patrick.net

They don't have "repair&deduct" in Georgia?

Yep, they plug the numbers into a computer that tells them where job growth will be, cause? .. the people have to work to eat, knowing they'll need housing, then buy up those markets knowing they will come.

Owned by corporations.

Even funnier yet, if/when municipalities fine the corporate owners they'll just pass the costs onto the customer.

I would think it should be easy enough to get a judgement in court against such a landlord, seeing as to how they don't seem to like to actually show up.

Renters can't afford lawyers, or the time, imagine dealing with contractors, courts, and small claims is mostly for local cases only. Renters don't have money to get papers served intra state. Taking time off work, trying to get reimbursed for all that, if your up against a corporation, they are going to own you somehow. On the other hand, I hear they are quick to settle smaller disputes because of the paying people to go away theory.

What a mess.

Our government, such fools to continue to let corporate america run the American people into the ground, little do they know, they are shooting themselves in the foot.

everything says

Even funnier yet, if/when municipalities fine the corporate owners they'll just pass the costs onto the customer.

Nope - you can get only so much blood from each stone.

What Happens When Wall Street Builds A Rental Empire?

The country starts looking like a section 8 nightmare.

Nah, they'll get it, when the renter does not pay it's a tax write off for the losses they incurred.

New Renter says

everything says

Even funnier yet, if/when municipalities fine the corporate owners they'll just pass the costs onto the customer.

Nope - you can get only so much blood from each stone.

American homes for rent at june 30 had 18k homes of which
10k were rented 6k under renovation and 2k vacant
http://investors.ah4r.com/Cache/19246283.pdf?IID=4392539&FID=19246283&O=3&OSID=9

smaulgld says

American homes for rent at june 30 had 18k homes of which

10k were rented 6k under renovation and 2k vacant

http://investors.ah4r.com/Cache/19246283.pdf?IID=4392539&FID=19246283&O=3&OSID=9

I have no idea if that's good or bad (meaning no basis for comparison).

I never predicted success for big corporation to own single family houses. They jump on cheap, old houses which by today standards require constant maintenance. What use to be a solid investment, now is a maintenance costly investment. Today is very difficult to find solid, reliable building materials, which are very important for Landlords. Tenants do not care as much as owners for property. Now when everything is made in China, including brand name products, life span of materials is very short. I experienced kitchen faucets or light fixtures, rusted in just after one year, kitchen cabinets made from particle board (when got some water – you have molds), heating boilers withstand less than 8 years, cracks in concrete slabs, unseasoned twisted wood in framing, etc. Of course builders love it, because is cheap. But for users is a nightmare. Fresh carpet, new paint, granite countertop, new fixtures etc., looks nice only on surface. What sells the product? – A nice, shiny package.

zzyzzx says

smaulgld says

American homes for rent at june 30 had 18k homes of which

10k were rented 6k under renovation and 2k vacant

http://investors.ah4r.com/Cache/19246283.pdf?IID=4392539&FID=19246283&O=3&OSID=9

I have no idea if that's good or bad (meaning no basis for comparison).

I dont either but it would be bad a year from now if they slow their purchases but the vacancy rate remains the same as it would mean they would not be getting a good return

REpro says

I never predicted success for big corporation to own single family houses. They jump on cheap, old houses which by today standards require constant maintenance. What use to be a solid investment, now is a maintenance costly investment. Today is very difficult to find solid, reliable building materials, which are very important for Landlords. Tenants do not care as much as owners for property. Now when everything is made in China, including brand name products, life span of materials is very short. I experienced kitchen faucets or light fixtures, rusted in just after one year, kitchen cabinets made from particle board (when got some water – you have molds), heating boilers withstand less than 8 years, cracks in concrete slabs, unseasoned twisted wood in framing, etc. Of course builders love it, because is cheap. But for users is a nightmare. Fresh carpet, new paint, granite countertop, new fixtures etc., looks nice only on surface. What sells the product? – A nice, shiny package.

Well you get what you pay for.

Next time go Grohe or Hansgrohe for plumbing fixtures, Triexta or nylon carpets, tile in the kitchen and bathrooms. Splurge and have custom cabinets made with marine grade materials. There is nothing wrong with granite countertops unless you like constantly cleaning grout. In places you do use grout be sure to seal it. Not sure how your light fixtures rusted, were they outdoor?

New Renter says

Hansgrohe for plumbing fixtures

+1 for Hansgrohe. Love it. Price wise, though, it's gonna be hard to justify for a rental when you can spend $65 for a Delta piece.

Heads they win, tails we lose. If they start going down, the FED will extend QE and start buying SFH from Wall Street owners only. As usual, the rest of us are on our own.