Still want to be a landlord?!

$30k lost so far in 6 months of lost rent, an eviction attorney, a deep clean from a cleaning company, and an exterminator. You still want to be a landlord?!?
#BuyandHold #Rentalrealestate #PropertyManagement #RentalPortfolio #Rentalmanagement #LandlordLife #longislandRealEstate #Hustle #RiseandGrind #investment #money #Business #ForSale #HouseHunting #NewListing #HomeSale #JustListed #TopRealtor #BryanKarpLI #SalesGiant #IlliterateMillionaire #ColdwellBankerAmericanHomes #CBAMHomes #CBAM #ColdwellBanker #ColdwellBankerAgent

[@JMat-wv5rf]

Aside from the rent issue, the place looks INSANELY clean compared to North Eastern New York where I'm from.............I'm talking 35 contractor bags bursting at the seams, bed and frames, multiple electronics, furniture, etc. This all from a 2 bedroom apartment. You got it EASY guy

[@andrewaustin9991]

Dude that's 5 times cleaner than my house.. I must be an absolute animal if you think that's bad

[@h1t0k1r1]

@@andrewaustin9991 you are an animal

[@Cheepchipsable]

So if you moved in to a place, you would be happy with that stuff lying around? Apart from the time and effort to clean, in most places it costs money to get rid of trash. Let's not forget the back rent owed.

[@carpo719]

Honestly doesn't look that bad

[@NHMark]

That is heaven to the places Ive cleaned out.

[@ElionVydell]

This is kinda whiny. You should be prepared to clean out and turn over the unit when it's going to change hands anyway. Did you think being a landlord would be just kicking back and collecting the checks?

[@firemaker22]

I think you forgot that the landlord pays for the repairs/maintenence of the place and this tennant just stiffed him for 6 months of that and left him a mess to clean. He has every right to whine about degenerates potentially bankrupting him

[@stickyfox]

That's what the word means!

[@Cheepchipsable]

You are usually required to clean the property when you leave. Granted this is not the worst, it's still a lot to have to do so you can rent it out again.

[@ericharrison6418]

Count yourself lucky. The toilets are still there, drywall is still up, appliances still there. Smoke detectors.

[@jwallner84]

Looks like he probably still made a profit for what landlords are charging people these days.

[@CodyWright-pq3eq]

It's crazy that you can't just kick a tenant out immediately 7 days after non-payment of rent. I've rented apartments all over the world and never needed anything besides a deposit. No need to prove employment or anything. Here in the US I gotta jump through hoops. Can't wait to leave again. I like renting but I hate the hassle of it in America.

[@Schwaka]

Shit like this is kind of the reason why. Without proof you can continue to pay the rent, people would rent places with no intent to pay, and the eviction process is a headache and a half. Tenant's rights get abused, but our politicians refuse to do anything about it, so landlords find their own way to mitigate the risk.

[@Cheepchipsable]

Getting that way all over. In Australia some places ask to see bank statements or wage receipts plus automatic withdrawals from your bank. Doesn't matter what your history of renting is like.

[@h1t0k1r1]

If a small time landlord gets shitty tenants like this, it’ll make them drive up the price for the next time to hedge against having another shitty tenant. To all of you tenants getting triggered right now, direct your beef to mega corporate entities buying up homes.

[@Cheepchipsable]

Small time landlords have less buffer to absorb these kinds of loses - which is exactly why corporate entities buy up a lot of properties - they can spread the loss over all the properties.

[@dillong9231]

Yeah no wonder it’s hard getting a nice apartment starting out without co-signers. This is exactly why

[@wolfensteinman7978]

It's crazy how Bew York punishes property owners.

[@BryanKarpLI]

👊

[@Raidisss]

Maybe you should get a real job.

[@sibhuskyguy]

30k lost seems insanely high for that square footage. The average eviction lawyer in your area charges 1000-1500. deep cleaning is usually 300-500, and this place doesn't look bad to begin with. a cleanout of the stuff usually costs about the same. exterminator, it's your property your responsibility to have an exterminator, but a visit from an exterminator is usually around 450.. there is no physical damage to the apartment so repairs and repainting don't seem to be an issue. there is NO WAY you're getting 9k a month in rent for that apartment, even in NYC... saying you lost 30k in 6 months quite honestly just makes you look like an outright liar...

[@Schwaka]

30k for 6 months is 5k a month, not 9k

[@sibhuskyguy]

@@Schwaka actually 4500, but it was a typo i didn't catch, but still, nobody is going to pay 4500 a month for that size apartment....

[@babsk4071]

SMOKE DETECTOR🤨 OLDEST ONE IVE SEEN IN YEARS!!

[@KapitalElement]

You got lots of free stuff

[@BryanKarpLI]

🤣

[@deborahlozano7134]

Sell it.

[@jwallner84]

If all the landlords sold their properties how would they make any money? Especially because everyone could affordably own a home. They might have to get a real job instead of living off the backs of the working class. Thats not a wise investment.

[@stickyfox]

People become landlords because they want to live off the labor of others, not because they want to be landlords. Don't hoard homes, and you won't have problem tenants.

[@Cheepchipsable]

Actually a lot become landlords to build up an asset they can sell for retirement - this is where the value is for the small landlord. The actual rent usually goes to paying the mortgage and associated costs. So until they actually pay the mortgage out, they aren't better off.(they can loan more money...) The pay off is in 20-30 years time when they sell the asset for the capital gain. You would need to own quite a few properties to be able to live off the income alone.

[@alz7880]

Cry me a river

[@VoiceULove]

So you allowed people to live in one of your properties rent free for 6 months? I think you may have dropped the ball at that point. The mess is just them saying thanks.

[@evan51298]

4 to 10 months to get the eviction paperwork approved is outrageous. Squatters are the worst.

[@BryanKarpLI]

👊

[@toby-jeanne_almy]

Been there... doing research on tenants is so critical. I'll give a place to someone i can find information on/ they're kind before I'll take "just anyone" for a better price.

[@Democratsknowbidensucks]

Some people hide the dirt. You really cant tell.

[@BryanKarpLI]

Our property management company ran all the background checks unfortunately sometimes it just doesn’t work out

[@just2botheru]

How do ppl just leave their stuff like it didn't cost them money to purchase it? Like, if stuff wasn't expensive, yeah sure, ig. Perhaps they just didn't care enough.

[@sibhuskyguy]

being evicted there is a chance the tenant ended up homeless and not able to afford a storage unit to put their stuff in or a moving truck rental to get the stuff to the storage unit. there's also the chance that even if the tenant could afford storage and a truck, over months the payments on the storage unit and cost of the truck would be more expensive than just replacing the stuff left behind after they finally find another place to live...

[@Cheepchipsable]

Lots of charities and plenty of cheap/free microwaves and furniture etc to be had. If you have no where to go and no where to store your stuff, what do you do. It's not like not paying rent is a scam for most people.

[@euniceloy7120]

Sad thing is, unless the laws get changed like what they have in Florida, this is just going to repeat itself with the next landlord. It doesn't matter how good their credit, or job, if they decide not to pay they have a place for free for 6 to 10 months.

[@BryanKarpLI]

It is a risk you take as a landlord in NY. We have a property management company that runs all the background checks to reduce risk as much as possible.

[@boredmillionaire9914]

Okay, so you care to tell the FULL story? Why did they stop paying rent? What did you do to make them stop? Did you refuse to fix something, or hike their rent up an unreasonable amount?

[@famicomnintendo]

why is it so hard to blame the loser who's behind in rent. If the tenant was in his right, he would not have been evicted

[@jjmad9322]

Crackheads?

[@Cheepchipsable]

To clean for that.

[@orenmontgomery8250]

This is far from being the worst state I've seen an apartment left in, but the non-payment is a big issue. I also think all the people in the comments claiming that being a landlord isn't a real job and that landlords are just leeches do not understand anything and are entitled brats (despite accusing the person who is providing their property to others to rent and not being paid as agreed a "cry baby").

[@Raidisss]

@@orenmontgomery8250 go home old man

[@DMBall]

Unfortunate. That's why a landlord has to be a demon when it comes to back-checking applicants.

[@BryanKarpLI]

Our property management company ran all the background checks unfortunately sometimes it just doesn’t work out

[@nessforbes7400]

So you don’t charge a cleaning fee? And waiting 6+ months to evict? Maybe you should just reconsider being a landlord instead of trying to convince other people

[@draco7652]

Most evictions do take upwards of 6+ months, and that's considered extremely short in Long Island; You can't just go and physically remove them at gunpoint, even if you have all your documentation in place. Not only do you have to get set a court date at least 3 months in the future, you have to win the case when most courts are very tenant-favored. This takes additional time. Then after you win the court case, you get the document saying they can be evicted, you need to work with the local sheriff, marshalls, some enforcement agency to escort them out. This takes another 2 months easily depending on where you are because they are typically overbooked as there are a ton of bad tenants that are good hiding their shit.

[@m.g.7475]

What do you think would be a reasonable cleaning fee for the way they left that place? 6 months no rent, abandoned 90% of their property, attorney and court costs to evict, and you want to focus on a cleaning fee? A reasonable cleaning fee wouldn't even cover the disposal costs of what they left behind.

[@BryanKarpLI]

Hundred percent we tried to work with them for the first few months when money stopped coming in, and then we had to ask them to leave and move forward with the eviction which took six months

[@orenmontgomery8250]

1:30

[@Superlegitusername]

​@@BryanKarpLI you say they, but we ended up with one perfect room, was this a roommate situation where you only had a lease with one of them?