My Scumbag Renters Aren’t Paying!
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- Опубликовано: 29 авг 2023
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Welcome to New Jersey (New York, California, Washington, Oregon) where squatters and non-paying tenants have more rights than property owners.
Clown world on full display.
🤡 World USA
Liberals taking accountability are as fictional as the tooth fairy.
What do they have in common? They are Democrat-run states!
Keep voting for those great politicians
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@caseycantrell-gh6fg Oh please I’d love that. Thanks!
@@Lourd-Bab Judith Ann peace is her name
Lookup with her name on the webpage.
As a renter myself (who actually is responsible and respects the agreement) I cannot understand why some states take the side of squatters. I would be too paranoid to ever be a landlord!
Because there is a terrible notion that landlords are greedy people who simply charge rent to exploit people and raise rents for no reason. To put it simply, a lot of squatters in new jersey. Squatters also vote for politicians who advocate for them
@@angryzak4389It's why it's important that if you have a good tenant DON'T BE GREEDY by increasing your rent by too much forcing them to leave. The risk of getting new tenant that's bad isn't worth the few extra hundred dollars you'll gain. Keep good tenants
@@Tunechi65100% accurate. A bad tenant could tie up the home for months and cost tens of thousands in repairs, a good tenant pays rent every month and keep the house in livable condition. Good tenants are worth about $10k a year in benefits.
That's what's happening in all those sites (started in Germany where local landers adopted that trend massively) where Governments have entered to "solve" the rental problem. They don't understand that the situation in the first place was created by the Government itself with high taxes, all kinds of regulations that make new constructions almost impossible without bribing and thus higher prices, the Private Equity Funds that operate with the Government blessing because they take a kickoff... so if property is more expensive, renting it has to at least cover costs. But no, instead of making the property more affordable, they want to control prices, meaning fewer people put their property in the rental market, which drives prices up even more. So the Government decides to "help the vulnerable" and if you "cannot afford your rent", the Government forces the landlord to "ease your burden" even if that means actually transferring the Government burden to the shoulders of the landlords. And yes, this is a generalization, there are bad landlords and poor vulnerable renters, but when the Government intervenes, it's guaranteed to create fertile soil for every kind of freeloader and thief. And no wonder commie Governments all around the world are adopting this policy. It helps destroy the "status quo" in order to create the ruin they want to rule over.
Generally, they're Democrat led states.
Why is she telling her whole life story??
she is a woman, they live to talk
In California, I had the same problem. It took me 7 months to evict the renters. Had to go to court. The sheriff came out to force them out. It the meantime my house was trashed. I sold the home as it, as it would cost me $100,000 plus for the repairs. No more rentals for me, as the renters have all the rights and landlords have none.
It may have been cheaper to hire someone to "Pacific Heights" him, if you have ever seen that movie, lol...
That's unfortunate, how much screening did you do on the renters? I know Ramsey hates when people care about credit scores, but that's definitely something to look at before picking a tenant.
If you can, only rent to a military family. You want have to worry about them not paying or trashing the house, if so, you can let their command know and they will fix the problem.
@@jdaza1987 Screening only partially protects you as you don't know the social circle of the tenant. I had a great tenant once until she got a new boyfriend and that guy was a scumbag.
Your first mistake was doing anything in California.
The call starts at 4:00 before that the lady is just emotional and feels the need to speak lengthy about her life
Yeah that came out of nowhere haha.
Women got to make themselves the victim 1st then they can possibly proceed
For some reason being emotional will make this process easier.. lol. People are weird
she needs to mentally and financially prepare herself for the condition of the inside of the home when she finally can get in there... the physical damage may be beyond what she can imagine... done by the renters in response to being justifiably kicked out.
I thought the same thing.
I turned my old house into a rental after i couldn’t sell it in the market at the time. A neighbors daughter wanted to rent it so I said yes. However, I still wanted a management company to deal with them. I’m glad I did. The company flagged the girl as not approved to rent because of bad credit. I approved it anyway. They were good for about a year, then the payments slowed down. She kept giving me excuses and I told her you need to talk to the management company. We let her be late without a penalty for a few months. Finally the manager said we have to enforce the lease penalty. She threw a hissy fit, trashed the house and moved out without paying anything the last 2 months. I understood why the company flagged her to begin with. They worked with me to clean up the house and sell it a couple of months later. Haven’t been into rentals since then.
Rentals can be ok if you listen to your agent. Why would she think she knew better than someone in the Industry?
We rented our house and had one good family and the second family was not. The first family was a military, so no problem. Then they moved out because they bought a home. I was living in another state than him and warned my then husband, only do a rental agreement with a military family. He said the man begged him to let them rent the house.p and he folded. As expected, they caused problems and after months on nonpayment, we’re forced to moved out. Luckily, they didn’t damage the house. My advice is if you are in a military concentrated area, only rent your property to military families. Good luck to everyone else.
That is on you for ignoring the "Bad Credit" when that company flagged her.
Sounds like you didn’t learn your lesson. Instead of getting a good renter and listening to your agent, you thought you knew better. And now, instead of listening to your agent, you still stubbornly refuse to learn, and instead you want to sell your house. You’re the type of person that will die poor, because you just don’t learn your lessons.
These are the type of calls that makes you want to get rid of real estate and put it all in index funds.
YES
Go to the people & say " IF I end up evicting you, this will be on your PERMANENT record. That means, if you go to try and rent again and a Realtor (like myself) runs your background check and see this and reports it to me (or any other landlord), you're screwed. Done. Over. Kaput." Many tenants don't realize that this stuff follows them no matter what.
They don't care trust. Some do this for living. Go from home to home.
It doesn't work that way in blue states. In NYC, I know for a fact they give you a date to leave by and they don't put eviction on your record if you leave by it. You might not even get an eviction record if you get put out by the cops.
The eviction process in New Jersey is going to take an eternity. She'll probably spend more in court costs and attorney fees than is owed her.
At least she will get them out.
If you get an eviction lawyer, it’s just a one time fee until the process is over and courts are now back open, so the process isn’t as slow anymore
This is coming from someone who has property in jersey and recently went thru an eviction. So I’m not just talking to be talking
Its getting harder and harder to evict somone. AS IT SHOULD BE. "Yeah dude just kick em out" imagine if tou have kids or family. Its so heartless
@nikolaig1 Yea, but 6 months is ridiculous as well. What about the landlord, hes got bills to pay. Do NOT sign a rental agreement if you dont have the means to pay...
My renters once stopped paying rent so I posted eviction notice I got from the Sheriff's office on the front window telling them a Sheriff's Deputy will be moving there stuff out on the curb in 3 days. They were gone on the 2nd day.
Surprisingly easy.
Where is the house located?
@@arh1234 It's in Elbert County Colorado.
Depends on the state.
And the “experience” of the tenant at living for free. Some tenants know the details (and technicalities) of the eviction process more than the landlords.
In San Diego county, you file a eviction notice for say non payment of rent, then wait 60 days a reply. You then wait another 7 months for your court date. So it will take at least 9 months to remove your tenant for non payment of rent. I know, it happened to me.
Rent to military families, they will give you know problems, just might move in 2 or 3 years.
, *no
Work with a major employer in your town. Offer the housing as a perk for their staff (employees). I heard Charlie Munger’s property manager discuss his tenant screening process. I believe he only advertises vacancies through the employer.
So he knows where they work, the stability of the job etc.
• The military renters is another great strategy.
And this is why I absolutely refuse to consider real estate for rental as an investment. Sure it might make money but you are wholly dependent upon the best intentions and actions of other people that more and more are looking to get stuff for free or live for free. Squatters, evictions, late payments, excuses, lies, damage to the property, pets, constant surveillance. No!
Only if you live in a communist state.
Depends on the state
It's why it's important that if you have a good tenant DON'T BE GREEDY by increasing your rent by too much forcing them to leave. The risk of getting new tenant that's bad isn't worth the few extra hundred dollars you'll gain. Keep good tenants
If you want real estate just buy REITs.
Don’t buy in liberal states then you’ll be fine lol.
We started an eviction process in 2019. Between NYC laws which favor tenants, Covid eviction moratorium, and NYC housing court closing/slowing the process down, it took 4 years. She finally left Feb 2023! It was a nightmare.
I really hope this caller can get a speedy eviction!
Having been involved in investment properties for thirty years or so, I've learned a few things:
1. Never rent your parents home or other home that you have strong emotional ties to. It rarely ends well.
2. Even "good tenants" will not treat your home with the same respect that you will.
3. As others have noted, certain states give more rights to the tenant than to the property owner.
4. Eviction process is a minefield for the uninformed. Get progessional guidance.
5. Sell all your residential investment properties and go strictly commercial.
commercial market isn’t great right now, there is a shortage of housing
@@drlax15m Maybe so, but at least you don't have to deal with residential tenants. I got out of residential properties a few years ago and haven't regretted it one bit.
It's why it's important that if you have a good tenant DON'T BE GREEDY by increasing your rent by too much forcing them to leave. The risk of getting new tenant that's bad isn't worth the few extra hundred dollars you'll gain. Keep good tenants
@@drlax15m
Bad tenant cost the average landlord too much head ache, heart ache and financial losses.
We live in a different era of entitlement. Where tenants have NO regard for the landlords asset. Sadly it is folks who are more desperate for accommodation that do more damage (vandalism)
@@Tunechi65
You have a point about keeping good tenants.
But landlords must prepare for increasing cost of maintenance.
New HVAC system. New roof. The landlord must be thinking 7 years ahead in most cases. If they don’t go up on the rent. Where will the $$$ for repairs come from.
Most landlords are not rolling in dough
And this is the reason why I will never endeavor to become a landlord. My health wouldn't be able to handle the stress from having scumbag renters.
I'd put speakers in the walls with mobile cintrols and jam slayer at odd ends of the night. They'd get the hint or I remove the doors & windows.
I can't stand the people on the internet that think all landlords are out to screw them. But when you tell them about how landlords have non-paying tenants... oh that's fine. They think because someone owns a property they are loaded with money and it doesn't cost anything.
It is absolutely criminal what dead beat renters get away with in New York. Dave says evict them but in NY anyway the court literally sides with deadbeats and criminals too for that matter.
But I thought rental properties were easy "passive" income?... 🙄
If your tenant refuses to pay it’s never easy and you almost always have to get the courts involved
It is if you screen properly and have a little good fortune on your side. 5 years no missed payments here.
Sounds like a lot of "ifs." I think I'll stick with mutual funds. They never tear up my house and refuse to pay me.
@MichaelAnderson-wk1no different strokes my man! I’m happy you’ve found something that works for you.
Not at all. There's too many influencers spouting this nonsense. Think about all the stressors of owning your own home (compared to renting)-- something breaks, you have to deal with it etc. Now imagine that's legally and contractually required and by a person who might be needier and lives probably looser than you would. My dad owned a bunch of rentals and it was great money but every weekend I saw him head off to go mow the lawn or fix something that was broken. It's certainly not sit back and watch the money pour in.
Incredible she has to ask Dave about what to do
She is a landlord by default, because she wanted to keep the house. That's generally not a good plan.
2:15 here we go. Here come the tears. She's a victim and wants to be celebrated for her stunning bravery.
Have some faith in humanity. What you heard is the woman “expressing her identity” to Dave Ramsey.
This many years later she still sees herself as the wife that was betrayed…….. It shows the reality of how traumatic it was to her. That event now determines “how she sees herself”. Feel sorry for her second husband. Genuinely do.
Her identity of herself has been molded by being rejected, cheated on etc
Its sad a few bad apples ruin it for the rest. Bad tenants are an absolute nightmare!
And that is 50% of them! This "big" money from being a landlord is a pipe dream.
One thing I learned coming out COVID was never to be a landlord. There is so much scum in this country who have the local & federal governments on their side. It’s so unfair.
Lol, landlords? I mean yes, some landlords have issues getting paid, but landlords are also asking for higher percentages of incomes every year. Where do you think that leads? Y'all are really blind I swear.
"who have the local & federal governments on their side" -- Yes, especially here in Los Angeles.
@@Bigbilly-ms9bn "Y'all are really blind I swear." -- No. You have shown no evidence of that. First of all, what they charge for rent has nothing to do with the issue being raised here. Secondly, it is their f**king property, and they charge whatever they want. The market will determine if they are asking for too much. Get a clue as to how the real world works.
@@johnnastrom9400 ... the market is determining that though and landlords are asking for more and more. People are picking paying rent over other things or putting everything on credit cards. You don't see the crisis the country is in and it's obvious. Numbers don't lie, the most productivity that's ever happened and wages remain stagnant. If you don't see a tipping point coming, you're dumber than I give you credit for.
@@Bigbilly-ms9bn because the market is going up. They base rent on that.
Congratulations to that women for turning her life around. She went from a betrayed wife and being upside down on her home to having savings and finding love. All this was done on a teacher's salary.
It’s sad out here on the west coast that someone can STEAL 6+ months of rent from you before you can get them out of the house
One reason I won't live there. Be smart and get out.
Another reminder as to why we don’t buy rental properties in CA/NY etc.
Imagine trying to evict them in Cali…
This is why a good property manager can be clutch - they will take care of the eviction (although you will still pay).
Property manager take the cream off the top be ur own manager
But use an agent to screen if you aren't people saavy
Not at this time this wokeness and this administration that is for crim8nals than law abiding citizens.
A shame they don't exist.
I love investing in Kentucky. Like Tennessee we can have tenants out in a month. Much simpler process. I would hate to invest in a super blue state.
One of the reasons I avoid real estate. I rather keep buying index fund and go to sleep peacefully at night. Zero stress about tenants or anything breaking
Background checks and credit reports.
For sure
You think that will help? Good luck!
Then they wonder why you want 3-5 times rent
@@AugieBenDougie-wk9pr helps weed out a lot of bad renters or people who will have difficulty paying.
@@joesmith3590my fellow landlord brother. Good to see you on this channel as frequent as Tony's channel
I feel for this lady. The eviction process should’ve started the first month they didn’t pay. Unfortunately, even pre-pandemic, evicting somebody could be very long and costly. I had a friend go through it, and they totally wrecked his house-stopped paying rent . He spent more money on a lawyer than the amount of past due rent -he won a judgment but of course, now he hast to run around Garnishing the wages. Of course the renters don’t get off scot-free there will always be a lien on their credit. It’ll always be hanging over their heads &❤in a come up over every job interview, every time they want to take out a loan of some kind. Good luck to this lady.
Hire an eviction lawyer.
This is a very important lesson for aspiring landlords.
There are tenants who are experts at doing this.
Id NEVER rent out anything lol people suck, no way shes getting out of this situation happy, it will cost her a LOT and not just money she will have PTSD and wont want to rent it out anymore either...but she doesn't sound like she wants to sell it either so she will be stuck with an asset losing money....squatters have way to many rights these days, each case should be taken specifically to allow or not allow someone to stay in someone elses home...NOT a blanket law to protect everyone for years...
Squatters are thieves, intending to commit rent theft. They should be considered criminals and dealt swift punishment action.
Dont invest in rental property in blue states!
In NY prior to Covid if you were lucky you could get someone evicted in 6 months, now after Covid I here it’s up to 1 year at least and I would have to believe in NJ airs the same this woman is screwed. In NY a the laws favor the tenant and as a retired NYPD I seen 20 yrs worth of landlord tenant disputes I will never rent out a place in NY.
Dave was super nice to this poor woman
Never rent out a home you have lived in. You loose your $250,000 single/$500,000 tax exemption.
Renting out a home you’ve owned is by far better, you keep your superior mortgage.
Cut the wires for the air conditioner, remove the unit if needed. remove all the exterior doors.
Illegal in a lot of states
I have a rental property in Oregon and it’s awful 😢. No payments and squatters. Ruined 😡 my credit score! This person was a Ramsey fan who paid 1st month and screwed me over!
Sell now and buy in a red state. And watch Tony at real estate and landlord news
@@georgewagner7787 yeah moving to Texas
Wow that’s terrible
Dave Ramsey is not your therapist. It’s a financial show. Good grief.
Shut up.
It’s ok buddy, relax. People call up with relational issues all the time and this one (a property with emotional ties) hits home with many people.
This is why Dave says you should never take a mortgage on rental property. Sometimes the renters dont pay your mortgage and youre still on the hook
It's funny when people say rentals are passive income. The true passive income is mutual funds. Do same amount each month and wait for the growth.
It's not passive. We get a call every third month about something not working.
Last week it was the fridge
Actually passive income in general is a myth.
@@amireallythatgrumpy6508 How are mutual funds and ETFs not passive income? You set it and forget it.
We rented our house and had one good family and the second family was not. The first family was a military, so we didn’t have any problems. Then they moved out because they bought a home. I was living in another state by then and had warned my then husband, only do a rental agreement with a military family. He said a man, non military family, begged him to let them rent the house and he folded. As expected, they caused problems and after months on nonpayment, we forced them to moved out. Luckily, they didn’t damage the house. My advice is if you are in a military concentrated area, only rent your property to military families. Good luck to everyone else.
Massachusetts pre pandemic took 5-6 months to evict someone (regardless of damages, domestic violence issues, not paying rent, complaints etc etc) . Post pandemic minimum a year. If children are involved , more than a year.
dad rented our old house, first few years it was fine but then this one family came in and stopped paying for months. We went to confront them but they CHANGED THE LOCKS, we got a lock smith to break it and then we found the whole house was TRASHED, like walls were smeared, fridge with leaking eggs…, everything thrown around and trash everywhere. Come to find out they fled the country😑
I got burned bad by a renter back in 07 i evicted her in the meantime i found out she had warrants i got the cops told them where she was but she would watch them pull in front of the house she wouldn't answer the door i was there i told the cop kick the door in but they wouldn't i said i owned the place didn't do any good those cops are worth less
At this point they are not renters, they are squatters.
But passive income. ,🥴. Real estate = real headaches
She was living rent free in Dave's head during the crying fit.
I live in Jersey. Me and a couple of my boys can help her out with these renters. Only 2 points.
Renting out your old house is not a casual thing. It’s a business. You have to be ready to be a business person. My brother in-law is a property manager (about 30 houses) and it’s a full time job for him. He told me once that a bad renter that’s not paying is a gonna take up half his work week for a few months.
Had a similar squatter situation in Oregon. Hired a lawyer for the eviction. Costed $12k in legal fees and 3 months of no rent to get the scum tenants out. That's more than a year of profit of renting. They left the place trashed with dog feces all over the backyard. Worst part is that we saw they bought a new car during the 3 months and it was parked in the driveway. Will never get into real estate again.
I have someone moved down my basement in nyc, the first 2 months she paid, it’s been 2 years since I received a payment
She shouldn't be renting out to random people. She should rent it out to her daughter for dirt cheap until she can afford to buy it
For dirt cheap, no. There’s still a mortgage on that property, so rent it out for it to cover that
@@reese85It's why it's important that if you have a good tenant DON'T BE GREEDY by increasing your rent by too much forcing them to leave. The risk of getting new tenant that's bad isn't worth the few extra hundred dollars you'll gain. Keep good tenants
@@Tunechi65 who said anything about increasing rent? I said why rent it out to the daughter for dirt cheap while there’s still a mortgage on it that has to still be cover? The goal of having tenants is for them to cover the mortgage and any expenses that may pop up. That won’t happen if your renting the place out under market value and what if the mother can’t afford to coverage her expenses and that other mortgage, now what? Being a landlord regardless of what ppl may think is a business, so why would anyone put themselves in a financial situation on purpose?
Brilliant
I have learned from bitter experience NOT to trust the property manager to know what to do. They should be a good resource but, do NOT trust that they know what they are doing and make sure you get copies of all correspondence yourself and instead of letting them handle the legal part, find out who they use and contract with them yourself. I realize that the whole point of having a property manager is so that they will know what to do and sometimes they will talk a great game. Just don't trust it. Verify.
The eviction should have been filed on June 10th. Did your Realtor do a background check?
How much of a security deposit did you require.
Dave is right that possession is far more important than the back rent.
I laugh when people refer to renting as "passive income".
This why you should pay 100% in full when you purchase a rental property.
It's why it's important that if you have a good tenant DON'T BE GREEDY by increasing your rent by too much forcing them to leave. The risk of getting new tenant that's bad isn't worth the few extra hundred dollars you'll gain. Keep good tenants
New Jersey’s like New York is a tenant state it’s hard get them out. probably will be like a year.
Lit ep
There are some good RUclips videos about how to deal with squatters. You cannot go through the court to do it because it will take forever. Best to do it yourself.
She said NJ so an attorney will tell wait to wait 3 to 5 months so the eviction can happen and the people does not have the resources to pay because if you have a tenant that misses one month and you take him to court and he pays the money that’s missing you can’t get rid of them cause they satisfied the payment that’s NJ
File a hold over. Dont file for unpaid rent.
Alberta Canada, as soon as they pay a dollar the eviction process has to stop.
Dave should know this. Eviction is not a quick and done - it can take months if not over a year and expensive court hearings.
My sister’s neighbors got evicted in literally 2 months. We watched them haul out their stuff after a sheriff dropped stuff on their door a few times
@@OopThereItIs77777 Varies based on state laws and circumstances.
@@stevenporter863 Circumstances idk because they had 3 kids & could have gone to the street 🤷♀️ probably should have paid their rent & hope those babies find someone stable to live with & be loved by
Ken was really insightful on this call
Dave: "Wait a minute, they stopped paying you? Just evict them."
Caller: "Yeah, but I live in the real world."
Evictions take many many months and it never ends well for the landlord, especially in a state like NJ. The house is usually trashed and additional costs run into the tens of thousands.
No she does not live in the real world. She lives in America.
If there were just a way to make them WANT to move quickly, like maybe release a few non-venomous snakes on the property. Yes, that's impractical. Could be scary for the other neighbors. Maybe a biker gang decides to have a party on their lawn one Saturday afternoon. Something annoying, not unsafe.
@@CarlaQuattlebaum you know, that's actually not a bad idea. If you know the tenants are trashing your place anyway, you can invite some local fraternities to have a big bash on the front lawn and the backyard. It's your property, you can do whatever you want, have this every weekend. Give them written permission to have a blowout and have a porta potty dropped off with a public restroom sign.
What a wasteful call. I apologize to all who clicked.
“Talk to a lawyer”
“But what about…”
“Talk to a lawyer”
“But what about…”
Ad Infinitum. Some people just like to hear themselves talk
Dave Ramsey isn't what he used to be. The show sure dropped in quality.
@@PhilipMarcYTHe can’t give her legal advice on a state that he is unfamiliar with
I thought the call was useful. Its a heads up for all listeners to not own any property in a blue state. Great call for people to wake up, and get out of dodge.
I'm not sure why she's waited 3 months to call DR and have him give no real answer other than you need to hire a lawyer and I'm not one in NJ. Doesn't take much to pick up the phone, but instead she wants Uncle Dave to hold her hand! 😒
If the renters have children sadly in NJ it can take up too a year.
They will get a sheriff's notice and probably leave the night before, disappear.
A friend had this happen, was out a year of rent money and wound up losing the home.
Commercial property is different.
You can change the locks and hold their stuff. And if no payment their stuff is yours.
Ex-husband left the home, paid alimony and left money to his daughter's when he passed away.
Contact a lawyer! NJ. Gonna be a hassle.
Hope they don’t vandalize her house on their way out. They sound like winners.
She should have never rented it in the first place....
Renters who rent to people who they don't for research should get a little punishment so that they learn their lesson not to do it again.
My father's one of them, crazy b*tch damaged multiple stuff and he still didn't want to admit he was wrong in doing so. I told him it was a bad idea.
Squatters are thieves. It shouldn’t take such red tape to remove them. The system abuses the homeowners.
Good ole Passive Income.......
Surprised this made the show and RUclips.
Why? Dave loves talking about real estate.
@@amireallythatgrumpy6508 the lady didn't really need advice, she was already engaging legal experts familiar with the laws in her state. NJ is way harder than TN to evict someone and Dave didn't really provide anything useful. Basically she was already doing everything she needed and needed reassurance
Hire a management company to deal with it
People that say “real estate is passive income” need to watch this video.
Welp! That’s the risk of using housing as an investment instead of a home. Investors take risks, this was a risk. Oops!
I don’t really understand the point of this call, and what advice she’s asking for.
She said real estate agent, but she must have meant property manager. RE agents arent licenced to carry out evictions.
Does this lady want a cookie for doing what she was supposed to do?
Shut up 😊
Why did she not serve the pay and quit letter on June 6th? Why did she let all these months slip by before taking action?
Edit: Nvm I have no idea how Jersey works
Because she’s nervous and scared about the whole thing, and most people don’t want to have evict their tenants and the whole thing is traumatizing to her. Did you not listen to the same segment as me? Did you not hear the fear in her voice? She just called Dave for basic advice that she could have got from Google…obviously she’s not coping with it well
@@TonyCox1351so what??? Get them out the house!!! No time for her emotions!
@@TonyCox1351if she gets nervous like this, she should NOT be a landlord! She needs to take action, her feelings don’t matter.
I waited an entire month on my rental before starting the eviction process. I let my morals get in the way. Guy said he was going to pay, and he has a kid...I was trying to be nice or help him. In this day and age that is a terrible idea.
@@TRC19999 Sounds like she's trying not to be a landlord. She bought the house because she was tied to her childhood home, and wants to sell it to her daughter. But needed renters to cover the mortgage.
A quick look at NJ law says she can move to evict if rent is not paid within the 5-day grace period, assuming she hasn't habitually accepted late rent in the past. If she accept any payment whatsoever of late rent, that starts a 30 day notice period. She can give 3 day notice to quit under various circumstances (disorderly or illegal conduct, threats or violence against the landlord). Caller probably needs more of an iron backbone than she's accustomed to using.
Since i got burned from renters i ra n back ground cks i had a woman that lived in ohio yrs.ago she moved to Alabama well her son was shot and killed in ohio she wanted to rent a apt. I had for rent in ohio she was calling me all day so i ran a background check on her found out she had evictions from 10years back i told her i couldn't rent to her because of those evictions she said that was years ago i said i am sorry
That's more like a year process if it's a professional tenant. The court won't proceed with eviction before they provide her with a free lawyer. These lawyers don't play fair.
Did she raise their rent to insanity and that's why they are refusing to pay?
"theft is okay if you don't like how much something costs"
Parasite
Most renters are decent people but some aren’t. Wonder if the property manager did a background check on them beforehand.
Time to evict as soon as the court will allow it
ol she in New Jersey, those deadbeat aint getting evicted
@fauxbro1983 oh boy, you are probably right. Hence why I don't landlord in Democratic controlled areas
Courts been open
I would never own property in a blue state or even a state in danger of turning blue. NEVER.
I watch this show for entertainment as much as for financial education.
I watch it for the constipated faces Dave makes and the absolute goober dork look of his cohost
@@dungeonmaster6292👈simp
It sounds like she is using a property management company, the main purpose of these companies is to deal with the legality of evictions. She might need to find a new property management company.
my mother has a business rental and a house rental that I am the heir to. I am not looking forward to it. most people think landlords just sit around and take money from renters. I know better
Just evict them! Should have done that after the 1st month. She's an easy target. Call an attorney who specializes in landlord/tenant law. Don't take any money from them.
This why I do not want to be a landlord. Yes you can make money renting property but you have to have the right mentality or people like this will ruin you.
If you don't own the property you shouldn't have more than 3 months to be kicked out. Not sure how the hell the government thinks this is ok. Basically it says that breaking the law is ok.
If renters dont wanna play nice, then guess what. Landord wont play nice. If it takes a month to evict someone, then whatever. Just let the courts deal with it. If it's a 7-month endeavour, then you best bet they'll be out of that house within a month
It will take years to get them out because they have a lot of rights and the court costs are legal fees are ridiculous high 😮and would be cheaper to pay them to get out.
This is why it will never pay off for me to be a landlord