LogFAQs > #956831973

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TopicTwitter to landlords; investing is a risk don't be mad tenants cannot pay rent.
dirtydog
08/06/21 11:23:39 AM
#103:


averagejoel posted...
okay. you should hold landlords to at least the same standard as the people renting from them. that is; they should be responsible for having enough in savings that they are not dependent on their investment to stay afloat

A non-paying tenant could end up owing thousands very quickly, even tens of thousands if there is a rule preventing evictions due to Covid. That is exactly what has been happening in the UK. Some tenants who CAN PAY are simply NOT PAYING because they are immune from being evicted.

Most landlords are not rich, they usually own ONE rental property and have a full time job and a mortgage on the rental as well as their home property.

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"They never pay the slaves enough so they can get free, just enough so they can stay alive and come back to work."
- Charles Bukowski
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