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All Forum Posts by: Nancy P.

Nancy P. has started 8 posts and replied 319 times.

Post: Gas prices and economy

Nancy P.Posted
  • Naperville, IL
  • Posts 329
  • Votes 348
Originally posted by @JD Martin:
Originally posted by @John Carbone:

I’m not looking for confirmation on something that is mathemically accurate. When someone makes a claim that “a fact” isn’t accurate when it is with no basis to back it up, I’ll defend the logic. 

 I’m looking for information from people who have been around this type of environment to weigh in how this effected the short term rental markets.

You say $4 gas in 2007 isn’t the same as it is now. Can you elaborate on that? What price per gallon would equate to how it was in 2007? 

Point of discussion is, how high will gas prices need to go to have an impact and how high will interest rates need to go to have an impact. 

Why is it different this time? I don’t know that answer. 

$5.25 = $4 in 2007. There was crazy headwinds in 2007 and cash was dried up. Cash is everywhere right now. We are liable to see some more inflation for sure but stagflation? Highly unlikely. 

For all of the middle class people that you see staying home instead of going to the Smokies, there are people who might have gone to Europe that are staying closer instead. I might be more concerned if I had an STR in a place not high on tourism.

Exactly right JD.  We were living in Germany, traveling Europe, when pandemic ended the job early and then his career (early retirement buyouts).  We desperately want to go back to Europe but still not quite comfortable with the ever changing requirements.  So at age 61 and 59, we finally spent a week on the Florida coast this year, and another week at Mackinac Island in Michigan.  Enjoyed them both very much,  and felt far safer as we could drive and then spend most of the vacation outdoors.  Most people I know are doing the same thing.  I especially feel anywhere with outdoor appeal (like the mountains) will be OK even if gas goes quite a bit higher.

Thanks for the advice.  I didn't want to delete MY account with 13 properties on it but it did give me the idea to open one under my husband's info.  That worked, and as you said, is free for 30 days.  Such an obvious answer but wasn't occurring to either of us.  Not sure why Zillow isn't responding.  Maybe they are short staffed like everyone else.  Thanks again.

Hi:

I was trying to post two properties for rent on Zillow.  My city says you have to count housing vouchers as income.  As a result, although the ordinance does not specifically say we can't, we no longer post "Sorry, housing vouchers are not accepted" on our ads.  (The three times rent issues screens out the vast majority of Section 8 applicants.  My cheaper two bedroom units are still $1400 and up, so they need income of at least $2800 even if their voucher covers the full rent.  People making that much usually don't get a voucher although some could, as median income here is $126K so even a $63K job COULD qualify them).  Anyway, in my hurry I used an old template that DID say that.  Someone sent me an email saying "I've reported you" with a lot of cussing.  It had not been 18 hours since I posted.  Zillow pulled my ads and said "Contact Account Verification".  I did so, at 7 a.m. on Friday.   I also fixed the ads.  No response yet.  Of course they took my money.  I tried making a new ad but Zillow is smarter than that.  I paid to post on CL, got ONE response.  Apartments.com also got me one response because unless you pay them $150 or so,  your ad will be the last one anyone sees.  I take full responsibility for my screw up but wondering if anyone knows how to actually get someone to help on Zillow, how long I can expect this to go on, and where else to advertise my townhome?  I did get some responses before they were pulled,  and have five people interested in the one condo,  but I still need to advertise the other one.  TIA

Post: Evicting Unvaccinated Tenants

Nancy P.Posted
  • Naperville, IL
  • Posts 329
  • Votes 348
Originally posted by @Paul Kuhn:

@Gail K. https://www.zerohedge.com/covi... notes in article. Study you need to be trained to read it).

I’ll leave this here. Please turn the TV off and educate yourself before spewing conjecture. Look up why the mRNA vaccine never passed animal trials in the first place. A hint would be antibody dependent enhancement…

Regarding FDA approvals, look up Vioxx. One simple example of why not to trust the FDA.

I am not for more burdensome regulations on landlords and believe landlords should have more freedom in whom they rent too. But this is a massive violation of HIPAA and hope he gets challenged in court.

Sorry this gave me a great laugh.  Turn off the TV and turn instead---to a very pro-Russian site from Bulgaria.....https://newrepublic.com/articl...

And as for the "animal testing stopping because animals died",  that's BS too....https://www.reuters.com/articl...

Landlord can do what he wants,  in Florida especially might cost him money.  But I can't imagine what law he is breaking for non-renewing.  Evictions he won't get away with.

Post: Would you rent to them?

Nancy P.Posted
  • Naperville, IL
  • Posts 329
  • Votes 348

@Travis Frenchak  apparently it's OK unless you are a woman....

Post: Would you rent to them?

Nancy P.Posted
  • Naperville, IL
  • Posts 329
  • Votes 348

I am 100% fine with his rejecting these people based on his criteria.  He just seems to want to snipe at everyone who disagrees with him even in the slightest.  Not sure what his point is unless he was hoping to be admired for his decisions- which might backfire on him -as David Rivas said.

Post: Would you rent to them?

Nancy P.Posted
  • Naperville, IL
  • Posts 329
  • Votes 348

Perfectly said @David Rivas.  NO ONE is telling you that you are wrong, yet you are being defensive, OP.   I would challenge you to find a single successful lawsuit where a landlord is responsible for children in his or her property just because he or she knows a non-parent lives there.  It seems to me you worry too little about a discrimination claim (I see a family size complaint being a possibility myself) and too much about something you could not be held liable for.  (letting children stay with a parent and his girlfriend.)   I have a question.  If people over 30 with good jobs "should be" owning property, does that mean you wish to rent to people in the 18-30 age range?  Just curious.  

Post: Random texts and calls to buy my properties?

Nancy P.Posted
  • Naperville, IL
  • Posts 329
  • Votes 348

I can turn off my phone but the house next door has been vacant for a decade and we get at least 3 agents a week knocking on our door about it.  I'm about to put a sign up:  Owner's name is xxxx xxxx, his phone number is XXXXXXX, he doesn't answer his phone, and he's a major lunatic so we don't talk to him.  Pretty sure the house is a hoarder storage unit.  Go away.

OK,  thanks for the explanations.  Clearly it's not an area I'm familiar with.  I still wonder, though...if my husband paid off a mortgage that HE is on, NOT as a cosigner,  would it be considered a gift in any aspect to the other person on the mortgage?  Or just a person paying off his mortgage?

Thanks.  I didn't realize the donor paid the gift tax.  The gift would be far below the threshold,  each kid is in a property valued around $180K.  But here is the question.  We can give at most $30K per year to a person ($15K each presently.)  If my husband paid off the mortgage tomorrow, around $170K,  would that or would that not be considered a $170K gift to our son, exceeding the yearly limit?  Or would we have to structure it as yearly payments of only $30K (I am not on the mortgage or the title but I could still give him $15K that he could then apply to the mortgage if he so chose.)  Again, just a thought experiment,  we are not in a position to do this.