Economy Landlord with 24 properties. We’re suffering during Biden’s eviction ban, too and no one is helping.

[White Whale]

Julio Gonzales who has been a landlord for 20 years. Has seen a 15% loss in profit. Residents not paying rent essentially leads to free living, while landlords still have to pay for taxes, utilities and more.

As a landlord, you can’t pay bills, it’s affecting credit, your losing property, and now you are going to lose everything.

People have been giving unemployment plus the stimulus they gave out last year they couldn’t pay some bills.

BlackRock and other multi billion dollar companies are going to own everything if nothing is done about this.

https://www.businessinsider.com/lan...n-cdc-renters-evict-julio-gonzalez-2021-8?amp

 

[Papi Chulo]

According to the new regime, you really do not have ownership rights to your property

 

[Staph infection]

Is he just losing profit or going into the red on these properties?

 

[HockeyBjj]

“15% loss in profit”

So he’s still making 85% of the profit he made on rentals for 2019? I don’t see a problem. He’s not going to lose his properties to the bank if he still turning a profit, just less of one

sorry. He might not get to add a 26th property this year. Only a 25th.

Maybe he could try not flying private jet as much to recoup the costs.

 

[Natural Order]

Property owners and landlords are one of the first to be summoned when redistribution principles of communism are discussed....and by summoned I mean jailed and/or executed.

Some worrying parallels happening everywhere and most people don’t understand any of it.

It’s like nobody understands history or something.

 

[I Am Legion]

Lol....people collected record unemployment, stimulus checks, and didn’t use any of it to pay rent. The laws do not protect land lords or any small business owners for that matter. But keep electing these idiots. There should be no squatters rights at all.

 

[plataoplombo]

The real issue here was how quickly people lost their property rights in the blink of an eye.

 

[Seano]

“15% loss in profit

So he’s still making 85% of the profit he made on rentals for 2019? I don’t see a problem. He’s not going to lose his properties to the bank if he still turning a profit, just less if one

sorry. He might not get to add a 26th property this year. Only a 25th.

Maybe he could try not dying private jet as much to recoup the costs.

From now on, take 15% of your paycheck and throw it in the garbage. I don't see the problem.

 

[White Whale]

Is he just losing profit or going into the red on these properties?

He goes more into in the article. His company does not have the income to make renovations and improvements. He said they don’t know how many months they can last.

 

[EndlessCritic]

Landlords being forced to sell their properties to massive corporations at bargain basement prices because they aren't getting any rental income? What's the problem?!

 

[Wet Blanket]

It's hard to feel sorry for someone renting 24 properties not making as much as they did last year.... fuck that guy.

 

[ShadowRun]

“15% loss in profit

So he’s still making 85% of the profit he made on rentals for 2019? I don’t see a problem. He’s not going to lose his properties to the bank if he still turning a profit, just less if one

sorry. He might not get to add a 26th property this year. Only a 25th.

Maybe he could try not dying private jet as much to recoup the costs.

Can you send me 20$ every week? I am certain you will still be able to eat and survive no big deal. DM me for my paypal.

 

[Teppodama]

Then maybe property owners need to remember this shit during the next elections. If they vote the same fucking party or specifically the same politicians back in to power then they have absolutely nothing to fucking bitch about, nothing.

 

[second sight]

It's hard to feel sorry for someone renting 24 properties not making as mich as they did last year.... fuck that guy.

Maybe your landlord will say the same to you and throw your ass on the street

 

[Seano]

Can you send me 20$ every week? I am certain you will still be able to eat and survive no big deal. DM me for my paypal.

20? WTF, you deserve more of his money than that. What are you, a Trumper?

 

[HockeyBjj]

From now on, take 15% of your paycheck and throw it in the garbage. I don't see the problem.

Not 15%, but yeah 10% cut due to covid. Company was able to not lay anyone off tho. Managers got 20% cut.

so I fail to see a problem of someone’s secondary income (he owns a giant engineering firm as well) taking a little 15% hit.

@ShadowRun see above. Lots of people took income hits due to covid. I don’t see why landlords taking a 15% hit is a big deal when they’re still profitable

Landlords having to seek some single family homes so that there’s more available for actual ownership would be a good thing. Renting other than lower income multi unit buildings breaks the supply and demand market of housing.

 

[Oceanmachine]

Julio Gonzales who has been a landlord for 20 years. Has seen a 15% loss in profit. Residents not paying rent essentially leads to free living, while landlords still have to pay for taxes, utilities and more.

As a landlord, you can’t pay bills, it’s affecting credit, your losing property, and now you are going to lose everything.

People have been giving unemployment plus the stimulus they gave out last year they couldn’t pay some bills.

BlackRock and other multi billion dollar companies are going to own everything if nothing is done about this.

https://www.businessinsider.com/lan...n-cdc-renters-evict-julio-gonzalez-2021-8?amp

Tucker did a piece on this. Some Dems are naive like AOC unless she wants to also pay the landlords

But it seems the desired effect is to get landlords to sell to gianr corporations

 

[Wet Blanket]

Maybe your landlord will say the same to you and throw your ass on the street

I don't have a landlord.

Keep trolling tho.

 

[Hellowhosthat]

There should be a limit on how much residential property one should be able to own and this person owns quite a few more than what I think that should be.

 

[White Whale]

Not 15%, but yeah 10% cut due to covid. Company was able to not lay anyone off tho. Managers got 20% cut.

so I fail to see a problem of someone’s secondary income (he owns a giant engineering firm as well) taking a little 15% hit.

@ShadowRun see above. Lots of people to income hits due to covid. I don’t see why landlords taking a 15% hit is a big deal when they’re still profitable

He talked about clients of his having to liquidate their properties selling them to private equity.