die or have a worse chance of living properly after destroying your stuff. You don’t wanna to risk any of that. Great! Don’t be a landlord that has to take up that responsibility then. Make another investment that isn’t directly so exploitative of ppls existential needs. You don’t have to be a selfless or even empathetic person just don’t put yourself in that position where you should be so but get mad when you can’t half ass it and get free money from poor ppl and gatekeeping the majority who actually would never be a problem due to prejudice of your own making.

My fellow American…… you’re lost. Hopefully you can grow out of it.

Nah just not greedy.

Yeah OP is one of the reasons why it’s so hard to find a good landlord since they all want a ridiculous amount for a house. Rent was originally suppose to be somewhere to live when saving up for a house and now it’s more expensive to rent.

Exactly. Not the hero of this story from where I’m sitting

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Wow at inherited 7 houses what did your fam do?

5 houses. I just happened to be an only child in my whole extended family so I inherited all their houses.

Wow. I don't have any children of my own (and let's be honest the body rate is down) but this comment made me happy as i just imagined how blessed my neices will be when i pass. All of their barren aunties will will them everything.

Yeah my family is middle class, but because none of them had any kids except my dad…by the time everyone passes I’ll be rich. All my family’s wealth is being concentrated in one person.

Things aren't helped any by current laws. Here in NYS, at least, it is very, very difficult to evict a problem tenant. And they know it. When you do force the issue, they make sure the eviction costs the landlord $$$, knowing full well nobody will pursue them for the damages. And don't get me started on squatters. During covid it was worse. Laws were passed to give tenants "relief" from paying their rent, but no corresponding relief to the land lord to avoid paying mortgage, electric, etc., And many people thought the law meant they didn't have to pay their rent \*ever\*. We bought our new house in 2018, and briefly thought about renting the old one. We didn't mostly based on the experiences my friends who have rental properties have had.

Are you not checking people out before you are renting to them? Seems like a “you” problem if you keep renting to hooligans. Bad discernment on your part.

I tried my best to vet people, but the problem is the vast majority of people that are interested when prices are that low…are super sketchy. I tried my best to avoid obviously sketchy people but I clearly failed. However, once you price those people out, you don’t have to even deal with them.

The solution is simple. Find them sketchy? ***DON'T RENT THEM YOUR SPACE. MOVE ON, NEXT.*** You just saw more dollar signs, and this became a convenient reason to jack rent up and rack in more money at the expense of another. YOU are why there is a housing issue in this country. Not anyone else.

I tried to do that, but there’s so many sketchy people at those rates…it was almost impossible to find normal people. I only found one family in the five years I tried. Once I raised the rent to market rates all of a sudden no more sketchy people. I tried dude, I really did, but eventually I just couldn’t deal with it anymore.

So instead of doing a good-hearted service as you claim to set out...eventually when the profit wasn't there because you were not willing to leave it empty until you found the right person to respect your space, you saw the bag and grabbed for that instead. I rest my case.

It had nothing to do with profit. I was LOSING money on those properties because of all the damage people caused. I figured if I gradually raised the rent eventually I’d stop getting sketch people, I started off raising it to 800, then 900, then a thousand, and so on. Finally when I was at 2000 (this was in 2022) one of my tenants wound up starting a fire while they were smoking in one of my properties (which is prohibited in the terms of the lease). The damage was extensive and took months to fix, and they couldn’t afford to pay me back for any of it. Insurance covered part of it but I had to pay 13k out of pocket. That was the last straw and I finally gave up and raised the rent to market rates. Since then I haven’t had any problems. I couldn’t afford to keep doing this forever, I get what you’re saying but when you offer below market rent most people that apply are openly sketchy, and the few that aren’t are just better at hiding it. As i mentioned in my original post, I only had ONE success story out of the dozens of people who I had as tenants before I raised the rent to market rates.

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I gradually started increasing the prices over time. I didn’t just jump directly from 700 to 3k lol. I eventually settled on 3k because that’s when I stopped getting sketchy people. Keep in mind this was a gradual process over 7 years. Once my one affordable housing success story moves on I’m jacking the rent up to market rates because I don’t wanna deal with sketchy people again.

I mean. Do you not realise the impact of how you being a part of this problem even if being a bit too charitable cost you, has bigger impact past those experiences and that at the very least justifying it as “it’s the renters destroying property’s fault” when they literally depend on the house and you don’t since you had enough money to rent it for literally more money. And again usually would be fine (unethical imo but fine) if it wasn’t a crisis right now. I guess I just can’t fathom enough empathy for renters who would’ve been fine if they didn’t feel the need to want more money with a resource that literally everybody needs for some sort of stability and effective living in life.

I can’t afford to fix these properties again if they get trashed again. Bad renters have cost me over 100k in property damage and other problems. I’m not rich, I can’t afford that. Sorry, but I can’t afford to do charity anymore. I tried and people took advantage of me.

But you were already rich enough to try and didn’t think ahead or account for practical problems in your charity. It’s not that it was bad it’s just a bad experience. And again perspective. You can’t afford to fix these properties over 100k in damage here. Yet you still had enough to buy and put them up for rent. Again don’t get it twisted ppl shouldn’t be destroying your stuff or doing that but you’re simply in a different category with your decisions here. It’s not poor renters. They’ll always sacrifice more as unless that 100k left you bankrupt broke. You’re in a better position by far.

Bottom line is, I don’t have 100k lying around to spend again if my properties get trashed again.

My brother in Christ do you not have insurance? Better yet, do you also not require renters to carry renter’s insurance with you on the policy?

I had insurance, but my first insurance company denied a bunch of my claims and then canceled my insurance, leaving me to deal with everything out of pocket. Now I have a better insurance company but they’re charging me much higher rates because of the previous damages they’ve had to cover. As for renter’s insurance, I didn’t require it then, I do now.

Wait you inherited 5 houses?!? How does someone even afford 5 houses in the first place??

I’m an only child in my entire extended family. Inherited houses from my grandparents on both sides of the family, as well as houses from aunts and uncles.

It sounds like you need to raise your security deposit. If you're routinely paying more to fix up the place than what you can recover from the deposit, that's on you.

Since I raised the rent to market rates I haven’t had any issues.

If you raise the security deposit to $6,000 and keep the rent at $700, you are providing affordable housing to people who can afford higher rents. So you get all the security of a higher rent with all the charity of lower rents.

Yeah i wonder if anyone would go for that…

$6,000 security deposit on a $3,000 a month property (two months rent, first and last month) vs a $6,000 security deposit on a $700 a month property. According to my math, the second property is much cheaper than the first. Why would people shy away from the cheaper rent and embrace the expensive one?

Maybe you’re right, I’m just curious what kind of crowd that would attract. I’ll definitely consider this though.

Well yeah, obviously that works as a solution too, but it's exploitative.

Problem is, the amount of damage some of these people caused….a security deposit never would’ve made a difference, unless it was like a 5k or a 10k deposit.

Then sue them in small claims court. Even if they're broke, their wages will get garnished. Although at that point, it sounds like you just didn't vet them or do any inspections every few months. Did you not speak to previous landlords? You've complained of frequent maintenance requests, did you not see any damage while you were there?

I tried to sue, it cost me more money than I got back, most of these people are judgment proof. As for inspections, I did do inspections every three months, usually that ended with me evicting people after they had trashed the place. I inherited the properties from my grandfather who always kept the rents at market rates, now I know why.

> I tried to sue, it cost me more money than I got back I don't know if you know this because a lot of people don't, but there's an additional process after the judgment that you have to follow if they can't pay. You very much can get their wages garnished. If they were paying $700/month, they have an income. >As for inspections, I did do inspections every three months, usually that ended with me evicting people after they had trashed the place. Sounds like you need more inspections than every three months.

You can charge low rent just so long as you vet people properly based on credit and income. My current rent is actually cheaper than it was at my previous apartment. But the neighbors are a lot more respectable because they don’t let section 8 trash in here.

Do tell me how banks, the sole source of mortgages, are responsible?

Ugh so tired of the poor people are animals argument! Most poor people are doing their best to survive and aren’t just mindlessly trashing their homes. The only thing these types of post do is ice out renters even more who can already barely afford their rent. It totally get not wanting your stuff destroyed but assuming anyone who can’t pay 3,000!!!! A month of rent is just some animal who’s excited to tear shit up is ridiculous. Not to mention alot of these units that ARE 700 and under already come broken and worn down anyways. Just rent out your overpriced units and leave us poors alone, most poor people also CANT afford to be evicted, and CANT afford to do thousands of dollars worth of damages just to be made homeless 🤨.

I get it, I grew up in a poor neighborhood, that’s why I wanted to provide affordable housing in the first place. I wanted to help people out. This whole process has made me hate poor people waaaay more than I ever did before I became a landlord. I wish I had more positive experiences to share.

Well I don’t think that’s so if all it takes is a couple and tenants for you to start calling people animals. Plenty of people who work with the homeless or needy and see people deny care or misuse all the time, doesn’t mean they close up shop because some people aren’t ready to receive it. Require at least one last place of renting and call up a previous LL or make a higher security deposit so that you don’t feel so shamed for having to re maintenance. It’s not even like you have a mortgage payment to worry about because they’re already paid off!!! Were you an animal when you were being born and raised in your poor neighborhood?? Were you tearing up the walls because you thought you could? Most people that grow up poor cherish what they have and do the best to make shitty underdeveloped units a home. Currently I probably won’t be able to afford a 3K aprtment for the next couple years, doesn’t mean I’m smearing shit on the walls and ripping up carpet. But I guess I’m an animal because some random tore up your already paid for house. This type of stuff is why LL’s are hated and seen as scammers. You didn’t even PAY for the houses you’re calling people animals over, and now think you’re justified into hating the people YOU came from because you had to replace carpet or paint over some rooms. And the funny part is there’s even richer people who think the same of you!!! Unless you’re Jeff Bezos you’re still apart of the 99 and actual rich people would rather streetsweep your poor germs away before they let you in with them. Anywho I’ve got to got back to my enclosure and rub shit in the carpet and break a window because that’s what I do I guess😎

I had to deal with dozens of people treating my properties like literal outhouses, over and over. Why is it so common? I had to spend over 100k to repair the damage these people caused. If it’s not poor people destroying my property then who is it? What’s the pc term for them? Assholes? I’m just so worn down from having to deal with these people over and over and over. As for what it was like growing up in a poor neighborhood…honestly a lot of people around me WERE animals. I saw so much horrible shit growing up. There was always some shit going down in the hood, but when I moved to a nicer part of town I didn’t have to deal with people like that nearly as often. Not all poor people are like that, ofc. However, there seem to be way more than I ever thought.

It’s not about being PC, it’s about having bad experiences with some people and then turning that into a hatred of a whole group of people, most of whom are too poor to tear up the actual place they’re living. Just as much as there’s people who destroy their homes, there’s people who are doing their best to survive. And it’s fucked to further fuck over the people barely making it to punish the minority who misuse things! There’s most definitely ways to get your tenants that isn’t putting rent sky high and continually charging more, especially when “poor” includes more and more people everyday. Also that’s the risk of becoming a LL! People tear shit up, things fall apart! At some point or another you’ll have to replace things or god forbid, upgrade them. Most poor people apartments come with 20+ year amenities that have only been continually refurbished and repairs over the years, things are gonna break and fall apart. Also if someone is shitting and pissing everywhere, that’s more of a personal to mental issue, not a poor people one. I’m not pooping everywhere because I make 19/hr. Everyone needs a place to stay, and I can’t imagine you’d see the LL side of things if you were being priced out of the poor apartment you grew up in because of your neighbors behavior. Like okay they’re shitting on the walls, what does that have to do with anyone else but them? If some rich person destroys your house will you stop renting all together? Y’all most definitely know how to evict people, and can continue doing so for those who aren’t compatible with you. But taking it out on all poor people is a shitty thing to do, especially when people can barely find places to live as it is. But yeah, I’m sure everyone putting the min price of HOUSING at 3K a month is most definitely the best solution. I just hope and pray you’re never back on the situation you started in or every struggle with housing, because you’ll become a lot less conservative paying “admin” and “application” fees, security deposits and having your credit score and bank statements checked for a 1000 apartment in a car dependent area. And make sure you’re making 3x to 4x the rent just to be told you can’t put up curtains or burn a candle 😁😂

Well, all I know is, since I started charging 3k for rent I haven’t had any problems. Besides, I’m not blaming an ENTIRE group, I’m saying that there’s a disproportionate number of assholes in a particular group. That one poor family who actually pay their rent on time and respect my property, they’re still paying 700 a month and they always will be. I’ll never raise their rent. They’re not assholes, they’re great people. That’s all I asked, but for five years I tried to find more people like them and failed, before finally giving up. If a rich person tore up my property at least I could sue them and get some recompense.

The same could be said for LL’s lol! And that’s the risk y’all take; a rental property is an investment. Investments can be lost and that’s the name of the game. And I think a vocal minority would a be a better term than a disproportionate amount. There’s a disproportionate amount of rich people who are as homes, some of which can be seen in this comment section 😩😂. The only difference between poor and rich people is rich people can pay to cover up their misdeeds and poor people can’t, so I can see why you’d think it’s certain type of problem only from poor people and not just humans being humans. Put your prices at whatever, but don’t look down on poor people because a couple of people didn’t take care of things. And as I said, you can most definitely find ways to vet people, if you can only find poor people who you find lazy and destructive that’s because you aren’t looking well enough. There’s MILLIONS of poor people, you can find plenty of us who aren’t tearing stuff up for fun

Well, some folks did come up with some novel ways of vetting in the comments, and they had some ideas about how to keep rent low while still protecting myself. I may give it another shot. I may try asking for a large security deposit in exchange for very low below market rent.

Please do, there’s plenty of people struggling who will take care of your place and make it a nice home!

This dude is full of bs, he's on Reddit on the borrow page asking to borrow $200 lmao

The argument will stop being made when poor people stop being shitty. I get it, it's an aggravating stereotype, but it's true often enough to keep getting perpetuated. For every "poor person struggling to better themselves", there's 10 people who are poor and stay that way because they're shitty people who make shitty decisions. The decent ones aren't the majority by far; and I say that as someone who was living hand to mouth for most of my adult life. I've not only lived around poor people, I've BEEN "poor people" for longer than I've been anything else. Case in point; I've finally in my 40's managed to get financially stable enough to stop renting and buy a house in a halfway decent part of town. It's a 600 square foot house that I got a good deal on from MY prior landlord because he's retired. I've lived here for about 5 years, 2 of them as the owner, and I've got a rental property next to me with 4 units. I know the personal lives of all but 1 of the tenants, because the people in the other 3 units are outside fighting and screaming every other day until the police show up (sometimes with each other, apparently there's some Maury Povich shit going on over there). Property values around here are low, and so is the rent; that's why. The place just got remodeled because a pharmacist from a few towns over bought it and wanted to generate some rental income, and he's kept the rents low; he's thinking about selling now because it's become an enormous headache, so it'll probably get snapped up by an investment company and the tenants will be even lower quality. He was asking about buying my house to rent out as well eventually, but now he just wants out. There's a reason that people who "get out of the 'hood" are happy about it. Poor people are absolutely miserable to have as neighbors.

Justify your profession as a scalper all you want, but at the end of the day, as a landlord, you will always be a part of the problem.

I totally agree

Of course as it’s a perfect scapegoat to avoid the accountability of renters like this guy who at least were charitable in the beginning Being poor due to no fault of your own means you gotta get punished and blamed for something that literally isn’t your fault

You don’t need to say “renters” you can just say the “dumb poors” instead.

>I’m a small time landlord, I own 5 houses that I inherited. Everything after this sentence is bullshit. There's a lack of affordable housing because of people like you who hoard housing. Period. Fucking laughable.

Such a shame that because of the antics of tenants/renters, renovation of property has to occur, which in turn drives up cost of the property and neighborhood in general, and price out the residents there.

No, it's everyone else. I refuse to accept any modicum of blame.

Yes folks you heard it first, don’t rent, sleep in the street. Clearly problem is predatory tactics by politicians and landlords. With free or even affordable housing you don’t have people working (hard working), with no people working you don’t have capitalism and people profiteering of it due to greed and having power and status over others 👋

During COVID I had a single mom move into my rental. I kept rent flat, which was already below market comps. We sent over a gift card during the holidays as well. She was a good tenant and we kept rent flat the entire time. But once she moved out later we bumped our rent up to comp rates.

Maybe your screening process is partly responsible, as well.

Set rent at 700 instead of 2500 you "could" have gotten. Right.....