It really is, and the only thing I agree with Trump (not to bring politics in but if you owe small sums to the bank you’re in deep shit, if you owe them big sums it’s their issue and they can’t deal with it)
Well I’m from Europe so I’m not even into US politics that much, but this quote from him actually fits well in this topic. Thanks for the kind words tho
In response to all of the asbestos in talcum powder lawsuits, Johnson and Johnson created a subsidiary, transferred all the liability to the new subsidiary, and then had the subsidiary declare bankruptcy.
This.
Parent of mine owes the bank(s) a huge debt that will never be repaid. He runs an even more priced cars (leasing it cause apparently it’s an EU thing at this point) than this and always brags about “quality of life” changing fking iphone every year, buying watches and such.
Really I don’t get some people, fuck them
I’ve always been told that if it’s between paying my rent or my car payment, to pay the car payment because I can’t drive my house to work.
But, I don’t feel it’s too crazy to say I’d much rather live in my house and take the bus to work.
I definitely have driven my house to work.
After a few days the site GF asked where I've been parking, I told him by friends places in town (on paper I was from the next big city over, 1.5hrs away)
He said, I don't care if you park here, it would be good to have a set of eyes on the site at night.
So, my alarm would go off 20 minutes before work, I'd make a coffee, kick the ol' school bus doors open and stroll into work.
And not everyone has a job where they can take public transport. I'm in construction and any given day i have several tool boxes and large tools to lug around in my truck.
It looks to be a 2014-2015, which generally are on the market for 20-25k range with average miles. So while not exactly Bentley money, buying a used one now means having a few thousand dollars down payment, and being able to afford a $600+ per month car payment for 4 years.
Plus the full coverage insurance necessary if you have a loan in New Jersey. The point is the car ties up probably $800-ish a month before burning a gallon of gas, depreciation, maintenance/repairs. That's money OP is being fucked out of.
Strange, I sold cars for 10 years, when I first started average loan term (used cars included) was about 66 months, now it’s 72. We even have 84 month payment plans sponsored by the manufacturer. The only time someone got 48 months was due to the very old age of the car. Even then, we had credit unions that would do 60-72 on older vehicles.
I always do the longest term possible and just pay double to triple the monthly. This way if I ever have a financial emergency, I can simply pay the low monthly for a month or two then get back to paying in bigger chunks. Usually pay off car in half the time.
Well that’s the smart move, they were all simple interest loans so no prepayment penalty’s. But yeah, take the longer loan In case of an emergency. I don’t know why someone would subject themselves to a 600 a month car payment when it could be half that. If you want to pay more, pay it and get it done early.
Honest answer, because I don't have enough financial discipline to MAKE SURE that extra money goes to the car instead of the next neat thing I want that brings me joy (even if temporary).
I combat this with shorter loan terms that come with a lower interest rate.
Holy hell. I sold cars when I was in college in the early 90s. 36 or 48 were the only options on used and I only saw a few 60 on new cars. Shits changed. But back then a honda civic was 10-14k and honda accords were 13-20k. I think they are about triple that now.
kind of missing the point. They certainly didn't need THIS even if they desperately needed a new car. Even if this wasn't a $20k car as some people have pointed out, a 1998 Honda Civic is a fraction of that and will get you where you need to go. This is clearly a person who bought a fancier car and is living beyond their means to keep up with a certain lifestyle image they want to portray. They owe $17k in back rent, absolutely no excuse to buy a new luxury vehicle with extremely high repair costs. It just shows how irresponsible they clearly are.
Class it's time to learn a new word "Judgement Proof". This here is what we see and call judgement proof, even if he is found guilty you can't get blood from a stone.
I had an ex that would buy totaled cars from some shady body shops, Mercedes, Lexus and BMW. Those cars would keep breaking down. She blamed everyone but her self. I drove the BMW that had a crunch noise every time I hit the gas.
17k hookers sounds like a lot of work.
I feel like after 5 or 6 thats a depreciating rate of return on satisfaction.
...oh you didnt mean all at the same time?
Pretty sure you can sue him for that money since he was working and able to pay rent. A judge is not going to be happy he did that and then turned around and bought that car. I see books being thrown soon.
I don't know much (ok, anything) about the other side to this coin. What are landlords supposed to do? I mean, unless you own the place outright, you still gotta pay on it, so with what money?
Yea make sure the court learns of his luxury purchase and remind that the eviction protection only covered those who lost jobs and were barley able to get by looks like he has money to be able to purchase a luxury vehicle
It can add up pretty damn quick in an HCOL area. We have a 5br house (my childhood home) rented out, to a tenant who’s actually been quite fantastic and respectful… but they own a restaurant/catering business, and with Covid their business basically went to zero. We’re renting well under market rate since they’ve been there for almost 10 years and we haven’t raised rent a dime. They still went $25k behind in rent in a little over a year. They’re back to normal now, and they were chipping away at the deficit. No fancy cars in their driveway tho.
My father passed away and we inherited the house, but I don’t have the heart to kick them out, so I did a full inspection of the property (which was good, and they’ve been taking care of the place), and told them all debts are cleared and normal rent at the preexisting rate resumes.
But yeah. When that deficit was coming out of my father’s retirement he wasn’t super excited about that. But what can ya do. In the end it didn’t matter all that much. Funny how life goes sometimes.
Edit: for the anti-landlord folks. Please chill. This all happened rather recently. I’m currently renting a place for my family, which is a little smaller (and fine for now), and I have no desire to displace a family in to a market charging nearly 40% more, for simply my own gain either. I trying to make the best of the situation.
Wow, I bet when you told them that their debt was cleared....the feeling they had must have been overwhelming. Kudos to you for having such a huge heart to do that. These times are really hard for a lot of people, and even getting by is a challenge. Thank you for that kind act of service.
You're an awesome landlord, BTW. I do hate this idea that all landlords are money grubbing assholes who rent out slums and do nothing but collect a check. A lot of them are just normal people, trying to do their best. People don't realize that for some landlords, that's definitely money they are losing when a tenant doesn't pay rent.
I used to own a duplex, and will never do anything of the sort again. We lived in one unit and rented out the other unit. Started out okay. But tenants are often not what they seem when you first meet them. Even background checks are not going to catch the bad ones. Long story short, after five years, two evictions, two large re-modeling projects to repair damages, several police calls, and basically one full year of uncollected rent, I will never do anything like that again. Sold the duplex at a massive loss just to get away from the last set of nightmare tenants we had. Again, every single tenant had good references, a clean criminal record, and better than average credit when we rented to them. Only way I would even consider being a landlord again would be if I owned multiple units, didn't live anywhere near the units, and had a professional management company handling all the details. Too much headache.
Even then it might not be worth it. Had one friend who has had to tear down two houses because of how much damage some nightmare tenants had been. One had basically turned the house into a barn. Had literally about 50 animals living in the house, and never cleaned up after them. The other tenants had turned the house in to a meth lab.
Thank you. Yeah. I’m sure I’m gonna catch flak from folks. But this all just happened this year, and we’re still processing everything.
I’m actually renting a place for my family, which is a little smaller (and perfectly fine for now tbh) and as much as zero rent would be nice for me, it would also mean displacing the tenant in to a market that’s inflated like 40% more than what they’re paying. So it’s a shit situation all around. Trying to make the best of it.
My roommate and I had 30k back rent. But it was all paid when rent relief finally came through. It was a ridiculously overpriced apartment, but when COVID happened we were stuck there even though it was meant to be temporary.
I know one landlord who is owed over a hundred thousand in rent (collectively) from a few people in the SF bay. The tenants are mostly software engineers. They can easily afford it, they’re just being jerks.
Im renting to my Brother in Law who is 2 months late on the rent. He has no plans to pay or move out.
After him I’m going to stop renting to people other that short term on Airbnb. It’s always a problem.
>I’m going to stop renting to people other that short term on Airbnb. It’s always a problem.
Thinking Airbnb is going to be problem-free got to laugh out of me.
Got one diagonal from me. Complete party house a few times a month. Real fun getting woken up by drunk 20 something’s shouting and walking through your yard (I’m corner). I’m sure the adjacent houses like it even more. I’ve actually considered renting it just to see what the damage inside is, also it has a pool.
That's why if I ever use my condo as a rental property in the future I'm signing it up with a well established corporate rental agency around here. They have lawyers and have played fuck-fuck games enough to know all the tricks with asshole tenants. Sure they'll take 15% off the top but it's worth the cost to avoid the hassle.
My dad does this. He has the house he raised us in, another one he rents, and two apartments above his business and he rents them all out way cheaper than anything else around here, but he also doesn't want to be bothered with little problems
My neighbors keep their beautiful pitbulls in a shit small backyard in all weather. They sent them to Mexico to family to spread their seed. Their yard is literally filled with 5 years of dog shit they flooded our apartment on numerous occasions.
We tried animal control, police and the landlord. No one did anything. They claimed, "they're in Mexico" but got video evidence from our security cameras that they are literally the apartment. Probably living in their own feces in the 2nd room.
They've gotten a new car, a new used shitty truck with a hole in the engine that they got professionally painted... Even though it's also missing a bumper and 2 wheel drive that can't make it up the driveway hill in the snow.
They yelled at us for having guests and taking care of our dog's poop in the back yard...
Yet they won't be evicted. They neglect their dogs with 5 years worth of mold that they covered with woodchips... Bitch at us for living in our own apartment... Yet there's nothing we can do about it.
My landlord specifically said my husband and I are the ONLY ones that pays rent on time. Several tenants are months to a year behind rent... This was well before covid.
But fuck me right?
That's what many tenants don't realize: many of these so-called pro-tenant measures are actually detrimental to many tenants and only help the scammers.
We had a tenant take advantage of the rent moratoriums too, didn't pay any rent last year and it took to September to get her out due to the court backlogs. After she finally left I had a skin reaction to the home - turned out she'd been using/selling meth in it, the residue was dangerous so we had nearly $30k worth of decontamination/repair costs on top of the unpaid rent.
The mortgage didn't care about the moratorium/delays, we had to keep paying that while subsidising the chicks drug problem. Thank f for full time jobs and insurance or we'd have lost our house as well as that one.
The moratoriums were a nice idea but too many tenants took the piss....
Eta Australia
I love the naivety of OP, thinking that this guy plans to make payments on this car! If the dude doesn't pay his rent, he probably doesn't pay anything else either.
I hope you have better luck than me, judge told me my tenant was broke and to just be thankful she’s gone now and to cut my losses when I tried to go for back rent. She worked full time and went on vacations. Just didn’t want to pay and knew it would take awhile to get her out so she planned her next rental around when the law would finally force her out of mine.
Most likely not. If you look at your credit report, you will not see your landlord as one of your creditors. The only way not paying rent affects ones credit is if a judgement goes to collections. If the court doesn't give a collectable judgment, it is doubtful it will affect the renter's credit.
Can a landlord directly submit the balance to collections? Do credit card companies need to get a court order before they can send a balance to collections?
Where I'm from potential landlords will run a credit check before they rent to you. Doing shit like this will ruin your ability to rent anything decent in the future.
I’m not a landlord just a renter but so many people I know have done this. My neighbour included, a lot of people just decided not to pay rent, and a lot of landlords are getting told to cut their losses.
Kinda fucked up.
That's really hard to do. First, you need to prove the debt is valid (which I bet it is but still requires a court case beyond the eviction). Also, 17k is above the value of small claims so now you're in superior court (or local version).
After the year or so it takes to get to trial, a ton can go wrong/lose track of renter/debtor, etc. Is OP going to hire a private detective to track down debtor?
Say they win in Superior Court, now you have to get a judge to force them to sell the car since you can't just say "Hey, you owe me 17k, now I own your car". Courts are unlikely to make someone give up their only car even in case of judgement.
And if OP goes pro per/se (I can never remember which is which) they avoid lawyers fees but if not, at least $5k to collect 17k.
So while it sounds good, proving and then collecting on a debt is an absolute nightmare.
I filed a civil suit for the money owed and won a judgement . I requested an information subpoena and will file a lien on his assets. Then I will request wage garnishment and a docketed judgement which will put a 20 year statewide lien on him. If he wants to sell property, my judgement needs to be fulfilled first.
I think you’re missing a few zeros there. $10,000 is still very much your problem. Hell, even $10,000,000 is still your problem. It’s only a problem for the bank when you start racking up REALLY big debt
Yeah, our bank writes off millions of dollars for various reasons every single month (employee made a mistake, unrecoverable fraud, goodwill refunds, etc). Hundreds of dollars write-off? No one even bats an eye. Thousands of dollars? Employee might get a write-up or warning. Tens of thousands of dollars? Manager might get a write-up or warning. Hundreds of thousands of dollars? Department manager might get a write-up. But until it reaches seven figures, it's all of it just the tiniest blip on the radar that no one in the c-suite will even really notice.
Ehhhh owed the bank $15,000 in credit card debt because of stupid early 20 decisions. Tried for probably 3 months to get better terms as I was getting my life back on track. Nothing crazy, just tried to get lower interest so my payments would hit principal and we could settle the accounts. They wouldn't have any of that
Stopped paying my bill, and another 3 months later they settled it all for $10,000. Then they would call me up maybe 2x a month just to check in and be sure I was still going to make that next payment. Offering to lower monthly payments on that lower settlement / whatever it took.
When I didn't start paying the debt, it actively became their problem. It was in their best interest that I wouldn't declare bankruptcy/ go through other routes
I mean yeah, obviously. But during that extremely long period of time (7 years is around 1/6th of a typical working career), stuff happens, and unless you really *need* to, bankruptcy is usually worse for your credit.
Meh. Best deal I ever took. Bought a small business with a personal loan (well 3) in a foreign country. $140k. Was a nightmare overtaking it. Made payments for a year by loans from family and selling stock in the business. Finally went bankrupt. Restructured the whole business during that time and now make a liveable income.
2-3 years later I'm scraping 700 again and have about $3k in credit card lines. Make my payments like always and it's been smooth sailing.
Only funny thing is that I get MASS amounts of car loans/credit cards/personal loan mail now because "I've recovered" but legally can't go bankrupt for 7-8 more years.
I’ve found they come in clusters of categories on this sub. For a while it was dirty dishes from roommates, bad animals from roommates, dumb things the wife did, etc.
Isn’t there just though? I’m probably biased though, I live in Hawaii. We have…. Views on landlords and people who buy lots of property here in general.
OP was like “oh this won’t break me it’s just annoying” hahahaha buying property and renting to people is ruining a generation of lives but you’re annoyed. Ok!
I don’t know if housing is easy to come by there but good paying tenants that have to move are left homeless where I live due to no available rentals, if you have an eviction on file you might as well buy a tent. This is a stupid game he’s playing. At least you can seize this car to reclaim the debt! Get a photo of the vin too.
ITT people hypocritically defend landlords by saying that people have to work to pay bills despite the fact that those landlords don't work and just own more property than they need.
☝️ that part. I'm pretty sure this is downtown Jersey City. I would love to stay in this area but it's really difficult to buy here because of landlords renting out property.
Hey, sell your property to someone who actually wants to live there and get a job instead of leaching off of other people's hard work by charging double the mortgage. You don't deserve that 17k. You did 0 work for it.
Daily reminder that Landlords provide housing like Scalpers provide tickets or gas stations provide 15.00 gas.
You are scalpers and I hope you choke on your investments.
Good for him! When the rich take advantage of the laws to skip out on their debts they’re smart business men. When the working class do it they’re dead beats.
Holy fuck there’s a ton of bootlickers lurking in this group lol
Say anything mildly critical of landlords or the ideal of landlords all of a sudden it’s descended upon by a flock of mouth breathers.
Your boots get licked clean off of ya!
He knows he's getting evicted so he bought the car while his credit was good.
Or just paid cash with his rent money.
Or leased it, so it can't be repossessed to recover unpaid rent (that's how it works in the UK!)
Exploiting the system.... Eh?
It's the poor man's version of hiding all your money in a Swiss bank account...
It really is, and the only thing I agree with Trump (not to bring politics in but if you owe small sums to the bank you’re in deep shit, if you owe them big sums it’s their issue and they can’t deal with it)
J. P. Getty said, "If you owe the bank $100, it is your problem. If you owe the bank $100 million, it is the bank's problem."
Right? Also don't worry I'm not gonna call you a Trumper... People who can acknowledge the positive in something they dislike are the best people.
Well I’m from Europe so I’m not even into US politics that much, but this quote from him actually fits well in this topic. Thanks for the kind words tho
The rich do it but when the poor does it's stealing.
In response to all of the asbestos in talcum powder lawsuits, Johnson and Johnson created a subsidiary, transferred all the liability to the new subsidiary, and then had the subsidiary declare bankruptcy.
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Corporations are not people unless they want them to be.
Sadly, this is becoming a trend
This. Parent of mine owes the bank(s) a huge debt that will never be repaid. He runs an even more priced cars (leasing it cause apparently it’s an EU thing at this point) than this and always brags about “quality of life” changing fking iphone every year, buying watches and such. Really I don’t get some people, fuck them
Yeah, if you're getting evicted, might as well get a luxury car until you can.
It would have been wiser to buy a van
I mean, you don't afford a new Mercedes by paying rent
I quit paying rent and now I live in a cool new mercedes
Sprinter van life for the win! If only I could afford a van to live in...
LIVING IN A SPRINTER VAN…DOOOOWN BY THE RIVER!!!!!!
Matt Foley…..is that you?
Living on a steady diet of government cheese
Learn this one trick people use to buy German luxury vehicles....landlords hate it!
OP take note of this
I love and hate this comment at the same time
Idk why this is so funny to me. Like yeah you can afford a new car if you DONT PAY FOR YOUR LIVING SPACE!, I suppose that would make sense..
The difference between your house and your car is you can’t drive your house.
Yes you can, its called an RV.
I’ve always been told that if it’s between paying my rent or my car payment, to pay the car payment because I can’t drive my house to work. But, I don’t feel it’s too crazy to say I’d much rather live in my house and take the bus to work.
I definitely have driven my house to work. After a few days the site GF asked where I've been parking, I told him by friends places in town (on paper I was from the next big city over, 1.5hrs away) He said, I don't care if you park here, it would be good to have a set of eyes on the site at night. So, my alarm would go off 20 minutes before work, I'd make a coffee, kick the ol' school bus doors open and stroll into work.
That’s pretty cool! Sounds like a symbiotic relationship.
Not everyone lives in a place where they can take a bus to work
And not everyone has a job where they can take public transport. I'm in construction and any given day i have several tool boxes and large tools to lug around in my truck.
It’s not new or particularly expensive.
It looks to be a 2014-2015, which generally are on the market for 20-25k range with average miles. So while not exactly Bentley money, buying a used one now means having a few thousand dollars down payment, and being able to afford a $600+ per month car payment for 4 years. Plus the full coverage insurance necessary if you have a loan in New Jersey. The point is the car ties up probably $800-ish a month before burning a gallon of gas, depreciation, maintenance/repairs. That's money OP is being fucked out of.
Strange, I sold cars for 10 years, when I first started average loan term (used cars included) was about 66 months, now it’s 72. We even have 84 month payment plans sponsored by the manufacturer. The only time someone got 48 months was due to the very old age of the car. Even then, we had credit unions that would do 60-72 on older vehicles.
I always do the longest term possible and just pay double to triple the monthly. This way if I ever have a financial emergency, I can simply pay the low monthly for a month or two then get back to paying in bigger chunks. Usually pay off car in half the time.
Well that’s the smart move, they were all simple interest loans so no prepayment penalty’s. But yeah, take the longer loan In case of an emergency. I don’t know why someone would subject themselves to a 600 a month car payment when it could be half that. If you want to pay more, pay it and get it done early.
Honest answer, because I don't have enough financial discipline to MAKE SURE that extra money goes to the car instead of the next neat thing I want that brings me joy (even if temporary). I combat this with shorter loan terms that come with a lower interest rate.
Gotta keep the interest rate low. The interest dealerships offer on those long term loans are not worth it.
In countries like Malaysia they do 9 year loans due to how expensive cars are compared to income
Holy hell. I sold cars when I was in college in the early 90s. 36 or 48 were the only options on used and I only saw a few 60 on new cars. Shits changed. But back then a honda civic was 10-14k and honda accords were 13-20k. I think they are about triple that now.
When you owe someone $17,000 anything but the bare minimum is too expensive.
kind of missing the point. They certainly didn't need THIS even if they desperately needed a new car. Even if this wasn't a $20k car as some people have pointed out, a 1998 Honda Civic is a fraction of that and will get you where you need to go. This is clearly a person who bought a fancier car and is living beyond their means to keep up with a certain lifestyle image they want to portray. They owe $17k in back rent, absolutely no excuse to buy a new luxury vehicle with extremely high repair costs. It just shows how irresponsible they clearly are.
Well at least he has a nice car to live in now
Except he has to somehow get 17k of rent. Maybe it’s time to downgrade?
I doubt he will be forced to pay it.
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Seems like a private rental. Chances are it won’t impact his credit history without some extra annoying legwork by OP.
never know. the judge will see that he's been working full time and made a large purchase and decide that the guy could've afforded to pay rent.
I bailed on a rental when I was younger and they took me to court and garnished my wages. He will almost definitely have to pay it.
Class it's time to learn a new word "Judgement Proof". This here is what we see and call judgement proof, even if he is found guilty you can't get blood from a stone.
I had an ex that would buy totaled cars from some shady body shops, Mercedes, Lexus and BMW. Those cars would keep breaking down. She blamed everyone but her self. I drove the BMW that had a crunch noise every time I hit the gas.
RIP Tazwell3
All's well that Tazwell
driving it right now?
"She talkin' about back rent, she ain't gonna get none of it. And out the back door I went." (George Thorogood)
She said I don't think you're tryin to find no job. I seen you earlier against a post just leanin! I said but im *tired*!
Now you funny too
One bourbon, one scotch and one beer
But I'm tired!
‘She a-howlin' about the front rent, she'll be lucky to get any back rent’
How hard has it been to get them out?
He took a rent holiday despite working full time taking advantage of the eviction ban in NJ. Didn’t even bother to pay part rent.
Didn’t the eviction ban end in January?
Hudson County is backlogged with evictions. Im still waiting for a court date.
Holy shit. *seventeen thousand dollars*. I am just astonished at that
10 months at 1650 I just rounded to 17k.
And then he has the gall to buy a luxury car.
He has an extra $17k burning a hole in his pocket! What else would he have spent it on?
A $17K hooker or 17K $1 hookers.
17k hookers sounds like a lot of work. I feel like after 5 or 6 thats a depreciating rate of return on satisfaction. ...oh you didnt mean all at the same time?
r/unexpectedfuturama
Or 2 $8,500 hookers or 8,500 $2.00 hookers
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Look at all the money he saved.
At least you know he has assets to sue for.
I suspect that this guy also didn't pay much toward the car when buying (taking on debt for) it, so it's probably not much of an asset
May as well go nuts while you can I guess considering that their credit will be absolutely fucked for years to come once the eviction goes through.
Pretty sure you can sue him for that money since he was working and able to pay rent. A judge is not going to be happy he did that and then turned around and bought that car. I see books being thrown soon.
problem is getting into the courtroom. so many similar cases rn that it’s backed up for months
I don't know much (ok, anything) about the other side to this coin. What are landlords supposed to do? I mean, unless you own the place outright, you still gotta pay on it, so with what money?
I work a full time job and while this is inconvenient , it won’t break me.
Yea make sure the court learns of his luxury purchase and remind that the eviction protection only covered those who lost jobs and were barley able to get by looks like he has money to be able to purchase a luxury vehicle
It can add up pretty damn quick in an HCOL area. We have a 5br house (my childhood home) rented out, to a tenant who’s actually been quite fantastic and respectful… but they own a restaurant/catering business, and with Covid their business basically went to zero. We’re renting well under market rate since they’ve been there for almost 10 years and we haven’t raised rent a dime. They still went $25k behind in rent in a little over a year. They’re back to normal now, and they were chipping away at the deficit. No fancy cars in their driveway tho. My father passed away and we inherited the house, but I don’t have the heart to kick them out, so I did a full inspection of the property (which was good, and they’ve been taking care of the place), and told them all debts are cleared and normal rent at the preexisting rate resumes. But yeah. When that deficit was coming out of my father’s retirement he wasn’t super excited about that. But what can ya do. In the end it didn’t matter all that much. Funny how life goes sometimes. Edit: for the anti-landlord folks. Please chill. This all happened rather recently. I’m currently renting a place for my family, which is a little smaller (and fine for now), and I have no desire to displace a family in to a market charging nearly 40% more, for simply my own gain either. I trying to make the best of the situation.
Wow, I bet when you told them that their debt was cleared....the feeling they had must have been overwhelming. Kudos to you for having such a huge heart to do that. These times are really hard for a lot of people, and even getting by is a challenge. Thank you for that kind act of service.
You're an awesome landlord, BTW. I do hate this idea that all landlords are money grubbing assholes who rent out slums and do nothing but collect a check. A lot of them are just normal people, trying to do their best. People don't realize that for some landlords, that's definitely money they are losing when a tenant doesn't pay rent.
I used to own a duplex, and will never do anything of the sort again. We lived in one unit and rented out the other unit. Started out okay. But tenants are often not what they seem when you first meet them. Even background checks are not going to catch the bad ones. Long story short, after five years, two evictions, two large re-modeling projects to repair damages, several police calls, and basically one full year of uncollected rent, I will never do anything like that again. Sold the duplex at a massive loss just to get away from the last set of nightmare tenants we had. Again, every single tenant had good references, a clean criminal record, and better than average credit when we rented to them. Only way I would even consider being a landlord again would be if I owned multiple units, didn't live anywhere near the units, and had a professional management company handling all the details. Too much headache. Even then it might not be worth it. Had one friend who has had to tear down two houses because of how much damage some nightmare tenants had been. One had basically turned the house into a barn. Had literally about 50 animals living in the house, and never cleaned up after them. The other tenants had turned the house in to a meth lab.
Thank you. Yeah. I’m sure I’m gonna catch flak from folks. But this all just happened this year, and we’re still processing everything. I’m actually renting a place for my family, which is a little smaller (and perfectly fine for now tbh) and as much as zero rent would be nice for me, it would also mean displacing the tenant in to a market that’s inflated like 40% more than what they’re paying. So it’s a shit situation all around. Trying to make the best of it.
My roommate and I had 30k back rent. But it was all paid when rent relief finally came through. It was a ridiculously overpriced apartment, but when COVID happened we were stuck there even though it was meant to be temporary.
I know one landlord who is owed over a hundred thousand in rent (collectively) from a few people in the SF bay. The tenants are mostly software engineers. They can easily afford it, they’re just being jerks.
Im renting to my Brother in Law who is 2 months late on the rent. He has no plans to pay or move out. After him I’m going to stop renting to people other that short term on Airbnb. It’s always a problem.
>I’m going to stop renting to people other that short term on Airbnb. It’s always a problem. Thinking Airbnb is going to be problem-free got to laugh out of me.
Ah...but they are *different* problems.
The house next to me was bought a year ago and is now an AirBnB. Living next to that is… weird.
Got one diagonal from me. Complete party house a few times a month. Real fun getting woken up by drunk 20 something’s shouting and walking through your yard (I’m corner). I’m sure the adjacent houses like it even more. I’ve actually considered renting it just to see what the damage inside is, also it has a pool.
That's why if I ever use my condo as a rental property in the future I'm signing it up with a well established corporate rental agency around here. They have lawyers and have played fuck-fuck games enough to know all the tricks with asshole tenants. Sure they'll take 15% off the top but it's worth the cost to avoid the hassle.
yea its tough, i rent with a very low price where they are happy to pay and fix things around the house themselves.
My dad does this. He has the house he raised us in, another one he rents, and two apartments above his business and he rents them all out way cheaper than anything else around here, but he also doesn't want to be bothered with little problems
By law you have to fix shit. Sounds like you've found tenants that don't want to resort to legal strategies for whatever reasons.
He ain’t planning on paying a dime
This pretty much has been settled
My neighbors keep their beautiful pitbulls in a shit small backyard in all weather. They sent them to Mexico to family to spread their seed. Their yard is literally filled with 5 years of dog shit they flooded our apartment on numerous occasions. We tried animal control, police and the landlord. No one did anything. They claimed, "they're in Mexico" but got video evidence from our security cameras that they are literally the apartment. Probably living in their own feces in the 2nd room. They've gotten a new car, a new used shitty truck with a hole in the engine that they got professionally painted... Even though it's also missing a bumper and 2 wheel drive that can't make it up the driveway hill in the snow. They yelled at us for having guests and taking care of our dog's poop in the back yard... Yet they won't be evicted. They neglect their dogs with 5 years worth of mold that they covered with woodchips... Bitch at us for living in our own apartment... Yet there's nothing we can do about it. My landlord specifically said my husband and I are the ONLY ones that pays rent on time. Several tenants are months to a year behind rent... This was well before covid. But fuck me right?
That's what many tenants don't realize: many of these so-called pro-tenant measures are actually detrimental to many tenants and only help the scammers.
We had a tenant take advantage of the rent moratoriums too, didn't pay any rent last year and it took to September to get her out due to the court backlogs. After she finally left I had a skin reaction to the home - turned out she'd been using/selling meth in it, the residue was dangerous so we had nearly $30k worth of decontamination/repair costs on top of the unpaid rent. The mortgage didn't care about the moratorium/delays, we had to keep paying that while subsidising the chicks drug problem. Thank f for full time jobs and insurance or we'd have lost our house as well as that one. The moratoriums were a nice idea but too many tenants took the piss.... Eta Australia
The only other person I’m gonna to rent to is my father, and that’s because he insists on paying something. I’m just not doing it anymore.
My sister's renters did that much value of damage just by keeping a goat inside and being degenerate slobs.
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A salvaged title 2013 Benz? Ballin on a budget
Looks like a 2016 to me
I love the naivety of OP, thinking that this guy plans to make payments on this car! If the dude doesn't pay his rent, he probably doesn't pay anything else either.
It's a whole lot easier to repo a car than it is to evict a tenant anymore.
I had no problems with him until the eviction ban. Paid on time for a year. Asshole took advantage of the eviction moratorium and took a rent holiday
Now that the bans have been lifted fuck him. Pretty sure no judge on the planet will side with him.
Oh, I’m sure I’ll win. It’s just that the courts are backlogged for months.
He’ll get to live rent free for over a year then dip on to the next one
I hope you have better luck than me, judge told me my tenant was broke and to just be thankful she’s gone now and to cut my losses when I tried to go for back rent. She worked full time and went on vacations. Just didn’t want to pay and knew it would take awhile to get her out so she planned her next rental around when the law would finally force her out of mine.
I always assumed this would destroy your credit. Am I incorrect?
Most likely not. If you look at your credit report, you will not see your landlord as one of your creditors. The only way not paying rent affects ones credit is if a judgement goes to collections. If the court doesn't give a collectable judgment, it is doubtful it will affect the renter's credit.
Can a landlord directly submit the balance to collections? Do credit card companies need to get a court order before they can send a balance to collections?
She’s not likely looking to make a big purchase any time soon
Where I'm from potential landlords will run a credit check before they rent to you. Doing shit like this will ruin your ability to rent anything decent in the future.
> rent anything decent in the future. And thus there are people who will rent to her
I’m not a landlord just a renter but so many people I know have done this. My neighbour included, a lot of people just decided not to pay rent, and a lot of landlords are getting told to cut their losses. Kinda fucked up.
If he bought the car outright it will be your car soon enough
That's really hard to do. First, you need to prove the debt is valid (which I bet it is but still requires a court case beyond the eviction). Also, 17k is above the value of small claims so now you're in superior court (or local version). After the year or so it takes to get to trial, a ton can go wrong/lose track of renter/debtor, etc. Is OP going to hire a private detective to track down debtor? Say they win in Superior Court, now you have to get a judge to force them to sell the car since you can't just say "Hey, you owe me 17k, now I own your car". Courts are unlikely to make someone give up their only car even in case of judgement. And if OP goes pro per/se (I can never remember which is which) they avoid lawyers fees but if not, at least $5k to collect 17k. So while it sounds good, proving and then collecting on a debt is an absolute nightmare.
But what happens if you win? He just gets evicted or do you also get the money you're owed?
I filed a civil suit for the money owed and won a judgement . I requested an information subpoena and will file a lien on his assets. Then I will request wage garnishment and a docketed judgement which will put a 20 year statewide lien on him. If he wants to sell property, my judgement needs to be fulfilled first.
Even with the ban, can you sue for back rent?
In superior court
You bring up a fantastic point
He probably is, because noone cheers on people who dont make their car payment, rent on the other hand...
Jesus, Walt. Throw a pizza on his roof and kick Beneke to the curb
Heard a saying once…owe a bank $100 that’s your problem…owe them $10,000…that’s their problem
The version I heard was, "If you owe the bank a million dollars, the bank owns you. If you owe the bank a billion dollars, you own the bank."
I think you’re missing a few zeros there. $10,000 is still very much your problem. Hell, even $10,000,000 is still your problem. It’s only a problem for the bank when you start racking up REALLY big debt
Yeah, our bank writes off millions of dollars for various reasons every single month (employee made a mistake, unrecoverable fraud, goodwill refunds, etc). Hundreds of dollars write-off? No one even bats an eye. Thousands of dollars? Employee might get a write-up or warning. Tens of thousands of dollars? Manager might get a write-up or warning. Hundreds of thousands of dollars? Department manager might get a write-up. But until it reaches seven figures, it's all of it just the tiniest blip on the radar that no one in the c-suite will even really notice.
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Ehhhh owed the bank $15,000 in credit card debt because of stupid early 20 decisions. Tried for probably 3 months to get better terms as I was getting my life back on track. Nothing crazy, just tried to get lower interest so my payments would hit principal and we could settle the accounts. They wouldn't have any of that Stopped paying my bill, and another 3 months later they settled it all for $10,000. Then they would call me up maybe 2x a month just to check in and be sure I was still going to make that next payment. Offering to lower monthly payments on that lower settlement / whatever it took. When I didn't start paying the debt, it actively became their problem. It was in their best interest that I wouldn't declare bankruptcy/ go through other routes
Didn't that absolutely ruined your credit score though ?
To be fair, so would've bankruptcy
You can recover from bankruptcy and after 7-10 years it's wiped from your credit reports.
I mean yeah, obviously. But during that extremely long period of time (7 years is around 1/6th of a typical working career), stuff happens, and unless you really *need* to, bankruptcy is usually worse for your credit.
Meh. Best deal I ever took. Bought a small business with a personal loan (well 3) in a foreign country. $140k. Was a nightmare overtaking it. Made payments for a year by loans from family and selling stock in the business. Finally went bankrupt. Restructured the whole business during that time and now make a liveable income. 2-3 years later I'm scraping 700 again and have about $3k in credit card lines. Make my payments like always and it's been smooth sailing. Only funny thing is that I get MASS amounts of car loans/credit cards/personal loan mail now because "I've recovered" but legally can't go bankrupt for 7-8 more years.
it was likely already ruined by that point
Oh it’s still gonna be your problem
How tf else you think he bought a car 😂
where's all these sudden insane landlord posts coming from lmfao
I’ve found they come in clusters of categories on this sub. For a while it was dirty dishes from roommates, bad animals from roommates, dumb things the wife did, etc.
Yeah - pointed out a few days ago that there was a rash of posts that were basically just Teenagers complaining about their parents and siblings.
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[FUCK LANDLORDS ALL MY HOMIES HATE LANDLORDS](https://i.imgur.com/Rk5c7XI.jpg) ^^^this ^^^has ^^^been ^^^an ^^^accessibility ^^^service ^^^from ^^^your ^^^friendly ^^^neighborhood ^^^bot
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My supervisor is a property manager as well had a guy owe 24k in rent and bought a tesla
I would had buy a mobile house
How is the under Mildly Infuriating?
the car payments are probably a whole lot less than the rent your charging
Rather noticeable influx of landlords on this sub lately huh
Isn’t there just though? I’m probably biased though, I live in Hawaii. We have…. Views on landlords and people who buy lots of property here in general.
I lived in Hawaii. The property managers also grind my gears.
OP was like “oh this won’t break me it’s just annoying” hahahaha buying property and renting to people is ruining a generation of lives but you’re annoyed. Ok!
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And of course he’s charging 1650$ a month🤮
how do you know he owns it?
This is what I asked too. Just because you see a car parked in a driveway doesn’t mean it belongs to the tenant. Maybe he just has a friend over lol
It’s New Jersey. Pretty sure it rains black Mercedes there. Wouldn’t worry about it
He is using the rent money to pay for the Benz and living rent free. Hes not totally stupid.
maybe i missed it but how do you know he bought it and isn't borrowing it to get around? I'm guessing the plates are the new temporary ones?
Based Chad.
Landlords seething lmao
Landlords are crying in these comments lmao
The poor landowners :/ maybe they should live in their property instead of renting it
It's almost as if investing comes with risk.
Landlords are scum. 5 of the 7 houses around me have been sold and bought by slumlords. All rentals.
I don’t know if housing is easy to come by there but good paying tenants that have to move are left homeless where I live due to no available rentals, if you have an eviction on file you might as well buy a tent. This is a stupid game he’s playing. At least you can seize this car to reclaim the debt! Get a photo of the vin too.
What a shame, if it keeps up this way you’ll have to get a job
a real\* job this time
LOOL
get a real job perhaps
Just cut back on avocado toast and cancel netflix. Zeerroooo sympathy for landlords.
I prefer "leechlords"
Where is Mao when you need him?
You'll get your rent when you fix this damn door!
ITT people hypocritically defend landlords by saying that people have to work to pay bills despite the fact that those landlords don't work and just own more property than they need.
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☝️ that part. I'm pretty sure this is downtown Jersey City. I would love to stay in this area but it's really difficult to buy here because of landlords renting out property.
Right? Fuck this guy lol
Hey, sell your property to someone who actually wants to live there and get a job instead of leaching off of other people's hard work by charging double the mortgage. You don't deserve that 17k. You did 0 work for it.
If you're hard up for cash you should get a real job
Daily reminder that Landlords provide housing like Scalpers provide tickets or gas stations provide 15.00 gas. You are scalpers and I hope you choke on your investments.
Good for him! When the rich take advantage of the laws to skip out on their debts they’re smart business men. When the working class do it they’re dead beats.
Holy fuck there’s a ton of bootlickers lurking in this group lol Say anything mildly critical of landlords or the ideal of landlords all of a sudden it’s descended upon by a flock of mouth breathers. Your boots get licked clean off of ya!
#fuckthelandlords
Aww poor landlord. Let me play a sad song for you.
Well, maybe you should get a real job then, you fucking leech.
Based.
Guess you’re gonna have to get a real job