/biz/ - Business & Finance

>>50526567
>look at this retarded nyc kike landlord i found!
you realise the criteria for becoming a landlord is
>you could afford to buy a house
that's it
there are no special qualifications

if this is seriously a problem you've experienced irl, which it can be, then offer 6-12 months rent upfront and it goes away
t. had to pay 6 months upfront because i was unemployed

>Feldmann

>>50526567
Landlords are generally lazy, retarded people with god complexes. They think they are some kind of sophisticated elite business investor, when all they do in reality is collect a check like a welfare recepient. A fast food worker does honest work than a landlord

>>50526567
Its all about control. The person who has a job also has a ball and chain. They dont have enough money to just randomly fuck off; they have to be a good little slave. This is what managers and landlords want, power over you.

>>50526731
Was just about to say this.

>>50526567
>Landlord logic
>posts a Leasing Agent's unsolicited opinions

but >>50526648
this is true.

Why would you be renting an apartment if you have $1 million in the bank. Fuck people are retarded.

>>50526567
He is right though. The guy with 1 million can just leave the country, lose it all on gambling/speculation, start/fail a business, buy a house elsewhere, etc. Now the equation changes completely if the renter with 1 million offers to pay 12 months in advance.

Renters should not be allowed to vote

>>50526567
just don't rent from real people. rent from giant faceless corps. bureaucrat-wagies don't care about you and corps aren't stingy motherfuckers in desperate need of a hobby.
seriously I get that it's embracing the pod but honestly utilise anonymity where it serves you instead of having to constantly deal with midwits who are too dumb to realise that investing into a REIT is a way better decision than having to deal with working-class scum and niggers yourself.

>>50526567
If you have a million in the bank, just buy a house. No need to be a rentcuck.

>>50526567
A guy with a million dollar in the bank, won't rent for long. A guy with a stable job, and a family to feed, makes for the best long term tenants. As they less prone to risky behaviors.

>>50526567
This is what I don't understand. There's so many retards that own property when they shouldn't. This goes against most markets. It makes me think some self correcting black swan is going to happen.

>>50526773
How ignorant and sheltered are you to ask such a question? You do realize people have very different circumstances in life, right?

I am currently living in a place I don’t plan on living in, because of family reasons, and I am here for a few years, but will move once this family reason expires. So I need a place to rent until then.

But I don’t need to work, I have over 200 bitcoin and half a million in the bank.

>>50526567
>Feldman

>>50526818
The key to real estate isn't timing the market, its time in the market. The bar get constantly higher for every newer generation, as long as population keep increasing that is.

>>50526567
fuck that jew

>>50526567
i'm not even kidding when i say that landlords (and people in the professional real estate industry) are some of the dumbest, most low IQ gorilla niggers i've ever had the misfortune of interacting with.

>>50526731
This is how imagine it, but it is completely illogical

The person whose employed but only has a few grand in savings can easily lose the job and then not have anything to pay rent with until they find another job

The guy with a million in savings didn’t get a million in savings by being a retarded spending moron who just throws money away


I just don’t get the logic where one is assuming someone who has saved a million dollars is some how going to not be reliable… most people struggle to save $10k

>>50526790
and a wagie can lose his job (fired for misconduct, laid off due to business downturn, etc.) while the average $300-500/week state unemployment gibs is nowhere near enough to meet their average monthly debtmaxxxed lifestyle payment.

They will get theirs

>>50526853
Domestic population has been shrinking in the west for awhile now. If ever, for any reason the west ends up cutting of the endless supply of immigrants; we'll finally start to see the population decline.

>>50526773
The better question is why would you leave $1 million in the bank?

>>50526790
>millionaire fleeing the country over a 12 month lease

>>50526889
It was already answered in the threads: Landlords are low on the IQ curve. Rent-seeking requires no skill, labor, or creativity.

>>50526940
Unfortunately, I don't see the US changing its immigration policy without something drastic happening. Economic growth is a higher priority than the living standard of the average joe for the people in power.

>>50526567
Landlord here. Id rather have the millionaire renter.

>>50526958
that's probably not how it would happen, but, people with a lot of money do have a tendency to be as-slippery as your average GibsMeDat. Lower-middle-class people (aka those who work hard to scrape by) are basically the only Americans who have any sense of responsibility to their own obligations. Americans are a prideful people, but anyone substantially above the median-household-income (around 65k/y, and note that "household" does not mean "individual") basically sees "Keeping your word, and paying your debts" as a sucker's folly.

>>50527081
substantially above or below*
verification not required

>>50526567
>Some wagie who barely managed to make their payments for two years, who has $1k in the bank and could be laid off at any time and is guaranteed to be a court case for you in the event of an economic downturn.
vs.
>Someone who is wealthy and would gladly give you the whole 12 months rent at a few percent discount to cover opportunity cost.
I wonder which risk category is higher lmao. The real estate market needs to snap down 50% and stay there until retards like this commit suicide. Burn the old dead forest for new growth.

>>50526567
With the millionaire, just accept 12 months pay upfront along with the deposit money for any potential wear and tear. Problem solved and no need for u to go on linkedin to post this diarrhea for internet points u fucking loser

>>50526917
>threatens someone with gun
>guy leaves
>20 minutes later the police arrive
>you go to prison
own

Kek, stop losing ur money anon, just check Yopi Network

>Backed by physical gold
>RPG games with many payout solutions depending on the desires of the player
>Yopigold pursue cost stability by buying physical gold

>>50527163
>the state is abolished
>police arrive
silly.
however, even sillier?
>the state is abolished
TOPPEST of keks.

>>50526567
>Apparently this landlord
is not even a landlord. Good opening sentence, OP.
>Claiming 1 million “could be here today and gone tomorrow” and therefore is meaningless
Faking an education, a job and a regular income is harder than faking a bank statement. And even if it is genuine, you have little way of guaranteeing that's not from a loan from a different bank or just a friend's money or some other sum they pass on the next month. A number on a bank statement with no context is indeed meaningless.
>You could easily lose your job and be unable to pay rent.
Yes, that's a risk. But you vet the person, the whole package before you sign the contract. Holding down a decently paying job for the last half year is a proxy for a lot of good traits. Those traits are what you want in your future tenant, not the current position/income.
Besides, the real risk is not unemployment, it's accidents/disabilities. That can literally happen to the best and most industrious guy and instantly turn him into an unemployable vegetable, who also gets pitty points from the courts once you eventually evict.

>>50526648
>offer 6-12 months rent upfront
Seems a bit shortsighted, but the idea is right. I would rather increase the deposit to 8 months worth of rent than a one-time advance payment though.

>>50526816
Good post. Had a decent tenant leave last year because he bought his own place and an amazing tenant leave two months ago because she moved back in with her son who just bought a place, so she could help pay it off. If you rent to middle-class and upwards, it's highly temporary which sucks (since vacancies eat up your profit).

>>50526889
Another way to look at it is - what if savings are gone? Who would you trust more to generate new income? The worker or the trust-fund baby? Rented to an artist once. Payments weren't always on time, but great security since he can literally create value with his hands and some cheap supplies. Plenty of collateral in his studio too.

>>50526773
So you can move to the city to meet girls, obviously.

>>50526773
>Why would you be renting an apartment if you have $1 million in the bank. Fuck people are retarded.
I did that the past year. Should I have bought real estate in Denver or Seattle in the past year? kek

If I did it pre-2021, sure, but I'm satisfied with waiting. I rent a nice apartment though

>>50526567
How can my ZHAO bags profit from this?
Don't care either because my ZHAO bags are already pumping again

>>50526567
The real reason is that someone unemployed with millions has options whereas wagie with access to loans is stuck.

>>50526917
>doesn't like private property
>thinks he's based
kys, commiecuck

>having a million dollars is nothing, however a good credit score and your word (saying you're looking for a job) is fine
Just lie? Do I need to send the landlord my indeed.com account login so he can see my applications? Lmao

>>50526567
I really want to kill these people. Their time is coming

>>50526567
>Feldman
Why does /biz/ simp so hard for landlords again? There has never existed a "profession" with more hand rubbing, other than maybe investment banking, than rent-seeking

>>50526567
Just pay a years worth of rent up front if the landlord wants to be a cunt about it.
A job can be here today and gone tomorrow too.

take ur 1m and pay for a life time of rent and evict the land lord lmao lmfao

>>50529813
>no private property
you blind?
shotgun guy says its his private property

>>50531412
Leasing out property is not what "rent-seeking" means. But the honest answer is that, while a (seemingly) very small percentage of /biz/ works in real estate, there is a very outspoken contingent of... Let's call them, "Faggots", on the social-internet, that whinge on about how everyone should live in a free cotton-candy house where the appliances always work, and anything else is Literal Fascism. "Housing is a Human Right" and all that. I've had utopian-minded friends who have no clue how a building works bitch and moan because this is the first "wall" they hit when no longer living feckless lives in luxury at their family's expense. And I've also professionally dealt with shitbag small-time landlords who think you can nickel-and-dime your way to "making it" (protip: you surely cannot) and so neglect fine property into a deathtrap.

Basically nobody's happy about it but it's the human condition and nobody likes a malcontent whiner who can't get with the program.

>>50526773
Dumb ass, everything is situational. Why would you pay rent to a bank for 40 years only for them to take it back when you die. Technically everyone is renting everything

I wanted to pay cash for the entire lease my first apartment and they wouldn't let me

>>50526567
I don't know why you'd bother being a landlord in [current year]
>squatters and other undesirables can mistreat your property and the gov. will run interference for them
>everyone laughs at your misfortune, even if it isn't warranted
>literally Blackrock is out to get you and screw you over
not thanks

>>50526773
>Be richfag
>Cheating on spouse
>Need a place to bang mistress that doesn't run the risk of getting found out.
One reason someone might.

>>50532232
I lived next to a roasty who was a mistress and the guy was paying for it and she started hooking and he found out and cut her off

>>50526567
First paragraph: He's right. Not necessarily means you spend your 1M tomorrow, you may cash out and the account is zero with no additional income for him to somehow legally steal from you
2nd paragraph: There is more value in a person who has good credit and actively engaged in the work force. The guy with 1M may have acquired that money in illegal or questionable activities, why would you rent your apartment to someone like that?
3rd paragraph: he's a complete retard. There are no guarantees on this world. In fact all he's saying is a convenient illusion of secure income

>>50526567
Lol he's right. For all he knows, you're just some dumb NEET who won a big gamble and will lose it all on a bad gamble the next day

>>50526567
(((Feldman)))
Literally every single time. It's fucking ridiculous at this point.

>>50526648
>t. had to pay 6 months upfront because i was unemployed
I had no credit score (foreigner) and showing my balance was not enough. Had to pay 8 months in cash. Landlord was still "stressed" even with my 2 months deposit on a 12 month lease. Literally your average landlord is 70 IQ.

>>50526567
>taking some jew article click bait at face value

>>50526687
>deferring consumption to put capital towards sheltering humans
>contribute to diabetes and obesity by following the orders of some jew boss for the inept and lazy consoomer
keep seething renty

>>50526958
Millionaire "forgetting" to pay rent because he is working in Singapore or Israel now.

>>50526916
That's why they do credit checks on tenants as well, and some landlords prefer people who make multiples of the rent.

i lease out 4 apartments next to a school, 3 are to teachers and one is to some schitzo veteran boomer.
i make life hell for the teachers whenever i can, i go out of my way and even lose money if it means fucking with them. everything to be done is done in a manner calculated to be the least efficient route possible.
the schitzo boomer is a cool guy though i take him a 6 pack now and then.
fuck teachers.

>>50526567
he is right
if you have 1m you will stay at home and commit crimes or just damage the property while the wagie will come exhausted at night sleep and gtfo at the morning
>t. landlord

Hello dear. everybody knows that crypto is the future, but have you tried Fantom Network?

>Fastest crypto in daily transactions
>Secure through byzantine general
>No team tokens
>Few big partnerships coming up

>>50532194
nakadashi

>>50526773
Most years you could put that in the SP500, get 7% back or $70k yearly, which could cover all your rent and then some.

>>50533442
We aren't talking about people who actually do something useful but idiots who don't understand that rental properties are not passive investments.

>>50526567
If you have a mil you're not a wagie, if your not a wagie you're not servile, landlords want to "lord" their status over a renter and cant do so if the renter can just buy a house and chooses not to.

>he has a million dollars but doesn't own his own property?
>i don't want a retarded as a tenant.

God I fucking hate rentoids so much. People in this thread are retarded.

>>50533956
Except if you invested 2019, 2020, 2021, 2022, the you lost a shit ton of money
This will continue for a decade at least

1 million in high dividend paying stocks would produce more income than you can earn at any job, is this guy retarded?

>>50534861
Or if you lost your job in the downturn.

The post was idotic.

ITT rentoid cope

Also the weird fanfic of the state disintegrating and you becoming the house owner simply because you own a gun is strange. Landchads will just pay for a private security firm to execute you in your sleep in that ludicrous scenario that will never happen.

Keep coping; keep paying the rent. Tip % increases this winter

>>50526567
Most landies are midwits.

>>50534967
A high dividend is like 5-7%. That's 50-70k per year.

>>50532144
Landlords are rent seekers by definition and not because of the word rent

bought my fist apartment this year and was legally allowed to immediately increase the rent by 20% - which is what I did - and the best thing is, if the rentoid moves out I can increase rent by 20% AGAIN for the next rentfag

being a landlord is literally the easiest way to make it

>>50526773
>Be europoor
>25% tax on selling a home, 25% tax on buying a home, 15% in notary fees + a 10k flat fee ontop
>Only plan to live in that location for a few years top
I fucking hate how midwits are so arrogant while spewing the dumbest takes ever, rEnTiNg iS jUsT tHrOwInG aWaY MoNeY BrO

Buy vs Rent should be decided on a case-by-case basis, often it's better to rent if you invest the difference

>>50534772
Stay at home son here, rentoids and rent seekers can both seethe

>>50526567
When are we gonna quit toleratiing parasites like this and start fucking cutting their heads off?

>jewish name
Birthrates in states like new york and california are collapsing. California will lose at least 5 million people over the next decade. Texas will become the number 1 state. Fuck em. Fuck the coasts. Fuck the north. South. Middle. That's where the future is. Panning for diamonds in the black hills.

I'm not a landlord or a rentcuck, I sold my home and am buying a bigger nicer home in a 99% white area for less than I sold it for. I swear I don't know why people pay a huge premium on living in cities just for the privledge of living near niggers and pajeets.
Out of curiosity I checked the rental prices in the area, rent averages out to 2-4X the price of a mortgage on a decent house. It's like people get punished for being poorfags.

>>50537690
>Texas will become the number 1 state
Yeah, because all the rich Jews and white Liberals from California are moving there and guess what? There still voting Democrat and preaching diversity kek. Until we kill the retarded parasites they'll just keep moving host to host.

>>50526806
This. OP is retarded.

>>50526687
>>50526731
As a property and business owner I admit these truths, but at the same time some renters and employees are awful human beings as well. At the end of the day it all comes down to agreements people make with each other. I think tenants and employees should be better advocates for themselves but I also think there should be more laws protecting them.

>>50538096
Texas is becoming more conservative.

>>50534861
>you lost a shit ton of money
Why are you lying? If you invested at any point before March 2021 then you're in profits right now.