Quote (duffman316 @ Mar 25 2021 09:42am)
We have employment insurance in canada which is not great but adequate. I hear things are pretty bad in the usa, florida particularly on that front.
Yeah, this isn't a "war on landlords", it's the logical conclusion of Republican policies gutting social safety nets.
Virtually no states here in the U.S. have adequate systems in place to handle unemployment, and in an absolute fuck ton of states (Florida for example) the systems have been actively sabotaged by Republicans.
Quote (thesnipa @ Mar 25 2021 08:40am)
the rule of thumb in rental investment is after 30 days action is needed on vacant properties. rental price lowering, advertisement, hiring headhunter organizations, etc.
your assertion that 12 month vacancies happen and need to be planned for sounds like endlesssky level hip shooting bullshit. "it happens" isn't congruent with "you need to expect it" or even "you need to be ready for it". its like saying any restaurant owner need to be ready for a catastrophic kitchen fire and have cash flow on hand to replace everything.
overall the war on landlords is near the top of the list for stupidest thing the left is fighting for in 2021. i find it really stupid and will just lead to shitty subsidized housing, corporate boilerplate landlords, or both, while not helping people get quality housing for affordable prices.
Rule of thumb is great, but not perfect. I'm basing what I'm saying largely on my own plans to potentially buy the house I'm in now and rent it out in the near future, and just some basic advice I've gotten from shit like YouTube channels run by small renters.
In my view, the "war on small landlords" is primarily being fought by Republicans fighting against an adequate social safety net as described above. If we had an adequate safety net set up then the vast majority of tenants would still be paying rent. We wouldn't actually need eviction moratoriums to protect from mass homelessness.