City Bans Landlords From Charging Fees, Landlords Respond By Raising Rents

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  • Опубликовано: 26 дек 2024

Комментарии • 107

  • @GA-hf2bg
    @GA-hf2bg 20 часов назад +19

    How about the fees the city charge the landlord, isnt that "predatory"?

    • @stevengoldstein114
      @stevengoldstein114 16 часов назад

      Those were legislative and were done with representation. And again many are based on assessments that can be revised upon request for free.

    • @aao449
      @aao449 16 часов назад +1

      Requesting a reduction is merely a request, not a guarantee of a reduction of your bill. This also must be done annually. Most ppl don’t have the wherewithal or energy to have this battle every year. It’s a scam.

    • @stevengoldstein114
      @stevengoldstein114 15 часов назад

      @aao449 I did for 16 years. You can put a document on your computer with a calender reminder. This was just trying to evade what is standard operating practices. Stop this nonsense.

    • @aao449
      @aao449 15 часов назад

      Again, you can put as many reminders as you want on your calendar and your petition gets denied. Most home owners, business owners, and property owners just pay the rising tax bills, others default.
      Again, representation or none, the tenant foots the bill. If the property is vacant, the property owner foots the bill.

    • @stevengoldstein114
      @stevengoldstein114 15 часов назад

      @aao449 you have no evidence to claim people get rejected. In my history, i saved $3,000 annually. In fact you need to see the Jackson County story. The assessor has the burden of proving your property value. This is just another fake argument. And if vacant that is the responsibility of the landlord

  • @michaelgillis8445
    @michaelgillis8445 20 часов назад +10

    Thanks for providing this information. I agree the landlord should be able to charge fees but must be transparent.

    • @jimmyday9536
      @jimmyday9536 19 часов назад +1

      They are in lease, otherwise not enforceable. But really, how many tenants actually read and understand the whole lease before putting their John Hancock to it?

    • @swallowedinthesea11
      @swallowedinthesea11 19 часов назад

      @@jimmyday9536 What are the elderly going to buy? A new house? A new Lamborghini or Tesla? Why not give the money to someone who is struggling?

    • @Deborahtunes
      @Deborahtunes 16 часов назад

      ​@@jimmyday9536 ~ Before we signed our lease, the property manager went over everything in the lease, page by page, line by line...

  • @vivillager
    @vivillager 20 часов назад +10

    I'd do the same, as a matter in fact, I already have in a different industry. I'm also a used car dealer that provides in house financing. I've had some people who tried to skip our on me, but I'm very prepared to recover the asset anyways. One of my go-to tools in such a case, is adding GPS to the car. But I was barred from recovering the cost of the GPS... so I just upped the base price of the car. As Tony stated, problem solved

    • @stevengoldstein114
      @stevengoldstein114 15 часов назад

      And Steve Lehto described many cases of used car companies using self financing going under, and worse in some cases ordered closed by courts, and recently some dealers put in jail with $100000 fines. And since we do not know the business name, we cannot verify good business practices.

  • @jimmyday9536
    @jimmyday9536 19 часов назад +6

    The Poster Child of excessive fees is your property tax bill. And banks charge fees, credit card have fees, and when I renewed vehicle registration, MD charges a fee for using a credit card! And fees for "express service". As a landlord, we only charge application fees, to cover our expenses, and additional pet deposit. Some landlords charge move-in fees, move-out cleaning fees, etc. and as usual, Tony is right; it is all spelled out in the lease and no one is being forced to sign it.

    • @jonathanjones3126
      @jonathanjones3126 19 часов назад

      But banks have strong political backing therefore it is allowed

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      But all landlords colluding to act the same way is,an antitrust law violation. All apartment associations print out the same contract.

    • @jonathanjones3126
      @jonathanjones3126 18 часов назад +3

      @stevengoldstein114 what is your objection to a standardized contract that is legal? That is not collusion it's called working together, pooling resources. When unions do it people cheer, when companies do it The naive fools says it's illegal.

    • @eurmahm
      @eurmahm 18 часов назад

      @@jimmyday9536 I'm looking at a place right now whose application fee is $100. What "expenses" is this landlord covering when electronic credit/bg screens don't cost anywhere near that much?

    • @stevengoldstein114
      @stevengoldstein114 17 часов назад

      ​@jonathanjones3126 that kind of standardization eliminates any choice from the customer. In effect, it is under duress and coercion

  • @patriciaannfoy5476
    @patriciaannfoy5476 18 часов назад +8

    Look at your utilities bill, property taxes and see the fees you are charged by the government

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      All done with proper representation, all legislation went through proper channels. What are you trying to claim here?

    • @aao449
      @aao449 16 часов назад +1

      Utilities, property taxes, property insurance, trash collection, maintenance services, vendor services, etc, etc All of those fees have gone up and continue to go up.
      The same City and county representatives who raise the water bill rates and property taxes are the same reps who fight the property owners from raising rents to help to foot the bill. How does any of this make sense?

    • @stevengoldstein114
      @stevengoldstein114 16 часов назад

      @aao449 it is done though representative legislation and public hearings and transparency. All of which landlords do not do, in fact they demand complete secrecy even to the point of not providing any copies of leases to be visible to the public

    • @stevengoldstein114
      @stevengoldstein114 16 часов назад

      @aao449 it is done though representative legislation and public hearings and transparency. All of which landlords do not do, in fact they demand complete secrecy even to the point of not providing any copies of leases to be visible to the public

    • @aao449
      @aao449 16 часов назад +2

      Well, while we thank God for “properly channeled representation” choosing to raise costs, “representation” did not elect to pay any of the bills. This is where the tenant comes in. Hopefully, the tenant fells well represented ‘cos they’ll be footing this bill.

  • @TL-wy1nk
    @TL-wy1nk 19 часов назад +6

    I think the fees should be wrapped in the rent just like a used car dealer. They charge a higher finance rate for low lives, and use GPS. Perfect solution.

    • @TheTramp_962
      @TheTramp_962 5 часов назад

      An interesting question is why these used car dealers put GPS in their cars in the first place? I bought my pre-owned car from the Toyota dealership and it does not have a GPS installed

  • @thesewingeyedoc
    @thesewingeyedoc 14 часов назад +2

    So the city can charge you bogus fees and so call taxes that go up every year, but the landlord cannot recoup those fees from their tenants? What a bucket of bs! If the tenant agrees prior to signing a lease, why does the city has any authority to have any say so! These tenants rights groups have overstepped their rights.

    • @stevengoldstein114
      @stevengoldstein114 13 часов назад

      Absolutely false, the US Supreme Court told you that 5 times this year. All contracts are subject to any law that impacts the transaction. And yes laws are tighter and getting more tighter. You cannot claim this proven false theory.

  • @zxtenn
    @zxtenn 18 часов назад +5

    I wish these special interest groups were so eager to talk about how section 8 garbage or bad tenants DESTROY a landlords house leaving 20 grand in damage or maybe more. What is the landlords right to sue them, etc. for full recovery? We all know the answer! Why would anyone spend 200K on a house and not expect to make a decent profit? They can easily invest in stocks or other things and forget being a landlord.

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      More unsubstantiated allegations and distraction.

    • @zxtenn
      @zxtenn 17 часов назад

      @@stevengoldstein114 RUclips is INFESTED with landlords homes being DESTROYED by human garbage section 8 trash too lazy to work, how long does it take to evict someone while the 'process; is in motion? Landlords often loose their investments in these low-income 5th world cesspools.

    • @stevengoldstein114
      @stevengoldstein114 17 часов назад

      ​@zxtenn RUclips's is not evidence. In fact it never can be submitted as evidence in court. Nice try to distract. By the way there is no law requiring any tenants to submit ro any background checks or credit history. In fact the federal law requires credit checks be performed by financial institutions and not landlords.

    • @zxtenn
      @zxtenn 16 часов назад

      @@stevengoldstein114 Oh, so human trash career criminals with a credit score of 400 are eligible to live somewhere for free? They seem to be habitual con artists moving in, then not paying just destroying. If pictures and videos arent evidence i suggest the laws need to be changed. Landlords need to sell their homes and invest in other things with less stress and drama with human garbage tenants. I don't live for free and i don't destroy things so why are they eligible and not punished to live for free while acting like packs of hyenas?

    • @musictosoothe
      @musictosoothe 14 часов назад +1

      @@stevengoldstein114Shouldn't matter. Then landlords should use financial institutions to check a tenants credit. Landlords should have the right to check credit, and background. Who in their right mind would rent a property without that?

  • @tycoonavenue
    @tycoonavenue 9 часов назад +1

    It's time to fight back because that's ridiculous. If you want to call it predatory, that's fine. But that means we're doing away with arbitrary banking fees as well. While we're at it, let's look at the insurance industry. Let's tackle those arbitrary fees, AND premium increases.

  • @johnsterling8927
    @johnsterling8927 9 часов назад

    Example: The contract imposes a 10% late fee for failing to pay rent by the 5th of the month. Remember, the landlord may have a mortgage to pay on this rental property. That mortgage must be paid to the lender whether or not the tenant has paid the monthly rent. If the fees are specified in the contract, then the tenant must pay the fees. Nobody forced the tenant to sign the contract. If you don't want to pay the late fee, then pay your rent on time.

  • @MamaMOB
    @MamaMOB 11 часов назад +1

    Wait you mean when I can't charge you for the damage you've caused I have to charge everyone for the damage you've caused? You mean being a landlord is a business and not a charity? I'm shocked! Shocked I tell ya!

    • @stevengoldstein114
      @stevengoldstein114 10 часов назад

      What damages, and how are they forensically tied to a person. If you have that, it is called vandalism and it is a crime.

  • @julietewing4847
    @julietewing4847 12 часов назад +1

    Fees added into a 12-month rental lease.
    Explained to the tenant before signing.

    • @MamaMOB
      @MamaMOB 11 часов назад +1

      If it was disclosed before the tenant signed why wouldn't it have just been in the original agreement? This is for things that arise after the fact. Cuz if you knew about it when you wrote the contract it should be included in the contract.

    • @stevengoldstein114
      @stevengoldstein114 10 часов назад

      Thats only if the law allows it, and the market will tolerate it, or there is unlawful antitrust and RICO violations.

    • @julietewing4847
      @julietewing4847 8 часов назад +1

      @@stevengoldstein114 Enough Steve
      I'm not racketeering, baiting

    • @julietewing4847
      @julietewing4847 8 часов назад +1

      @MamaMOB You can do it either way, but if you have it in writing and it's signed, they can't say later it wasn't mentioned and try to bow out of it.

    • @stevengoldstein114
      @stevengoldstein114 8 часов назад

      @julietewing4847 there ae increasing city and state laws that prohibit these fees, and many of them have seen rent drop, not increased.

  • @Deborahtunes
    @Deborahtunes 16 часов назад +1

    So what are these "fees" you're talking about?
    I mean, I can understand late fees. But if landlords are just arbitrarily charging extra money for ridiculous things, I can understand the issue...

  • @mikenuyen4441
    @mikenuyen4441 16 часов назад +1

    It benefits the entire community. It brings in the deep pockets and that helps the local economics. Not fair? Oh really?

  • @chrispattee77
    @chrispattee77 15 часов назад +1

    Perhaps it would be wiser if landlords raised the deposits. It would reward those who didn't destroy the property 🤔

    • @stevengoldstein114
      @stevengoldstein114 15 часов назад

      There is no independent reliable research that proves this over simplistic idea, results in laws restrictions on security deposits, and you know it.

    • @lw3269
      @lw3269 3 часа назад

      Many states restrict how much you can hold as a deposit.

  • @karenstein8261
    @karenstein8261 12 часов назад

    Balderdash. Free choice? Contract? Oh, please . . . Property managers have no intention of honoring any part of the agreement beyond cashing your check.
    Fees? Words mean things. “Nonrefundable deposit” is a common term I see, especially in regard to pets. If it’s not refundable it’s a fee, not a deposit. “Nonrefundable fee” is a contradiction in terms. Either it’s a deposit - refundable under honorable conditions - or it’s a fee.
    Security deposit? Again - many managers consider the deposit monies as pure profit and have no intention of returning them. They’ll claim you didn’t vacuum good enough and use that to claim the entire deposit. They will deny any claim of “ordinary wear and tear;” why it’s perfectly reasonable to expect the place to go decades without painting.
    Then there are the “pet fees,” added to the rent AND the “Nonrefundable deposit” AND the higher rent (because you have a goldfish) AND the increased “security deposit” PLUS the “first” and “last” months’ rent PLUS “key money.” Kind of reminds me of those shady tire shops whose $50 tire will actually cost you $150 by the time they finish adding all their “fees.” My word for that is “dishonest.”
    Yet dare to suggest ANY check on the aspirations of royalty “landlords” have and you’ll hear them scream like a whore who had a check bounce. As if their inherent market advantage - their dozens, even hundreds of rentals versus your one home - isn’t enough. Just listen to landlords howl whenever someone else suggests building more housing.
    I’ve heard your assertion that you’re a “good landlord.” Yea, right. Massa is good to his “children.”

  • @jeretso
    @jeretso 19 часов назад +2

    It will become an arms race and city will propose rent control next. When landlord goes out of business and rentals disappear then the city will pass eviction control.

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      And all preventable, except landlords will exploit anyone anywhere. Thus the US Supreme Court 5 times in the last year rejected any claims from landlords

  • @stevengoldstein114
    @stevengoldstein114 10 часов назад

    Government regulation and laws are the market demanding involuntarily controls on a market. And so far since the US Supreme Court rejects the claims made, especially the last 5 dases, it looks like the market has a choice, reform voluntarily of face new laws.

  • @AQuietNight
    @AQuietNight 11 часов назад

    Government regulation is the market talking back to the service or goods provider.

    • @robgrey6183
      @robgrey6183 10 часов назад

      Enjoy living under a bridge.

    • @stevengoldstein114
      @stevengoldstein114 10 часов назад

      Exactly, the market are voters, and they collectively bargain on laws. Laws are involuntarily market forces. If the market doesn't volunteer to reform, it gets forced with laws.

  • @stevengoldstein114
    @stevengoldstein114 19 часов назад +3

    More REAL NEWS to see, Thousands of Cleveland landlords are about to get hit with a hefty fine
    Updated: Dec. 24, 2024, 12:11 a.m.
    |Published: Dec. 23, 2024, 8:38 a.m.
    CLEVELAND, Ohio - Thousands of landlords ignoring code violations in Cleveland could be getting a special gift from the city’s inspectors to start 2025: a $200 fine.
    The city’s Building and Housing department is preparing to use its new civil ticketing system, designed to financially punish property owners who break the rules. Director Sally Martin O’Toole told City Council members that the first order of business is to blanket issue fines to “everybody who has not registered a rental property but should have.”

    • @mapleaf6672
      @mapleaf6672 18 часов назад

      More FAKE NEWS! LOL

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      ​​@@mapleaf6672wrong again from the Cleveland dot website

    • @musictosoothe
      @musictosoothe 14 часов назад

      Code violations, but probably can't get tenants who don't pay rent out. No rent = less repairs.

    • @stevengoldstein114
      @stevengoldstein114 13 часов назад

      @musictosoothe not the responsibility of the market or tenants to solve for landlords. Perhaps they should have budgeting the work 5 years in advance. Adding the price to an already approved price where you violated the contract is seriously dumb.

  • @justanoman6497
    @justanoman6497 12 часов назад

    I'd like to remind you that your average American is *very* bad at math. Whereas the average landlord is better at math (as they tend to be better financially speaking which requires some level of math). You need to keep this gap in awareness in mind.
    So "vote with your dollars" might work just as well as "voting" in general--many don't know what they are actually voting for.
    So as a matter of general practice/policy, I do think a simplified bill with as few line item as possible is the best.

    • @stevengoldstein114
      @stevengoldstein114 10 часов назад

      Until you provide the following job qualifications, he is not one to trust regarding investment news or opinions.
      Financial advisors typically have the following qualifications:
      Education
      A bachelor's degree in a relevant field, such as finance, accounting, or business management. Some employers prefer applicants with advanced degrees, such as a master's or doctorate.
      Work experience
      Relevant work experience in finance or sales.
      Certifications
      Some common certifications include:
      Certified Financial Planner (CFP): Requires a bachelor's degree, at least three years of relevant work experience, passing an exam, and adhering to a code of ethics
      Chartered Financial Analyst (CFA): Requires passing three specialized exams, completing at least 4,000 hours of relevant work experience, and submitting references from professional connections
      Licenses
      Financial advisors need professional licenses or credentials to offer certain types of services. These typically involve completing an exam, and may have other requirements. For example, the Securities Industry Essentials (SIE) exam is administered by FINRA and covers general topics from the Series 6 and 7 exams. The Series 66 registration combines the Series 63 and Series 65 exams.
      Skills
      Financial advisors need a variety of skills, including:
      Analytical skills
      Interpersonal skills
      Math skills
      Sales skills
      Teamwork
      Problem-solving skills
      Time management skills
      Conflict management skills
      Organizational skills
      Leadership skills

  • @jysfo5728
    @jysfo5728 19 часов назад

    Rent control will be coming...

    • @mapleaf6672
      @mapleaf6672 18 часов назад

      Which will make it horrific for the few remaining good tenants out there.

    • @musictosoothe
      @musictosoothe 14 часов назад

      It's private property. Rent control should not be allowed. Let the free market determine rent.

  • @stevengoldstein114
    @stevengoldstein114 19 часов назад

    Here is another good example of REAL NEWS, A landlord’s neglect and Philly’s lax oversight left a 12-year-old girl dead, mom alleges
    Essie Campbell's family suffers from asthma, so she pleaded with landlord HELP USA to address the leaks in her apartment. She said she got no response, until after her 12-year-old daughter died.

    • @mapleaf6672
      @mapleaf6672 18 часов назад

      Here is another example of FAKE NEWS

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      ​@@mapleaf6672wrong REAL NEWS. From the Philadelphia Inquirer

  • @stevengoldstein114
    @stevengoldstein114 18 часов назад

    By the way all apartments associations are paid organizations and hired to act unlawfully under the antitrust and RICO laws. Since they in effect arrange independent landlords to be punished by higher costs. Since they arrange kickbacks to vendors and contractors.

    • @mapleaf6672
      @mapleaf6672 18 часов назад +2

      Thank you for increasing Tony's algorithm with your stupidity.

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      @mapleaf6672 yes the baiting and harrassment song again.

  • @stevengoldstein114
    @stevengoldstein114 19 часов назад

    Here is another REAL NEWS story, Jury sides with tenant after complaints about mice, mildew at Southeast Portland apartment
    Updated: Dec. 20, 2024, 3:16 p.m.
    |Published: Dec. 20, 2024, 2:34 p.m.
    Paulette Twiss still finds herself lying in bed at night worrying about mice.
    She left the Eastmont Villa Apartments at Southeast 162nd Avenue and Powell Boulevard last year, after seven years as a tenant. But she recalls hearing the rodents scurry about in her former apartment when they’d hear traffic outside.

    • @mapleaf6672
      @mapleaf6672 18 часов назад

      Here is another FAKE NEWS story.

    • @stevengoldstein114
      @stevengoldstein114 18 часов назад

      ​@@mapleaf6672wait, a jury trial is not fake, it is REAL NEWS.

  • @stevengoldstein114
    @stevengoldstein114 10 часов назад

    Until Tony provides the following job qualifications, he is not one to trust regarding investment news or opinions.
    Financial advisors typically have the following qualifications:
    Education
    A bachelor's degree in a relevant field, such as finance, accounting, or business management. Some employers prefer applicants with advanced degrees, such as a master's or doctorate.
    Work experience
    Relevant work experience in finance or sales.
    Certifications
    Some common certifications include:
    Certified Financial Planner (CFP): Requires a bachelor's degree, at least three years of relevant work experience, passing an exam, and adhering to a code of ethics
    Chartered Financial Analyst (CFA): Requires passing three specialized exams, completing at least 4,000 hours of relevant work experience, and submitting references from professional connections
    Licenses
    Financial advisors need professional licenses or credentials to offer certain types of services. These typically involve completing an exam, and may have other requirements. For example, the Securities Industry Essentials (SIE) exam is administered by FINRA and covers general topics from the Series 6 and 7 exams. The Series 66 registration combines the Series 63 and Series 65 exams.
    Skills
    Financial advisors need a variety of skills, including:
    Analytical skills
    Interpersonal skills
    Math skills
    Sales skills
    Teamwork
    Problem-solving skills
    Time management skills
    Conflict management skills
    Organizational skills
    Leadership skills