All Forum Posts by: John Collins

Truck drivers make a good income and will be needed during supply chain crisis - no staying home for them. His credit is good so he's good at managing money. If you want to fill the room immediately, then you will have to dig more on the case by finding the county he was prosecuted in, calling the courthouse and requesting the file as a landlord. First I would do a pay service like whitepages.com , although they won't have an indepth summary of anything you'll know what to ask for and what county to contact. 

Otherwise you can pass and wait to get the room filled in uncertain times. You have to know who would be looking for $1650 rent in your area , demographics , occupations etc. 

They SHOULD, but they don't. In singapore they would get arrested if they didn't comply with self quarantine. Smaller populations benefit greatly from technology whereas a place like America can't make sense of it, just pray for supercomputers to be able to use an algorithm one day. 

Great video for those interested - 

https://www.youtube.com/watch?v=ddlRvqhGdPk

Isolate, wash your hands alot (I don't touch anything outside the home right now), don't be arrogant! Last week I was speaking to a flooring designer who was mocking her kids for being scared of corona and cancelling their vacation to Mexico. 

or we could just let the virus stop the world forever...

Yes, stop the country for 2 months and allow it to recover this year.  

Don't just wave the white flag and give up due to arrogance over how many lives this can wipe out. 

What's his current job, income and the rent for your place? 

Do not get your hopes up looking at South korea and Singapore. They are very small countries that have camera's everywhere - and they use these camera's to track infections from the ground zero patient (chinese tourists) to all those they came in contact with. And then those people were froced to isolate.

US has 400 million people , a lot more traffic and camera's do not cover every square inch. There will be waves but the economy should be able to stabilize if the initial onslaught is contained through social distancing. 

Karen's analysis is akin to Warren Buffet gems from the early 90s and 80s. Picked the right things to analyze and spot on. 

One thing we need is for the private and public sectors of medicine to work together in mobilizing equipment , nurses etc. to tackle the crisis together instead of leaving large groups to die because they are beyond saving.

@Karen F.

Just coming in here to give you props for being absolutely dead on with your corona analysis. Everyone likes to pretend these things don't exist and China isn't constantly finding new ways to produce new viruses, but you had the courage to sound the alarm bells and persist. 

The good news is the US has adopted a policy of social alienation to mitigate the spread, but there are places like Texas where plenty of people are still acting like it's no big deal. So there will be waves of infections, even when the curve is flattened, hospitals will be overwhelmed and plenty with pre exisiting conditions will not make it. 

As far as rent, I think enough measures are in place in terms of short term mortgage help from the govt to not lose properties over this. Health of the nation is by far the most important thing, and we all need to not touch things, stay away from other humans for atleast a month and be very careful about any groceries we bring into house to keep the impact of the corona virus down relative to places like Italy. 

Some of you guys are being excessively harsh on Jill, she was just being transparent and straight forward with the letter about a harsh reality we are all facing. That is a much better approach to collect payments then the silent but deadly approach in times of crisis (when the eviction process will not be smooth or available at all). 

Whether or not all the tenants read it through doesn't matter, if it helps recover some money from some places that otherwise wouldn't be there it's done it's job. 

Good job Jill! 

There is no formula for perfect investing - just doing as much due diligence as possible to minimize unnecessary risk. Even when you hone in on the property you want, make sure you spend money on . a quality inspection and know the place inside and out for future issues that may arise. You didn't mention what city you were in, but I see growth happening in places that aren't oversaturated and under the radar as far as cities go. Places in Tennessee, Georgia, Arizona, etc. Don't just assume growth will be infinite in places like Texas and California. 

Look what plumber found clogged up toilet (with something else) in empty house being worked on by nightmare subcontractor.. working fine before he got there. 

He has been showing all the signs of it