Eviction Crisis? Spare me.

[Chris Taylor]

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.

[Nathan Gesner]

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.