Tenants Stopped Paying Rent - My Response

[@dhyde9207]

He owns $6,000,000 in real estate in Los Angeles. In other words, one 3 bedroom, 2 bath bungalow.

[@carmenroxas5404]

D Hyde haha so true

[@neemok7784]

Nice

[@pequodexpress]

I understand that someone with seven properties totaling $6,000,000 in value has some cash flow and gross net worth on paper, but how many of these properties are owned outright and how many of them were purchased with very little down to be paid off by renters over the next thirty years, or possibly sold off for a profit IF they appreciate reasonably enough? What's the yearly maintenance costs for these properties?

[@pequodexpress]

This offers some explanation: www.cnbc.com/2019/11/21/how-graham-stephan-lives-in-los-angeles-on-1point6-million-a-year.html

[@tombslasher]

10 cardboard boxes with ocean view with a free bottle of cheap wine in a paper bag.

[@CaseyBurnsInvesting]

As long as they aren’t growing weed in the garage and trying to kill their landlord. OG fans will understand

[@Shugo_Flex]

Casey Burns Investing lmao I spit up my fucking juice!!!

[@toplyrics457]

Haha

[@Jujj180]

"Guns & Roses" 😂

[@richardgould-blueraven]

Was thinking that same thing

[@abirdatemytoes4024]

im proud to say i understand

[@redmondhenry398]

Tenant Stops paying rent. Graham: Ah yes now i can make a video to recuperate the costs...

[@davidpeterson4422]

Savage

[@Peter-hd2do]

He protecc He attacc But most importantly Graham Stephan keeps me financially on tracc

[@DemetriPanici]

Peter Tiziani ayyyyyyy good one

[@charlesludwig9321]

Nice lmao

[@jesusrios444]

He should gain some weight.. that way he can also be thiccc

[@lincolnwithmanny8837]

@Checkmate Chess Channel man I remember back when I was a kid I won so many chess tournaments and I was quite successful I once played agaisnt 25 people at once and I was like 10 years old... Man I miss those days in the park... Everytime I see something related to chess I think of those moments

[@ezrab5828]

😂😂

[@zelllers]

This guy's thumbnails are hysterical. Every single one looks like he's about to have a breakdown.

[@GrahamStephan]

hahaha!

[@RealMisterDoge]

Dude seriously

[@pasteancalin7826]

thumbnails that make you feel some emotion are more likely to make you click them. I probably wouldn't be watching his content without them

[@mjz667]

Heavy is the head that wears the crown

[@mikejoey5088]

uh, he is

[@kevinh811]

My aunt, who can be a little mean spirited, has the money to pay her rent but isn’t paying right now because she get a weird thrill thinking she is getting away with something. What she doesn’t know is that my cousins (her kids) are paying her rent and not telling her. The last thing any of them want is for her to get evicted and come and live with one of them. Lol

[@webbit1518]

KEVIN!! i been in that situation...thats funny but also not funny...LOL

[@DanielDTUBWeinberger]

They should just be like "no"

[@alicea5]

Sounds like me if my dad suddenly stop paying rent

[@davidsosa507]

>the last thing any of them want is for her to get evicted... Oh, so swet >... and come and live with one of them Lmao, now that's relatable

[@nikkitalley1413]

Yeah I feel them. Sometimes you just get along with family living apart.

[@mitthrawnuruodo1730]

People not paying rent: Me, an intellectual: *laughs in living with mom not paying rent*

[@GrahamStephan]

hahah congrats!

[@bigdaddymatty4804]

Always knew Thrawn was a mamas boy... haha

[@perfectscotty]

Your a smart man, stay there and bank cash up. And whatever you do don’t get mixed up with the wrong woman. You would like Aaron claerey, asshole consulting here on KZbin.

[@brycebirtell4178]

Laughs in living in a van 😎

[@truflz2618]

eyyy rent free gang. I can get my own home but I would rather just rent out my own properties

[@AutomotiveAnatomy]

Tenant-We cant pay you rent this month. Graham-Did you smash the LIKE button?

[@GrahamStephan]

The most important thing of course!

[@brandonpanozzo86]

Lmbo good one

[@ReasonableRadio]

When you look at Grahams millennial money income, a tenant encouraging people to smash the like button for him is probably worth more than rent

[@waterheaterservices]

The LIKE button will MAGA

[@ibabymomx3]

LMAO

[@MisaMouri]

Being a landlord is an investment or so im told. Every investment has risk. Too many landlords wanted to complain that the essential good they have had....guess what....risk. The risk with real estate is the people you rent to can lose their job, die, get sick.

[@rogerarvizu5558]

That's why you do a 1yr lease

[@bradvincent2586]

12345 12345 the government should pay everyone’s rent! And groceries too!!

[@eddenoy321]

@@rogerarvizu5558 I think you mean this is why you should only offer month to month renting. People get sick, lose their jobs, and die pretty regularly. No lease will change that.

[@starcatcher3691]

Yes there is risk but we shouldn't take on more than was is fair. For instance we shouldn't have to put up with tenants who simply want to take advantage of the situation. We shouldn't be the ones to shoulder it all either.

[@patwonder3045]

if you talk about risk ... there is also a risk having a job and getting laid off. not every landlord is a greedy millionaire ... both, distressed renter and landlord should be helped

[@AboutAysha]

Definitely going to waive rent for the month of May. My tenant’s hours got cut back and I want to be able to help as much as I can!

[@GrahamStephan]

Amazing!

[@johnathanepic3790]

more people like you are needed!

[@miss.butterfly6745]

You are a beautiful person

[@reneeleese]

Aysha Chaudhry - Property Investing will you waive or defer it?

[@DIVISIONINCISION]

Times like these will demonstrate what kind of landlord you've been. If your tenants respect you, they will work to pay you back. If you've done them wrong, they might not pay for months and prolong an eviction process.

[@investinyou4292]

People: paycheck to paycheck Landlords: month to month Banks and companies: bailout to bailout US government: war to war

[@GrahamStephan]

uh oh!

[@TheTechnician44]

Most accurate comment ive ever seen...

[@ugoekwegh4581]

@@TheTechnician44 exactly

[@JamesHollowayYT]

Invest In You That’s actually the most accurate thing I have ever read.

[@andybaldman]

War is definitely coming. You heard it here first.

[@DoveDaniels]

So glad my landlord is giving all three of his tenants 4 months rent free. He knows we will do anything to protect him. Humbly blessed to be his tenant.

[@tonymog7681]

My landlord say 3 months free BUT NOW HE say NO WTF REALLY

[@martins4118]

I'm glad I'm renting a room for $500 and not an apartment for $2000+

[@JamesHollowayYT]

Martin Su that’s awesome! What are some other ways you’re reducing your spending?

[@lopez122795]

where do you live? that sounds like a lot even for downtown Chicago area

[@edercortes1960]

Martin Su .....👏🤜 same here I live in NYC with a roommate and I pay $450 in rent ...you’re right I’m better off paying this than $2000 in an apartment by myself

[@martins4118]

James Holloway A lot of ways, not eating out including takeout/delivery, buying used stuff, driving an old car, not buying stuff I don’t need or keeping up with the Jones.

[@SanskarWagley]

I rent a room for $600

[@FinancialBeanstalk]

It’ll be very interesting to see how this pans out for people who over-leveraged themselves 😬 or the AirBNB’s that aren’t being rented currently.

[@drmosaddegh]

thats why you create multiple streams of income so if one thing fails you aren’t left to starve

[@FinancialBeanstalk]

Mrs Joseph Joestar Absolutely! Great point!

[@MichaelChoi]

A lot more rentals on the market with aggressive rent deals like free one month rent.

[@cartagenadaniel1973]

I do AirBnB, That is dead stopped. But....I have other long term renting. Multiple types of rental income is key. But, having a reserve for the SHTF takes the stress off. Having that in cash, commercial credit, personal credit are all last stands if needed.

[@Ktjwk]

They deserve it.

[@pzeller1]

I had one affected by COVID-19. I told her don't worry about April/May, they'll be no late fees and we'll work out a payment plan. To my surprise, the tenant completely caught up in mid-May. If you are lucky enough to have a good tenant, it absolutely is worth it to work it out with them.

[@cullinm]

Graham, I will say, this is the type of content that keeps me coming back to your channel. This really helps me understand what’s going on. Thank you so much.

[@GrahamStephan]

So happy to hear, thank you!

[@JamesHollowayYT]

Cullin McGrath agreed! What are some things you are trying to learn?

[@jacquelinele9170]

So true!! He has a great perspective and one of the few ones I've been interested in listening to during this pandemic

[@JamesHollowayYT]

Jacqueline Le same!

[@meetmilo4417]

People that stop paying rent in April but make their own ice coffee.. Graham: Fair enough, I like this guy

[@GrahamStephan]

hah!

[@meetmilo4417]

@@GrahamStephan I don't even drink coffee, so that $0.2 is compounding as we speak hahah

[@JamesHollowayYT]

Meet Milo right!? For a whole year I cut out everything that wasn’t a necessity in my life so I could buy my two rental properties that now cash flow $1100 a month.

[@nw9801]

And all you guys can buy enough toilet paper to last a lifetime 👍

[@jobooty6053]

@@GrahamStephan your a stud GRAM

[@glassvial]

Tenants stop paying rent, stimulus checks come in, Walmart runs out of TV's.

[@ShirtlessSimonCowell]

I'm currently renting and having an emergency fund has given me soooo much comfort. Everyone I know is more anxious than ever. But, I know I'll be okay or even come out of this better off than before. Thanks for the inspiration Graham! Without you and Dave Ramsey to inspire me, it wouldn't be where I am right now.

[@GrahamStephan]

Woohoo! Great job!

[@LumiLunar]

It got me wondering if Graham's tenets watches his channels.

[@GrahamStephan]

I know a few that do!

[@JamesHollowayYT]

Ricky Ng I’ve actually wondered that same exact thing but for my KZbin videos about my properties!

[@DemetriPanici]

Ricky Ng best question I’ve read all day 😂

[@SparkleP8nter]

Ricky Ng good question!

[@f30hotep3]

Lol I’m one of them

[@jordann2835]

Video idea: rate those “make money become a millionaire” ads that pop up while watching your videos in terms of effectiveness

[@ApfelNicknack]

Dupflup during quarantine I’ve been watching KZbin excessively as it’s my main source of entertainment, those have been the only ads I got and I’m not taking about 1 or 2 ads per video it has been more like 3-5 of those silly super brash get rich quick ads

[@joefunk76]

Effectiveness of the ad... or the product/service they’re advertising?

[@TheMindfulMillennial12]

OMG PLEASE! If I was making millions by network marketing - the LAST thing I would be doing is showing other people and expanding the market...

[@g.hickory1383]

yes i just had some dude who looked 14 telling me he could make me a millionaire

[@MrJamberee]

He's going to zero during this crisis.

[@TheRealGuywithoutaMustache]

Tenant: (Stops paying rent) Graham: You could not live with your own failure, and where did that bring you? Back to me

[@GrahamStephan]

haha oh no!

[@JamesHollowayYT]

Just Some Guy without a Mustache It all leads back to him!

[@angus5320]

Do you watch Davie 504

[@yeetmachine52]

Well here u are again

[@quinn2002]

Just Some Guy without a Mustache all comments lead back to you

[@annienguyen5487]

Why am I watching this . I don’t even pay rent

[@GrahamStephan]

haha maybe one day!

[@HorseRadish403]

Me too

[@hpdpco6634]

Thats because you know how to live below your means

[@ryanmitchell3824]

Knowledge is power, one day when its your time to pay rent, you'll know exactly how everything works and will be more prepared for it

[@nerfgoonie]

Annie Nguyen you will

[@NomadElite]

Ask for a rent reduction due to the lost value like not being able to use most facilities such as swimming pool, gym, barbecue area, etc. that’s assuming that you live in a compound and still have money to pay the rent but want to save some.

[@RamieJazairli]

Let’s all be grateful that we still have a roof over our heads. EDIT: When this comment has more likes than my sub count 🙃 It's nice to see that others feel the same way!

[@GrahamStephan]

indeed!

[@Psyshimmer]

people still forget this

[@Defy_Convention]

Also grateful to live in a country where overcrowded tin roof slums aren't that roof.

[@DIVISIONINCISION]

Yes. I'm starting to count my blessings. There are many people worse off. I have a house, pension, food etc.

[@joslu80eight5]

Amen!!

[@danhall5761]

Since following Graham I’m now saving 5/6 of my wages. Feel he’s contagious.

[@GrahamStephan]

WOOHOO!

[@keldonator]

And I'm over here happy I am saving 1/6th lol

[@jayman453]

My friend is a landlord and he freely gave his tenants a two months free rent forgiveness as a no fault of their own without punishing them in the future by forcing them to pay more to make up for this. So hes eating the cost just like he would if all the appliances became faulty. He handles the job as a landlord just as he does with everything else in life by refusing to be taken advantage of but still finding honor in kindness. His tenants will probably never leave. Though I understand what this video stands for I also can appreciate that us people can accept that this isn't our faults. So it's nice to see my everyday folks out to help, so no digs at you but I definitely think you would recover much quicker than your tenants would trying to scramble to make up. Course I still dont look down on you either, just because you have money doesn't mean you should be punished either BUT i do believe as landlords you have responsibilitys to the families in which you provide for, I mean that is the "job". Regardless it is a crappy situation for everybody. We dont ever get anywhere on our own, the world needs more help, love, and understanding- on both sides. Also please dont take this as I'm saying everything must be free and taken from the rich and all that junk as I am a believer in hard work for what you want and need, no handouts, your not being ugly it's just this topic made me think of other ugliness in the world. Sooo anyway good videos and interesting input, keep up the good work!

[@KarinaFangz]

Your friend is doing something commendable and that is great. Don't get me wrong, I sympathise and acknowledge the misfortune of what is going on right now. But I wholly disagree with your standpoint about what a landlord's job entails. The job is to maintain a property so that another who desire to rent it can do so. Their "job" isn't to provide for, or even care for, their tenants beyond that. It's like buying food from a restaurant and expecting them to give them out for free. You make quite the humanistic argument, but I just don't agree with putting contractual obligations on par with acts of kindness. They're two different things, and to some, rent might be their way of surviving. Aside from that, I have no objections. Take care!

[@HoUsEoFbRiX]

@@KarinaFangz Being a landlord is hardly a job. If you can't afford to live without other people's earnings to prop you up, you probably shouldn't invest in something you can't afford. Property beyond what you need is an investment and investments come with risk.

[@KarinaFangz]

@@HoUsEoFbRiX you might not think that being a landlord isn't a job, just like investing in stocks and materials isn't a job. Most likely due to the lack of employment and hard work, but at the end of the day they are providing a good and they're self-employed. It's the only source of income for some people, and there are standards they must abide by. Also everything you do requires the help of others, it's a fundamental basic function of society. But I agree with not investing in things you can't afford.

[@Zage55]

"this is 30k dollars cash" who keeps getting this ad -_-

[@GrahamStephan]

hahah!

[@miah5561]

Me

[@donttouchme2095]

"gurus"

[@sirfredrickeggenhauser2795]

I have KZbin red peasant

[@caleb1972]

@@sirfredrickeggenhauser2795 the money you spent on youtube red is $1mil in future money that you just lost. Who is the peasant now?

[@KellanJames]

Graham's response: Do you have any idea how many iced coffees that cost me??

[@CalebOliver]

Kellan James - Real Estate Investing for Cashflow 😂😂😂 Also I wish your channel much success! 🔥🔥🔥

[@KellanJames]

@@CalebOliver Aw, thanks! 😊

[@manictiger]

Goro: (grunts and crushes Graham's glasses) Graham: Those were 2500 iced coffee glasses, 455h073! (Kicks Goro in the cajones)

[@davidregan9872]

My landlord just raised our rent! What a nice guy that hasn't done anything, but a new water heater in 12 years!

[@ludwigvonmiseswasright4380]

if you don't like paying rent, buy your own house

[@pablocores7877]

Sarah Isles That’s like telling starving people to just eat food.

[@JohnKlick]

Was it below market, if not you should be able to find a better deal elsewhere

[@adarkgothicforest8508]

@@ludwigvonmiseswasright4380 the problem with that is en less you have very good credit and a downpayment (hard to get a down payment when you pay over priced rent just to live) you see the point there its a pit and very hard for low income, even average income people to get out of to buy a house

[@Saracinderallasushis]

A Dark Gothic Forest The real problem is that lots of people would sooner spend all their money, no matter how much they make, smoking/gambling/booze/pot/women......many bad habits to waste money on!

[@chrisglaze1410]

Graham is at 1.69 million subs. Let’s appreciate the little things in life😂

[@CalebOliver]

Investing With Chris LOL literally 😂

[@spookirock3826]

NOICE

[@Yuki_Francisco]

Investing With Chris nice

[@isaiahsanchevy9252]

Heh heh

[@doppleganger3496]

Nice.

[@vader5042]

You'll get your rent when you fix this damn DOOR!

[@dangeroreilly2028]

There are legal ways to do just what you say. I hope if anyone withholding rent for lack of repairs is doing it the proper way. Certainly tenants don't believe they can disregard promises in their lease because they believe the LL isn't meeting his obligations, do they? If they did that, they'd have no right to complain about LL.

[@neshiaj5840]

I’m so grateful I can still pay my rent. Hope this pandemic will end soon😢

[@KingOfShenanigan]

It won't

[@mechamicro]

@@KingOfShenanigan Not until like the Fall. Trying to negotiate to landlord for not paying 3 months then roll back slowly with higher rent on Sep with late fee.

[@AB-sr3jd]

I’m proud of you ... just cut off all unnecessary expenses at this point in time ... if your landlord doesn’t have backup savings and you don’t pay chances are you both end up losing out in the end ...

[@erickpina8802]

Won’t end any time soon with all these trump supporters protesting a virus. It’s literally a comedy show watching them thinking they’re actually doing something

[@dailyorangepill3338]

Unfortunately, many people live like the Kardashian's on a Walmart budget! Emergency funds should be a priority.

[@gloriabass9945]

I was able to continue with on time rent eventhough I'm not working because of covid 19, I have an emergency account .

[@GrahamStephan]

Awesome!

[@majorlycunningham5439]

$6 mill in rental properties in LA? So like 5 houses? lol

[@Ena48145]

One

[@drnsells3036]

M M no he has 5-6 homes. Some of them are multi families.

[@antonioskontonasakis]

More like 3 3 bedroom 1 story houses lmao

[@Kevn_DJ]

Matt Cunningham 7 max 😂

[@darknessfadestolight4312]

If that

[@ismaellesalomon7798]

Hi Graham, I literally never log in to youtube, watch ads, subscribe, or smash likes but for you, I will. In all seriousness, I was laid off from my dream role in a major corporate company in February and have yet to secure a new opportunity. Watching your videos like me know that even if I've made major financial mistakes in the past all that matters is how I move forward. Keep up the great work!

[@jordanharkins97]

Just completed my real estate course! Couldn’t have done it without your help Graham thanks!!

[@jordanharkins97]

John Cannon thank you! I was a little worried but good or bad there’s no perfect time to get into it better start now!😁

[@George_Perez]

LOVE THIS and couldn't agree more I don't have tenants as I mostly invest in stocks, but as a business owner who charges a monthly subscription fee for using our software we have pretty much given 2-3 free months of use to anyone who asked for it, because I mean times are just crazy right now so you got to be a bit more compassionate with everything, but we're all going to get through this!! 💪

[@r.g.431]

George - The Money Making Wizard [Weekly Videos] smart business! People will remember that!

[@George_Perez]

@@r.g.431 Facts building long term relationships is so much more important for any business

[@r.g.431]

George - The Money Making Wizard [Weekly Videos] thats what some of these ppl dont get! Treat your costumers rite! And they will be loyal!

[@r.g.431]

George - The Money Making Wizard [Weekly Videos] example one day I made an insurance claim with my auto insurance sons-of-bitches treated me like a criminal! 3 month investigation witch they ended up paying of car anyway! I cancelled them once everything was taken care of! In the other hand if they had just taken care of business like they are supposed too! I would have sticked with them!

[@George_Perez]

@@r.g.431 That's literally a perfect example, they missed out on a lifetime customers, by just trying to be greedy.. and still ended up needing to pay you PLUS now they lost your loyalty, DUMB. Not too mention that its extremely expensive to acquire new customers, but if you have loyal lifetime customers that doesn't cost you anything. Treat people right and they'll be happy to you their business, I'm always mind blown that more businesses don't seem to comprehend that

[@BrianVelez]

Graham, when will we get the chance to see you dust off that drumset? 😆

[@GrahamStephan]

haha hopefully soon!

[@DrsGanandMo]

One of my tenants called me on April 4th with the news that she had a reduction in her pay and hrs and that her husband was laid of. She has been a tenant for 4 years; we explored best, and worst case scenarios together and came up with two plans that will allow her to get back on her feet along with meet her rent obligation by spreading out the May rent over the remaining term of the lease We actually just put up a video discussing how the market and these conditions are uncharted yet with a level head we will all come out of this ok

[@GrahamStephan]

Good luck in these trying times

[@meganm9978]

I think it's important to consider the tenants financial status during these time especially as landlords. Holding that landlord-tenant relationship is important and key, and coming up with a plan is the goal. Goodluck!

[@DrsGanandMo]

@@GrahamStephan Thank you!! I just closed on two fourplexes in texas and one tip i have for all those you are currently trying to rent out their units is screening tenants and only accept apps from tenants in jobs that havent been affected such as goverment employees etc!!! Ive really became very picky with the jobs my potential tenants hold as to ensure that they will be able to continue paying the rent

[@CalebOliver]

Interesting perspective! Also I like your videos. Keep it up! 🔥🔥🔥🔥

[@DrsGanandMo]

@@CalebOliver Thank you bud! WE appreciate that very much !

[@abelpizarro5621]

I was always financially literate, but this channel brought me with the gods of financial literacy

[@GrahamStephan]

Thank you!!!

[@CalebOliver]

Abel Pizarro Cool videos. I wish your channel much success! 🔥🔥🔥

[@abelpizarro5621]

Graham Stephan thank you I own 2 properties now! Money growing in CIT bank, 401k booming

[@abelpizarro5621]

Caleb Oliver thank you man appreciate it !

[@domineye9129]

I emailed my landlord about my April rent. He didn't respond and I made a partial payment on-time, then a follow up email. The landlord responded demanding to see January's bank statement. I don't see what January has to do with April and also don't feel like my bank account is any of his business... So I'm electing to take the late fee. I have no doubt this will be reported to skiptrace and expect it to be harder to rent down the road, but, I can't make money appear when it doesn't exist... as a tenant who has never talked to the landlord *or the property management company* since the lease began , this is frustrating. For context: the property management company that now holds the account had purchased the account several months ago. The only notice we got to the effect was a note on our door and it was confirmed by the previous company that we made our payments to. Literally the only communication I've had with the new owners is when they asked for my bank statement from an irrelevant time period as "proof of hardship." I love the building, I love the area, and I think my rent is fair, but I miss the days when you could talk to an actual person...

[@Genesisramseyy]

Domineye I hope everything works out for you ❤️

[@drpepper23flavors]

You're either being hardheaded or naive if you can't see how a previous month's income is relevant to verifying your current hardship.

[@tenaciousdestiny]

I hate to break it to you, but almost any time you ask for financial assistance, it is likely you will asked for a copy of bank statement/proof of income.

[@oeckstei]

I feel for you. Nowadays we have a lot of foreign and domestic investors buying up property and choosing to hire a cold management company to most of the leg work. This has the unintended consequence of not creating any mutual respect or loyalty between the landlord and tenant.

[@Mikaylap713]

Destiny June this is an extenuating circumstance. It’s not like a regular financial situation. We’re going into a recession due to a pandemic. This is unprecedented & most states don’t allow evictions during state emergencies (which I believe every state is under until at least May now).

[@PerryUnlikely]

April was good for me, but I’m definitely keeping reserves and staying on top of it.

[@GrahamStephan]

Good!

[@IncomeOverOutcome]

Graham: "None of my tenants missed rent in April.... because I let them pay with iced coffee" #CashIsTrash

[@GrahamStephan]

hah!

[@Nickasap]

If you have the money pay the rent. Imagine being stuck 5k our more when this all ends.

[@pbrsteve5974]

Graham: "Here are my thoughts,...First"--cut to diaper commercial

[@leadnsteel1428]

First I'm going to show you how to make a 6 figure income working from home if you buy my proven system

[@anonymousinvestor9593]

​@@leadnsteel1428 Happy to show you how I did $19k today... just posted on my channel =)

[@BSFilms1997]

I got some sort of review-buying ad... and Chinese propaganda.

[@clintonlandry4873]

😂

[@thatxonexguy5438]

Adblock

[@Annie080875]

I smashed the like button just because Graham is such a decent guy. What landlord would actually have empathy for tenants? Graham, that's who.

[@MajesticFerret]

If you rent from a private landlord, most are pretty good people. It's the commercially owned apt complexes that are ruthless.

[@locomoco2012]

This is gonna get worst. Everybody I know who has reantal property LOVE TO SAY how much they have in assets BUT STAY HUSH HUSH on amount of debt they owe.

[@burandone14]

locomoco2012 yup

[@KronStaro]

if you own property and have debt, you are either a new property owner, or have no idea what you're doing.

[@lipscomb3632]

@@KronStaro I would say it would depend on the amount of debt vs. properties you own. If you owe 20% of the value on 80 properties you have a lot more room to bend than you would if you owe 80% on one property. Property owner's that have cascading debt on multiple properties will get wiped out during this crisis. (That means you Airbnb owners...) Dave Ramsey's real estate story is very likely to happen to a lot of would be real estate moguls.

[@breerivera8865]

My landlord is selling his apartment complez by the end of this month we will have new owners. They barely fixed anything he said he's $35,000.00 in debt because the main pipe broke. It's crazy some landlords raise up the rent and blah blah blah , yet they don't fix it and if they do they take a while and/or do a half ass job.

[@locomoco2012]

@@KronStaro rental property is just a way to have a little more income. LONG TERM. young dudes want to buy multiple properties within couple of years. It is not a way to leverage an extravagant lifestyle but something that can payoff many many years down the road.

[@weerobot]

Homeless in America going to Skyrocket once this Over...be more sleeping on streets than in Buildings..

[@urbana11229]

to quote Jay leno - "where are the parents"?

[@Bekssss]

Not really , price will crash 60%-70% landlords will run bunks will sell to new owners, rent price will crash

[@virtuosityll7116]

No, There WiLL Be A RoTation!! Landlords Switching Out new Tenants, Tenants Getting new Landlords LoL

[@Mockduck2020]

Vitalii when did that ever happen?

[@purpledude5526]

Not my Landlord. When the Shutdown in Ohio happened and people got laid off my Landlord send out a text to all the tenants where they can find a job LOL.

[@purpledude5526]

@@vavila16 Your right, he Isn't wrong. It is his property, he can do what he wants. Doesn't really send a good message though.

[@jborrego2406]

Purple Dude ok u go to work An ur boss says he not going to pay u

[@fearbabyriffs]

Vic Avila He isn’t “wrong” if you consider risking loved ones lives to go out and work just so your landlord can self isolate & live.

[@ludwigvonmiseswasright4380]

@@fearbabyriffs You that's how most land lords spend their time? Small residential land lords are often working 9-5 jobs as well, and they prefer to invest in real estate rather than the stock market. Most land lords have mortgage payments, and the government didn't send out anything about those being cancelled.

[@richlem276]

fearbabyriffs he should have some savings. People think that all landlords are rich and have easy money but some are just like normal people and bought a house to invest and people think because you buy a house you are rich. The landlords need money for mortgage and more expenses.Some need the money for mortgage because the government and bank won’t help them out and they could lose a lot of money. This is bad for a landlord who does not have a lot of money to spar

[@feebeci]

I’m a first time landlord and honestly can’t afford for them to not pay rent. Luckily they work in healthcare so good job security 😇

[@johnycastillo3335]

You should really have lots of money saved up before becoming a landlord. What happens when The home becomes vacant for 2 months? Or HVAC goes down?

[@HoUsEoFbRiX]

Owning a rental is an investment, sometimes investments lose money.

[@christineritchie8014]

Unless the healthcare tenant falls ill....

[@feebeci]

As I’m a first time landlord the money I get from the property is going straight into a bank account for a rainy day. . Just need to build it up a bit to get in the safe zone . The house will never be vacant it’s in the best spot although , I have landlord insurance.

[@feebeci]

I could always sell and get my money back , as it’s increased in value by 250k

[@iked4421]

I’m glad I’m still working, I feel for all the people out of work right now that’s no good. I was in that situation 4 years ago wasn’t an easy 5 months

[@GrahamStephan]

aw man, good for you now then!

[@kgal1298]

I paid my rent on time and all I got was a call from my landlord about my downstairs neighbors complaining about my cat making running noises during the day because we're all working from home now. -_-. Apartment life man.

[@GrahamStephan]

aw man :( I approve of you!

[@DIVISIONINCISION]

Time to think about a house. I'm so glad I left all those issues behind. Not to mention having a 2-car garage.

[@NickPeitsch]

You made it to Trending! YAAAS!

[@anonymoussquirrel6427]

I've decided to rent out my brain... After all, its intellectual property.

[@GrahamStephan]

XD

[@Sleeping-nomad]

Oml 💀😂

[@CalebOliver]

Anonymous Squirrel 🐿😂😂😂😂

[@DemetriPanici]

Anonymous Squirrel that’s... ur right

[@TheWutangclan1995]

Smart, cunning, and hysterical. Well played you deserve a like and many more.

[@ReggieBryant]

Forever commenting and smashing the like button for the algorithm. Graham, as usual, your content is very valuable and informal- more people need to see this! Thanks for consistently putting our valuable content and continuing to motivate and inspire many people! Thanks man!

[@robbybiddle9236]

Reggie Bryant lol informal? Or informational?

[@ReggieBryant]

Robby Biddle well technically speaking, both. He’s very relaxed and casual with his delivery AND he brings valuable info 😉

[@DrsGanandMo]

He has been a huge inspiration in the real estate game for us, especially with everything going on right now. His content is extremely relevant.

[@robbybiddle9236]

Reggie Bryant that works. 👍👍

[@DrsGanandMo]

Average Millionaire He definitely does! Great content and engaging information!

[@crystaljohns4163]

Got here just 18hrs later hoping my comment would be seen by Graham😄Thank you Graham, appreciate you so much!

[@GrahamStephan]

OF COURSE!

[@etaftestarossa9516]

I love watching Graham's financial content :)

[@GrahamStephan]

THANKS!

[@TheEntrepreneurChannel]

Graham's response "The video about my tenants will pay their rent for them". However, Graham has to work hard on the video! So, everyone watch the entire video and smash the like button!

[@GrahamStephan]

Thank you!!

[@livingbychoice604]

Good point lol

[@BBEros]

@@GrahamStephan what would you do if this really goes to the... Would you lower your rent ? Forgive some months ? Do you think currency is going to devaluate ? Or deflation is going to happen ?

[@TommyBryson]

Very good video 😎 it’s all about finding a happy solution. Win win

[@GrahamStephan]

awesome! Thank you!

[@scottk2160]

*Graham coming through with the facts yet again!* 👊🏽

[@arose60]

If a tenant loses their job in the pandemic and can’t pay and 1/3 of the country is in the same boat what do you achieve by evicting them? Good luck paying the mortgages on a bunch of empty rentals. As many have already pointed out any investment has risk, normally the risk is market crash and negative equity but anything can happen. The truth of it is in my opinion, landlords investing in a real estate portfolio are taking advantage of a fortunate financial position where they are permitted to even buy properties, the part that bothers me is taking advantage of the less fortunate who can’t do that and contracting them to aid in paying for their assets. Essentially, the wealthy abusing their security and attaining assets on a poorer persons dollar. I work full time and can not attain approval for enough money to buy a property I want to live in, meanwhile others can, choose not to live in them and allow someone else to pay. Comparable situation, a bank here charges no bank fees if you are paid more than $2000 a month into your account with them, if you don’t, they charge you... if anyone can afford that and not miss the money, wouldn’t it be the people making more?

[@coachwmartinez]

I am happy for you that people have paid their rent. I know people can be negative and are wishing you the worst possible scenario. But, I respect that you are working hard for your money. Godspeed Brother!

[@LordCommissarLex]

I finded mind-blowing when I see landlords who live month-to-month that just blows my mind.

[@GrahamStephan]

Me too!

[@JamesHollowayYT]

Lord Baelish So true! I have two properties that cash for me $1100 a month, and I have enough cash reserves to withstand six months of hardship in case my tenants stop paying. Thankfully they have not stopped paying. I talk about my experiences and knowledge on my KZbin channel!

[@DIVISIONINCISION]

Those are slumlords, baby Lord Bae.

[@elliethevegan8416]

I suppose it depends if they're a new landlord?

[@chadernest4399]

Plus if you lose a tenant now you have to fill that home with someone else and with the current job market and people being laid off it would make sense to work with the current tenant on a plan that benefits you both.

[@StudioVoodooMusic]

Nice video Graham. You're a very wise and fair-minded person. I like that. You suggestions for both tenants and landlords are spot-on. I do think there is a subset of corporate landlords/managers who expect their tenants to literally sell (or pawn) their belongings to magically make the money appear each month. Sadly, their pressure tactics work well enough on some people to keep squeezing. From a landlord perspective, so much depends on how owners' real estate holdings are leveraged. From speaking with my institutional RE friends back East, a number of large real estate development funds are likely to collapse; not because of non-payment by renters, but because of a liquidity crisis while projects in development are stalled or scaled back. (I'd hate to be in commercial leasing right now!) We were fortunate to collect 100% of our rents this month, but I agree that next month will probably be different. It was interesting to speak with my property management company and to find out how much they depend on late fee revenue - something they are not allowed to collect right now in North Carolina. For smaller R/E investors who have a lot of debt, this time could be terrifying over the next few months. We are not in any present danger whatsoever (0% debt); but nothing is completely safe in this environment, and our future plans will likely have to be re-evaluated when this is over. There may be great potential in the recovery and its aftermath - I hope so. In the meantime, we're all in this together; and we'll all be asked to sacrifice something. If there ever were a time for tenants and landlords to cooperate in good faith, this is it. Liked and Subbed!

[@table3731]

"Hopefully I'm not one of them...." "That was a little crooked." 😆😆

[@avitony35]

My tenant paid his rent in full; I bought him a dozen doughnuts and put it out on his doorstep. He works from home so, I know he’ll be eating it on the couch and not on the go :)

[@GrahamStephan]

Hahaha awesome!

[@FreeRightsProtection]

That's called properly screening your tenants! Some landlords rent out properties to people that they know barely scraps by. These are usually the giant commercial companies. This problem can also occur with navie older investors who put all their money into properties, then rents them out to younger people who unsteady income. This isn't the country's first show at this, but it goes to show how non-resilient our economy actually is.

[@clydeb7713]

He was a diabetic and went into a coma, tanks a lot!

[@vanshikasharma8053]

Hi Graham! Dunno if you’re gonna see this but here it goes. I’ve been binging your videos since quarantine started and I have to say they’re the most practical videos ever. I’m from India so the context is different from your videos, but your videos really shifted my focus about money. I’ve made a lot of better financial decisions in the last fortnight than in my 3 years of working. Thanks a bunch! You’re awesome! ❤️

[@thewongmindset451]

That headline definitely scared me the first time I saw it....luckily my tenants all paid on time...some even paid way early. Everyone’s just trying to get through this thing...

[@GrahamStephan]

nice!

[@JosueRealty]

Kindly utilize the “like” function in order to active the KZbin algorithm for Graham

[@GrahamStephan]

hahah woohoo!

[@HearMeLearn]

I like this one

[@nicklangridge3314]

Pay me and I'll like it lol

[@nicklangridge3314]

Pretty sure all these youtubers asking for likes is the equivalent of Hollywood actors begging people to go see there movies if it's good people will like it asking seems kinds sad really Please say I'm cool hahaha

[@JosueRealty]

Nick Langridge why you mad bro

[@HangNguyen-ih8rf]

You’re a very kind man Graham....your tenants are lucky ones.

[@BoltRunner]

This is like my morning TV show. While I drink my 20 cent iced coffee. He deserves his own tv show

[@independenceday3764]

BOLT CLAN he has one. who watches TV anymore? it’s full of fakery. This guy is legit. I don’t agree with everything he says, but overall, he’s a straight up good guy. He has more subscribers than #FakeNews @CNN. Keep up the great work, @Graham Stephen

[@tonyjuarez3034]

@@independenceday3764 😂😂"fake news"

[@jessiraeann]

I’m only commenting so you’ll have 123 likes and 4 comments, at least for a moment.

[@pabloaguilar6342]

Lol he does but I’m pretty sure he’s doing just fine doing KZbin without having to respond to any corporate bureaucracy

[@BoltRunner]

Jessica Raeann if only my channel go this many likes

[@jeremywheeler8417]

That three to six months reserved that you recommended is actually recommended for everyone not just landlords. I don't keep it in the bank, I just pay 6 months of my house payments at a time.

[@timpoolboy98]

Smooth brain here thinks working people can just get a 6 month reserve. Mfer most of us barely make enough to pay for groceries.

[@asanti3748]

Jeremy Wheeler I’ve thought about paying 6 months in advance, however my main concern with that is what if the property owner didn’t meat their end of the bargain with keeping up with maintenance or anything that needed to be fixed. Than I would have lost any leverage I would have to make them fulfill their part.

[@whydoihave6neutrals772]

010111 00101 no need to insult him because he’s smart with his financial decisions and your the poor smooth brain. Enjoy your time of crisis! Haha

[@whydoihave6neutrals772]

A Santi it’s really only smart with a property your looking to own.

[@whydoihave6neutrals772]

010111 00101 5 years ago I worked a minimum wage job. 5 years ago I also went back to school. 3 years ago I graduated college. 1 year ago I bought my first house 4 bedroom 2.5 bath. Your only limit is yourself bud and the more sorry you feel for yourself the longer you won’t be able to pay for groceries

[@AdamMalmstedt]

So happy to hear that your video is trending Graham - you really deserve it!

[@chef_moquin9535]

Title: "Tenants Stopped Paying Rent" Me: Oh no, Grahams Tenets aren't able to pay rent *watches video* Me: I have been bamboozled again, but I'm not even mad

[@manp1039]

it was click bait.. and ironically he talked about article that used a similar piece of click bait to get people to read it.

[@m0nzer]

M A#np I think the word you are looking for is ‘Hypocritically’.

[@chef_moquin9535]

@@manp1039 yet in a way Graham's title wasn't really click bait because he never said "my tenants" we just assumed it was his tenants

[@manp1039]

@@chef_moquin9535 true

[@jesselourens9451]

Chef_Moquin95 That’s the point of clickbait though...

[@NoyFinanceVlog]

My landlord didn't wait for me to request for payment delay instead messaged me ahead of time requesting me to pay on time.

[@NguyenCPAs]

Graham, love your videos man. Keep up the good work.

[@thomasreedy4751]

My mom's tennents told her that they weren't going to pay, and they didn't owe her any money. I told her no, you can't harrass them for the rent and you can't evict them for now ... but they still owe you money. Chances are they won't pay and will need to be evicted. The housing market is going to get bad once the stay at home orders are lifted.

[@matthew8153]

Thomas Reedy Perfect opportunity to buy new rental property.

[@havensilvers1479]

you are legally not allowed to evict someone during this time right now. that money is hers, i agree, but i am also apart of the lower class unemployed right now so i understand the situation. maybe there is a compromise you all could come to?

[@CodySteckRealEstateVideos]

It's interesting that they are saying 1/3 renters are unable to pay. When you consider that roughly 30% of American's rent, this means that 10% of American's were unable to make their payment. The numbers don't add up. Sure unemployment has shot up to 6M+ but with 200M working age people, this means that only 3% of people should have been in a spot where they are unable to pay based on losing their job. Where are the other 7%? (This is also assuming that the 6M who lost jobs are renters, which is not the case.)

[@GrahamStephan]

Watch until the end!

[@CodySteckRealEstateVideos]

Brian no it doesn’t, and that’s a good point!

[@CodySteckRealEstateVideos]

@@GrahamStephan Thanks! You got me! This same topic was on my mind and I was running numbers and my keyboard warrior fingers had to type out my first comment before I watched the whole thing lol.

[@victorias5272]

The 6 million figure was just how many people filed last week. The Coronavirus total (past 4 weeks) for unemployment benefit applications filed right now is at 17 million

[@andrebyman8744]

I think it would be even less than 3% because you aren’t taking into account anybody who lost their job but are prepared for emergencies. I haven’t lost my job but thanks to the emergency fund I have saved up, I would be fine for several months even if I had no income.

[@Rainson_Entrepreneur]

Okay. This channel is the dopest channel on business niche

[@craigdeming8391]

Seeing an increase of adds interrupting the video from the already annoying 10 % of play time to 30% of play time LOL. Graham, are we offsetting loss of rental revenue with add revenue?

[@darthvader7010]

craig Deming yes, cause that fool greedy

[@nawalatlas2427]

@@darthvader7010 whip wdsqatjn za

[@caorusso4926]

Use addblock, is free and can save hour of your live

[@Klubyk]

I have KZbin Premium 😁, no more 20 adds on his video and others 😁😁

[@ilizarddd]

What's wrong with trying to make some money with ads during a pandemic lmao? He's making this video that you virtually can watch for free.

[@PotatoePriest]

Never been late with rent and am a person who's budget is set so my utilities are 3 months in advance while my rent is at 2.5 months almost up to 3 but not there yet but I'm set if there's a emergency in my life. My landlord loves my us it's a great business relationship

[@Danielex-en9ku]

You have my respect

[@PotatoePriest]

@kingofallcrypto Slave no dont think so currently where I live and make money it's cheaper to rent then buy a home and I'm able to have a savings that would make most people envious. But that comes with hard but smart work and using what you have to. I'll be able to get myself into real estate myself by getting some apartments or houses to rent. I'm looking to work smarter not harder in that I'm not spreading myself for others to just slave away for someone else forever. Also I don't come from a wealthy family. So I'm trying to become a true self made man and not one that was handed a small fortune to start with. One brick at a time builds a good foundation. I've gotten far and fast by working for my money so I'm happy. If I took a loan could I achieve my goals faster of course but that opens me to risks I don't need if I have time that I do have. Now me paying rent and utilities in advance may be stupid to you but my foundation is strong enough to make it so if I lost some means of making money i.e my job I've a buffer to get work without panicking and having to lower my wage earned to find that job or I could switch companies and move while knowing that my landlord would let me out of my lease at no penalty and would allow me my over paid rent back if I wished to move. This arrangement is beneficial if you can do it. Like I said my landlord and I have a business relationship that is that business not personal and I want to that way. It's been 5 years this way and as I said I'm at that point where I can almost start my real estate plan but not all the way there. But you think as you will and do you as you wish but at least I've no worries about today tomorrow or the future cause I've taken care of all things that have to be taken care of. Good day

[@alextruss]

Congrats graham. U got on “trending”

[@GrahamStephan]

FIRST TIME!

[@alextruss]

Graham Stephan been watching your videos since you had 70k subs

[@russelljamesmassey]

Shocking...a study is off and the news jumps all over it! 🤯😂

[@GrahamStephan]

haha!

[@russelljamesmassey]

Seriously though I don’t get why they have to do that.

[@brianndegwa6583]

@@russelljamesmassey for clicks

[@AustinSamuelF]

Another option would be to allow for reduced temporary rent in exchange for an extended lease period. Taking in less rent but reducing your vacancy risk 💁‍♂️💁‍♂️💁‍♂️

[@JenniferBellfilms]

Congrats for getting on trending, king!!

[@GrahamStephan]

Thank you so much!!!

[@MrWorkinguy]

Graham: The title is a bit miss leading. My response: smashing the like button 👍

[@penchoivanov2242]

Man when your channel got in my recommended section I thought you were just the next scammer but you proved me wrong.Keep up the good work!And smash the like buttton

[@GrahamStephan]

WOOHOO! Thank you!

[@aan0409]

My respect for you has skyrocketed after this video, which says a lot because you were probably one of the most respectable KZbinrs on the platform to begin with.

[@ZacharyLaid]

Make sure your next tenant is subscribed to Graham and has basic financial knowledge to know how important an emergency fund is.

[@GrahamStephan]

Haha love this!

[@tonysopranooo1]

if you're a landlord shouldn't you have an emergency fund as well?

[@Dontstaylonely]

nah - make sure if you're going to make someone's home your "investment", then YOU have the emergency fund to cover any losses that investment will incur in times of a global pandemic. why should tenants use their family's emergency fund to boost your profits?!

[@L0v0lup]

How to get a coaching by Graham: Rent one of his houses, dont pay rent - get a free coaching. 😜

[@GrahamStephan]

EXPOSED

[@isaacaguirre835]

You made tending my friend !! Graham gang

[@brianmcdonald6735]

I will say most people are unable to pay rent with most of my rent from Seattle I have given most of my tenants that are having financial struggles, I have forgiven them of this one month.

[@dongately2817]

He's trying to convince himself this crisis isn't gonna be bad. Sorry dude.

[@Bekssss]

Yeah , like 40 years "girls" believe to be hot as 18 years old 🤣

[@jphshow9668]

graham, your channel is growing i love it, like for that.

[@GrahamStephan]

Thank you!!

[@thebesteveralina]

If people don’t have $$ to pay rent today, how can they have 3 months worth of rent in 2 months.

[@NikNik0123]

Exactly

[@gemmart6568]

This situation sux, I work in construction and even my job slowed down, but thank god I'm still working. I'm hoping the housing market drops, momma wants a new home. 🤨

[@toni5543]

Same! My man and I are in Scotland and have been saving for a home for some time. This virus could result in a crash and we are hopeful to catch a deal when buying a house this year as soon as they unfreeze the markets

[@themurphy6279]

Toni harder to get a mortgage though that’s why the market will drop

[@themurphy6279]

Gem Mart harder to get a mortgage though

[@gemmart6568]

@@themurphy6279 hopefully not, I all ready have my quotes. I think the only way I'll lose it is if I loose my job.

[@gemmart6568]

@@toni5543 I wish u guys the best🤗 I herd Scotland is beautiful. Why come here😂

[@l-3084]

Thank yoy Graham for addressing inflammatory sensationalized news and social media rhetoric that seems to be bombarding the minds of Americans. We appreciate your unwavering solid tone of addressing facts, not feelings or fake news or maybe I should say tainted news🤔 Nonetheless, thanks for keeping us faithful followers in the loop😊

[@GoddoDoggo]

Ew, this whole comment is littered with buzzwords.

[@kingmessi5961]

Love and abundance for all. Have faith my fellow humans We got this.

[@GrahamStephan]

Love it!

[@DemetriPanici]

Messi King thank you!