All Forum Posts by: Reya Ripet

I have been in contact with agents (a long time now), and it's still the same ? 

It's been ridiculous with insurance. They require a 4-point inspection way too often and constant maintenance complaints. They don't even give you a chance to fix any issues , maybe within 2 weeks , which would be just. 
No. They just dropped me with no warning and no chance to fix anything. 

I'm almost in constant struggle with insurance. It's a nightmare! 

Hi all.

I am stressing out here. So recently they introduced the requirement for landlords to need "landlord permits".

I am also dealing with difficult insurance that are cancelling policies with minnimal reasons and no chance to correct maintenance issues.

I always deal with tenant complaints as soon as they come up, and keep well maintained properties.

So, now my insurance won't add "law and ordinance", which I think is going to be needed because of these stupid permits? The permits also include an inspection every four years.

My concerns are , why won't insurance offer "law and ordinance"? 

Is there a chance these permits are denied , even when I take care of all maintenance needs that come up from both tenants and inspections?

Is "law and ordinance" really needed with these permits?

I am sooo fed up dealing with insurance and never ending maintenance for little profit.

Remember, the WEF said " you will own nothing and be happy", at some point many landlords will give up , and tire too much.

It's not unthinkable to think that insurance companies and counties conspire to make landlording unafforable.

please someone answer my questions as I'm becoming very weary.

I'm in Alachua county Florida btw, not Orlando

Thanks

Quote from @JD Martin:

Quote from @Reya Ripet:

Well it passed this law in Alachua county. It's absolutely commie style trying to steal our rentals by slowly squeezing us dry.

Alachua county is very left , also why the property taxes are highest here in all Florida.

Look at old USSR government owned buildings. They don't give two hoots about their tenants.

This law requires a new permit and inspection annually per rental. 

Never mind that property taxes keep going up each year!

I said  jacksonville in my original post as my city doesn't come up

 Well I don't know about you, but I'm bringing at least 10 years worth of food, water and toilet paper supplies down into my nuclear bunker underneath my house right now! The entrance is pretty well hidden so the zombie hordes are going to have a tough time finding me, but if they do I have a whole stack of counterfeit stimulus checks to hand out to them to keep them occupied as I run them down in my Mad Max deathmobile 🙄

In all seriousness, you do know that hundreds of places have rental permits, right? You use the word "allowed" as if you have some kind of constitutional right to do anything you want with "your" property, which I assume runs the gamut from brothel to strip mining operation - but in reality every state has the right to regulate economic activity within their borders (intrastate, rather than interstate) how they please, and if you have rental property you are operating a business. The easy answer is quit worrying about tin-foil conspiracies and adjust your model to fit whatever comes your way. That's what successful investors do, rather than crying about commies and new world orders. Also, they don't really get their information from a friend of a friend of the Uber driver 🙄

We can only raise the rent so much at some point the rent is too high, we can't find tenants and will be stuck. 
Then the only option is to sell : you will own nothing and be happy.

Laugh all you want , but this is slow and deliberate plan but in place by those who hate that we have this much freedom and choices/options to make money .

Just answer me this. If the 'left' are so concerned about people's well-being, then why force us to raise rents , this  will lead to higher rents(permits, inspections, forced repairs etc).
Tenants will be forced out eventually to a cheaper/less safe neighbourhood.

Well it passed this law in Alachua county. It's absolutely commie style trying to steal our rentals by slowly squeezing us dry.

Alachua county is very left , also why the property taxes are highest here in all Florida.

Look at old USSR government owned buildings. They don't give two hoots about their tenants.

This law requires a new permit and inspection annually per rental. 

Never mind that property taxes keep going up each year!

I said  jacksonville in my original post as my city doesn't come up

Hi all. 

I didn't want to look this up as it would possibly stress me out more, I'd rather ask here and get a direct expert answer .

So I heard from someone , whom heard it from her son , that there will be new laws/regulations in Florida starting next year?

It had to do with , off course , ways to further restrict Florida landlords : requiring permits to be 'allowed' to rent out your own property, required inspections to do with building codes , more county/state fees or taxes etc ?

I was not sure as her English is very broken, but I had heard the same from my brother a few weeks ago , also very vague as he wasn't sure.

It sounds like more communism taking over , and the New World Order (NWO) creep take over .

Look up the World Economic Forum (WEF) . Klaus Schwab his words about 2030 'sustainable goals' :  The loss of private property.

If this happens in a red state , the whole country will follow for sure.

Does anyone have any insight , perhaps the law won't pass as my brother said this law hadn't passed yet?

Thanks

The problem is that they only offer Citizens, or if it's another carrier then it's also just 100k liability. 

I'm just wondering why this is happening? I find it very suspicious at this point, why they keep pushing Citizens.

Is a 100k liability Citizens landlord policy with a separate 200k liability policy as good as a regular carrier 300k liability landlord policy ? 

Does anyone know?

thanks

Hi all.

I'm sure others have noticed (in Florida) how impossible it is to get a landlord policy with 300k liability coverage (in a single policy).

I just recently got a new roof , because of difficult insurance agents. Thinking it would make a difference.

I wish I hadn't bothered! I can only get stupid Citizens insurance with a separate 200k liability policy, but I feel that's inferior, and none of it makes sense?!

Any insights?

Btw, I'm not in Jacksonville, but I am in Florida. My city was not in the options.

Thanks

Quote from @Jeremy H.:

Quote from @Nathan Gesner:

Quote from @Reya Ripet:

Sergey nailed it. You are being completely unreasonable. You act like the government is a criminal organization, robbing you of your hard-earned money, but ignoring the fact those taxes pay for your roads and schools and other public accommodations that attract your renters. 

I agree with most of your post - but you completely lost me here. 

The government does in fact rob you every step of the way. Half the reason I started investing in real estate - to save on taxes...AH but they still find a way to get you...passive RE investor?! Lets put income limits on what you can deduct! Stimulus checks...nah we need income limits on that too! But lets send billions to Ukraine! 

I paid 45k in FICA taxes last year, and 8k state tax on top of that. Schools still suck. Roads still suck. City still floods. Didn't get a penny from the stimulus checks. Crimes still as bad as ever. In fact...if you don't get this shot we'll have you fired from your job! Let's actually fire the nurses first! 

We still have one of the best governments in the world relatively - but they completely f*ck the upper middle class every step of the way.

 This. They will tax me either way. If I sell I'm taxed on that as well . I will have to further invest to keep up. Let's hope things stay relatively stable for now.

Hi all.

I'm in Alachua county FL, but that's not available in the location options.

So , off course the proposed property taxes bills have arrived. And each has gone up the full 10%.

IMO property taxes are a criminal organization's plan to rob people 'legally' of their property when they can no longer afford to pay .

Look at the world economic forum's slogan 'you will own nothing and be happy'.  And tell me what else they could mean ?

My concern is that I can't just keep raising the rent ?  Do mortgages keep going up as well ?

Or is it not a problem to keep raising rents to cover higher costs ?

I only have two properties and they are my income, so I'm concerned.  

I can't afford to buy a third property atm.  

Thanks