 
     |
| Eviction Moratorium Unconstitutional (Page 3/4) |
|
williegoat
|
FEB 27, 09:26 PM
|
|
That is one of the big issues I have with all of the regulatory agencies. As part of the executive branch, they both write and enforce the regulations. So much for checks and balances.
In some cases, they no longer require a public comment period, no Notice of Proposed Rulemaking. They just publish the new rule in the Federal Register along with an effective date.
In an audit, they tell you to provide evidence against yourself and then they decide how big your fine will be. Just like the IRS, if the IRS wrote all of the tax laws themselves.[This message has been edited by williegoat (edited 02-27-2021).]
|
|
|
|
randye
|
FEB 28, 12:07 AM
|
|
A lease / rental agreement is a legal civil contract.
Anytime the federal or state government interferes in a legal civil contract, outside of litigation or new legislation, it is manifestly unlawful.
A disturbingly large number of unlawful things are being done by federal and state governments under the guise of the panic-demic.
|
|
|
|
sourmash
|
FEB 28, 12:11 AM
|
|
|
|
|
randye
|
FEB 28, 12:39 AM
|
|
| quote | Originally posted by sourmash:
Gonna be a lot of fires. |
|
That might have been an expectation after during the foreclosure crisis after 2008 but nothing like that ever happened.
I don't know what the delinquency rate for rental properties is right now but I suspect that it is only slightly higher than the mortgage delinquency percentage during the foreclosure crisis. There is a distinct possibility that the percentage may even be lower than the mortgage foreclosure rate was.
One thing is certain though. The same leftists that constantly whine that "(free) health care is a right" will also whine about how free housing is also somehow "a right".[This message has been edited by randye (edited 02-28-2021).]
|
|
|
|
82-T/A [At Work]
|
FEB 28, 09:25 AM
|
|
|
I have a rental, and have no intention of raising my rate because my tenant has paid consistently without failure. There are times he annoys the hell out of me... but at the end of the day, the house is well maintained, and he's never late. Or... I should say he's consistently late by 3 days, every month... lol, but I always get it on the 3rd, every month, without fail... so not really late in my book.
|
|
|
|
blackrams
|
FEB 28, 01:32 PM
|
|
| quote | Originally posted by 82-T/A [At Work]:
I have a rental, and have no intention of raising my rate because my tenant has paid consistently without failure. There are times he annoys the hell out of me... but at the end of the day, the house is well maintained, and he's never late. Or... I should say he's consistently late by 3 days, every month... lol, but I always get it on the 3rd, every month, without fail... so not really late in my book. |
|
I'm considering buying the home who's property butts up next to mine in the near future. That home has about 5 acres that is next to me that I'd like to own anyway, don't really care about the home and yard. Not initially for rental purposes but, to move my elderly mom into. She's very limited in what she can do and lives in KS. Not an idea situation so, if I can get this bought (and that's a big if), I'll move her in and that way she'll be close for me to help as needed. Eventually, that home could become a rental but, I'm leery of doing that. Not everyone gets a good renter that will take care of a property and pay their rent as the contract stipulates.
I know this, should such a situation as is currently in effect happen while I was making payments on that home and the renters refuse to pay their agreed rent, I'd be in real trouble.
Rams[This message has been edited by blackrams (edited 02-28-2021).]
|
|
|
|
sourmash
|
MAR 01, 09:47 AM
|
|
Can you buy rental income insurance on residential property? You can on commercial.
Being a residential landlord seems like a big hassle and risky. Commercial tenants probably wouldn't be that bad, except in a lockdown environment where businesses get shuttered by govt.
|
|
|
|
maryjane
|
MAR 01, 11:30 AM
|
|
Many people that rent/lease out residential property do so via a professional 3rd party manager. Some charge a % (about 10% average around here of gross receipts while others charge a flat rate) to screen applicants, collect rent, take care of inspection and maintenance problems.
No hassles for the owner but at an income cost.
My deceased brother's beach house on Bolivar Peninsula is rented out on most weekends when his family isn't using it and his wife seems happy with the arrangement.
I am considering leasing my current property out when I move and would probably go that route since I'll be living 8 hrs away and don't want to be making frequent trips back here to take care of problems.[This message has been edited by maryjane (edited 03-01-2021).]
|
|
|
|
FriendGregory
|
MAR 01, 06:34 PM
|
|
| quote | Originally posted by blackrams:
I can't give you a number but, I know of several (three) landlords that will soon be losing their investments due to lack of payment.
They can't make their payments to the loaning institutions due to not being able to enforce their rental contracts. This judgement is way too late to save many.
Yeah, I feel bad for the renter's that lost their jobs due to the Pandemic and had to make some hard decisions. But, I also know of one family that actually made more than their usual pay during the government payout period of COVID due to the increased unemployment benefits and still didn't pay their rent. They (or he) actually bragged about making more money to me. 
Rams
|
|
They need to check this.
A “payment deferral” allows borrowers to resume making their regular mortgage payments when a forbearance ends. The missed payments are added to the end of the loan term. So, the borrowers don’t have to pay the skipped amounts in a lump sum, in a repayment plan, or through a loan modification immediately after the forbearance is over.
https://www.nolo.com/legal-...20the%20forbearance% 20is%20over.
|
|
|
|
blackrams
|
MAR 01, 11:09 PM
|
|
| quote | Originally posted by FriendGregory:
They need to check this.
A “payment deferral” allows borrowers to resume making their regular mortgage payments when a forbearance ends. The missed payments are added to the end of the loan term. So, the borrowers don’t have to pay the skipped amounts in a lump sum, in a repayment plan, or through a loan modification immediately after the forbearance is over.
[URL=https://www.nolo.com/legal-encyclopedia/getting-a-payment-deferral-after-a-covid-19-forbearance.html#:~:text=A%20%E2%80%9Cpayment%20deferral%E2%80%9D%20allows%20borrowers%20to%20resume%20making,loan%20modification%20immediately%20after%20the%20forbear ance%]https://www.nolo.com/legal-...20the%20forbearance%[/URL] 20is%20over.
|
|
Appreciate that feedback and I'll pass it along. 2 of the 3 have a lawyer involved trying to work out the details, don't really know more than that. There's some things that you just don't ask about, this really isn't any of my business, what I know or think I know is what they've told me, I haven't asked. Thanks. 
Rams
|
|
|
|