Landlords Are On The Edge - Is This The End? 

Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

Wow! His advice propagated the slum lords. I saw plenty of those when I worked in social work. Disgusting and dispicable. And no, tenants weren’t destroying the properties. When units or homes needed repairs from normal wear and tear, the landlords wouldn’t do them. How stupid to let your own properties degrade!

Oy Vay!

@@debbiecreter2005yeah, but it’s still true no matter how disgusting you find it

@@rolisreefranch I would sell the property if I couldn’t or wouldn’t maintain it. It says a lot about landlords who would allow people to live in conditions like that. Renters are at landlords mercy.

Notorious

Annnnnddd, getting new quotes....firing the agent, and his company.

@@waynehendrix4806 it's a possibility. Agent said at the next renewal it could go down but right now nobody can get good rates. Been with them for decades and have multiple discounts applied. I'll give it the 6 months and see what happens.

time to cancel

Earth has a load capacity too !

@@Original22 we've reached maximum dum%&ss so Mother Nature is going into correction mode. Not a deal. Unless you're the dum$@ss M.N. has selected for removal.

Gotta save. I bought a new cheap frig to replace my dying one of 14 years and it has to be more energy efficient. Just replaced my 16 year old dehumidifier. Same reason. Energy savings. Next month Eversource is going up. Insurance went up like 35 percent. Crazy times

Been with State Farm 15 years no claims, no change in coverage, up from $247 to $354 over last 12 months. Seeing increases every month

im 70, no accidents or claims, 8 year old Honda, removed unneeded coverage. still paying the same amount. drive less than 5000 miles a year. have less then 50,000 on my car after driving across country

Regulations are a huge problem in increasing costs.

Buy your own rental and see what it's like. Government meddling is on the rise.

Gov’t regulations have caused rents to rise. Look up any place that has had rent control for years & you will find higher rents there than anywhere. The gov’t wants landlords to raise rents every single year & follow all their foolish rules.

a renter pays all the bills on a rent .taxes .insurance, water. sewer. mortgage . and up keep .all rolled into one charge per month, called rent .rented buildings never make money .if the mortgage is paid .then they make that money .most people can not afford to buy .so they rent .if i was wrong . then no body would be renting .watch as we sell the rented homes .living in the street will be more real.

​​@@debrabuckley5011and don't forget property tax and insurance costs..going up and up then the government allowed people to live rent free for 2 years...what a mess.

Just bought a pair on sale , still 50$

@@travist.7279 I buy them at the second hand store $5-10 a pair. Some still have the tags on them.

Not made 8n the US. No thanks

gov't is the cause of most of the landlord problems

Amen. I've owned my duplex for 40 years and getting rid of bad ones is impossible in my state. I've become extremely strict in screening tenants.

Tenants are fed up with all the endless stunts pulled by shady landlords!!!!!!

Boo-hoo poor landlords buying up property during an inventory crisis to leech off families to pay their mortgages for them. I’m playing my violin

@@yamabushi_nate7825 Anyone who rents is an idiot. Renters are throwing away their money each month. I have NEVER been a renter, EVER! I bought a cheap house in 1976 in a junky neighborhood and worked my way up from there. You can find low cost houses with a mortgage for a lot less than paying rent. There are houses in my old neighborhood that are selling for under $150k, and the mortgage on a house like that would be less than $1,500/month. Most renters are idiots with their money. They pay for cable TV, buy new or expensive cars instead of driving junk cars like I did in 1976, have several cell phones in the house, and eat out at restaurants instead of eating all meals at home. I buy $4.99/lb meat and cook everything at home. I can't even remember when I went t a fast food restaurant. Don't whine about landlords leeching off "poooooooooor" idiots. Most poor people are poor because they are lazy and have no clue how to spend their money.

@@yamabushi_nate7825 Anyone who rents is an idiot!

Smart move. Sell now before prices dip and BlackRock snatches everything up for peanuts.

Crybaby​@@yamabushi_nate7825

I approve of your humble abode. Now if you'll excuse me I have to get back to collecting aluminum cans so I can buy gas ⛽.

My State Farm has been upping our car insurance every month for a year now. Another reason we have left them.. they are the worst!

I drive a 28 year old car. My insurance increases each year, too. The game is to soak the public.

Just what i thought . Price us out. when we have all sold. surprisingly, the police will start upholding the Law. New rights for Massive corporate landlords, they will be able to evict with 1 months notice. And insurance will come down.

they will

Hope in one hand,shite in the other

I remember, On their way out of foreclosed homes they would rip out electrical, Pour concrete down drains it was vicious behavior.

​@@robertjones2282They were getting back at the banks that were taking their homes away. 👍

Of course hope for it. Because values are too high. Replacement insurance is through the roof. Property taxes should be illegal. Hello America where's your brains?

Not Only that my car insurance went up 20 percent also.

😳❗️ _Hooo WEE ..._ That must be a high-risk fire zone .

That’s terrible!

Fire zone...

OMG. Highway Robbery at it's best.

I'm sorry.

You’re Lucky

Try Phoenix! 😱

I'm in Florida and have had home and car insurance double in a year. Safe driver no tickets no house claims...

I'm on the Colorado River AZ, no raise here, auto or home

It’s always beautiful

😂😂

It's just a matter of time.

That's pretty rare. Keep wishing evil on people. 🙄

Watch Flooded in Debt: Rand Paul’s Fight To Fix Federal Flood Insurance

At exactly the same time that I can afford a piece of the floating wreckage.

Word!

levi is woke

a certain blue congressman from NYS is a levi Strauss heir.

Levi - Strauss has an interesting history, during the California gold rush in 1849 they went to make and sell canvas tents to the gold miners. The tents didn't sell well and the miners said they needed durable pants instead. They started making pants 👖 out of the canvas but they couldn't sew and had no zippers; hence the brass rivets and button flie. ( Yes, I know; my brother calls me Cliff Claven from the T.V. show "Cheers". I'm full of useless ininformation. Despite what my younger brother says though I do have quite a liberal, wild side.Let's just say I've been known to run a few yellow traffic lights in my day and cross the street outside of the crosswalk once in a blue moon. I've also littered once accidentally ).

Correct..... Levi's jeans do not fit the same as they did.

@@dalerushton1394 And the persons who made most of the money in California's 'Gold Rush' days were the vendors (like Mr. Strauss) who sold equipment and supplies to the gold miners.

Unfortunately 98% of everyone is naked. And they look really fat.

I only keep 1 credit card put all my bills on credit card and pay it in full every payday

@@Lordhelpus64 What ever works.. is good. I have a slightly different method, I like.

freeze your cards on the 3 credit bureaus. you can still use your cards, NEVER put a debit card online.

@@user-vw8nh4dw2o what ever it take to stay debt free.

@@Lordhelpus64 I check and payoff every day. I am not capable of sitting down and writing out a budget. My way of living within my means.

Looks like the old days in California. (Not 'cali').

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I've been sticking to investing via an analyst

Let's face it... Buying more stocks & index funds during stock markets are scary Which makes it really hard to do for mostly people like me. I have 260k want to transfer into an s&s isa but it's hard to bite the bullet and do it.

Investing appropriately today can save you a whole lot of stress in the near future, so anyone who is not investing now is missing a great Opportunity.

Getting Katrina Charles, to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made

I'm surprised you also trade with Katrina Charles, she's the best at what she does. At first i was afraid too before i gave it a try and realized fear kills dream more than

You got warmer water, ours. is really cold. Many little 'crabs' under the rocks.

Cold, seasonal, rocky beaches and logs you have to climb over. I left for So. California!

@@rosanneallen-hewlett9973that a good place.. enjoy. I like BC. (Vancouver)

Why do you hate the free market?

@MrSteeDoo What are you talking about? These insurance companies need to justify themselves and their rate increases. Using a flooded area to claim the necessity of raising rates is a lie. Flood insurance can only be purchased through the government. Reugular home insurance does not cover floods. Free market has nothing to do with price gouging and that is what is happening. States need to demand answers. But, the insurance lobby is powerful and politicians love their donations.

It might be the mortgage companies requiring flood insurance to underwrite the loan if the home is in a flood zone. I'm not familiar with the geography of Nebraska (flat, isn't it?) but if its flatland with rivers running through it over to the Mississippi then a few good soaking rainstorms probably causes some good flood potential.

@crosslink1493 We had a home in a flood plain once. Yes, if you have a home in a flood plane, you have to purchase flood insurance, if you have a mortgage. It's expensive. But, that should not affect the cost of regular home owners coverage. Flood insurance is separate from that. The insurance companies are out of control all across this country. We live in a major city, less than one mile from two fire stations with two fire hydrants flanking our lot. The only claim we have ever made is for hail damaged roofs. No fires. And that hasn't happened in several years. Yet, our insurance increased $700. There are almost 142 million single family residences in the US. This does not include townhomes, condos or apartments. There were approximately 360,000 -375,000 fires for residential homes, including those townhomes, condos and apartments. Average damage is about $25,000. Remember, the land is not ever included in payouts. There are many more stats we could add into this. The insurance companies netted (not grossed) $1.4 trillion dollars in premiums in 2021. Fast forward and premiums have almost doubled or more than doubled in some areas of the country. So, we can approximate that they netted close to $3 trillion this last year and part of 2024. There profits are in the trillions. Their payouts are about $250-$275 billion. So, it's a head scratcher as to what justifies this huge premium increase. It's time Congress starts a probe into all these insurance companies and puts all of them into a federal audit. Something stinks like rotten fish.

It's all so exhausting

@@melissap9808 Yes, it does deplete my energy. Not only did selling the house consume my time and energy, but now I need to contemplate the recent changes in banking and brokerage policies that have turned my deposit from the sale into an uncollateralized loan to the bank. If that is news to anyone reading this, See Peak Prosperity's series on the book called "The Great Taking."

I am too. And mine increased a lot also.

Depends what and where you are. I live in Florida and I received my renewal last year and it almost tripled ( $11K to $32K). Contacted my agent and the solution was a 4 Point Inspection of my property. Make sure your roof is within its life cycle, Hurricane resistant windows and doors) - basically do what you can to update your home. I was already updating the above, had the inspection, gave it to my agent and received a revised quote of $13K. I live on a the East Coast on a river less than a mile to the Ocean. So, I’m in a risky area but was still able to save. After Ian and Nichol I saw a lot of beach front property damaged. 2 years later and at least 50% of the beach front property, that was damaged by surge, has NOT been upgraded anything. My point is the owners have a responsibility to make their property secure in risk areas….its not all the Insurance Companies fault.

Good.

state farm is the most expensive. i got to see that when i was doing mortgage servicing.

It's going from 45.4 cents to 47 cents a gallon. So the INCREASE is 3.5% over the previous. So now you look like a fool.

Most management companies won’t do anything but take a landlord’s money. This is why so many keep changing companies. It would be hard to understand unless you’re a landlord. You at least have had someone to contact. There’s no law saying a landlord can’t change management companies. It’s sad they have to.

@@chrischamberlain7628 wow it's still hard for me to understand what you just said. Like you said but still wow thank you for trying to shed some light on the subject for me

So im a landlord and use a property management company and you have to make sure they are doing their job and taking care of the tenant. Probably better to just do it yourself.

@@colettespencer3357 It depends on a lot of factors. If a landlord lives far away from the property, the landlord could be ill, the landlord gets tired of being harassed by tenants ect. Why do you have property a manager if you feel it’s better to take care of it yourself?

I see the typo errors, it won’t let edit to fix. Oh well.

Do not bank online ✌️

I'd trade my fancy wardrobe for tattered clothes, if I get a brand new 20 year old body to wear those bellbottoms in.

Hand me downs, all the time.

I grew up in the 70s and I didn't wear holy and tattered clothes and not many of my friends did either!

It was a fad, i came of age in the 70s. Most of those kids at Woodstock came from upper middle glass families with some hippie groupie trash thrown in. Totally not any where close to great depression in the 1970s , insulting to people that lived through the depression as a kid like my Dad born in the 1920s.

I think the comment about people wearing jeans with holes and tatters in 70 s because of the economy shows what a terribly warped in accurate view of history some ( younger ?)people can get from internet , pop culture pics and film reels and stuff. The standard of living was still pretty darn good in the 70s despite inflation oil embargo Vietnam etc. it is important that those of us that lived that era correct these misconceptions. And I was no rich kid and wern't no Senators son!

BlackRock and Vanguard tend to lean right politically............

Global corporate entities, much like politicians, tend to be apolitical. They desire power and money and will use any political ideologies they deem to be useful at the moment.

What???

Clownshow

In the 1970s, one person would be able to pay the rent/mortgage. Today, it takes a Village!!!! Things get worse by the day.

I made $500 a month, before taxes, working full time (secretary) in 1973. I lived in a duplex by myself for $125 a month. I could afford it on my own. And bachelor apts. (one room, basically) were even lower, like $75-80. We didn’t know how good we had it. This was Los Angeles area suburb.

The good ole days! My first apartment in 1981 was $174 per month. I made $5.75 per hour and got alot of overtime. Life was awesome then

You might have been better off buying a mobile home in the country.

@@cathiwim the land we own can't have a mobile home.

It is accelerating

it's speeding up

Rough rule of thumb, houses rent for 1% of the value. If a house's value goes up, so does the rent.

@@oldroscoe2590 Right, they charge more because MARKET allows it. It has nothing to do with increased costs.

So the property taxes also doubled over time in Los Angeles

@@toycarpgmr not in california .

I agree 👍

so a total exemption of $125k?

@@lovly2cu725 no , going from 50k to 75k, so about a $4-500/yr savings for most counties.