All Forum Posts by: Joe M.

I never saw a wild thing sorry for itself.

@Joe M.

Worry and pivoting are 2 hugely different things. One thing to remember is that there are certain principles we all follow- but we are all vastly different animals. For instance, there is a large group of investors who are not concerned with cashflow but instead appreciation of their property. They are not posting as much now... like the the arbitrage airbnbers... perhaps they pivoted?

For myself, and I know others, REI is a great wealth democratizer. We are extraordinarily grateful for the opportunity, even more so for those of us who have had others dictate our pay rate. We have listened to the drone of those old hardcore mentors ... "reserves, vetting, no BS"... and taken it to heart. Before people on this board started making gift baskets for new leasee's and calling them customers instead of tenants.

Pivot? Not on your life! 

If this is making you reconsider real estate investing, then it probably wasn't for you to begin with.

One thing I know for sure: without a major reset in our country (and possibly around the globe), government will continue to increase regulation that favors the tenant and disfavors the Landlord. You've got to learn to obey the rules while ensuring your success. The same is true for any investment vehicle.

You ain't seen nothing yet. If this has you spooked then you should get out before the fall. If anything, the serious REI should be reassessing their tenant screenings.

Winter is coming.

The loophole to the order ... under the landlord tenant act, the tenant may waive the notice to quit, provided that the lease contains the proper language that waived such notice.

But even if you have that language, I doubt that any court will evict because of the intent of the governor’s executive order.

On the DIG private forum, attorneys have advised landlords with problem tenants to negotiate with the tenant to leave, with some kind of monetary consideration (AKA cash for keys), but to get an agreement in writing that is actually enforceable. I am just keeping up my hopes that my tenants, all having good track records before becoming my tenants, will continue to be good tenants because otherwise they jeopardize that good track record.