14 of my 22 tenants are refusing to pay rent. I still have to make mortgage payments. This isn’t right...

14 of my 22 tenants are refusing to pay rent. I still have to make mortgage payments. This isn’t right. I am a human being that worked hard and bought rental properties so I could comfortably retire and tend to my passions. Now I could potentially lose my life’s work because of slackers who live hand to mouth and refuse to have emergency funds like responsible members of society. I have a family to feed to, why shouldn’t I get paid? Why should I subsidise other people’s shelter from my own pocket? When are property owners getting OUR bailout? It's NOT fair

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kill yourself pig

You went into business and didn't hedge your risks adequately. Whatever. Welcome to capitalism. It has both an up side and a down side.

Falling for obvious bait but if it's not bait I hope you lose everything you leech shouldn't you have savings for your properties practice what you preach.

free market bitch cry more

Fuck you filthy troll I hope you lose your die on the streets

Well, don't you have savings? Or are you just an hypocrite, no different like the people you call idiots?

Burn the rentals down for insurance money. Fuck the free loading pieces of shit renting from you.

Maybe you should have bought less rental properties.
Maybe you should have paid off a mortgage or two before buying more properties.
Maybe you deserve all the shit that comes your way.

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You are getting $1200 so that will cover the money you need, plus your renters will pay you back when they get their $1200.

now shut up

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I love the total blatant and blind hypocrisy in this post.

Cut electricity and water.

My man, this is America, the rich always win in the end.

>When are property owners getting OUR bailout
Free market capitalism means private profits and private losses... not private profits and socialized losses.

youtube.com/watch?v=RY0R0NpIdQQ

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> could potentially lose my life’s work because of slackers who live hand to mouth and refuse to have emergency funds like responsible members of society

Honestly man, watch your mouth. You’re saying this as if your tenants should’ve had some sort of savings account, created in expectance of a global pandemic that’s become serious enough to potentially cause massive recession. This is affecting everybody, and if you trust your tenants as being honourable and decent people, they’re probably just as worried as you are about losing everything. And they’re probably working just as hard to figure out their situation surrounding rent payments.

And if you’re rental properties are fucking slums, what the fuck could you expect? You’d be the idiot that made the decision to rent to fucking bums in the first place

Socialism at work, Enjoy it

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/thread

If you tenants don't have to pay your rent why should you. Unlike you, the banks are rich and can afford a missed mortgage payment. Trickle up poorness

Actually a really good idea. Put pressure on the tenants at first that you need their rent enough that there are arguments and bad blood, then start a fire in your office or somewhere which would look like one of your tenants started it.

Tenants possessions all destroyed by fire, you collect insurance money.

This will hit everyone in some way. We all need to accept to fall short to ensure survival. Rents won't get paid, may need to eat plain foods. All except for me who owns his home outright and has a high paying government job so I won't loose my home or lifestyle. I also have my new gf move in for quarantine and she has no gag reflex. I hope you all die.

>I am a human being

I doubt that very much.

I have enough emergency funds to cover five maybe six tenants not paying their rent but 14? 14! Why should I wipe out MY savings over this? Landlords are entitled to a larger check for EACH MONTH of the shutdown.

Where is your emergency fund you fucking shit head

>Landlords are entitled

>whinging "capitalist" detected
Get Fucked

eat a dick landlord pig

Know how I know you're lying.

Rich fags are too good for this filth.

Go eat a dick.

I cummed on the screen.

Ty.

Now fuck off and DIE boomer

>Why should I wipe out MY savings over this
Because they're YOUR properties which YOU rented out.
>Landlords are entitled to a larger check for EACH MONTH of the shutdown.
You're not entitled to shit. You're only entitled to owning land and do what you want with it. That's it. Quit your bitching.

If not a troll talk to your lender. They will work with you right now. If this ever ends, sell the rentals. Depenmoney.l on renters is not a good way to make money.

Get fucked rich boi

Get fucked, parasitic scum. You'll get what you deserve soon enough. It's already starting and you can't stop it.

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Fucking landlord pig. The only thing the PRC didn’t fuck up was purging your kind.

/thread

I side with the landlord and so does the state/system.. people may be getting a free pass at the moment but they are going to have to pay sooner or later and then that debt is going to be crazy oh boy lol

Faggot OP detected

Actually no sorry to burst your bubble poorfag, I just hate losers without money

rent seeker

Kek, I have no sympathy for you.

pay the mortgage, i'm not gonna wait all day.

LOL

Not OP, but without landlords there are no rental properties. If you dont want a landlord buy a house.

Have some fucking empathy for your tenants who have probably lost their jobs and can’t even afford it you sick fuck. You have no trouble making ends meet. Kys

>Trickle up poorness

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in most countries, "landlord" is not a profession and most rentals are second homes. People rent houses as an extra income. It's just in the US where parasitic professions like "owning a house" are acceptable.

OP literally said he has trouble with his own income. Having property means he has a lot more overhead and expenses. You understand what overhead is right, child?

Why don't you get a job?

/thread

Lol rekt

My daughter use a potty coz she's older now

>just buy a house
just kill yourself

Assume each tenant pays at most 30% of their wages for rent (that's the recommended max quantity). You have 22 tenants, meaning you have the equivalent of 6 average salaries.

You are telling me that with that, you only have for one month of emergency funds for five tenants? What if one property or two properties require repairs and cannot accept tenants? What if you have some bureaucracy issue that disallows you from having tenants from a month?

In the end, there's a major difference. Your tenants need to live somewhere. You, however, did not need to work as a landlord. The same way they don't have a guaranteed job, you don't have one.

I already work as a landlord.

"Work"

I'm with you frend.

You tell me that a guy that had enough money to buy 22 properties planned it so badly that he was one month without income away from being fucked?

Yeah, the tenants might be lazy asses but there's the possibility that they have been working up and they haven't managed to save enough, as a lot of people live paycheck to paycheck in the US. This guy? This guy is a moron that played a game and lost, and risked his family in the process.

Obvious larping leftist who doesn't own anything except a honda civic and a nasty toothbrush. That said, nobody gives a rotten fuck about parasitic landlords either. Do something productive, making money for owning things other people can't afford is not productive, it's lecherous.

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Obviously you've never rented in your life so you must be a millionaire.

He said work, not "be a parasite".

wahhhh wahhhhhhhhhhhhh i cant continue hoarding my wealth waahhhhh waaaaahhhh

The fucking cheesecake factory is closing down. You telling me a company that is nationwide and sells fucking confections doesn't have enough money to support when the supply of income drops to fucking zero.

Yes you are an idiot child and you don't understand how business or leveraged debt works. Welcome to the grownup conversation

tbqh, being a landlord in this modern age is one of the dumbest businesses to get into. People used to have more respect and sense of responsibility, but now it's pretty much fuck you I'll do what I want, and I'll sue you if you say I cant. That's classic Trumpism. Enjoy, dumbass.

Sounds like you yourself don't even have an emergency fund. Should have listened to old uncle Dave Ramsey.

Maybe you should have saved up some money for emergencies, probably like you tell your tenants to do, shithead

>I'm LARPing
>I'm such a clever faggot
LOL

Seethe, parasite. Mao was right

Apparently he isn't that wealthy because he can't even pay his mortgage

At least you got that $1200 check coming to you!
What was your income in 2019? (LMAO)

If you have that many "tenants "you're in this business for the money faggot

This isn't about you. Everyone is going to get fucked.
The sooner you try to cooperate with your "adversaries" the sooner you can combat these bigger issues.

Wake the hell up, Dwight, you've got more than a beet farm to protect in this world.

is it closing down or scaling down and delaying payments? Because it's not the same.

Also, a company is fairly different from a landlord. The company can go bankrupt and yet the people managing it probably will have enough for a few months at least. This guy built his finances as if he were a company, which he is not.

Maybe it's you the idiot child.

good chance this is bait

Would you say the same thing to a small business owner or mom/pop who has no income coming and has to lay off 50+ employees? Pick your battles and don't be a hypocrote.

Nobody planned for the total stoppage of business. Doesn't mean that people who are renting should have no rent saved up, that's on them

this: the reason OP can live confortably doing basically nothing is becouse his job is taking the risk that shit could hit the fan. today it did.

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Ayy better pick yourself up by the bootstraps
Welcome to capitalism

exactly

Sounds like you're the retard without emergency funds here.

You flew too close to the sun. Hope you're fit and can find a woman that makes good money.

> Would you say the same thing to a small business owner or mom/pop who has no income coming and has to lay off 50+ employees? Pick your battles and don't be a hypocrote.

If mom and pop are living without any money reserve for themselves (at least 6+ months), yeah. Anyone who has been able to save that money and doesn't have it is pretty irresponsible, and if you have 50+ employees it's highly probable that at least at some point you had the capacity to save that much.

> Nobody planned for the total stoppage of business

If you have a business, you should plan for total stoppage of *your* business and how you're going to survive it. The same way you should plan for total stoppage of your work, but that's usually more difficult if you were poor to start with.

America is not capitalist. It'a a quasi capitalist, socialist, corpratist, heavily regulated economy. Mostly corpratist though. The government and banks don't care about small business owners. That's also why $15 minimum wage is not a good idea.

Show your tax returns to prove that you are in need.

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Confirmed not a business owner or manager of any kind but a sweet summer child with no regard for money or economy. Got laid off from Micky dees eh?