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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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OP
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
The movers and shakers in Lexington are going to vote to make it illegal for people who own rental property to turn down renters using section 8. I've got a rental property in Lexington.
If they do indeed make it the law, it's going to cause rent to go through the roof. The only thing landlords can do to get out from under it is to price their rentals too high for section 8 to accept.
It's going to make it rough on renters who don't qualify for section 8.
I've got some good renters now. I'm going to make it as easy as possible for them to stay. Actually, I already do.
I rented it to a young couple. Shortly afterwards they snuck the young woman's brother and his wife in to share the house with them. They think I don't know. But it's pretty obvious.
I don't care. They pay the rent on time and they're good kids--don't bother anybody and don't tear the place up.
I more or less told the young man as much. I was out there to do some maintenance,..he was there. I told him, "Pay the rent on time, don't tear the place up, you won't hear nothing from me".
I hope they stay a couple of years. I don't want to have to do the section 8 shuffle.
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Joined: Jan 2012
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,529 Likes: 3 |
Good renters are great but hard to find.
FJB & FJT
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Joined: Dec 2008
Posts: 6,931
Campfire Tracker
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Campfire Tracker
Joined: Dec 2008
Posts: 6,931 |
We only have 1 rental anymore.
We have a younger couple in there that's been there for somewhere between 2-3 years. Nice people that have 1 little human now.
Their rent hasn't changed since they moved in and it is probably at least $300 under the market if not $500 under the market. I told the wife we need to bump rent some this next year and she is adamant that we are not doing anything of the sort. Pretty sure I am going to win this one.
Only looking to get some of our increased expenses made up, not jump the thing to the market value.
But that is the reality. What a good renter is worth. Prior to them moving in, I let that house sit empty for a year because I could not find any good prospects. It just wasn't worth the headache.
Montana MOFO
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Joined: Dec 2008
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Campfire Tracker
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Campfire Tracker
Joined: Dec 2008
Posts: 6,931 |
The movers and shakers in Lexington are going to vote to make it illegal for people who own rental property to turn down renters using section 8. I've got a rental property in Lexington.
If they do indeed make it the law, it's going to cause rent to go through the roof. The only thing landlords can do to get out from under it is to price their rentals too high for section 8 to accept.
It's going to make it rough on renters who don't qualify for section 8.
I've got some good renters now. I'm going to make it as easy as possible for them to stay. Actually, I already do.
I rented it to a young couple. Shortly afterwards they snuck the young woman's brother and his wife in to share the house with them. They think I don't know. But it's pretty obvious.
I don't care. They pay the rent on time and they're good kids--don't bother anybody and don't tear the place up.
I more or less told the young man as much. I was out there to do some maintenance,..he was there. I told him, "Pay the rent on time, don't tear the place up, you won't hear nothing from me".
I hope they stay a couple of years. I don't want to have to do the section 8 shuffle. The other option would be for your rental to not pass section 8 inspection. From memory from 15 years ago, there are simple things that can result in a failed sec 8 inspection like no screens on windows.
Montana MOFO
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Joined: Mar 2006
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Campfire Regular
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Campfire Regular
Joined: Mar 2006
Posts: 2,670 |
yep lexington democrats as everywere .Everytime they say they helping the poor .it always cost the poor and everyone else more money
NRA Life Member
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Joined: Dec 2013
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,431 Likes: 8 |
The movers and shakers in Lexington are going to vote to make it illegal for people who own rental property to turn down renters using section 8. I've got a rental property in Lexington.
If they do indeed make it the law, it's going to cause rent to go through the roof. The only thing landlords can do to get out from under it is to price their rentals too high for section 8 to accept.
It's going to make it rough on renters who don't qualify for section 8.
I've got some good renters now. I'm going to make it as easy as possible for them to stay. Actually, I already do.
I rented it to a young couple. Shortly afterwards they snuck the young woman's brother and his wife in to share the house with them. They think I don't know. But it's pretty obvious.
I don't care. They pay the rent on time and they're good kids--don't bother anybody and don't tear the place up.
I more or less told the young man as much. I was out there to do some maintenance,..he was there. I told him, "Pay the rent on time, don't tear the place up, you won't hear nothing from me".
I hope they stay a couple of years. I don't want to have to do the section 8 shuffle. Been the law here in Florida for that for a while. Plenty of other ways to say they don't qualify.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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OP
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
We only have 1 rental anymore.
We have a younger couple in there that's been there for somewhere between 2-3 years. Nice people that have 1 little human now.
Their rent hasn't changed since they moved in and it is probably at least $300 under the market if not $500 under the market. I told the wife we need to bump rent some this next year and she is adamant that we are not doing anything of the sort. Pretty sure I am going to win this one.
Only looking to get some of our increased expenses made up, not jump the thing to the market value.
But that is the reality. What a good renter is worth. Prior to them moving in, I let that house sit empty for a year because I could not find any good prospects. It just wasn't worth the headache. I should bump the rent at my place, also. Rent in the area where my house is has gone nuts. We raised it $400 a month when the last tenant moved out and we're still several hundred dollars low for the area. But like I said. I hate to do anything to make my current renters leave. Especially with the section 8 mandate hanging over my head.
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Joined: May 2016
Posts: 60,496 Likes: 20
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,496 Likes: 20 |
No....it will lead to rent control.
I am MAGA.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
No....it will lead to rent control. Maybe eventually. But I think that's a ways down the road.
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Joined: Sep 2023
Posts: 659
Campfire Regular
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Campfire Regular
Joined: Sep 2023
Posts: 659 |
Section Ape housing is a way to inject a black cancer into the area
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Joined: Jan 2012
Posts: 67,150 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,150 Likes: 35 |
I did section 8 for a while, guaranteed money, no probs. The renter had to boot in like $55 and even that sort of became a problem. But I just forgave it. Ho hum
The only gripey turn off I had was the community organizer commie coming and doing an inspection and harassing me about a hole the size of a pencil eraser in 2 of the screens and stupid chit like a knob missing off of the linen closet door.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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OP
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
I did section 8 for a while, guaranteed money, no probs. The renter had to boot in like $55 and even that sort of became a problem. But I just forgave it. Ho hum
The only gripey turn off I had was the community organizer commie coming and doing an inspection and harassing me about a hole the size of a pencil eraser in 2 of the screens and stupid chit like a knob missing off of the linen closet door. *If* they pass the law, I'm going to talk to a lawyer about the situation before I put it up for rent again. I'll sell it before I'll put up with section 8.
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Joined: Jan 2012
Posts: 67,150 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,150 Likes: 35 |
Gawd no telling what section 8 would move in there now. 27 mexicans and some chickens
All I had was a fat white chick with a litter of mocha babies
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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OP
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
yep lexington democrats as everywere .Everytime they say they helping the poor .it always cost the poor and everyone else more money True. I lived in Lexington from 1975 until 6 years ago. It was always a bit leftist. But it's gone full Commie in recent years. I moved north of Fayette County 6 years ago and don't miss it a bit. There's a big cattle farm and a flood plain between me and any urban expansion out here in the sticks where I live now. I'm pretty sure it'll be good for as long as I need it.
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Joined: Mar 2008
Posts: 15,289
Campfire Ranger
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Campfire Ranger
Joined: Mar 2008
Posts: 15,289 |
My wife and I had rentals for over 30 years, one of the happiest days of my life was when we closed the sale of the last one.
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Joined: Sep 2022
Posts: 471
Campfire Member
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Campfire Member
Joined: Sep 2022
Posts: 471 |
It was either Minneapolis or St. Paul (or both?) that recently tried to tell rental property owners that they had to take section 8, felons, etc... A bunch of us smaller portfolios got together and told them we would rather sell out to big rental corps and they could deal with that mess instead. They backtracked real fast.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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OP
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
My wife and I had rentals for over 30 years, one of the happiest days of my life was when we closed the sale of the last one. It depends on the rentals. My one rental is a 100 year old bungalow just outside of downtown. It's become a trendy neighborhood for young professionals. So the makeup of the people who look to rent there is usually pretty good--for now anyway. Young Attorneys, Nurses, a Veterinarian from Louisville that wanted a second residence for when he was working at the horse farms around Lexington. The young people there now are good. One works at a gym and the other is an Audiologist. I had another rental property in a decent neighborhood. But it wasn't as desirable and the people looking for rentals there weren't either. I kept it a year and sold it. I'm not looking for any more rental property.
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Joined: Oct 2023
Posts: 596
Campfire Regular
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Campfire Regular
Joined: Oct 2023
Posts: 596 |
Someone has to house all those displaced Palestinians. Imagine the hours of jew hate conversations you could have over a bottle of Jim Beam.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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OP
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
Someone has to house all those displaced Palestinians. They'll get bussed to New York City and Chicago along with all the rest.
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Joined: Jun 2019
Posts: 9,944 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2019
Posts: 9,944 Likes: 4 |
Is the property well insured? Even Section 8 tenants don't want to live in a pile of ashes.
Ignorance can be fixed. Stupid is forever!
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