Dallas-Fort Worth Real Estate Investor Club

The Victims of the Eviction Moratorium

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  • 31 Mar 2021 10:26 AM
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    Reply # 10256711 on 10253556
    Neil Aggarwal
    rockne ardoyno wrote:

    why not just change the terms of the lease to M2M

    A landlord can't change a lease in the middle of its term.  I would certainly evict the tenant when the lease is up and then sign up new tenants on M2M.
  • 31 Mar 2021 3:07 PM
    Quote
    Reply # 10257519 on 10134477
    rockne ardoyno

    Yes, the strategy doesn't really help you if you already have a lease and a dead beat tenant. Just for business going forward.

    Last modified: 31 Mar 2021 3:21 PM | rockne ardoyno
  • 31 Mar 2021 4:51 PM
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    Reply # 10257817 on 10134477
    Lucas Homan

    I have some friends that own rentals in the Tampa and Atlanta. They are telling me that they are having no issues getting tenants evicted. As was already said, the people that stopped paying were already having trouble paying and probably will not put forth the effort in order to prove why they qualify. 
  • 01 Apr 2021 10:10 AM
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    Reply # 10260482 on 10134477
    rockne ardoyno

    Well, eviction is a last line of defense. But, I had a tenant once that moved in, bounced the check, and had no intention of paying rent. Took me 3 months to get them out. So, I know first hand that there are scum bags like that out there and you can bet they are loving having a government partner in perpetrating their fraud.

    My experience with Judges is that they are like Grizzly bears. Each has a unique personality. I have had them bounce an eviction case on a tenant that didn't even show up just because they didn't like the Font used on the 3D Notice.  

    Anyway, I think as long as this CDC Moratorium is in effect, writing M2M leases is a wise strategy to protect against this type tenant.

    Last modified: 01 Apr 2021 10:11 AM | rockne ardoyno
  • 02 Apr 2021 11:33 AM
    Quote
    Reply # 10265679 on 10260482
    Neil Aggarwal
    rockne ardoyno wrote:

    as long as this CDC Moratorium is in effect, writing M2M leases is a wise strategy to protect against this type tenant.

    My solution is different.  I am selling the properties to owner finance buyers.
  • 05 Apr 2021 9:13 AM
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    Reply # 10274852 on 10134477
    rockne ardoyno

    Nothing wrong with that strategy either. Probably you will be getting those properties back in a down cycle anyway. All the signs of an impending downturn in realestate prices are present including a rising 10Y treasury yield which should drain the money supply from the realestate market and drive interest rates higher. 

    Last modified: 06 Apr 2021 11:49 AM | rockne ardoyno
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