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All Forum Posts by: John Collins

John Collins has started 45 posts and replied 311 times.

Originally posted by @Account Closed:
Originally posted by @Account Closed:

@Ryan R. Are you just blind or wilfully ignorant? Have you looked at the infection rate curve? 9000 cases just today. A week ago it was a few hundred. Is that not an exponential curve? Or do you only do Fox news math?

So you're some kind of psychic then and you know exactly how all this is going to play out, and everybody else knows nothing? Again, the numbers we are talking about are currently EXPONENTIALLY LOW.

Stop arguing about stupid pointless things...jesus.... 

Everyone, this is a troll so do not take him seriously. But his intentional stupidity allows me to make a point. 

The numbers that were 15,000 are now 19,000. 

4% of those infected are serious or critical.  

We have not even entered the first wave in America. Stay at home, do not touch things or people outside the home when you go for groceries, get bored and incubate for the next 3 weeks atleast. The number is going to hit 100,000 whether we like it or not, but through our actions as humans who care for ourselves and those around us, we can make sure it doesn't go into the millions. 

Originally posted by @Account Closed:

 Yeah, they said the same about all the other dirty chinese animal diseases. Bird flu, SARS, others. FREAK OUT FREAK OUT FREAK OUT...oh wait it's over.

Since the virus started, more people have died in car accidents, from heart attacks, from smoking, from obesity, from being murdered by the chinese government, getting hit by a bus, getting hit by falling coconuts, and thousands of other things nobody ever worries about.

I know you're trying to be controversial or some kind of reality star here, but you're just plain wrong.

SARS killed 800 people total, maybe a handful in the US.

COVID has already killed, not infected, over 15,000 people worldwide and the peak of cases has not even begun in the US, nor has the peak ended in Europe. 

Falling coconuts, btw, kill 150 worldwide. 

The Chinese started it but were able to build hospitals in days and isolate patients immediately to kill the curve, the US and Europe cannot do that. Likley to get real, real nasty and that's only assuming the sick and elderly are the main ones in critical, if the trend continues down then we'll have more of the 18-49 crowd going critical and it can really get bad. 

Originally posted by @Account Closed:

Do you realize what an incredibly small percentage of the population has contracted this? We're talking about thousands of people out of over 300,000,000. You're probably more likely to get hit by a car on any given day. If one person in your county gets it the news has to make it sound like everybody died...but that's not what is really happening.

Early stages, early stages.

Don't rush to count your chickens before they hatch, particurilarily not in a once a century virus mutation.

Not the time to be cocky.

Sidenote: why is it racist to call it the China Virus? Because they keep originating there due to inhumane consumption of animals? Where was the outrage over MERS? 

Shouldn't asian americans be more offended by the chinese government allowing the conditions for viruses to re-occur and stop doing business with them until they shut down all forms of wet markets forever? 

But never offensive when it hurts the bottom line. 

Post: Rent and Covid-19-our letter to tenants

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337

This quarantine is really getting some pent up rage out here... please, go for a walk alone, get some fresh air, do yoga... lacking perspective is not an excuse for attacking others online. 

Originally posted by @Karen F.:

It's actually an interesting point.  It is felt that the tremendous death rate in Europe from the Black Plague in the 1300s led to the Rennaissance and the end of feudalism, because it cleaned out so many people, including the landowners.  Sort of like a social/population forest fire, that allows for new growth.

If the coronavirus cannot be stopped by social distancing, then it could very well take most of the people in their 90s and 80s, and a big chunk of those in their 70s too, along with some younger ones.  Think of the effects on society.  There will be a transfer of wealth from the elderly to their children, plus a great decrease of draw on social security, Medicare, and Medicaid.  It's awful to say, but it would relieve a lot of the pressure on social security.

There are a lot of republicans (and no, I don't have a political side they've both got too many flaws) who are kind of bluntly saying the the economy shouldn't come to a total crash to save those who are the biggest burden to the system (ie, those who can't contribute due to existing conditions, age, retirement, etc). It's a little ironic that I have parents in the 60+ range, both have conditions, who keep downplaying it and are eager to get out and about instead of "boring quarantine". You'll be made fun of for presenting a stark image of what's coming and shouting at them to stay indoors like kids. 

You've also got the first wave in NY where half the infected are in the 18-49 age range, majority of whom thought they were invincible to this virus. 

I myself am not feeling great after ordering take out from an upscale restaurant that went on about their hygiene procedures for COVID 19, but you never really know. It's likely paranoia because the soup was way too spicy etc. I've always understood nature has the upper hand and if we keep pushing it's buttons in perverted ways, it will give us the reality check we deserve. 

This is a heavily economy focused government in power that has openly questioned whether it's worth going into a great depression to save the over 65's and immuno compromised, but it could get really ugly if by this cycle of the mutation it starts sending more and more 18-49's into ICU. 

Post: Actual Rent Data for Listings?

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Account Closed:

No, they don't. This is not possible. There is no governing body who you report rent prices to. Most states have absolutely no requirements what so ever to be a landlord. The rental price is between you and the tenant, and that is normally kept private. If neither party reports it to a random website, they cannot possibly know what it is actually renting for. "Comps" simply are not available for rentals except in the form of "asking price". It makes no difference if you have a real estate license or not. Most realtors do not deal in rentals anyway. Prices on zillow or rentometer or anything else are 100% solely based on asking prices, not confirmed rented prices.

If you want actual data on a property you can request it from the owner, but, who knows how authentic it really is. Again, no way to prove he actually collected any rents written down on paper.

This question is no more possible to answer than "what is the meaning of life?".

Welp, unfortunately, I have realtors in TX , GA , even OK and they provide me with rental prices of an area with similar houses. It saves me having to do research on each and every similar house, whether it's renter or owner occupied, which can be 50-100 houses, in the same zip code. Consolidation of this unique info is a huge time saver. Who knows if they're accurate to the T, you only know if you talk to the owner (many of whom I know in certain areas), but it gives me a very good idea of where to put the rent and how far to negotiate based on my needs. 

The realtor that helps me find the right tenant gets first months rent which is a very good deal at my price point. Every realtor I've ever dealt with, including those that claim to specialize in buying and selling, has been OK with this and doesn't just say NO to rentals. 

And that, my friend, is the meaning of rental comp life. You're welcome. 

Post: Actual Rent Data for Listings?

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Josh L.:

How do you find the actual rent data, ie how much a rental actually rented out for and not what it was listed for?

I'm pulling old comps, but the problems is that just because something gets listed and asks for a certain rent does not mean the landlord actually ended renting it out for that amount.

The landlordology blog made a interesting point when it wrote:

"When a real estate agent “pulls comps” to evaluate a home for sale, they use actual sales, not listings prices. Actual rent prices will inform you of what landlords in your neighbor are actually receiving in rent, not just what they hope to receive."

https://www.landlordology.com/...

Is there any way to find the actual rent data than to pay $20 to landlordology for their report? 

And, if anybody has used it, how accurate is their report? How are they able to find the actual rent prices?

Real Estate agents have a license and software that allows them to see what homes have rented for or are currently renting for in the immediate area. Zillow is surprisingly good at showing you a price history, but it's not accurate in terms of final price and the data isn't always available.

I have always wanted surrounding area comps , the more info th ebtter, but just haven't found a way other than real estate agents manually going through neighborhoods. 

Rentometer again doesn't provide a history or what houses have gone for, just current listings and not always accurate. One house I saw rented for $300 lower than what was listed on it. 

So for accuracy you just need to get real close to a realtor and bug them, or somehow get your own license and access to software.  

Post: Dumping Problem need help!!!

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Nyan R.:
Originally posted by @John Teachout:

Is this a multi? Vacant land? rural area? In a city?

And what is getting dumped? household garbage? large items like mattresses, tires and TVs?

Also household items, tires , TVs etc. Ever week it's a mess and the city dump truck only comes once a week.

Put up signs and write to tenants directly saying it's prohibiited and grounds for a fine then eviction. Even put up a fake camera.

Also, you can get a dump truck to come for maybe $250 once a week to pick it all up and haul it off, split the bill and add it to all the tenants until it stops. Communicate this with them! 

Post: 15,000+ NY State Covid 19 almost 50% of US

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Hai Loc:

Spring breakers triggered this?

I have tenants in Erie County which only have under 100 cases which is good news..

 No, it's just the first point of impact for international travel into the US and has the coldest temperatures. The trajectory is close to peaking in places in Europe but has not really begun in the US.

This virus will come in waves and even hit the midwest in due time.


You'll notice warmer places like India tend to be less contagious. 

Best to stay indoor, no physical socializing, wash your hands and avoid touching things outside the home. 

Originally posted by @Rachel H.:
Originally posted by @Jim K.:

@Rachel H.

Whoa, whoa, whoa, people. Rachel, you've written that, "their combined credit card debt, which is four times that of the average US household..."

Debt. org estimates that the average household with a credit card carries $8,396 in debt. So this couple has $33.5K in credit card debt? That's a hell of a lot of credit card debt.

Correct, and it's actually a bit more than that. That's why I'm concerned. But their combined income is $342K/yr, which is also a lot. So....should I be worried?? 

No - not at all. I am more worried about a tenant who makes $140k a year and spends $4k a month on rent.

When you make good money you don't need to follow everything by the books to survive financially. 

I would give them the red carpet treatment.