Local governments are offering to pay for legal representation for any tenant being evicted. This will greatly increase the costs for eviction of a tenant, especially since you are fighting the bottomless pockets of government.
So how do you avoid that? Well, if you pay attention, you will see that the program is income restricted to $25k a year for singles, and $51.5k for a family of four.
So make sure that your rental is not in the hood. Using a 3 bedroom rental as an example, make sure it is nice enough to charge a rent of $1450 a month, then require that household income be at least three times the rent in order to be eligible. Make it a criteria with no exceptions.
Then they won’t meet the income level for a free lawyer, and will also be unlikely to stiff you on the rent.
That is the secret to being a successful landlord: don’t rent to people in the lower quartile of income. It just isn’t worth the financial risk.
A married couple with ordinary jobs like teachers or electricians should make enough to have a combined income of $80k to $100k, which is enough for $2200 a month in rent. If you own a rental in that price range, you are unlikely to have to worry about eviction.
A single mom working as a bartender is not going to make enough money for that kind of rent, and won’t be stable. So owning a rental that rents for $900 a month is asking for an eviction.
7 Comments
Skinnedknuckles · January 31, 2022 at 8:12 pm
And some state governments, such as Connecticut, as well. https://ctnewsjunkie.com/2022/01/31/right-to-counsel-launches-to-help-fight-evictions/
But only if you live in certain zip codes within the state! Do you think they might be Democrat controlled cities (that’s all we have in Connecticut)?
it's just Boris · January 31, 2022 at 8:23 pm
So this action by the legislature is going to make rentals more expensive in general; of course, after the completely unanticipated consequences of making housing less available for low-income folks, government “must step in” to make sure there’s “affordable” housing for the poor downtrodden people.
Say hello to the new projects, same as the old projects. Or do you think they might just put absolute caps on rents, perhaps a sliding scale per square foot?
Prairie1 · February 1, 2022 at 8:06 am
Who would pay that much in rent??? Thats almost double my mortgage for 10 acres with a house and shop.
Divemedic · February 1, 2022 at 9:02 am
Supply and demand. I am renting my properties below market, and getting $1825 a month. I could be getting as much as $2200.
Don Curton · February 1, 2022 at 8:30 am
“A single mom working as a bartender”
AOC after the condom breaks?
Big Ruckus D · February 1, 2022 at 12:29 pm
If I had to spend more than 30 seconds in a room with AOC, I’d put the condom over her head, to suffocate her intolerable, donkey faced ass and give myself some peace and quiet. That crazy bint isn’t even worth a pump and dump. Risk factor off the charts, right there. Just look at the eyes.
And I wouldn’t rent her a place at any price, irrespective of her ability to pay. You just know she’d be blowing up your phone over every stupid little thing that goes wrong in a rental property.
Carlos · February 2, 2022 at 11:57 am
Shrek’s donkey got nothing on AOC!
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