/llg/ - Landlordship General

ITT: We discuss how to become a landlord. What properties to own and how to maintain them for maximum rent profits.

Commies are not welcome

Attached: 1534991130387.jpg (399x351, 117.26K)

Houses are a strictly limited resource. Buying multiple properties to rent them is a harmful market practice.
Good bait tho.

basically find white people, if will keep the property value and rent price high, they're the only ones who actually work so you can be assured they'll pay up. If they get a raise, raise the rent, if they get a stimulus, raise the rent. Rinse and repeat. The trick is to bleed them just enough to where they can survive but not afford to have kids because if they have kids they might think about moving

which location are you trying to buy?

It is not illegal therefore it is A-OK to buy out multiple properties to rent out

>legality is morality
Guess abortions are moral then, kek.

Just fuck off. You are on a capitalist board and want to attack the basic premise of capitalism: Ownership of land.
Suck some tranny's dick of or whatever you rent rats do all day, just leave us alone.

LANDLORDS ARE THE NEW JANNIES

Not looking good rn, too many undesirables on SSI who are trying to get my rooms and not nearly enough students. Not sure how fall is gonna be boys, may have to pay my mortgage myself for once :(

Landlords dont work for FREE retard

Attached: 25fz2q.jpg (282x252, 17.58K)

I don’t think any of my old landlords haven’t been actual greedy scum.

Attached: 1FC471C2-BB3A-4547-8148-E315B3A35610.jpg (700x498, 32.43K)

Buy rental house for cash. Have a large emergency fund. Insulate yourself from tenants with a property manager. Don’t rely on extra income from renters since they can be very unreliable.

I’ve got a downstairs suite that could literally pay my mortgage but I value privacy too much and there isn’t much soundproofing. Wwyd?

Attached: 1588314410212.jpg (680x471, 59.14K)

I have found it to be better to leave rent the same if you get the rare reliable rent payer. Otherwise raise rent for each new lease.

OP is a fag because he owns property? Cope and seethe and back to r/comrades

Until the home is paid off it is the bank that owns them. Banks don't want to be landlords and it’s better to have them vacant until they sell them.

Attached: 1552177674447.jpg (782x652, 141.87K)

I'm about to inherit 12 properties. All in a non white neighborhood mind you... But they will all probably need some work to get them to a point where I can let a company manage them. I also need to get some cash flow going to really repair them. So the question here is how many should I am to sell? They all have mortgages, Hard to know until I get a chance to go and look at them, but I also am worried about holding property into the next year

Attached: aadf9cea2f8e328bef8e79b90abe1079f36e1375e376aa62e4932e40c5f995dc_1.jpg.jpg (640x621, 54.23K)

Put more on the market than you need to sell. You will be lowballed prices in the current market and if you have more on sale than you really want to sell you can take the least shit offers.

Who is leaving you 12 homes in need of repair? Kind of a dick move if real.

Go to the bank. Get pre-qualified and pre-underwritten, and be ready to jump on a deal.

It's time to hit the pavement while everyone is hiding inside like a pussy.

Attached: oy vey.png (317x188, 12.67K)

My dad died a month ago. He's been managing them himself, but to let someone else manage them, I'm gonna have to get some repairs done, as I can't manage them myself. So it's also a matter of if I'm gonna get railed by debtors in probate or not

sell them all and invest in small business workspaces. Like shops and garages. Commercial real estate is far more stable and profitable plus you are not as beholden to corporate money to support your landlording.

You have been put in a shitty position. Are any of the properties paid for?

You are everyone else. Fix them up 1 by 1 and get a Section 8 tenant in there. Make sure they have an essential job (grocery store or some shit).

Then, collect gibs from the government and sit comfy until you can sell the property into a normal market.

Not a bad idea. I've also been floating the idea of selling them all and maybe buying nicer ones in nicer areas.

Not sure. Some more paid than others. Shitty mortgage terms I think
..30 years and 7 percent. Lawyer is looking into it. The overall driving factor here is that my mom really can't support herself. However, a company has offered to manage them for free for a bit until I have things where I need to be, but until that point I'd have to manage them myself. My income is limited and I have student loans which is a bit irritating. So just trying to find the best way to keep my mom supported without having to fuck myself over.

>>legality is morality
noone said it was

they actually do