Locking this thread as it’s devolving into insults being thrown in both ways. OP, you’ve been provided with answers and what you do with them, is up to you. There is no point in furthering the discussion.
>Since then he's just been living basically free - but according to the real estate agent he throws some change here and there into the coffers just so legally he can drag it on and on and on and avoid eviction. I reckon there's at least 2-3 months+ rent unpaid and building (bond long used up)
You are incorrect here. He may not be paying rent, but he is not living there rent free. He will have a debt at the end and a black mark against his name that will make it impossible for him to rent another place when you do eventually take it to VCAT.
You also wrote.
>The Agent told me to lodge a VCAT case against him. I'm like - do I look like I have the time for this BS? For what will presumably be a long drawn out process?
Then
>I've got a really decent house, cheap rent, want to rent it out - but it's basically squatted in by a douche and I can't do anything about it. I am basically paying to let someone squat there.
Mate, if you are going to be a landlord you need to act like a landlord. If you think giving the REA their commission is enough then you have not been paying attention in regards to how REAs operate and being a landlord is not for you. Maybe you should sell and invest the money somewhere else.
Don’t rely on a real estate agent for legal advice. If it really is two to three months unpaid rent, and you did things properly, I’m pretty sure VCAT would agree with a properly issued notice to vacate.
Yes I have.
How does this change the fact that I've received a contractually lower amount than I'm owed.
Are you happy for your employer to withhold 3 months of pay?
It's the principle. I don't give a toss about 3 months rent if it was like a poor family struggling. This is just some douche driving a BMW with a full time job who can clearly afford to pay me but just doesn't.
I ask you again - are you happy for your employer to withhold 3 months of pay?
>I ask you again - are you happy for your employer to withhold 3 months of pay?
3rd time I'm asking you this.
Clearly you can't answer because you know you'll look like a hypocrite.
‘I have a property that earns me money that I don’t give a fuck about and get someone else to look after’
‘I don’t like it when people don’t give a fuck about managing their money’
Fuck all the way off. You’re criticising your tenant for having the exact same attitude about your property that you do, you just think it’s wrong because you don’t like it when someone else does it.
Clearly I care enough to post here, because I have no other soapbox to complain to.
The difference though is that I feel I am entitled to be paid rent.
I can't just tell Westpac that I can't pay my mortgage - they'll repossess the house.
Feeling entitled to be paid for what is a basic human right is exactly why everyone hates landlords.
Investments are a risk. If you want guaranteed income to use to ensure you won’t lose your house, get an actual job.
And my story is trying to illustrate why landlords lose sympathy and dehumanise renters. Just like you've dehumanised me for being a landlord.
Just look at the vitirol you've unleashed on me.
Would you accept your employer deciding to not pay you because they ran out of money? Why is it ok for a tenant to do this?
I'm not a Nazi - I'm ok with someone coming to me and saying "hey man, I'm shafted, can we come to an arrangement?"
But just deciding to not pay - and then people like you supporting this type of flog behaviour - I cannot understand. But please educate me - sincerely.
‘Educate me’ - no. You have time and google.
Youre clearly fucking lazy about your housing and using someone else to prop up your land ownership. I’m not going to take up your invitation to facilitate you being intellectually lazy as well.
I didn’t accuse you of being a Nazi (lol) or dehumanise you, nor did I defend your tenant. I criticised your shit attitude.
Take a break from crying about how people are being a big meanie to you and be less useless.
The other issue is risk - when this type of behaviour is normalised - no wonder rents keep increasing.
Risk > greater reward demanded.
So talking to people like you make me even less sympathetic to current rent levels.
Good, don’t talk to me then, you sound like a generally awful person to be anywhere near while you whinge about how hard it is to experience consequences.
I think you posting on a public forum, directly asking for responses, then criticising people who respond is a lovely way to encapsulate your utter inability to reflect on this entire topic.
You have been clear that you have no time for it.
You pay the REA to do it all and think that is enough.
We all live on this rock together and there are a shit load of people doing it tough but you believe so long as you do not drag families into a shower that spews out gas you are doing ok while displaying the fact that you are too lazy to manage your property/investment and expressed that you are entitled to have the rent paid.
I hate it when people use the work entitled. It shows a poor attitude.
What have you done to help others struggling to pay rent?
Have you approached your tenant and spoken to them like a person to find out the fact and see if there is any way that you can help?
I repeat, we all live on this rock together and just because you can pay your way does not mean you will be immune from the fallout that this crisis is bringing.
Maybe a slight attitude change might help you and others.
Pretty fucking tone death in a cost of living crisis if you ask me.
Why the fuck would you think this was a good idea?
"I am well off and I have to deal with some shit"
Like the other guy said. FUCK OFF ALL THE WAY
If you want to see what a REAL struggle is go look at the homeless people and then come back here and tell us how hard you have it.
As I said, the cost of living crisis is caused by attitudes like yours.
Rent is directly proportionate to risk. Higher risk = higher returns required.
This deadbeat behaviour you condone is directly correlated with increased rents.
Go blame me the evil landlord if you want, but as someone with an Economics degree - it's attitudes like yours which is INCREASING the cost of rent.
Me "fucking off" isn't going to help you reduce your rental costs.
How is it fair that the law allows for a tenant to just suddenly decide …
Well the law isn’t fair. Otherwise explain how is it fair for landlords to charge the taxpayers for their poor investment choices aka negative gearing.
How fair is it that business gets to spend money pre tax? How fair is it that negative gearing can be claimed on sharemarket losses? How is it fair that mega rich pay no tax? How is it fair that the govt doesn’t provide enough housing so landlords get abused ?
You said "bond long used up".
You can't use bond on rent. Jesus. Read the fucking legislation, you absolute scumbag. I haven't even finished reading the post. I'm too busy being angry.
I briefly worked in the industry and it’s surprising how people don’t realise you can’t just evict someone.
A tenant needs to be more than 14 days in arrears 5 times in 12 months of their lease agreement. Once they have done that you can apply for possession which can take months.
Your agent should be doing this for you. I would be following up that they have put in VCAT notices each time the tenant is 14 days in arrears. Chances are the tenant knows this rule and pays on the 14th day so there’s no legal way to evict.
I can't, I need to knock it down and rebuild in the future.
I'm not really sure what I'm baiting - I'm just expressing my frustration at having to invest my time in dealing with this.
Well no, I've handballed it off to someone else to deal with, because as I said I don't really care about it to warrant going to VCAT over it.
But I'm just trying to illustrate why housing stock is unavailable and rent is getting higher and higher. Because of people like you normalising crappy behaviour.
You’ve openly admitted that you don’t give a shit about your property, or your tenant.
You have received a tenant in keeping with your level of interest and effort in your investment.
Enjoy reaping your sowing.
I’m off - I find your tone policing and defensive refusal to engage in even the smallest level of self reflection tedious, and you’re clearly just farming for sympathy.
Have a nice day.
I openly admitted I didn't care about managing it and handballed it to a Property Manager, expecting they'd do a proper job managing it. Paying for a service with my hard earned money denotes some level of interest I daresay - I just had no interest in managing it myself.
Perhaps I'd self reflect better if you were slightly less toxic in your responses and explained the context behind your personal attacks, rather than just level a bunch of slurs my way and expect me to second guess what you're trying to articulate.
> I don’t expect anyone to have sympathy for me.
Correct.
Suck it up.
Your rental isn’t a free money firehose, it’s a fucking investment. That means risk.
You spent longer writing this sook that it would take to lodge a vcat case. (in qld) the property manager does this on your behalf, you then get a warrant of possession and the police go and remove the tenant.
Sounds like this particular “investment “ is not for you. For some reason landlords see their properties as an investment but can’t understand that ALL investment carries risk. Maybe try ETFs.
That same logic applies to people who don’t own a house and can’t get a rental. “Sorry, living in a house is just not for you. Enjoy your tent under a bridge.”
I’d learned that 90% of the responses here are anti-landlord.
You could rent your property out for 1/2 the market rate and they’ll still call you scum because they believe housing should be free.
Good luck getting the tenant evicted. You have Landlord insurance?
This! The reason these people are so anti landlord is because they’re jealous, they’d do the exact same thing in our position (landlord), to the people about to downvote me, can you honestly tell yourself you wouldn’t be the same? (Remember, lieing only cheats yourself) they can’t change their mindset. Stop being jealous and life will reward you.
All the best
I'd be a scumlord. That's fine, I accept that.
What I don't like is going on Reddit and complaining about being wealthy. OP is complaining about a normal part of being a landlord.
So if you have just bought a new $30,000 car and someone keyed it, you don’t have the right to complain on reddit because you could afford a $30,000 car and some people can’t?
So if you have just bought a new $30,000 car and someone keyed it, you don’t have the right to complain on reddit because you could afford a $30,000 car and some people can’t?
Well, you get sympathy from me. My parents were in exactly in the same situation for a while. They retired, bought a plot of land, and with heavy debts built 2 townhouses. Without them doing it, 2 families would not have had a place to live, there would have been less housing. Meanwhile, the banks still want their money. Don't bother arguing about it on Reddit, they want working class ppl to suffer rather than confront powerful institutions like the banks.
Sounds like they wanted an investment but felt entitled to not carry any risk. That isn’t reasonable and if they couldn’t cover events like that, it’s really on them.
They did nothing altruistic. Boomer mum and dad investors are one of the very worst things about Australia’s housing market. They’re driving up prices and are greedy shit landlords much of the time.
I think you've misunderstood risk.
Risk is what is built into the rental price.
Deadbeat tenants directly increases rent costs. YOU as a renter are paying more for your rental property because of people like my tenant.
No I don’t. Having bad tenants is a risk inherent in and specific to real estate investment.
I’m not a renter. But, the impact of a small number of deadbeat tenants on the overall rental market is negligible. Landlords’ greed is more of an issue.
As I said, I haven't exactly been the most proactive landlord so far, and I was naïve to expect people would act professionally like I would in a financial arrangement.
Where exactly have I been greedy here?
I plan to demolish the house in 2 months and wanted the last few weeks of the house's life to be donated to Film students to use filming usage etc. because I'm passionate about cinema - now I can't even do that because the dude refuses to go away.
I’m not saying that you personally have been greedy and have single handedly driven up the entire rental market. I’m responding to your claim that deadbeat tenants are the cause of anything in particular - on a system-wide level, the landlords are driving up rents, not a handful of bad tenants.
All of this is very unfortunate for you, but it is indeed a risk you chose to take. Next time, invest in something else if you’re not prepared for it. It sounds like you’ll be fine and reap your intended benefit anyway if you’re 2 months of demolition.
Especially if it was going to be donated anyway. How about this? Maybe you could donate it to a dude with no money and nowhere to go who's about to be evicted in 2 months?
If others people are marking up rent because of your deadbeat tenant then it really only goes to show what scumbags landlords are. Would you care to revise your comment?
Why would I revise basic economic theory?
It's no different to Metro Trains increasing ticket prices due to fare evaders.
If you don't like the market based system we live in, try North Korea.
Thanks for confirming what we already understood. If you only own one rental and you are not being paid for it, it should have zero impact on what a single other landlord does. You're not talking basic economic theory, you're making a basic error.
The rental market is just a collection of many individuals like me though. Incidences like what I am dealing with increase risk for landlords, jacking up their expectation of return.
Them taking on the debt involves that specific risk. They’re not entitled to any special treatment concerning their debt. If they wanted to avoid it, they could have selected any number of investments other than real estate.
Well I guess I was naïve enough to think people are reliable in paying rent.
What's more shocking is the non-rent paying apologists on here. And the irony is they'd be the first to probably cry about it if their bosses failed to pay them 3 months of salaries.
Assuming this is real, it seems your main issue is a lack of critical thinking skills. A tenant not paying rent is a risk you opted in to. A tenant not paying rent says nothing about the reliability of people at large, any more than a single person murdering someone means all people are murderers.
This is all so overblown though that it really does sound like you’re making a poor attempt at rage bait here. Next time you’re bored at 2 am, try tone it down a little so it comes across as more realistic.
I mean, I already acknowledged that I was naïve in expecting people would pay their financial dues. But I'm more shocked about people thinking it's ok.
Overblown yes, rage bait (had to google), no. I was just feeling a bit lonely working my butt off at 2am on a public holiday and wanted some company on the internet.
I don't know why I made this post - maybe deep down I'm a sado-masochist who enjoys getting flamed on Reddit - or maybe part of me just wants to have a rational conversation and give the other side of the discussion.
But yes, totally agree with you - why did I bother. Thanks for your support!
I rent out my old man’s house that I inherited, while I myself live and rent in Europe. I want to move back to my family home when I move back, but fuck me for being a landlord right.
Yep, apparently so according to Reddit. Apparently all landlords are slumlords who are milking their tenants for all it's worth. Nevermind the billion dollar corporation who are hiking the price of food and other essential services. Landlords are easy targets.
Don’t be lazy and do something about it, if you don’t want he guy in the house for not paying rent then go to VCAT and have a notice to vacate served. Your story isn’t why rent prices have gone through the roof, it’s just a story about a unfortunate situation that both the tenant and landlord seem to be making worse.
Well, I think it's pretty funny.How society is these days full stop if you've ever worn shoes....You are richer than well over fifty percent of the people who have ever lived.
When you live in Australia, the coal industry makes you 1.8 million dollars every morning before you get out of bed..
Saw this on gumtree.....
Squatters Removed. High Pressure Squatter Removal System
https://www.gumtree.com.au/s-ad/melbourne-cbd/real-estate/squatters-removed-high-pressure-squatter-removal-system-/1309820269?
What you have to understand is that people who criticise landlords aren’t criticising bad landlords they’re criticising the concept of landlords because they’re jealous, resentful communists. Normal people understand getting a good in return for payment (ie. can’t afford a house so someone is willing to rent you theirs at a rate lower than it would cost to cough up a deposit and make loan repayments.) The people coming at you are not normal people and don’t have a normal mindset. Under Mao communists marched landlords through the streets and shot them. This is where anti-landlord sentiment ends up under socialism/communism.
Well, I think it's pretty funny.How society is these days full stop if you've ever worn shoes....You are richer than well over fifty percent of the people who have ever lived.
When you live in Australia, the coal industry makes you 1.8 million dollars every morning before you get out of bed..
Great to see a landlord posting for a change.
We all have to be fair, the usual Melbourne redditors will down vote you for just being a landlord.
I’m also lucky to be in a position that I’m a landlord and just rented out my property above market rate, I upped it $175 per week.
I accepted an application today and i admit I judged their application but then thought about it, the family that applied is almost doubling there rent per week.
I feel a bit guilty but also I don’t, i truely hope they can one day save money and escape the rent trap.
Yes I’m a bit selfish asking above market rate but I’ve learnt in life that nobody gets anywhere not being a bit selfish.
I love that the family was honest saying they have a bulldog, large family with teenagers, I judged this coming from the same situation growing up but this subreddit expects landlords to rent houses out for free, once again I’m lucky im in the position to have an investment but landlords like us are not the enemy.
I do pride myself on going over and above for my tenants but also charging fair market rate.
I’m glad I accepted this application, even our REA said don’t do it but I went with my heart and accepted their offer because they were honest.
This is just too over the top Mr Burns to be real. It’s either OP with a handful of profiles trying to stir up shit, or there is actually a cunt convention in town.
Locking this thread as it’s devolving into insults being thrown in both ways. OP, you’ve been provided with answers and what you do with them, is up to you. There is no point in furthering the discussion.
Go to VCAT, get an eviction order. It's part of the role of being a landlord. Just deal with it.
>Since then he's just been living basically free - but according to the real estate agent he throws some change here and there into the coffers just so legally he can drag it on and on and on and avoid eviction. I reckon there's at least 2-3 months+ rent unpaid and building (bond long used up) You are incorrect here. He may not be paying rent, but he is not living there rent free. He will have a debt at the end and a black mark against his name that will make it impossible for him to rent another place when you do eventually take it to VCAT. You also wrote. >The Agent told me to lodge a VCAT case against him. I'm like - do I look like I have the time for this BS? For what will presumably be a long drawn out process? Then >I've got a really decent house, cheap rent, want to rent it out - but it's basically squatted in by a douche and I can't do anything about it. I am basically paying to let someone squat there. Mate, if you are going to be a landlord you need to act like a landlord. If you think giving the REA their commission is enough then you have not been paying attention in regards to how REAs operate and being a landlord is not for you. Maybe you should sell and invest the money somewhere else.
You have a solution in front of you but can't be bothered to exercise it. Stop whinging and go to VCAT
Don’t rely on a real estate agent for legal advice. If it really is two to three months unpaid rent, and you did things properly, I’m pretty sure VCAT would agree with a properly issued notice to vacate.
lol dude, you acknowledge yourself that there's a remedy for that exact issue, you just can't be arsed even using it
You were told of a solution, but can’t be fucked actioning it. Why come crying here? Get the bloody vcat eviction order
Yeah I paid someone to apply for it. I came crying here after that.
Sell up buttercup. You don’t want to deal with it and you won’t have to.
Can't, I plan to build a house on it.
You can’t have your cake and eat it too.
Well clearly I'm not having my cake since I'm **not being paid.**
You’ve not received any rent? Made any tax deductions? Capital gains?
Yes I have. How does this change the fact that I've received a contractually lower amount than I'm owed. Are you happy for your employer to withhold 3 months of pay?
And are you in a worse position than before?
It's the principle. I don't give a toss about 3 months rent if it was like a poor family struggling. This is just some douche driving a BMW with a full time job who can clearly afford to pay me but just doesn't. I ask you again - are you happy for your employer to withhold 3 months of pay?
No one is forcing you to be a landlord or have multiple properties. You’ve made your bed
>I ask you again - are you happy for your employer to withhold 3 months of pay? 3rd time I'm asking you this. Clearly you can't answer because you know you'll look like a hypocrite.
Lodge an eviction notice with demolition as the reason.
‘I have a property that earns me money that I don’t give a fuck about and get someone else to look after’ ‘I don’t like it when people don’t give a fuck about managing their money’ Fuck all the way off. You’re criticising your tenant for having the exact same attitude about your property that you do, you just think it’s wrong because you don’t like it when someone else does it.
Clearly I care enough to post here, because I have no other soapbox to complain to. The difference though is that I feel I am entitled to be paid rent. I can't just tell Westpac that I can't pay my mortgage - they'll repossess the house.
Feeling entitled to be paid for what is a basic human right is exactly why everyone hates landlords. Investments are a risk. If you want guaranteed income to use to ensure you won’t lose your house, get an actual job.
And my story is trying to illustrate why landlords lose sympathy and dehumanise renters. Just like you've dehumanised me for being a landlord. Just look at the vitirol you've unleashed on me. Would you accept your employer deciding to not pay you because they ran out of money? Why is it ok for a tenant to do this? I'm not a Nazi - I'm ok with someone coming to me and saying "hey man, I'm shafted, can we come to an arrangement?" But just deciding to not pay - and then people like you supporting this type of flog behaviour - I cannot understand. But please educate me - sincerely.
‘Educate me’ - no. You have time and google. Youre clearly fucking lazy about your housing and using someone else to prop up your land ownership. I’m not going to take up your invitation to facilitate you being intellectually lazy as well. I didn’t accuse you of being a Nazi (lol) or dehumanise you, nor did I defend your tenant. I criticised your shit attitude. Take a break from crying about how people are being a big meanie to you and be less useless.
The other issue is risk - when this type of behaviour is normalised - no wonder rents keep increasing. Risk > greater reward demanded. So talking to people like you make me even less sympathetic to current rent levels.
Good, don’t talk to me then, you sound like a generally awful person to be anywhere near while you whinge about how hard it is to experience consequences.
Er...you're the one who responded to me first dude.
I think you posting on a public forum, directly asking for responses, then criticising people who respond is a lovely way to encapsulate your utter inability to reflect on this entire topic.
>Fuck all the way off. \^ Your literal first response to me was this. I daresay you set the negative tone to begin with.
You have been clear that you have no time for it. You pay the REA to do it all and think that is enough. We all live on this rock together and there are a shit load of people doing it tough but you believe so long as you do not drag families into a shower that spews out gas you are doing ok while displaying the fact that you are too lazy to manage your property/investment and expressed that you are entitled to have the rent paid. I hate it when people use the work entitled. It shows a poor attitude. What have you done to help others struggling to pay rent? Have you approached your tenant and spoken to them like a person to find out the fact and see if there is any way that you can help? I repeat, we all live on this rock together and just because you can pay your way does not mean you will be immune from the fallout that this crisis is bringing. Maybe a slight attitude change might help you and others.
Pretty fucking tone death in a cost of living crisis if you ask me. Why the fuck would you think this was a good idea? "I am well off and I have to deal with some shit" Like the other guy said. FUCK OFF ALL THE WAY If you want to see what a REAL struggle is go look at the homeless people and then come back here and tell us how hard you have it.
As I said, the cost of living crisis is caused by attitudes like yours. Rent is directly proportionate to risk. Higher risk = higher returns required. This deadbeat behaviour you condone is directly correlated with increased rents. Go blame me the evil landlord if you want, but as someone with an Economics degree - it's attitudes like yours which is INCREASING the cost of rent. Me "fucking off" isn't going to help you reduce your rental costs.
Any investment is a risk, including property. Suck it up.
How is it fair that the law allows for a tenant to just suddenly decide … Well the law isn’t fair. Otherwise explain how is it fair for landlords to charge the taxpayers for their poor investment choices aka negative gearing.
How fair is it that business gets to spend money pre tax? How fair is it that negative gearing can be claimed on sharemarket losses? How is it fair that mega rich pay no tax? How is it fair that the govt doesn’t provide enough housing so landlords get abused ?
You said "bond long used up". You can't use bond on rent. Jesus. Read the fucking legislation, you absolute scumbag. I haven't even finished reading the post. I'm too busy being angry.
I highly doubt that he’s taken the bond as rent. An agent wouldn’t do that. I bet OP is factoring in the bond when calculating unpaid rent.
I briefly worked in the industry and it’s surprising how people don’t realise you can’t just evict someone. A tenant needs to be more than 14 days in arrears 5 times in 12 months of their lease agreement. Once they have done that you can apply for possession which can take months. Your agent should be doing this for you. I would be following up that they have put in VCAT notices each time the tenant is 14 days in arrears. Chances are the tenant knows this rule and pays on the 14th day so there’s no legal way to evict.
This is why air bnb is happening. Too many restrictions and regulations on rentals. Too hard to get shitty tenants out.
Something smells like bait
Eh?
If this isn't a bait post, then boo fucking hoo. Sell your property.
I can't, I need to knock it down and rebuild in the future. I'm not really sure what I'm baiting - I'm just expressing my frustration at having to invest my time in dealing with this.
Boo hoo you have to invest your time dealing with the consequences of your decisions? Fucking diddums.
Well no, I've handballed it off to someone else to deal with, because as I said I don't really care about it to warrant going to VCAT over it. But I'm just trying to illustrate why housing stock is unavailable and rent is getting higher and higher. Because of people like you normalising crappy behaviour.
Im not normalising shit behaviour, I’m pretty clearly criticising it. The issue you have is that the shitty behaviour I’m criticising is yours.
What exactly is my shitty behaviour? For being a landlord?
You’ve openly admitted that you don’t give a shit about your property, or your tenant. You have received a tenant in keeping with your level of interest and effort in your investment. Enjoy reaping your sowing. I’m off - I find your tone policing and defensive refusal to engage in even the smallest level of self reflection tedious, and you’re clearly just farming for sympathy. Have a nice day.
I openly admitted I didn't care about managing it and handballed it to a Property Manager, expecting they'd do a proper job managing it. Paying for a service with my hard earned money denotes some level of interest I daresay - I just had no interest in managing it myself. Perhaps I'd self reflect better if you were slightly less toxic in your responses and explained the context behind your personal attacks, rather than just level a bunch of slurs my way and expect me to second guess what you're trying to articulate.
And why air bnb is easier than long term rentals….
Yeah that's exactly what you signed up for. Don't want to deal with it? Then sell. One less dickhead landlord making things worse.
Why don't you just become a landlord then, so you can change us all for the better with your leadership.
Yeah nah, this is bait. Or you're just a cunt.
I deny the former, but admit the latter.
> I don’t expect anyone to have sympathy for me. Correct. Suck it up. Your rental isn’t a free money firehose, it’s a fucking investment. That means risk.
You can evict your tennant? Just do it! Otherwise they stay there however long.
You've accidentally made a thread on Reddit whining about being a landlord instead of going to VCAT.
You spent longer writing this sook that it would take to lodge a vcat case. (in qld) the property manager does this on your behalf, you then get a warrant of possession and the police go and remove the tenant.
Oh damn so your investment carried risk?
Sounds like this particular “investment “ is not for you. For some reason landlords see their properties as an investment but can’t understand that ALL investment carries risk. Maybe try ETFs.
That same logic applies to people who don’t own a house and can’t get a rental. “Sorry, living in a house is just not for you. Enjoy your tent under a bridge.”
I’d learned that 90% of the responses here are anti-landlord. You could rent your property out for 1/2 the market rate and they’ll still call you scum because they believe housing should be free. Good luck getting the tenant evicted. You have Landlord insurance?
Rookie error by me haha, I genuinely was trying to have a constructive discussion. Thanks for the tip on insurance - my bad!
This! The reason these people are so anti landlord is because they’re jealous, they’d do the exact same thing in our position (landlord), to the people about to downvote me, can you honestly tell yourself you wouldn’t be the same? (Remember, lieing only cheats yourself) they can’t change their mindset. Stop being jealous and life will reward you. All the best
Lmao, what a wild projection. "Everyone would be a scumbag like me if given the opportunity." Not everyone thinks like a piece of shit leech mate.
I'd be a scumlord. That's fine, I accept that. What I don't like is going on Reddit and complaining about being wealthy.
I'd be a scumlord. That's fine, I accept that. What I don't like is going on Reddit and complaining about being wealthy. OP is complaining about a normal part of being a landlord.
So if you have just bought a new $30,000 car and someone keyed it, you don’t have the right to complain on reddit because you could afford a $30,000 car and some people can’t?
So if you have just bought a new $30,000 car and someone keyed it, you don’t have the right to complain on reddit because you could afford a $30,000 car and some people can’t?
This holds no relevance to my comment.
Exact same analogy
Nope.
Well, you get sympathy from me. My parents were in exactly in the same situation for a while. They retired, bought a plot of land, and with heavy debts built 2 townhouses. Without them doing it, 2 families would not have had a place to live, there would have been less housing. Meanwhile, the banks still want their money. Don't bother arguing about it on Reddit, they want working class ppl to suffer rather than confront powerful institutions like the banks.
Sounds like they wanted an investment but felt entitled to not carry any risk. That isn’t reasonable and if they couldn’t cover events like that, it’s really on them. They did nothing altruistic. Boomer mum and dad investors are one of the very worst things about Australia’s housing market. They’re driving up prices and are greedy shit landlords much of the time.
I think you've misunderstood risk. Risk is what is built into the rental price. Deadbeat tenants directly increases rent costs. YOU as a renter are paying more for your rental property because of people like my tenant.
No I don’t. Having bad tenants is a risk inherent in and specific to real estate investment. I’m not a renter. But, the impact of a small number of deadbeat tenants on the overall rental market is negligible. Landlords’ greed is more of an issue.
As I said, I haven't exactly been the most proactive landlord so far, and I was naïve to expect people would act professionally like I would in a financial arrangement. Where exactly have I been greedy here? I plan to demolish the house in 2 months and wanted the last few weeks of the house's life to be donated to Film students to use filming usage etc. because I'm passionate about cinema - now I can't even do that because the dude refuses to go away.
I’m not saying that you personally have been greedy and have single handedly driven up the entire rental market. I’m responding to your claim that deadbeat tenants are the cause of anything in particular - on a system-wide level, the landlords are driving up rents, not a handful of bad tenants. All of this is very unfortunate for you, but it is indeed a risk you chose to take. Next time, invest in something else if you’re not prepared for it. It sounds like you’ll be fine and reap your intended benefit anyway if you’re 2 months of demolition.
Ok I accept your opinion here.
Especially if it was going to be donated anyway. How about this? Maybe you could donate it to a dude with no money and nowhere to go who's about to be evicted in 2 months?
He can sell his BMW M series car and pay me. No sympathy whatsoever to someone who never bothered to communicate with me, and just wants to be a flog.
so you’ve told your tenant he’s about to lose his home? maybe now he’s saving as much as he can for the next deposit and moving costs.
If others people are marking up rent because of your deadbeat tenant then it really only goes to show what scumbags landlords are. Would you care to revise your comment?
Why would I revise basic economic theory? It's no different to Metro Trains increasing ticket prices due to fare evaders. If you don't like the market based system we live in, try North Korea.
Thanks for confirming what we already understood. If you only own one rental and you are not being paid for it, it should have zero impact on what a single other landlord does. You're not talking basic economic theory, you're making a basic error.
The rental market is just a collection of many individuals like me though. Incidences like what I am dealing with increase risk for landlords, jacking up their expectation of return.
See, now you're not even talking costs, now you're talking about jacking up return! Again, the lack of self awareness is unreal.
Costs = Required Return, because of the concept of Opportunity Cost - google it.
And if they didn't take on the debt, the houses wouldn't exist. Are you calling for less housing? Would that make things better from your perspective?
Them taking on the debt involves that specific risk. They’re not entitled to any special treatment concerning their debt. If they wanted to avoid it, they could have selected any number of investments other than real estate.
Well I guess I was naïve enough to think people are reliable in paying rent. What's more shocking is the non-rent paying apologists on here. And the irony is they'd be the first to probably cry about it if their bosses failed to pay them 3 months of salaries.
Assuming this is real, it seems your main issue is a lack of critical thinking skills. A tenant not paying rent is a risk you opted in to. A tenant not paying rent says nothing about the reliability of people at large, any more than a single person murdering someone means all people are murderers. This is all so overblown though that it really does sound like you’re making a poor attempt at rage bait here. Next time you’re bored at 2 am, try tone it down a little so it comes across as more realistic.
I mean, I already acknowledged that I was naïve in expecting people would pay their financial dues. But I'm more shocked about people thinking it's ok. Overblown yes, rage bait (had to google), no. I was just feeling a bit lonely working my butt off at 2am on a public holiday and wanted some company on the internet.
Ok lol
Other Businesses get “special” treatment such as spending of pre tax income, tax deductions etc so why is a tenancy “business” any different ?
I don't know why I made this post - maybe deep down I'm a sado-masochist who enjoys getting flamed on Reddit - or maybe part of me just wants to have a rational conversation and give the other side of the discussion. But yes, totally agree with you - why did I bother. Thanks for your support!
I rent out my old man’s house that I inherited, while I myself live and rent in Europe. I want to move back to my family home when I move back, but fuck me for being a landlord right.
Yep, apparently so according to Reddit. Apparently all landlords are slumlords who are milking their tenants for all it's worth. Nevermind the billion dollar corporation who are hiking the price of food and other essential services. Landlords are easy targets.
Don’t be lazy and do something about it, if you don’t want he guy in the house for not paying rent then go to VCAT and have a notice to vacate served. Your story isn’t why rent prices have gone through the roof, it’s just a story about a unfortunate situation that both the tenant and landlord seem to be making worse.
Well, I think it's pretty funny.How society is these days full stop if you've ever worn shoes....You are richer than well over fifty percent of the people who have ever lived. When you live in Australia, the coal industry makes you 1.8 million dollars every morning before you get out of bed..
Wah wah wah. Someone turned off my money tap and I don't wike it.
Saw this on gumtree..... Squatters Removed. High Pressure Squatter Removal System https://www.gumtree.com.au/s-ad/melbourne-cbd/real-estate/squatters-removed-high-pressure-squatter-removal-system-/1309820269?
I think the biggest issue here is how you've made this whole thing up...but yeah, cool story?
What you have to understand is that people who criticise landlords aren’t criticising bad landlords they’re criticising the concept of landlords because they’re jealous, resentful communists. Normal people understand getting a good in return for payment (ie. can’t afford a house so someone is willing to rent you theirs at a rate lower than it would cost to cough up a deposit and make loan repayments.) The people coming at you are not normal people and don’t have a normal mindset. Under Mao communists marched landlords through the streets and shot them. This is where anti-landlord sentiment ends up under socialism/communism.
Well, I think it's pretty funny.How society is these days full stop if you've ever worn shoes....You are richer than well over fifty percent of the people who have ever lived. When you live in Australia, the coal industry makes you 1.8 million dollars every morning before you get out of bed..
Great to see a landlord posting for a change. We all have to be fair, the usual Melbourne redditors will down vote you for just being a landlord. I’m also lucky to be in a position that I’m a landlord and just rented out my property above market rate, I upped it $175 per week. I accepted an application today and i admit I judged their application but then thought about it, the family that applied is almost doubling there rent per week. I feel a bit guilty but also I don’t, i truely hope they can one day save money and escape the rent trap. Yes I’m a bit selfish asking above market rate but I’ve learnt in life that nobody gets anywhere not being a bit selfish. I love that the family was honest saying they have a bulldog, large family with teenagers, I judged this coming from the same situation growing up but this subreddit expects landlords to rent houses out for free, once again I’m lucky im in the position to have an investment but landlords like us are not the enemy. I do pride myself on going over and above for my tenants but also charging fair market rate. I’m glad I accepted this application, even our REA said don’t do it but I went with my heart and accepted their offer because they were honest.
This is just too over the top Mr Burns to be real. It’s either OP with a handful of profiles trying to stir up shit, or there is actually a cunt convention in town.
You're a cunt.