Extra pinch for landlords

[Telmark]

Fed up with bailing out wrote:

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I think the landlord has to agree and be active with Housing & Redevelopment don't they? Not every landlord wants anything to do with that.

I'm not sure about the "Housing & Redevelopment" but, I do know that they (the landlords) must be willing to take on Section 8 tenants in the above issue.

I however, agree that not every landlord wants anything to do with Section 8 tenants and the "problems" that they often cause.

[Fed up with bailing out]

Telmark wrote:

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I'm not sure about the "Housing & Redevelopment" but, I do know that they (the landlords) must be willing to take on Section 8 tenants in the above issue.
I however, agree that not every landlord wants anything to do with Section 8 tenants and the "problems" that they often cause.

I actually meant Section 8. I wasn't sure if they had changed the laws surrounding that or not. The government appears to be able to force us into a lot of things these days.

[Sommery]

9to5r wrote:

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I own a few duplexes; and when I ask for $725 for a two bedroom I end up with ghetto girls having a screaming match with baby-daddies on their cellphones WHILE filling out my rental app; or guys straight out of the halfway house. When I ask for $775 on up I get folks who work at the local bank or nurses. Totally different class of people and I need to make sure other renters are safe. Also,the mortgage for a $180k house is $1750, so you do the math for me to get the bills paid.

Can I rent from you?'Cuz I pay just under $1000 for my two bedroom... and those ghetto girls and guys straight outta the halfway houses are my neighbors.$775,$800,$900 is reasonable if you are getting quality. People like me are getting the slumlord and paying the high price. Oh, and my apartment complex was decent when I moved in, but 3 years and countless property managers plus new owners later it's horrible. It seems like half of North Minneapolis are making an exodus to my building.

[Fed up with bailing out]

Sommery wrote:

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Can I rent from you?'Cuz I pay just under $1000 for my two bedroom... and those ghetto girls and guys straight outta the halfway houses are my neighbors.$775,$800,$900 is reasonable if you are getting quality. People like me are getting the slumlord and paying the high price. Oh, and my apartment complex was decent when I moved in, but 3 years and countless property managers plus new owners later it's horrible. It seems like half of North Minneapolis are making an exodus to my building.

And I thought $350 was bad to pay for rent the last time I rented. I don't know how anyone saves for a house paying rent like you're paying. We bought our son a trailer home and his lot rent was $250 a month at a nice park, plus he paid his utilities. I'll bet that amounts of less then half of what you're paying. Try and save some money to pay cash for a trailer and you'll lower your rent substantially. THEN you can save money to buy a house. The way you find a good park is to drive through them at different times and just notice the activity going on. If you go this route, ignore any of the comments about "trailer trash" and just know you've got a nicer place to live in the interim while you save for a house. There's nothing wrong with living in a trailer. They're much nicer then an apartment full of thugs.

[9to5r]

Sommery wrote:

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Can I rent from you?'Cuz I pay just under $1000 for my two bedroom... and those ghetto girls and guys straight outta the halfway houses are my neighbors.$775,$800,$900 is reasonable if you are getting quality. People like me are getting the slumlord and paying the high price. Oh, and my apartment complex was decent when I moved in, but 3 years and countless property managers plus new owners later it's horrible. It seems like half of North Minneapolis are making an exodus to my building.

Shure! I'm getting one of my units painted and cleaned this weekend. Keep an eye out for it on Craigslist!

[Sommery]

Fed up with bailing out wrote:

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And I thought $350 was bad to pay for rent the last time I rented. I don't know how anyone saves for a house paying rent like you're paying. We bought our son a trailer home and his lot rent was $250 a month at a nice park, plus he paid his utilities. I'll bet that amounts of less then half of what you're paying. Try and save some money to pay cash for a trailer and you'll lower your rent substantially. THEN you can save money to buy a house. The way you find a good park is to drive through them at different times and just notice the activity going on. If you go this route, ignore any of the comments about "trailer trash" and just know you've got a nicer place to live in the interim while you save for a house. There's nothing wrong with living in a trailer. They're much nicer then an apartment full of thugs.

I completely agree that there's nothing wrong with a trailer. Have you priced one lately? I did about 8 years ago because I wanted to be a homeowner. I was looking at $50,000 for a small single wide with 2 bedrooms to $125,000 for a nice doublewide with 3 bedrooms that I could actuall raise my kids in. Not too bad, but add in the cost of lot rent, and it's still out of reach.

I almost bought a house a couple months ago for $105,000 and my house payment would have been over $200 a month less than my rent. Unfortunately, I don't have "A" credit so my loan fell through. For what I pay for rent I should be a homeowner.

[Fed up with bailing out]

Sommery wrote:

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I completely agree that there's nothing wrong with a trailer. Have you priced one lately? I did about 8 years ago because I wanted to be a homeowner. I was looking at $50,000 for a small single wide with 2 bedrooms to $125,000 for a nice doublewide with 3 bedrooms that I could actuall raise my kids in. Not too bad, but add in the cost of lot rent, and it's still out of reach.
I almost bought a house a couple months ago for $105,000 and my house payment would have been over $200 a month less than my rent. Unfortunately, I don't have "A" credit so my loan fell through. For what I pay for rent I should be a homeowner.

The one nice thing is that trailer homes go down in price drastically almost right away. We purchased one for our son that was only a couple of years old for around $23,000. There was absolutely nothing wrong with it and it was perfect for the son at the time. With being a newer trailer, the bedrooms were rather small, but it didn't matter with him. He just needed a place (other then our house) to hang his hat. He's back to renting which is just flat out nuts when his lot rent was only $250 a month and was a fantastic park. That park even took care of some of the stuff inside of the trailer. That was a shock. Usually everything in the trailer the owner is responsible for. The big drawback to purchasing used is that you can't get them financed like you can a new one. That's not stopping you from taking out a signature loan or something like that. We sold one that we had purchased for my daughter for $10,000. We had paid around $20,000 for it, but it had served it's purpose and we just wanted to get rid of it so we wouldn't have to pay more lot rent with no one living there. It was a solid enough place, but we got sick of the little things that it had wrong with it. We never did have a major expense with it and it was a place for her to stay with tons of room. She didn't respond well to the isolation. She didn't have a car and we got stuck hauling her around all the time. The lot rent was around $400 when we left and I thought that was a bit steep. It was still cheaper then rent though. The newer trailers have more of a house construction.

If you can figure out a way to either save the $$$ for a used or almost new trailer that would be the far better bang for the buck. It's really hard to save money though when you are paying rent that is costing you over half of your income. We've had our home for about 30 years and it's paid for. Taxes amount to about $250 a month and we have utilities to pay of course. It's funny. You get through paying for a home and you still don't own it. We're looking at putting in a new hot water heater, furnace and air conditioning. That is going to be a huge expense. We're going to be doing okay on putting the hot water heater in though. Hubby has someone in the neighborhood who is going to hook it up for us. It will cost us less then $500.

There's a drawback to just about everything when it comes to the place you're going to be living in. All you can do is end up in the living situation that works out best for you. If you have a family, you definitely need something other then an apartment.

[Fed up with bailing out]

Another thing. People add on to their trailers all the time. If you're handy with doing stuff like that, even a smaller trailer can work out if you can maybe add a bedroom to it. We looked at a trailer with a big bedroom added to it and I really liked it. It's surprising to see what some are able to do with those places to make it work for them. You'd have to check with the park management I'm sure to see if you'd be able to do that or not. You can't just up and move those trailers anyway without a huge expense doing it. The park management plan on those trailers staying pretty much there for good once they're there. We heard it costs around $7,000 to move them. The only reason we learned of that is because the couple who purchased my daughter's trailer - their parents thought of moving theirs across the street and it was just too cost prohibitive to do that. They only lived a block away anyway. I guess they liked the idea of having a small corner to themselves.

[Tom VanPutten]

I wonder how many of these tenants are moving because they have to live next to " Section 8 trash "?

[Fed up with bailing out]

Tom VanPutten wrote:

I wonder how many of these tenants are moving because they have to live next to " Section 8 trash "?

How wonderful for you that you're so much better of a person because you're not on section 8. How many paychecks are you away from needing help yourself?

[Sommery]

Fed up with bailing out wrote:

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How wonderful for you that you're so much better of a person because you're not on section 8. How many paychecks are you away from needing help yourself?

Even if he did need help, he couldn't get it. Section 8 vouchers are passed down in families from parents to their children. These people don't respect their rentals because they've never had to actually pay for them. While not all people on Section 8 are trash, plenty are.