Sunday 8 August 2021

What Did Landlords Learn After the Eviction Drama of 2020/2021

 I suspect over the next hundred days.....two things will come up and be a sort of 'lessons-learned' experience.

First, I think landlords are going to be extremely tough on knowing the future rental clients, and ask for a complete background check.  It won't be a 100-percent of them, but I would imagine around two-thirds of all landlords will be checking the past history.  If you were part of this no-pay crowd?  You probably won't find that many landlords willing to give you a fresh new chance.   

Second, something of a legal nature is going to be added to rental contracts....where you sign for a 'damages-clause', and if you fail on rent for an excessive period (probably four months)....you agree to a fee (maybe up to $1,000 or more) to be paid as a settlement upon eviction.  

The rental properties of value?  Those landlords will not be happy over the losses, and this will be a harsh new reality for the renting crowd to get used to over the next decade.  

So to this final prospective of mine....I think the mobile-home properties will start to be fairly popular with the eviction crowd.  You will find a cheapo $6k used trailer and park it for less than $200 a month, in a crappy trailer-park.  

1 comment:

LargeMarge said...

Eugene, Oregon:
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We see the results as thousands of new evictees are buying any RecreationVehicles available.
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If a RecreationVehicle is not for sale, it has a high chance of growing legs.
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With many hundreds of junker RecreationVehicles parked on streets, bureaucrats are painting bicycle lanes and posting 'no parking'... closing commercial areas to over-night semi-truck combos... creating a hazard of out-of-hours drivers trolling other areas for a mandatory rest.
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Another consequence of closing streets to campers by painting bicycle lanes -- hundreds of RecreationVehicles are exploring fields and boarded businesses... putting landlords and property owners in the position of relying on judges for an eviction.
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After that costly time-consuming delay, LawEnforcementOfficials complete the eviction -- at their leisure -- and the campers shift to a new field or boarded business.
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Abandoned junker RecreationVehicles are squatted, sold, rented, dragged behind junker trucks... and the cycle continues.
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Compounding the issue -- "recreation' amounts of addictive drugs are semi-legitimized.