Man! Am I ever feeling it!! Just got my rent increase notice on a really crappy one bedroom across the street from a Walmart (so definitely not a luxury complex). $150/mo more. Mind you, we tenants pay water, sewer, trash, electricity for the common areas, and each pay for $100,000 liability policies in the name of the complex. Car insurance keeps going up even though I've never even been stopped much less cited. Something has got to give.
Your landlord might be feeling the squeeze too. Almost all of of the rent you pay goes to interest, taxes, insurance, and the management company.
Believe it or not - many apartment complexes are owned by regular people, not just billionaires and corporations.
Your landlord is lucky if they’re keeping — anything — from your monthly rent payment. And apartment loans on buildings with 5+ units are only 3 to 10 years, so if they have to refinance this year to hold onto it, that means their refinanced loan may have a higher interest rate. A lot of those loans are interest-only so they aren’t even building equity by paying down any principal.
The bankers are the cause of so many problems we are facing.
Same where I live. Landlords make no profit from rent. If they are careful then incoming rent will cover their mortgage and expenses but for many even that is not true and they make a loss. This has largely been driven by subtle changes in the tax landscape.
The sole hope for landlords these days is capital appreciation; they hope that eventually some time in the future they will be able to sell the rented property for more than they paid to buy it. I wouldn't put money on even that hope being fulfilled!
The complex is 300 units. It's owned by a corporation and that's why they make us pay for the electricity they use for the complex, make us all buy liability policies in their name (corporation), pay for the landscaping water, etc. Before when it was owned by a local group of investors, we paid rent and water/sewer/trash. They bought their own liability insurance and paid for the electricity & water used by the complex (so it came out of our rent). The corporation came in everything changed (60 page leases!)
They also use that algorithm program to set the rent so rates are artificially increased when all the corporate complexes use the algorithm (there have been posts about it on here).
People who rent in smaller complexes (fewer than 50 units) are much happier with the private owners. They say their landlords are actually nice to the tenants. They also aren't subjected to the semi-annual "inspections" (with less than 24 hours notice)that we are like we live in some sort of government housing. But those small complexes are hard to get into because they are few and far between AND the happy tenants don't leave. Oh, and their leases are no bigger than 10 pages.
I know owners of small complexes in other states. When I send them copies of my leases, they are shocked. They always say "And people call us greedy and difficult!"
she wants reparations. but she wont need them. Soon she will be well paid to work at a factory or plant. It's gonna be incredible how wealthy the average american will be when the billionaires win their battles against evil. $$$$
Agreed. These crazy monsters (disciples) (BlackRock and Co) keep building houses here in Naples Bonita and destroying the nature. Bet they are building bunkers using our own money. Who give them the permit? The land?. I hear from someone who knows a lot of people in real estate, there is only one man buying and getting the most expensive land in Naples where the hurricane hits, he is owning downtown (big portion). I bet he is a trafficker helping the ones in the pyramid (the Pharisees). Also heard the Canadians or people from other countries buying our land without paying taxes, what in the world while we have to pay taxes to acquire land? I am tired of the bull.
Man! Am I ever feeling it!! Just got my rent increase notice on a really crappy one bedroom across the street from a Walmart (so definitely not a luxury complex). $150/mo more. Mind you, we tenants pay water, sewer, trash, electricity for the common areas, and each pay for $100,000 liability policies in the name of the complex. Car insurance keeps going up even though I've never even been stopped much less cited. Something has got to give.
I think they're trying to make "living in the pod" not seem so bad. Squeeze us all financially until we surrender to the pod.
I got a microwave bug casserole recipe you're gonna love.
Lol
Your landlord might be feeling the squeeze too. Almost all of of the rent you pay goes to interest, taxes, insurance, and the management company.
Believe it or not - many apartment complexes are owned by regular people, not just billionaires and corporations.
Your landlord is lucky if they’re keeping — anything — from your monthly rent payment. And apartment loans on buildings with 5+ units are only 3 to 10 years, so if they have to refinance this year to hold onto it, that means their refinanced loan may have a higher interest rate. A lot of those loans are interest-only so they aren’t even building equity by paying down any principal.
The bankers are the cause of so many problems we are facing.
Same where I live. Landlords make no profit from rent. If they are careful then incoming rent will cover their mortgage and expenses but for many even that is not true and they make a loss. This has largely been driven by subtle changes in the tax landscape.
The sole hope for landlords these days is capital appreciation; they hope that eventually some time in the future they will be able to sell the rented property for more than they paid to buy it. I wouldn't put money on even that hope being fulfilled!
The complex is 300 units. It's owned by a corporation and that's why they make us pay for the electricity they use for the complex, make us all buy liability policies in their name (corporation), pay for the landscaping water, etc. Before when it was owned by a local group of investors, we paid rent and water/sewer/trash. They bought their own liability insurance and paid for the electricity & water used by the complex (so it came out of our rent). The corporation came in everything changed (60 page leases!)
They also use that algorithm program to set the rent so rates are artificially increased when all the corporate complexes use the algorithm (there have been posts about it on here).
People who rent in smaller complexes (fewer than 50 units) are much happier with the private owners. They say their landlords are actually nice to the tenants. They also aren't subjected to the semi-annual "inspections" (with less than 24 hours notice)that we are like we live in some sort of government housing. But those small complexes are hard to get into because they are few and far between AND the happy tenants don't leave. Oh, and their leases are no bigger than 10 pages.
I know owners of small complexes in other states. When I send them copies of my leases, they are shocked. They always say "And people call us greedy and difficult!"
Billionaires are fixing it. Give them time. Hell, think of all the children that are waiting for relief from being devoured. You'll manage.
I think her point was that it would help her, just a little bit, to actually know some of what is going on behind the scenes.
I still trust the plan, but then I'm not on the edge of financial ruin and under daily pressure like this poor woman seems to be.
I would much rather she got the money from that killer's gofunda**gga.
she wants reparations. but she wont need them. Soon she will be well paid to work at a factory or plant. It's gonna be incredible how wealthy the average american will be when the billionaires win their battles against evil. $$$$
Do you really think the billionaires aren’t on the side of evil?
Agreed. These crazy monsters (disciples) (BlackRock and Co) keep building houses here in Naples Bonita and destroying the nature. Bet they are building bunkers using our own money. Who give them the permit? The land?. I hear from someone who knows a lot of people in real estate, there is only one man buying and getting the most expensive land in Naples where the hurricane hits, he is owning downtown (big portion). I bet he is a trafficker helping the ones in the pyramid (the Pharisees). Also heard the Canadians or people from other countries buying our land without paying taxes, what in the world while we have to pay taxes to acquire land? I am tired of the bull.
I don't believe any of that. Elon wouldn't allow it.
Elon wouldn't allow it? What???? He's not our king.