My Scumbag Renters Aren’t Paying!

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  • Опубликовано: 29 авг 2023
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Комментарии • 452

  • @fishroy1997
    @fishroy1997 9 месяцев назад +324

    Welcome to New Jersey (New York, California, Washington, Oregon) where squatters and non-paying tenants have more rights than property owners.

    • @ONLY1KUDWE
      @ONLY1KUDWE 9 месяцев назад +1

      Clown world on full display.

    • @roystroble3354
      @roystroble3354 9 месяцев назад +6

      🤡 World USA

    • @handleyobusiness
      @handleyobusiness 9 месяцев назад

      Liberals taking accountability are as fictional as the tooth fairy.

    • @chrisoneal2718
      @chrisoneal2718 9 месяцев назад +1

      What do they have in common? They are Democrat-run states!

    • @blueboat9581
      @blueboat9581 9 месяцев назад +20

      Keep voting for those great politicians

  • @caseycantrell-gh6fg
    @caseycantrell-gh6fg 16 дней назад +277

    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.

    • @Lourd-Bab
      @Lourd-Bab 16 дней назад

      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

    • @caseycantrell-gh6fg
      @caseycantrell-gh6fg 16 дней назад

      @@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.

    • @Lourd-Bab
      @Lourd-Bab 16 дней назад

      @@caseycantrell-gh6fg Oh please I’d love that. Thanks!

    • @caseycantrell-gh6fg
      @caseycantrell-gh6fg 16 дней назад

      @@Lourd-Bab Judith Ann peace is her name

    • @caseycantrell-gh6fg
      @caseycantrell-gh6fg 16 дней назад

      Lookup with her name on the webpage.

  • @diml664
    @diml664 9 месяцев назад +87

    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!

    • @angryzak4389
      @angryzak4389 9 месяцев назад +5

      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

    • @Tunechi65
      @Tunechi65 9 месяцев назад +4

      ​@@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

    • @barnabusdoyle4930
      @barnabusdoyle4930 9 месяцев назад +2

      @@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.

    • @josesardinas7660
      @josesardinas7660 9 месяцев назад

      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.

    • @1whical
      @1whical 9 месяцев назад +1

      Generally, they're Democrat led states.

  • @annt2685
    @annt2685 9 месяцев назад +20

    Why is she telling her whole life story??

  • @helenhurley834
    @helenhurley834 9 месяцев назад +74

    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.

    • @marlyce
      @marlyce 9 месяцев назад

      It may have been cheaper to hire someone to "Pacific Heights" him, if you have ever seen that movie, lol...

    • @jdaza1987
      @jdaza1987 9 месяцев назад +3

      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.

    • @joelmartinez2278
      @joelmartinez2278 9 месяцев назад +5

      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.

    • @Azel247
      @Azel247 9 месяцев назад

      @@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.

    • @Jackaroo.
      @Jackaroo. 9 месяцев назад +14

      Your first mistake was doing anything in California.

  • @didine256
    @didine256 9 месяцев назад +36

    The call starts at 4:00 before that the lady is just emotional and feels the need to speak lengthy about her life

    • @luminous6969
      @luminous6969 9 месяцев назад +12

      Yeah that came out of nowhere haha.

    • @And1one757
      @And1one757 9 месяцев назад +6

      Women got to make themselves the victim 1st then they can possibly proceed

    • @JonathanIvy221
      @JonathanIvy221 9 месяцев назад +1

      For some reason being emotional will make this process easier.. lol. People are weird

  • @5points7019
    @5points7019 9 месяцев назад +45

    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.

    • @pghmoore
      @pghmoore 9 месяцев назад +2

      I thought the same thing.

  • @mrjack8849
    @mrjack8849 9 месяцев назад +80

    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.

    • @georgewagner7787
      @georgewagner7787 9 месяцев назад +8

      Rentals can be ok if you listen to your agent. Why would she think she knew better than someone in the Industry?

    • @iamkesha.
      @iamkesha. 9 месяцев назад +6

      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.

    • @John3.36
      @John3.36 9 месяцев назад +14

      That is on you for ignoring the "Bad Credit" when that company flagged her.

    • @charlesg7926
      @charlesg7926 8 месяцев назад +2

      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.

  • @Rudy4759
    @Rudy4759 9 месяцев назад +19

    These are the type of calls that makes you want to get rid of real estate and put it all in index funds.

  • @grease58
    @grease58 9 месяцев назад +13

    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.

    • @VeeAlee
      @VeeAlee 9 месяцев назад +1

      They don't care trust. Some do this for living. Go from home to home.

    • @analyticalchick3064
      @analyticalchick3064 5 месяцев назад

      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.

  • @sconnell1791
    @sconnell1791 9 месяцев назад +105

    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.

    • @md-wg4bz
      @md-wg4bz 9 месяцев назад +7

      At least she will get them out.

    • @reese85
      @reese85 9 месяцев назад +6

      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

    • @reese85
      @reese85 9 месяцев назад +9

      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

    • @nikolaig1
      @nikolaig1 9 месяцев назад +1

      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

    • @HaroRider03088
      @HaroRider03088 9 месяцев назад +16

      ​@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...

  • @HighCountryRambler
    @HighCountryRambler 9 месяцев назад +9

    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.

    • @arh1234
      @arh1234 9 месяцев назад +1

      Where is the house located?

    • @HighCountryRambler
      @HighCountryRambler 9 месяцев назад

      @@arh1234 It's in Elbert County Colorado.

    • @Dividendflywheel
      @Dividendflywheel 9 месяцев назад +1

      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.

  • @mikestil1
    @mikestil1 9 месяцев назад +25

    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.

    • @joelmartinez2278
      @joelmartinez2278 9 месяцев назад +2

      Rent to military families, they will give you know problems, just might move in 2 or 3 years.

    • @annehajdu8654
      @annehajdu8654 9 месяцев назад

      ​, *no

    • @Dividendflywheel
      @Dividendflywheel 9 месяцев назад

      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.

  • @incredibleshrinkingfungus1731
    @incredibleshrinkingfungus1731 9 месяцев назад +51

    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!

    • @tdgdbs1
      @tdgdbs1 9 месяцев назад

      Only if you live in a communist state.

    • @MrJr1976
      @MrJr1976 9 месяцев назад +3

      Depends on the state

    • @Tunechi65
      @Tunechi65 9 месяцев назад +10

      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

    • @sikwithin
      @sikwithin 9 месяцев назад

      If you want real estate just buy REITs.

    • @charlesg7926
      @charlesg7926 8 месяцев назад +1

      Don’t buy in liberal states then you’ll be fine lol.

  • @jaclynbannister1877
    @jaclynbannister1877 9 месяцев назад +10

    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!

  • @lkj0822g
    @lkj0822g 9 месяцев назад +27

    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.

    • @drlax15m
      @drlax15m 9 месяцев назад +2

      commercial market isn’t great right now, there is a shortage of housing

    • @lkj0822g
      @lkj0822g 9 месяцев назад +1

      @@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.

    • @Tunechi65
      @Tunechi65 9 месяцев назад +6

      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

    • @Dividendflywheel
      @Dividendflywheel 9 месяцев назад

      @@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)

    • @Dividendflywheel
      @Dividendflywheel 9 месяцев назад +1

      @@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

  • @kyungshim6483
    @kyungshim6483 9 месяцев назад +13

    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.

  • @joeriveracomedy
    @joeriveracomedy 9 месяцев назад +5

    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.

  • @YT0091
    @YT0091 9 месяцев назад +7

    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.

  • @FrankPersico
    @FrankPersico 9 месяцев назад +7

    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.

  • @MichaelAnderson-wk1no
    @MichaelAnderson-wk1no 9 месяцев назад +38

    But I thought rental properties were easy "passive" income?... 🙄

    • @TonyCox1351
      @TonyCox1351 9 месяцев назад +9

      If your tenant refuses to pay it’s never easy and you almost always have to get the courts involved

    • @KS_1995
      @KS_1995 9 месяцев назад +4

      It is if you screen properly and have a little good fortune on your side. 5 years no missed payments here.

    • @MichaelAnderson-wk1no
      @MichaelAnderson-wk1no 9 месяцев назад +8

      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.

    • @KS_1995
      @KS_1995 9 месяцев назад +1

      @MichaelAnderson-wk1no different strokes my man! I’m happy you’ve found something that works for you.

    • @stuffykong
      @stuffykong 9 месяцев назад +1

      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.

  • @creolelady182
    @creolelady182 9 месяцев назад +11

    Incredible she has to ask Dave about what to do

    • @ryankiel4895
      @ryankiel4895 9 месяцев назад +1

      She is a landlord by default, because she wanted to keep the house. That's generally not a good plan.

  • @robloxvids2233
    @robloxvids2233 9 месяцев назад +9

    2:15 here we go. Here come the tears. She's a victim and wants to be celebrated for her stunning bravery.

    • @Dividendflywheel
      @Dividendflywheel 9 месяцев назад +1

      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

  • @MikeyPaper
    @MikeyPaper 9 месяцев назад +19

    Its sad a few bad apples ruin it for the rest. Bad tenants are an absolute nightmare!

    • @alinatamashevich3354
      @alinatamashevich3354 9 месяцев назад +2

      And that is 50% of them! This "big" money from being a landlord is a pipe dream.

  • @porterosbournejr.5083
    @porterosbournejr.5083 9 месяцев назад +24

    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.

    • @Bigbilly-ms9bn
      @Bigbilly-ms9bn 9 месяцев назад +1

      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.

    • @johnnastrom9400
      @johnnastrom9400 9 месяцев назад

      "who have the local & federal governments on their side" -- Yes, especially here in Los Angeles.

    • @johnnastrom9400
      @johnnastrom9400 9 месяцев назад +1

      @@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.

    • @Bigbilly-ms9bn
      @Bigbilly-ms9bn 9 месяцев назад +1

      @@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.

    • @porterosbournejr.5083
      @porterosbournejr.5083 9 месяцев назад

      @@Bigbilly-ms9bn because the market is going up. They base rent on that.

  • @phobedavis7014
    @phobedavis7014 9 месяцев назад +9

    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.

  • @currenteventsenthusiast9477
    @currenteventsenthusiast9477 9 месяцев назад +15

    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

    • @jimroscovius
      @jimroscovius 9 месяцев назад +2

      One reason I won't live there. Be smart and get out.

  • @InternetUser._
    @InternetUser._ 9 месяцев назад +4

    Another reminder as to why we don’t buy rental properties in CA/NY etc.

  • @iseepandas1
    @iseepandas1 9 месяцев назад +8

    Imagine trying to evict them in Cali…

  • @linuxsurfer2002
    @linuxsurfer2002 9 месяцев назад +14

    This is why a good property manager can be clutch - they will take care of the eviction (although you will still pay).

    • @rogerhoward1900
      @rogerhoward1900 9 месяцев назад

      Property manager take the cream off the top be ur own manager

    • @georgewagner7787
      @georgewagner7787 9 месяцев назад +1

      But use an agent to screen if you aren't people saavy

    • @carmenross1077
      @carmenross1077 9 месяцев назад

      Not at this time this wokeness and this administration that is for crim8nals than law abiding citizens.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 9 месяцев назад

      A shame they don't exist.

  • @mattymatt5029
    @mattymatt5029 9 месяцев назад +1

    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.

  • @JonathanIvy221
    @JonathanIvy221 9 месяцев назад +6

    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

  • @butlerbees6639
    @butlerbees6639 9 месяцев назад +15

    Background checks and credit reports.

    • @YoPhocFays
      @YoPhocFays 9 месяцев назад

      For sure

    • @AugieBenDougie-wk9pr
      @AugieBenDougie-wk9pr 9 месяцев назад +8

      You think that will help? Good luck!

    • @joesmith3590
      @joesmith3590 9 месяцев назад +6

      Then they wonder why you want 3-5 times rent

    • @butlerbees6639
      @butlerbees6639 9 месяцев назад

      @@AugieBenDougie-wk9pr helps weed out a lot of bad renters or people who will have difficulty paying.

    • @YoPhocFays
      @YoPhocFays 9 месяцев назад +1

      ​@@joesmith3590my fellow landlord brother. Good to see you on this channel as frequent as Tony's channel

  • @firegirljen
    @firegirljen 9 месяцев назад +6

    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.

  • @Dividendflywheel
    @Dividendflywheel 9 месяцев назад +2

    Hire an eviction lawyer.
    This is a very important lesson for aspiring landlords.
    There are tenants who are experts at doing this.

  • @cutlerylover
    @cutlerylover 9 месяцев назад +8

    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...

  • @cju4300
    @cju4300 9 месяцев назад +2

    Squatters are thieves, intending to commit rent theft. They should be considered criminals and dealt swift punishment action.

  • @FrankandCents28
    @FrankandCents28 9 месяцев назад +7

    Dont invest in rental property in blue states!

  • @robertsquared2916
    @robertsquared2916 9 месяцев назад +2

    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.

  • @vjs4539
    @vjs4539 9 месяцев назад +4

    Dave was super nice to this poor woman

  • @jeffdarleneriel5628
    @jeffdarleneriel5628 9 месяцев назад +5

    Never rent out a home you have lived in. You loose your $250,000 single/$500,000 tax exemption.

    • @adamseidel9780
      @adamseidel9780 9 месяцев назад

      Renting out a home you’ve owned is by far better, you keep your superior mortgage.

  • @chriscrawl3732
    @chriscrawl3732 9 месяцев назад +1

    Cut the wires for the air conditioner, remove the unit if needed. remove all the exterior doors.

    • @racheln4309
      @racheln4309 5 месяцев назад

      Illegal in a lot of states

  • @roolyfe
    @roolyfe 9 месяцев назад +8

    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!

    • @georgewagner7787
      @georgewagner7787 9 месяцев назад +1

      Sell now and buy in a red state. And watch Tony at real estate and landlord news

    • @roolyfe
      @roolyfe 9 месяцев назад +1

      @@georgewagner7787 yeah moving to Texas

    • @jhonilocran6077
      @jhonilocran6077 9 месяцев назад

      Wow that’s terrible

  • @Mr_Fairdale
    @Mr_Fairdale 9 месяцев назад +28

    Dave Ramsey is not your therapist. It’s a financial show. Good grief.

    • @OopThereItIs77777
      @OopThereItIs77777 9 месяцев назад +1

      Shut up.

    • @nataliazakula3400
      @nataliazakula3400 9 месяцев назад +5

      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.

  • @BadBrad119
    @BadBrad119 9 месяцев назад +1

    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

  • @Seromontis
    @Seromontis 9 месяцев назад +5

    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.

    • @georgewagner7787
      @georgewagner7787 9 месяцев назад +1

      It's not passive. We get a call every third month about something not working.

    • @georgewagner7787
      @georgewagner7787 9 месяцев назад +1

      Last week it was the fridge

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 9 месяцев назад +1

      Actually passive income in general is a myth.

    • @Vazcov1609
      @Vazcov1609 9 месяцев назад

      @@amireallythatgrumpy6508 How are mutual funds and ETFs not passive income? You set it and forget it.

  • @iamkesha.
    @iamkesha. 9 месяцев назад +2

    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.

  • @meangreen320
    @meangreen320 9 месяцев назад +1

    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.

  • @Samir-rd8xp
    @Samir-rd8xp 4 месяца назад

    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😑

  • @rogerhoward1900
    @rogerhoward1900 9 месяцев назад +7

    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

  • @thebastardgift
    @thebastardgift 9 месяцев назад +6

    At this point they are not renters, they are squatters.

  • @djpuplex
    @djpuplex 9 месяцев назад +5

    But passive income. ,🥴. Real estate = real headaches

    • @djpuplex
      @djpuplex 9 месяцев назад +1

      She was living rent free in Dave's head during the crying fit.

  • @1ButtonDash
    @1ButtonDash 9 месяцев назад +4

    I live in Jersey. Me and a couple of my boys can help her out with these renters. Only 2 points.

  • @crowtservo
    @crowtservo 9 месяцев назад +1

    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.

  • @coffeeplease1103
    @coffeeplease1103 8 месяцев назад

    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.

  • @willjean1614
    @willjean1614 9 месяцев назад +1

    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

  • @RobGoldy
    @RobGoldy 9 месяцев назад +37

    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

    • @reese85
      @reese85 9 месяцев назад +6

      For dirt cheap, no. There’s still a mortgage on that property, so rent it out for it to cover that

    • @Tunechi65
      @Tunechi65 9 месяцев назад +1

      ​@@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

    • @reese85
      @reese85 9 месяцев назад +1

      @@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?

    • @Dividendflywheel
      @Dividendflywheel 9 месяцев назад

      Brilliant

  • @jackiekjono
    @jackiekjono 6 дней назад

    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.

  • @miketracy9256
    @miketracy9256 9 месяцев назад +1

    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.

  • @cdavidlake2
    @cdavidlake2 9 месяцев назад +4

    I laugh when people refer to renting as "passive income".

  • @qjc2300
    @qjc2300 9 месяцев назад +2

    This why you should pay 100% in full when you purchase a rental property.

  • @Tunechi65
    @Tunechi65 9 месяцев назад +2

    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

  • @jaylenjenkins1696
    @jaylenjenkins1696 9 месяцев назад +1

    New Jersey’s like New York is a tenant state it’s hard get them out. probably will be like a year.

  • @TharsanJeyachandran
    @TharsanJeyachandran 9 месяцев назад

    Lit ep

  • @John3.36
    @John3.36 9 месяцев назад +3

    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.

  • @CichlidWorldWonders
    @CichlidWorldWonders 9 месяцев назад +9

    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

    • @HaroRider03088
      @HaroRider03088 9 месяцев назад +2

      File a hold over. Dont file for unpaid rent.

  • @JewelBlueIbanez
    @JewelBlueIbanez 9 месяцев назад

    Alberta Canada, as soon as they pay a dollar the eviction process has to stop.

  • @stevenporter863
    @stevenporter863 9 месяцев назад +2

    Dave should know this. Eviction is not a quick and done - it can take months if not over a year and expensive court hearings.

    • @OopThereItIs77777
      @OopThereItIs77777 9 месяцев назад

      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

    • @stevenporter863
      @stevenporter863 9 месяцев назад

      @@OopThereItIs77777 Varies based on state laws and circumstances.

    • @OopThereItIs77777
      @OopThereItIs77777 9 месяцев назад

      @@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

  • @dr.bradshaw
    @dr.bradshaw 9 месяцев назад +1

    Ken was really insightful on this call

  • @XennialGuy
    @XennialGuy 9 месяцев назад +19

    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.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 9 месяцев назад

      No she does not live in the real world. She lives in America.

    • @CarlaQuattlebaum
      @CarlaQuattlebaum 9 месяцев назад +2

      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.

    • @XennialGuy
      @XennialGuy 9 месяцев назад +1

      @@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.

  • @luisvigo3777
    @luisvigo3777 9 месяцев назад +33

    What a wasteful call. I apologize to all who clicked.

    • @zachvillani-raymond8475
      @zachvillani-raymond8475 9 месяцев назад +6

      “Talk to a lawyer”
      “But what about…”
      “Talk to a lawyer”
      “But what about…”
      Ad Infinitum. Some people just like to hear themselves talk

    • @PhilipMarcYT
      @PhilipMarcYT 9 месяцев назад +4

      Dave Ramsey isn't what he used to be. The show sure dropped in quality.

    • @legony1
      @legony1 9 месяцев назад +10

      @@PhilipMarcYTHe can’t give her legal advice on a state that he is unfamiliar with

    • @stevegolacks8731
      @stevegolacks8731 9 месяцев назад +12

      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.

    • @jwlsngold5026
      @jwlsngold5026 9 месяцев назад +2

      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! 😒

  • @gitouttamyway7611
    @gitouttamyway7611 8 месяцев назад

    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.

  • @Mr.Boring_Man
    @Mr.Boring_Man 5 месяцев назад

    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.

  • @alexandralovesgoats3360
    @alexandralovesgoats3360 9 месяцев назад +5

    Hope they don’t vandalize her house on their way out. They sound like winners.

    • @michaelduke4500
      @michaelduke4500 9 месяцев назад +1

      She should have never rented it in the first place....

    • @PhilipMarcYT
      @PhilipMarcYT 9 месяцев назад

      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.

  • @reneejkd
    @reneejkd 9 месяцев назад

    Squatters are thieves. It shouldn’t take such red tape to remove them. The system abuses the homeowners.

  • @HumidorsandHumbuckers
    @HumidorsandHumbuckers 9 месяцев назад +10

    Good ole Passive Income.......

  • @LiquidRetro
    @LiquidRetro 9 месяцев назад

    Surprised this made the show and RUclips.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 9 месяцев назад

      Why? Dave loves talking about real estate.

    • @LiquidRetro
      @LiquidRetro 9 месяцев назад

      @@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

  • @johncameron4194
    @johncameron4194 9 месяцев назад

    Hire a management company to deal with it

  • @csizzle24377
    @csizzle24377 9 месяцев назад +10

    People that say “real estate is passive income” need to watch this video.

  • @danigirl103
    @danigirl103 9 месяцев назад +2

    Welp! That’s the risk of using housing as an investment instead of a home. Investors take risks, this was a risk. Oops!

  • @user-qi8kb1xl2f
    @user-qi8kb1xl2f 9 месяцев назад +1

    I don’t really understand the point of this call, and what advice she’s asking for.

  • @DoctorSmartyPants
    @DoctorSmartyPants 9 месяцев назад

    She said real estate agent, but she must have meant property manager. RE agents arent licenced to carry out evictions.

  • @listerinr
    @listerinr 9 месяцев назад +6

    Does this lady want a cookie for doing what she was supposed to do?

  • @daveblackman816
    @daveblackman816 9 месяцев назад +15

    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

    • @TonyCox1351
      @TonyCox1351 9 месяцев назад +5

      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

    • @PepeToTheMooon
      @PepeToTheMooon 9 месяцев назад +4

      @@TonyCox1351so what??? Get them out the house!!! No time for her emotions!

    • @TRC19999
      @TRC19999 9 месяцев назад +5

      @@TonyCox1351if she gets nervous like this, she should NOT be a landlord! She needs to take action, her feelings don’t matter.

    • @HaroRider03088
      @HaroRider03088 9 месяцев назад +4

      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.

    • @TonyCox1351
      @TonyCox1351 9 месяцев назад

      @@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.

  • @kameronkiggins5126
    @kameronkiggins5126 9 месяцев назад

    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.

  • @rogerhoward1900
    @rogerhoward1900 9 месяцев назад +1

    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

  • @jeanlenor1858
    @jeanlenor1858 9 месяцев назад +4

    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.

  • @Mam-ur1
    @Mam-ur1 9 месяцев назад +5

    Did she raise their rent to insanity and that's why they are refusing to pay?

    • @Pepestock
      @Pepestock 9 месяцев назад +1

      "theft is okay if you don't like how much something costs"
      Parasite

  • @RonniewbNC
    @RonniewbNC 8 месяцев назад

    Most renters are decent people but some aren’t. Wonder if the property manager did a background check on them beforehand.

  • @YoPhocFays
    @YoPhocFays 9 месяцев назад +9

    Time to evict as soon as the court will allow it

    • @fauxbro1983
      @fauxbro1983 9 месяцев назад +2

      ol she in New Jersey, those deadbeat aint getting evicted

    • @YoPhocFays
      @YoPhocFays 9 месяцев назад

      ​@fauxbro1983 oh boy, you are probably right. Hence why I don't landlord in Democratic controlled areas

    • @reese85
      @reese85 9 месяцев назад

      Courts been open

  • @midlifecrisis7888
    @midlifecrisis7888 9 месяцев назад +2

    I would never own property in a blue state or even a state in danger of turning blue. NEVER.

  • @lyndaslocs
    @lyndaslocs 9 месяцев назад +3

    I watch this show for entertainment as much as for financial education.

    • @dungeonmaster6292
      @dungeonmaster6292 9 месяцев назад

      I watch it for the constipated faces Dave makes and the absolute goober dork look of his cohost

    • @marywebb9127
      @marywebb9127 9 месяцев назад

      ​@@dungeonmaster6292👈simp

  • @barnabusdoyle4930
    @barnabusdoyle4930 9 месяцев назад

    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.

  • @smokinhalf
    @smokinhalf 9 месяцев назад

    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

  • @Elizabeth_lowkeyluxuries
    @Elizabeth_lowkeyluxuries 9 месяцев назад +1

    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.

  • @stephencullum8255
    @stephencullum8255 9 месяцев назад +2

    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.

  • @AimeePoppinBabies
    @AimeePoppinBabies 9 месяцев назад

    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.

  • @MrJr1976
    @MrJr1976 9 месяцев назад +1

    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

  • @ianmowbray3284
    @ianmowbray3284 9 месяцев назад +1

    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.

  • @martinramirezmi5457
    @martinramirezmi5457 9 месяцев назад +2

    This is why it will never pay off for me to be a landlord