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  1. #22626
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    What about maintenance I'm guessing like any single family slum lord they will run the property into the ground

  2. #22627
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    Mar 2008
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    northern BC
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    Quote Originally Posted by fastfred View Post
    What about maintenance I'm guessing like any single family slum lord they will run the property into the ground
    I got tenants who are really used to slum lords that don't fix any thing so they don't tell me when shit is broken and they don't seem to want me coming in their space

    otoh when they leave there is a a long list of the normal wear n tear stuff that is net less time to fix than if I had fixed each one on its own thru the term of the rental

    edit: tennant was going to buy her own fridge cuz she didn't report the leaky fridge of course so it was leaking, i said " no you don't have to buy a new fridge, its up to me to provide you with a fridge so i will fix the old one, or get one that doesn't leak, just google leaking freezers, i know how to fix it "

    i used to think they aren't very smart but i think maybe they have just been trained by shitty LL's
    Last edited by XXX-er; 08-05-2022 at 12:28 PM.
    Lee Lau - xxx-er is the laziest Asian canuck I know

  3. #22628
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    Aug 2016
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    Quote Originally Posted by Mazderati View Post
    A few months ago it was something like 22% of all residential purchases were made by institutional buyers. Would be interesting to know their target buying criteria (price ranges, markets, layouts, etc.).
    In June blackstone closed buying APTS for $5.8b which does rental complexes in the SE/midAtlantic look to be the 3-5 story 200-400 unit ones

  4. #22629
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    May 2008
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    On a genuine ol' fashioned authentic steam powered aereoplane
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    15,328
    Quote Originally Posted by XXX-er View Post
    I got tenants who are really used to slum lords that don't fix any thing so they don't tell me when shit is broken and they don't seem to want me coming in their space
    I think this is common. When I was a "slum lord" from 2017 to 2021 my tenants would often not tell me when something needed repair. I think it's a learned behavior from having landlords that never would fix anything anyway.

  5. #22630
    Join Date
    Aug 2006
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    7,451
    IME as a landlord it always seems to be they would rather just not have me in the place because they are messy and/or smoke a bunch of weed.

    That and they honestly give zero fucks about a small leak somewhere.
    Live Free or Die

  6. #22631
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    Mar 2008
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    northern BC
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    exactly ^^ they have been conditioned to not report probelms

    i told my tennants to smoke cigys out side and pot inside cuz pot was illegal at that time which has of course changed

    The fridge was a small leak but the Bathroom was actualy a huge fucking leak, i had to pull things apart to rebuild and repalce drywall & 2x4

    she aint stupid so when i told her no its my fridge I will deal with it a light went on
    Lee Lau - xxx-er is the laziest Asian canuck I know

  7. #22632
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    Sep 2006
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    6,758
    Quote Originally Posted by sirbumpsalot View Post
    $50B is 0.125% of the US housing market.
    $50 billion isn't what it used to be.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  8. #22633
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    Dec 2016
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    In a van... down by the river
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    Quote Originally Posted by Toadman View Post
    $50 billion isn't what it used to be.
    Name:  hesright.jpg
Views: 601
Size:  24.5 KB

  9. #22634
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    Mar 2006
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    Beaverton, OR
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    Quote Originally Posted by AdironRider View Post
    IME as a landlord it always seems to be they would rather just not have me in the place because they are messy and/or smoke a bunch of weed.

    That and they honestly give zero fucks about a small leak somewhere.
    One of my friends told me long ago that when his tenants call and report an issue and ask for a repair person to come over, he would respond that he would come over and fix himself. Said pretty much unless it was a major issue, everytime the tennant would say..."umm let me see if I can fix it myself" and never call back.

    He said he figured either they were messy or packing in extended family members beyond whats in the lease...but it saved him a trip and an expense.

  10. #22635
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    Sep 2005
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    PRB
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    Quote Originally Posted by Toadman View Post
    $50 billion isn't what it used to be.
    Quote Originally Posted by skaredshtles View Post
    Name:  hesright.jpg
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    No, $50 billion is exactly what it used to be. Fifty billion dollars.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  11. #22636
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    Nov 2005
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    Down In A Hole, Up in the Sky
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    33,037
    Yes, but mountain bikes cost a LOT more now.
    Forum Cross Pollinator, gratuitously strident

  12. #22637
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    Dec 2010
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    Last Best City in the Last Best Place
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    5,599
    I remember I had one landlord who would come over to fix something and he could never understand why we kept our mountain bikes in the living room.

  13. #22638
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    Mar 2006
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    Beaverton, OR
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    Property manager once told us "Raise the rent every year - 100% of your people will complain but only 5% will actually give notice"

  14. #22639
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    Dunfrees mom does this to him

  15. #22640
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    Oct 2004
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    50 miles E of Paradise
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    13,317

  16. #22641
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    Mar 2006
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    18,936
    Toll Brothers has 3.99% financing for move in homes.

  17. #22642
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    Aug 2005
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    Depends on the time of year
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    Quote Originally Posted by Danno View Post
    No, $50 billion is exactly what it used to be. Fifty billion dollars.
    Name:  images (2).jpeg
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  18. #22643
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    Apr 2006
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    ^lol!

  19. #22644
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    Sep 2006
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    Not a surprise that some of these boom towns were seeing an influx of higher net worth individuals.

    https://www.redfin.com/news/homebuye...uirySource=365

    The typical Boise homebuyer earned $98,000 in 2021, up 24.1% from 2019. That’s the biggest homebuyer income increase of the 100 most populous U.S. metros, an uptick caused mostly by remote workers moving in from pricey coastal job centers during the pandemic and intensifying competition.

    Boise is followed by several other pandemic-fueled migration hotspots: Austin, a quartet of Florida metros (Cape Coral, North Port, West Palm Beach and Miami), Phoenix, Stockton, CA, Tacoma, WA and Salt Lake City. Income growth was more than double the nationwide average of 6.8% in all of those places.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  20. #22645
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    Oct 2003
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    OOTAH
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    Quote Originally Posted by Toadman View Post
    Not a surprise that some of these boom towns were seeing an influx of higher net worth individuals.

    https://www.redfin.com/news/homebuye...uirySource=365
    Stockton California?
    Samuel L. Jackson as Jules Winnfield: Oh, I'm sorry. Did I break your concentration?

  21. #22646
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    Yes. And Tacoma Washington, apparently. Certainly not pandemic fueled because of a lack of state Covid restrictions

  22. #22647
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    Mar 2006
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    Quote Originally Posted by teleee View Post
    Stockton California?
    Lathrop was 2008 peak. I remember the vast ghost town for years after the crash. Driving to ski it was a sea of darkness.

  23. #22648
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    Dec 2016
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    Quote Originally Posted by Toadman View Post
    Not a surprise that some of these boom towns were seeing an influx of higher net worth individuals.

    https://www.redfin.com/news/homebuye...uirySource=365
    Good God people are dumb.


  24. #22649
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    Apr 2013
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    188
    Lots of smart hard working people were commuting from Stockton to the bay area, or had moved there full time. Now they can move back to their hometown.

  25. #22650
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    Mar 2008
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    northern BC
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    i know several people who have come up here to ski & bike after reading Lee Lau's travel blogs

    that guy has a following
    Lee Lau - xxx-er is the laziest Asian canuck I know

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