Roe vs Wade Overturned

[Vol8188]

Great anecdote yet completely irrelevant to the question posed. The problem with many of the posts on here is the ignore a significant part of the population. There is and will always be a bottom, the "least of these" if you will. There are also those who don't want 2 jobs and hours of commute just to make ends meet. I considered turning down a recent job offer with 40% raise and stock for similar reasons. At a certain point life has to have more meaning

I’m not sure that anyone actually wants two jobs. The ability to make the decision to turn down a 40% raise is one you have to earn.

You seem to be arguing that the poor can make it but “it’s hard”. I’m not seeing how that’s a valid argument. In most of the world it’s far harder and the standard of living is far less.

 

[utvolpj]

I’m not sure that anyone actually wants two jobs. The ability to make the decision to turn down a 40% raise is one you have to earn.

You seem to be arguing that the poor can make it but “it’s hard”. I’m not seeing how that’s a valid argument. In most of the world it’s far harder and the standard of living is far less.

It's hard and many are trying to make it almost impossible. They're actively working against the poor instead of helping with those bootstraps

 

[InVOLuntary]

It could be easier. As a LL I would provide low income housing for:
- Exemption on property taxes
- exemption on cap gains tax for the property
- dollar for dollar credit against rental income on my taxes.
- a modest monthly stipend from the municipality.
- access to zero interest lending for Reno, expansion, and new development.

Add in reimbursement for tenant damage. As a landlord, it's more expensive to rent to low income folks, generally than higher income folks. Whichever income folks you have a higher rate of evictions which are costly, it usually takes 3 months to have them removed. They'll typically damage the property in retaliation for the eviction. Covid made this 10X worse due to the eviction moratorium. I've had to increase my rent and I can justify every penny of it.

 

[Majors]

Great anecdote yet completely irrelevant to the question posed. The problem with many of the posts on here is the ignore a significant part of the population. There is and will always be a bottom, the "least of these" if you will. There are also those who don't want 2 jobs and hours of commute just to make ends meet. I considered turning down a recent job offer with 40% raise and stock for similar reasons. At a certain point life has to have more meaning

Not irrelevant. One will be able to afford to live where they choose and one will stay at home until it clicks or they save enough at another job.

 

[McDad]

It's been a while since I was in the meetings but I do know many tax incentives and even matching dev funds were offered. Still not lucrative enough for most

The devil is in the details. Once the loss of rents is balanced (or incentivized) by the local government, the affordable housing issue can be curtailed.

Be aware though, it will never be "solved" because some people cannot be good tenants.

 

[Vol8188]

It's hard and many are trying to make it almost impossible. They're actively working against the poor instead of helping with those bootstraps

Who and how

 

[Majors]

It's hard and many are trying to make it almost impossible. They're actively working against the poor instead of helping with those bootstraps

That’s the Sanders rhetoric to make those believe they cannot help themselves. A minimum wage job is not meant to be a career. It’s a starting point that many confuse as a career.

 

[Majors]

Add in reimbursement for tenant damage. As a landlord, it's more expensive to rent to low income folks, generally than higher income folks. Whichever income folks you have a higher rate of evictions which are costly, it usually takes 3 months to have them removed. They'll typically damage the property in retaliation for the eviction. Covid made this 10X worse due to the eviction moratorium. I've had to increase my rent and I can justify every penny of it.

Another example of how Covid conveniently changed the world. Eviction moratorium doesn’t happen if a manufactured virus isn’t released during an election year.

 

[Vol8188]

Another example of how Covid conveniently changed the world. Eviction moratorium doesn’t happen if a manufactured virus isn’t released during an election year.

If you tell x% of people they don’t have to pay rent, the people who do pay their rent are the ones who end up paying for them.

 

[utvolpj]

That’s the Sanders rhetoric to make those believe they cannot help themselves. A minimum wage job is not meant to be a career. It’s a starting point that many confuse as a career.

No it's simply reality and I've said nothing about min wage

 

[utvolpj]

Who and how

Couple years ago we were regularly meeting with a local candidate about affordable housing. Going as far as sharing info on targeted sites and things like that. She even made it an issue in speeches, town halls, etc. so we thought there was an ally. Gets elected and will no longer even take our calls. Fast forward a bit and she's at a groundbreaking at the same site with a large multi-family developer taking credit for that deal. They were higher end units and out of the reach of her constituents

I've also sat in the audience and watched matching funds get revoked once they realized it cost some of their pet projects. That was a fun meeting since they took no public comments and ducked out during a break.

I've actually tried to do these things and have seen how hard it is and how people fight against it. It's discouraging sometimes and makes me wonder what's the point.

 

[Forever151]

I always love a good rent argument . I pay 1045 dollars for rent in a apartment in fountain city that used to be low income . So I know first hand how the rent market is not working how it was intended . Also to the people that say get a roommate . Most apartments I looked at REFUSED to allow roommates . The truth is at this point it’s not possible to even move out of your parents house at 18 .

 

[InVOLuntary]

As a landlord I've got a question for folks thinking property owners are greedy price gougers.

I own a small 4 unit, one bedroom apartment building. How much rent should I charge:

Property taxes per unit are about $1000/year. Insurance is approximately $1000/ year. It cost about $3000 to turn over an apartment for new renters painting/repairs/cleaning. You typically lose about 2 weeks rent getting the apartment ready. Exterior maintenance, mowing, landscaping etc.. is about $200/month. I don't have a mortgage but that would be somewhere in the neighborhood of $2000/month. This doesn't take into account that you have to, on average totally gut and remodel one unit every 3-4 years at a cost of $30,000-40,000 (doing one now). Add in probably 1 out 10 have to be evicted for non-payment of rent. It's usually 2 months before you start the eviction process and then it takes 2-3 months for the eviction to go through the courts. Meanwhile the tenant quits paying his utilities and they dont cut them off but put them back in the landlord's name so your paying their utilities too unit you can get them out.

How much should that 1 bedroom apartment go for?

 

[Forever151]

As a landlord I've got a question for folks thinking property owners are greedy price gougers.

I own a small 4 unit, one bedroom apartment building. How much rent should I charge:

Property taxes per unit are about $1000/year. Insurance is approximately $1000/ year. It cost about $3000 to turn over an apartment for new renters painting/repairs/cleaning. You typically lose about 2 weeks rent getting the apartment ready. Exterior maintenance, mowing, landscaping etc.. is about $200/month. I don't have a mortgage but that would be somewhere in the neighborhood of $2000/month. This doesn't take into account that you have to, on average totally gut and remodel one unit every 3-4 years at a cost of $30,000-40,000 (doing one now). Add in probably 1 out 10 have to be evicted for non-payment of rent. It's usually 2 months before you start the eviction process and then it takes 2-3 months for the eviction to go through the courts. Meanwhile the tenant quits paying his utilities and they dont cut them off but put them back in the landlord's name so your paying their utilities too unit you can get them out.

How much should that 1 bedroom apartment go for?

I’m not here to answer this but I personally believe the best property owners I have had are one man operations … Also the worst I ever had where one man operations

 

[Majors]

No it's simply reality and I've said nothing about min wage

Reality is you can change the path. You don’t like your current situation, change it. You don’t like how much you make, find another job that pays better, get a trade, cut cable/phone, take on roommate, get a weekend job. If you continue to stay in the same situation without exhausting other areas to help better yourself then that’s on the person. Definition of insanity is doing the same thing over and over expecting change.

 

[Forever151]

Reality is you can change the path. You don’t like your current situation, change it. You don’t like how much you make, find another job that pays better, get a trade, cut cable/phone, take on roommate, get a weekend job. If you continue to stay in the same situation without exhausting other areas to help better yourself then that’s on the person. Definition of insanity is doing the same thing over and over expecting change.

I don’t understand how people keep pushing change your job but then complain when it takes 10 mins for a two men operation at McDonald’s to make your food .

 

[Vol8188]

I always love a good rent argument . I pay 1045 dollars for rent in a apartment in fountain city that used to be low income . So I know first hand how the rent market is not working how it was intended . Also to the people that say get a roommate . Most apartments I looked at REFUSED to allow roommates . The truth is at this point it’s not possible to even move out of your parents house at 18 .

why would we encourage an 18 year old to move out and live alone?

 

[Vol8188]

I don’t understand how people keep pushing change your job but then complain when it takes 10 mins for a two men operation at McDonald’s to make your food .

That’s simple. Not all jobs are going to earn a large income. Especially unskilled jobs. If you are in one, you need to either learn a skill or work your way up the food chain (pun intended). If you’re incapable of doing either, you need to work more hours

 

[Majors]

I always love a good rent argument . I pay 1045 dollars for rent in a apartment in fountain city that used to be low income . So I know first hand how the rent market is not working how it was intended . Also to the people that say get a roommate . Most apartments I looked at REFUSED to allow roommates . The truth is at this point it’s not possible to even move out of your parents house at 18 .

It’s not supposed to be easy to move out at 18. Recent graduates don’t occupy the housing/rental market. They occupy college seats or trade school to get ready for the next phase.

 

[Majors]

I don’t understand how people keep pushing change your job but then complain when it takes 10 mins for a two men operation at McDonald’s to make your food .

It’s a fast food restaurant not a steakhouse. A consumer has the right to go elsewhere if service is down much like the two man crew has the right to stay or look for better. A 17 year old kid making $10 at McDonalds should view the 30 year old making the same and say this isn’t the life I want at 30. Life lesson to help change the path of the younger one.

 

[McDad]

As a landlord I've got a question for folks thinking property owners are greedy price gougers.

I own a small 4 unit, one bedroom apartment building. How much rent should I charge:

Property taxes per unit are about $1000/year. Insurance is approximately $1000/ year. It cost about $3000 to turn over an apartment for new renters painting/repairs/cleaning. You typically lose about 2 weeks rent getting the apartment ready. Exterior maintenance, mowing, landscaping etc.. is about $200/month. I don't have a mortgage but that would be somewhere in the neighborhood of $2000/month. This doesn't take into account that you have to, on average totally gut and remodel one unit every 3-4 years at a cost of $30,000-40,000 (doing one now). Add in probably 1 out 10 have to be evicted for non-payment of rent. It's usually 2 months before you start the eviction process and then it takes 2-3 months for the eviction to go through the courts. Meanwhile the tenant quits paying his utilities and they dont cut them off but put them back in the landlord's name so your paying their utilities too unit you can get them out.

How much should that 1 bedroom apartment go for?

Your questions will go unanswered. These realities move the discussion from the abstract to the concrete.

 

[McDad]

Couple years ago we were regularly meeting with a local candidate about affordable housing. Going as far as sharing info on targeted sites and things like that. She even made it an issue in speeches, town halls, etc. so we thought there was an ally. Gets elected and will no longer even take our calls. Fast forward a bit and she's at a groundbreaking at the same site with a large multi-family developer taking credit for that deal. They were higher end units and out of the reach of her constituents

I've also sat in the audience and watched matching funds get revoked once they realized it cost some of their pet projects. That was a fun meeting since they took no public comments and ducked out during a break.

I've actually tried to do these things and have seen how hard it is and how people fight against it. It's discouraging sometimes and makes me wonder what's the point.

Politicians. Are. The. Worst. Lifeform.

 

[whodeycin85]

As a landlord I've got a question for folks thinking property owners are greedy price gougers.

I own a small 4 unit, one bedroom apartment building. How much rent should I charge:

Property taxes per unit are about $1000/year. Insurance is approximately $1000/ year. It cost about $3000 to turn over an apartment for new renters painting/repairs/cleaning. You typically lose about 2 weeks rent getting the apartment ready. Exterior maintenance, mowing, landscaping etc.. is about $200/month. I don't have a mortgage but that would be somewhere in the neighborhood of $2000/month. This doesn't take into account that you have to, on average totally gut and remodel one unit every 3-4 years at a cost of $30,000-40,000 (doing one now). Add in probably 1 out 10 have to be evicted for non-payment of rent. It's usually 2 months before you start the eviction process and then it takes 2-3 months for the eviction to go through the courts. Meanwhile the tenant quits paying his utilities and they dont cut them off but put them back in the landlord's name so your paying their utilities too unit you can get them out.

How much should that 1 bedroom apartment go for?

If all landlord treated thier property the way you described, that'd be great and would get less push back...unfortunately many don't...it's all about respecting other property snd many renters don't because they feel they are paying for it and can do what they want....

 

[hog88]

As a landlord I've got a question for folks thinking property owners are greedy price gougers.

I own a small 4 unit, one bedroom apartment building. How much rent should I charge:

Property taxes per unit are about $1000/year. Insurance is approximately $1000/ year. It cost about $3000 to turn over an apartment for new renters painting/repairs/cleaning. You typically lose about 2 weeks rent getting the apartment ready. Exterior maintenance, mowing, landscaping etc.. is about $200/month. I don't have a mortgage but that would be somewhere in the neighborhood of $2000/month. This doesn't take into account that you have to, on average totally gut and remodel one unit every 3-4 years at a cost of $30,000-40,000 (doing one now). Add in probably 1 out 10 have to be evicted for non-payment of rent. It's usually 2 months before you start the eviction process and then it takes 2-3 months for the eviction to go through the courts. Meanwhile the tenant quits paying his utilities and they dont cut them off but put them back in the landlord's name so your paying their utilities too unit you can get them out.

How much should that 1 bedroom apartment go for?

After the wife gets done making samiches for the lake I might get her involved in this conversation. She and her partners have 8-9k units of mostly all low income apartment complexes. It hurts my head listing to her talk about them and all the CPM terms they use.

 

[volfanhill]

As a landlord I've got a question for folks thinking property owners are greedy price gougers.

I own a small 4 unit, one bedroom apartment building. How much rent should I charge:

Property taxes per unit are about $1000/year. Insurance is approximately $1000/ year. It cost about $3000 to turn over an apartment for new renters painting/repairs/cleaning. You typically lose about 2 weeks rent getting the apartment ready. Exterior maintenance, mowing, landscaping etc.. is about $200/month. I don't have a mortgage but that would be somewhere in the neighborhood of $2000/month. This doesn't take into account that you have to, on average totally gut and remodel one unit every 3-4 years at a cost of $30,000-40,000 (doing one now). Add in probably 1 out 10 have to be evicted for non-payment of rent. It's usually 2 months before you start the eviction process and then it takes 2-3 months for the eviction to go through the courts. Meanwhile the tenant quits paying his utilities and they dont cut them off but put them back in the landlord's name so your paying their utilities too unit you can get them out.

How much should that 1 bedroom apartment go for?

For however much you can get