Current Events > Is anyone else worried about over-leveraged landlords during this?

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REMercsChamp
04/04/20 1:14:50 PM
#1:


I think about the Airbnb landlords or quasi-entreprenuers who know find themselves unable to pay their bills...some of these people were over-leveraged on multiple properties and were counting on the revenue to keep coming.

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Resaix
04/04/20 1:16:11 PM
#2:


That's pretty much their fault. I'm more concerned with the people who might lose the roof over their own heads
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antfair
04/04/20 1:16:41 PM
#3:




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berlyman101
04/04/20 1:17:18 PM
#4:


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NightRender
04/04/20 1:19:47 PM
#5:


Are would-be upstart real estate moguls more relatable than owners of mom-and-pop bed and breakfasts or motels?

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REMercsChamp
04/04/20 1:23:41 PM
#6:


NightRender posted...
Are would-be upstart real estate moguls more relatable than owners of mom-and-pop bed and breakfasts or motels?
Sorry what's that?

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REMercsChamp
04/04/20 1:57:47 PM
#7:


up

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Lunar_Savage
04/04/20 1:59:37 PM
#8:


My landlady hasn't bothered to contact me once about the virus or even ask about my situation. I paid rent on time because I still have a job and she's selling the place, so I'm trying to give her no reason to sell to someone who will kick me out when they take over.

That said, I'm planning for the worst...

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IShall_Run_Amok
04/04/20 2:20:38 PM
#9:


Nice over-leveraged landlord you got there. It would be a shame if something were to happen to him.

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Kazi1212
04/04/20 2:36:41 PM
#10:


Yea, they're people too, I'm also worried about the prison population because of this virus.

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Jabodie
04/04/20 2:37:55 PM
#11:


Nah, fuck them.

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powerman1426
04/04/20 2:39:31 PM
#12:


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Wii_Shaker
04/04/20 2:40:13 PM
#13:


Jabodie posted...
Nah, fuck them.
This. They've fucked their tenants relentlessly so it's what they get.

The leverage is dwindling and all but gone as moving new tenants in has never been riskier with the economy about to take a massive shit.

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Jagr_68
04/04/20 2:40:45 PM
#14:


berlyman101 posted...
lmao hell no


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Iodine
04/04/20 2:41:11 PM
#15:


Resaix posted...
That's pretty much their fault. I'm more concerned with the people who might lose the roof over their own heads


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Makeveli_lives
04/04/20 2:42:47 PM
#16:


An investment property is just that, an investment. Sometimes you win, sometimes you lose. Either way I'm moving out once my lease is up because fuck these people lol

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nemu
04/04/20 2:42:48 PM
#17:


Yeah, it's going to be pretty sucky for a lot of landlords and tenants. You're going to have the abusive trashy renters who take advantage of this situation to not pay at all for more months than normal, and then ditch. Then you'll have the trashy landlords using this as an excuse not to fix obvious issues due to a lack of money and try to dump tenants ASAP if they're actively paying but slightly behind as soon as it's over.
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ScazarMeltex
04/04/20 2:44:27 PM
#18:


God forbid they have to get real jobs.

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