Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

114
Posts
40
Votes
Chris Taylor
  • Cleveland, OH
40
Votes |
114
Posts

Eviction Crisis? Spare me.

Chris Taylor
  • Cleveland, OH
Posted

Some people have been sharing news articles on the forums and I came across one today that I thought I'd share.  Basically, the author is stating that landlords are using late fees and evictions as a source of income much like banks use fees for income streams.  I have yet to purchase my first rental, but in my opinion, this is a bunch of crap.  My understanding is, and this may differ from state to state depending on laws, but the eviction process is very lengthy and expensive.  I would say the late fees hardly make evictions worth the time and hassle not to mention the legal expense.  I assume that is why some landlords do cash for keys.  I don't know about you but I would personally try to avoid the eviction process at all costs.  After all wouldn't you rather collect rent checks consistently instead of having turnover?  And whether you rent or own there is always someone looking to get their money ON TIME.  Link to article below.

The eviction crisis is starting to look a lot like the subprime mortgage crisis.

Most Popular Reply

User Stats

28,047
Posts
41,040
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,040
Votes |
28,047
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

It's a leftist world-view. Landlords usually see everything in the color of green. You pay your rent, we're happy. The idea that Landlords are racist, sexist, anti-gay, or whatever is a figment of a liberal's imagination.

One thing is for sure: our society is slowly sliding down the path of socialist/communist ideology where hard work and success will be punished or stolen. If you're in a big city or a leftist state, you'll be the Canary in the coal mine for the rest of us but even small-town Wyoming will eventually fall. Just know that in advance, run an honest business as best you can, and have an exit strategy for when things get too hard for you.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
165 Reviews

Loading replies...