All Forum Posts by: Anne C.

My property manager has already had her eviction attorney serve the tenant and the tenant's attorney 60 day notice (August and September) so hopefully, it will proceed to the courts in October. 

Hi Anne, I have only one guest house that I just had built on to my house and my Tenant is doing the same thing, meanwhile she has brand new furniture and parties. I was under the impression that the Government moratorium was for federally backed mortgages. My loan is not and I have a construction loan, although I am i Los Angeles County and we have it until September 30th. This is so infuriating, they encourage homeowners to build ADU's so I did now , it's not really mine. !!

We have about 5 percent of tenants who had valid covid issues. But now 50% are not paying. Have many accounts with 5-8k owed now. $200,000 of rent not paid over the last 4 months. Why pay rent when your landlord gives you free housing, free maintenance team, free mortgage, free electricity, free water, free trash? 90% of these tenants are scammers. Housing is apparently a human right that's owed from the owner to the renter. Why can't I go into whole foods and steal their food without getting the police called on me? I guess food isn't a human right... What a ****ing joke. They better supply a massive amount of federal bailout funds to landlords after Trump's little act today, which  he used to buy the voting base.

Totally agree. I'm a small landlord with one tenant (I have two tenants total) in San Bernardino County who stopped paying rent since June 2020, making different claims--work hours reduced and that he's "having difficult times because his coworker died from COVID". I asked him for proof of financial hardship as required by law and he has not provided any. Aside from a couple texts and emails, my tenant has ignored all attempts at communication even though I offered to work out a rent deferral or reduction plan at the beginning of the pandemic if needed. Such BS. 

It is the laziest governing I've ever seen to just issue a blanket moratorium on evictions. Is it so difficult to still allow courts to process evictions to evict non-paying tenants who aren't showing proof of financial hardship and are obviously trying to take advantage of the system? If I don't have money to pay for food because of COVID, why can't I just go into a restaurant, order food, leave, and then have one year to pay them back? Boggles my mind that politicians are focused on this myth that the real estate market is a fight between rich corporate landlords vs poor minority tenants. 

Anyway, I've set aside one year of expense for that rental property to be conservative, but debating whether to take mortgage forbearance or deferral in a few months if it seems that there is no end in sight for the moratorium. Still waiting to hear more on how mortgage forbearance really affects people's credit scores and ability to obtain financing in the future. I've already planned to sell my rental property once I can get my tenant to vacate. I was told that if you take forbearance and then pay that amount back or sell the property and pay off the loan, then it may not affect your ability to obtain future financing as much or at all... Does anyone know how lenders will view that situation?