All Forum Posts by: Jeff C.

This is hilarious. You can kiss that back rent goodbye. @Jay Hinrichs, how do you like your steak?!

Anyone who thinks that they're simply due someone else's resources is a jerk of the highest order. Hey, remember that time a landlord was having a tough time financially, so all the tenants in the building banded together and paid extra rent to keep them afloat? Yeah, me neither. "Sharing the burden" works in only one direction. I pay an obscene amount in taxes annually, which the government is liberally doling out. There's my contribution. I'm relatively certain that I'm handling a greater share of this burden than you are. You're welcome.

Think of Tesla being forced to stay open and produce cars, just not charge anything for them.

 Totally agree on this. I've been wondering if forcing landlords to provide a service without remuneration is even constitutional. The government is effectively commandeering your assets for what it's classifying as a wartime use. Can that be done without any remuneration? For a lot of landlords, virtually all of their wealth and resource is in their properties. What other business would ever be forced to continue to provide services with no remuneration?

If they've lost income, at this point that income is going to be made up by the government (PLUS $1200 per adult and $500 per child just because). There's going to be no excuse for not paying rent (maybe an excuse for being late), but many simply won't do it anyway because there are going to be no repercussions, and a system produces what it incentivizes every time. In the same way we had an ocean of elective foreclosures in California during the last downturn, there WILL be a ton of tenants who elect to not pay rent simply because the mechanism of enforcement of the payment of rent has been removed. Just you wait. Let me know how "appreciative" your tenants have been in 4 months.

I've got to say, I've never been more happy in my life to not be a landlord. 

Well, there will obviously be many more deaths still yet.. but also, the aggregate economic loss from the shutdown and reverberating effects is going to be far greater than just what the government spends on stimulus. These numbers will be argued about for decades to come, and entirely incalculable because what we are really concerned with is the number of deaths that DIDN'T occur because of the measures taken, which will always be unknowable.

I'm not looking for anyone to "invest with me".. however if I was, at least they could rest assured that they were partnered with someone who can work a decimal point.

Wow. You truly don't understand the difference between .25% and 25%, yet you're in here trying to correct Adrien, who had his numbers exactly right. .25% = one quarter of one percent. Not 25%. Can't believe I even need to say this.

The way I exert "responsibility" over independent contractors is by firing their arses if they can't perform.. not by coddling them. I'm not effetely asking "oh what ever could I have done?".. I'm saying they're either fixing the garbage work, for free, or they're fired, for ever.

By the way, nobody worth a crap would even push back on fixing this. It's not whether mistakes will happen (they always will).. it's how they're handled when they do happen. Everyone I have working for me fixes their own screwups without complaint. Anyone who whines, cries, grumbles, and resists when it comes to fixing their own errors has to go. 

No way I'd pay a contractor for disregarding my explicit instructions. You pay them to do what you want them to do, not whatever they feel like doing. I spent my first couple of years in the flipping business doing everything myself. If I have to stand there and watch these guys work then they may as well go home. It took me a looong time to find guys who can carry out my instructions without me constantly correcting them.. but you MUST have people who can perform like this if you're ever going to really grow your business. You can't be running around telling these guys to tie their shoes every morning. I'm really surprised at how many "this is entirely your fault" responses the OP is getting. People here must tolerate a lot more nonsense out of their contractors than I do. I expect them to perform well not just when I'm standing there, but when I'm away as well. That said, I do try to get progress pictures along the way. We have the technology! Use it.