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baquerd posted:A tenant is a equal participant in a business relationship. Lmfao sure buddy
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Mar 31, 2019 04:04
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baquerd posted:Those who are even moderately wealthy on a scale where it makes sense on an international scale to gently caress with their assets have already diversified outside of their physical country and also into a variety of shell companies. You'll have to take down the world to get at the truly wealthy, let alone some people with mere tens of millions if that. The US will have no problem tracking down debtors and no country will harbor them. China? They kill the wealthy regularly. Russia? Same. (USER WAS PUT ON PROBATION FOR THIS POST)
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Mar 31, 2019 05:15
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Speleothing posted:Removing long-term rental units from the market in favor of high-profit hotelling is actually worse, for the community, than 'just' being a rent-seeker. The fact that you're considering it proves that you have no interest in ethics. To double down on this idea, we were originally renting our detached garage turned studio apartment on Airbnb, but then it became apparent that this practice of putting all smaller places on Airbnb was decimating the housing security for small apartment demographic locals (students, new single arrivals, young adults, etc). Despite being more lucrative in the short term, we don't want to live in a Dickensonion hellscape, so decided to stop renting short term and only long term until the housing availability landscape changes. I did like meeting new guests from all over, hearing their stories and sharing my local knowledge, but not at the expense of the health of my city and nation. In addition to checking the short term elements like if you will have the time or desire to clean 3-4x a week, licenses you might need, etc, be sure to check if your city is experiencing a housing shortage caused by Airbnb. If it is, I think it's immoral to proceed anyway, even if it's currently legal, and have supported the measures in my city to curtail putting so much housing on the platform.
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Mar 31, 2019 09:23
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baquerd posted:Those who are even moderately wealthy on a scale where it makes sense on an international scale to gently caress with their assets have already diversified outside of their physical country and also into a variety of shell companies. You'll have to take down the world to get at the truly wealthy, let alone some people with mere tens of millions if that. Literally all of this could be said about drug cartels but it doesn't stop the US from going after them, and successfully bringing some of their leaders to jail. If the US military can find Osama bin Laden, they can find Jeff bezos in his Cayman hidey hole.
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Mar 31, 2019 09:31
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poopinmymouth posted:Literally all of this could be said about drug cartels but it doesn't stop the US from going after them or funding them
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Mar 31, 2019 16:03
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The only reason the foreign accounts and corporate subsidiary shell game works is because it's written to work that way by co-opted governments. They could absolutely shut that poo poo down if they cared to.
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Mar 31, 2019 16:17
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Only one man can save this thread from the clutches of the bourgeoisie: https://youtu.be/ssHEAOrAdCU (USER WAS PUT ON PROBATION FOR THIS POST)
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Mar 31, 2019 22:59
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 (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 00:27
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I don't know why these people are making GBS threads up the owning property thread as they are clearly living rent free within the simpson's head. (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 00:41
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No one else is using it so we’re squatting, duh. (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 00:48
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Rama of Ra posted:No one else is using it so we’re squatting, duh. How dare you take food out of the mouths of those hard working landlords (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 06:03
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Hi de ho fellow land ownerinos. Them proletarians am I right? *rolls eyes in bourgeoisie* (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 18:52
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tyvm for the 10/10 avatar suggestion in my probation, which in keeping with the ethos of this thread I've shamelessly stolen
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Apr 1, 2019 19:16
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imo ignore the horribly exploitative status quo that seeks to reassure you that exploitation is ok (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 21:50
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Hey guys, I’m in the process of buying a building subject to rent stabilization laws. I’d like to gently encourage my long-time working-class tenants to leave so that I can renovate and raise the rents (and ideally attract more gentrified tenants). I’d appreciate any suggestions from anyone who has successfully handled similar situations.
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Apr 1, 2019 22:34
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RIP rental property thread I guess
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Apr 1, 2019 22:39
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I'm gay (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 22:40
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Excalibur posted:Hey guys, I’m in the process of buying a building subject to rent stabilization laws. I’d like to gently encourage my long-time working-class tenants to leave so that I can renovate and raise the rents (and ideally attract more gentrified tenants). I’d appreciate any suggestions from anyone who has successfully handled similar situations. I don't know about raising the rent but if you want to get income for renovating that housing unit you could sell it to someone else as a condo, get general contracting licensing & insurance and then get them to hire you to renovate it.
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Apr 1, 2019 22:45
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Jealous Cow posted:RIP rental property thread I guess This thread has been rightfully reclaimed by the proletariat, much like your property will soon be (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 22:53
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Excalibur posted:Hey guys, I’m in the process of buying a building subject to rent stabilization laws. I’d like to gently encourage my long-time working-class tenants to leave so that I can renovate and raise the rents (and ideally attract more gentrified tenants). I’d appreciate any suggestions from anyone who has successfully handled similar situations. If you can move in, owner occupancy often trumps any tenant rights and you can simply refuse to renew the lease. Then after a reasonable period of time, move out and get those rents up. Definitely talk to a local property attorney to avoid going to jail for this though.
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Apr 1, 2019 23:03
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baquerd posted:If you can move in, owner occupancy often trumps any tenant rights and you can simply refuse to renew the lease. Then after a reasonable period of time, move out and get those rents up. Definitely talk to a local property attorney to avoid going to jail for this though. You're a total piece of poo poo OP
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Apr 1, 2019 23:05
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jesus lmao, how disgustingly capitalist of u baq (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 23:14
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Excalibur posted:Hey guys, I’m in the process of buying a building subject to rent stabilization laws. I’d like to gently encourage my long-time working-class tenants to leave (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 23:24
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apropos of nothing if I want to arm my tenants with weapons for home defense from, say, humanoid leeches, what are some good options? (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 1, 2019 23:28
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i recommend stakes
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Apr 1, 2019 23:30
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Excalibur posted:Hey guys, I’m in the process of buying a building subject to rent stabilization laws. I’d like to gently encourage my long-time working-class tenants to leave so that I can renovate and raise the rents (and ideally attract more gentrified tenants). I’d appreciate any suggestions from anyone who has successfully handled similar situations. I have a suggestion but you won't like it
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Apr 1, 2019 23:31
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baquerd posted:If you can move in, owner occupancy often trumps any tenant rights and you can simply refuse to renew the lease. Then after a reasonable period of time, move out and get those rents up. Definitely talk to a local property attorney to avoid going to jail for this though. Parties in possession is per unit. Do you even title report bro??
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Apr 1, 2019 23:32
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Ruzihm posted:I don't know about raising the rent but if you want to get income for renovating that housing unit you could sell it to someone else as a condo, get general contracting licensing & insurance and then get them to hire you to renovate it. baquerd posted:If you can move in, owner occupancy often trumps any tenant rights and you can simply refuse to renew the lease. Then after a reasonable period of time, move out and get those rents up. Definitely talk to a local property attorney to avoid going to jail for this though. IamFuckMan posted:I have a suggestion but you won't like it
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Apr 2, 2019 00:21
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cede your property
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Apr 2, 2019 00:22
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Update: Our smaller investment property is now fully unloaded. We tried to sell to the renters who were living there, offering them 5 months to save up a deposit, lower than what we eventually sold for price which they agreed to, but were then unable to get financing for. We extended them a debt note which would have made it possible, but would require a payment to the bank + us each month, and our being able to force a sale in the event of non payment, but while half the couple was game, the other wasn't. They already have new housing and we've parted ways amicably with a glowing recommendation note given for their future use. Sold within 5 days, first showing. We set the price low because we wanted to sell asap. Profit was made, would do again. Our debt levels are back to a comfortable level, paying about 10% of monthly income to service the minimum, but paying about 50% on debt and another 20-30% goes each month to renovations on the new place. We've decided to move from house one, to house two as soon as the basement apartment is livable, which I'm still rushing to finish. A good friend of ours will take over house one, renting at half the market rate as we know she will take immaculate care of it, and benefits her specific financial situation. Probably will either be neutral or barely profitable enough to calculate, but add in our guesthouse renter on the same location, still paying same rent for 5 years running, and it's a nice supplement to our day job income.
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Apr 2, 2019 00:59
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not specifically directed at you poopinmymouthRamc posted:I will concede that most posters don't want to deny you a platform. 
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Apr 2, 2019 12:09
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still lmaoing at this landlord who literally re-invented untermensch through capitalist rationale (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 2, 2019 13:03
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Tollymain posted:not specifically directed at you poopinmymouth Same, took me a minute, but lol
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Apr 2, 2019 13:39
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baquerd posted:A tenant is a equal participant in a business relationship. lmao in practice, it most certainly is not
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Apr 2, 2019 14:37
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I wonder if in the future society will look back on landlordism similarly to how slavery/indentured servitude is looked upon today. (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 2, 2019 14:59
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My building has 3 floors, because I was raised as a tenement dweller i only use 1 floor because otherwise i get anxiety. Am I allowed to rent the other levels, or is the ethical thing to keep them off the market, or do i simply get the gallows for owning property?
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Apr 2, 2019 15:35
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osker posted:My building has 3 floors, because I was raised as a tenement dweller i only use 1 floor because otherwise i get anxiety. Am I allowed to rent the other levels, or is the ethical thing to keep them off the market, or do i simply get the gallows for owning property? In my opinion, you should do it, assuming you can offer them at affordable rates (not just literally affordable but like a realistic fraction of average income for the area) and be aware of the power imbalance you would have as the owner. Build spaces you are proud of (my rule was always if I could imagine living there myself and be comfortable), either by your own hand or via tradesmen, do as much research as possible so that you are offering a service worth paying for, and routinely make sure you still feel it's a fair exchange of what you are offering and that each person renting from you is being treated fairly.
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Apr 2, 2019 15:42
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start a co-op
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Apr 2, 2019 16:14
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osker posted:My building has 3 floors, because I was raised as a tenement dweller i only use 1 floor because otherwise i get anxiety. Am I allowed to rent the other levels, or is the ethical thing to keep them off the market, or do i simply get the gallows for owning property? I don't think anyone is advocating the gallows for owning the home you live in. Personal property is perfectly fine. Tollymain posted:start a co-op Converting a building to a co-op is actually not that hard and is pretty common in some cities!
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Apr 2, 2019 17:08
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Tollymain posted:start a co-op This, unironically. You can leverage your privilege to create the seeds for an actual community that can pool together labor to make everyone's living experience much easier. Once you have this organized seed yall can branch out into other resiliency/mitigation tools for the upcoming climapocalypse as well. tl;dr community bonds and pooled labor > grifting a check off the top while maintaining unequal power structures
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Apr 2, 2019 17:23
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