The ‘’capacity’’ costs money. Who is going to pay for it? One third of my retirement is 3 rental houses. How do I pay my bills if my tenants can’t pay me?
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Need answers to these before I respond. Total rent from the 3 units? Monthly income after prop taxes? Are mortages paid off? Do you use a prop mgmt co or self-manage?
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That is all irrelevant. I would loose income is the bottom line.
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It's wholely relevant to your financial situation & your options. Rent income of $3000/mo means you live on $9k a month. Mortages paid off or not relates to your option to sell & pocket the proceeds. Use of PM co indicates that you do little but take in rent.
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Prop tax will indicate the wealth in the area of your rentals & the likelihood of finding a homebuyer should you choose to sell (at above-market rates right now). I understand why you don't want to answer these questions.
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Again I say, all irrelevant. The sum of all those things affect my income. My income goes down. How hard is that to comprehend?
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Well, then don't ask me how you'll pay your bills if you won't provide the relevant numbers for me to work from. Sorry you're living on only $6k/mo. Enjoy the eviction process!
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I asked a rhetorical question.
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How can the richest nation in history, full of the best people on the planet, the most devout worshippers in religion, the optimal legal system, the fairest amd most productive economy, ever allow any of its citizens to sleep on the street?
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I agree but if you hurt the landlords you are adding to the problem. The people were given stimulus checks but they did not pay anything to their landlords because they knew they could not be evicted.
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How many months rent does $1,400 cover for one of your units? Have your tenants received the fed assistance that was allocated to them or were they, like millions of others, left behind by our govts? msn.com/en-us/news/politics/…

12:26 AM · Aug 28, 2021

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For every tenant who has a serious problem there are 3 tenants who are just trying to milk the system. If you have ever been a landlord you would know that. Life is hard and we have to make decisions some people are hurt.
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As long as it's not you who gets hurt, right? Yes, I was a landlord of 2 props for 13 yrs. My mother-in-law owns 5 w/ 24 units for the last 40 yrs & has only 1 eviction to file next month. If you'd answered any of my questions, you might've realized I know what I'm talking about
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