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Posted on 7/6/19 at 3:51 pm to S1C EM
You should have gone Redbud a month ago to buy yourself some time.
On another note, with residential real estate what it is right now, it is abnormal for someone looking for rental investment in a nice house... that typically happens in a down market. What's the rest of the story? How shitty is this house?
On another note, with residential real estate what it is right now, it is abnormal for someone looking for rental investment in a nice house... that typically happens in a down market. What's the rest of the story? How shitty is this house?
Posted on 7/6/19 at 3:55 pm to S1C EM
Your first mistake was living in a neighborhood. Sell the house, move out somewhere that you have a buffer and don’t have to worry about what other people do with their property that’s right up your butthole. Neighborhoods are gross. Tried it for 5 years and couldn’t stand it. Now I piss in my yard, have cows and horses at my back fence, and 250 acres with a pond and three creeks to play on.
Posted on 7/6/19 at 4:09 pm to Griffindawg
But at least he gets cable.
Posted on 7/6/19 at 6:48 pm to Spunky
quote:
You cant just pick and choose who you want to be able to rent their house you racist dick.
Where the frick do you come up with all these assumptions? Have you ever dealt with this issue personally? I’ve seen it go well (next door has been a good example), but I’ve seen this shite go sideways pretty fast. Honestly, I’m sure it’ll be fine. We were simply working through the “what ifs.” It’s a pretty big deal when essentially half the neighborhood turns into a rental. Why the hell are you so offended by the damn question concern options to prevent this sort of thing?
And the neighbors moved to Florida about 12 years ago. We’ve been here about 4; so yeah, that checks out, dickhead.
Posted on 7/6/19 at 6:52 pm to deeprig9
quote:
On another note, with residential real estate what it is right now, it is abnormal for someone looking for rental investment in a nice house... that typically happens in a down market. What's the rest of the story? How shitty is this house?
When we found this out, this is what got us curious. We have no idea because I can’t see any fiscal logic to this. It’s a very nice, 3300sqft home. The seller is a UGA professor. And there are plenty of cookie-cutter, starter home subdivisions around with distressed properties that this scenario is just extremely odd. I agree there has to be more to the story.
Posted on 7/6/19 at 6:55 pm to Griffindawg
quote:
Your first mistake was living in a neighborhood. Sell the house, move out somewhere that you have a buffer and don’t have to worry about what other people do with their property that’s right up your butthole. Neighborhoods are gross. Tried it for 5 years and couldn’t stand it. Now I piss in my yard, have cows and horses at my back fence, and 250 acres with a pond and three creeks to play on.
I hear you on this. And we’ve thought about it, too. As I said, we didn’t figure on having to deal with this in a “neighborhood” of five homes. Gives us nice privacy, but we still have neighbors and had hoped we’d have some kids around for ours to play with and such. That hasn’t worked out that way so far, unfortunately. We still love the place, so we’ll just wait it out and see how it goes.
Posted on 7/6/19 at 7:30 pm to S1C EM
Hell one of the worst rental houses in our old neighborhood is for sale now. I mean it was part of the reason we wanted to leave. BUT the realtor even told us our sale would spark the entire neighborhood and it did. We had a very nicely updated 1500 square foot house and it sold for $160k where other houses in the neighborhood were sitting on the market for months at $140 and less. It’s gone bonkers in there now. We probably could’ve gotten more now than we did last summer.
Posted on 7/6/19 at 9:29 pm to S1C EM
quote:
Where the frick do you come up with all these assumptions?
Here.
We have a home for sale two down from ours that is closing on Wednesday at 3:00pm. I have come to find out that the new buyer is planning to rent the house. For a number of reasons, we don’t want that happening (home values, instability of neighbors, maintenance and upkeep issues, etc). We have considered forming a HOA in the past, but this use issue may force it. I have read up on the hows and have a personal friend who is a real estate attorney and could draw this up quickly to get signatures in short order. My next door neighbor rents his home, which is fine. He gets good people in and he lived there years ago, so he’s kept it for sentimental reasons. We could write the rules up to allow for no more than 20% rental properties which covers his home, but doesn’t allow any others. I have read that some states require 60% of homeowners to sign and if that’s true in GA, the selling homeowner would not have to.
quote:
Have you ever dealt with this issue personally?
No, I'm not a nosey racist neighbor. Also, anyone with half a brain screens renters before renting. Simmer down, Francis. Not all darkies are bad people.
Posted on 7/6/19 at 9:44 pm to S1C EM
quote:
I have reason to believe that this person is attempting to rent a single-family home to two families, one on the main level, one in the basement.
Dose this house have full kitchen on both levels? Is the septic/sewer system rated for multiple families? These are a couple of barriers to having two families in a single-family house. Check county planning or zoning office.
But, the fact that you are ok with your next door neighbor being a renter and then you don't want one down the street, is curious.
Posted on 7/7/19 at 6:57 am to AlaCowboy
quote:
Dose this house have full kitchen on both levels? Is the septic/sewer system rated for multiple families? These are a couple of barriers to having two families in a single-family house. Check county planning or zoning office.
Good questions. No (not that I am aware) and no. Will do.
quote:
But, the fact that you are ok with your next door neighbor being a renter and then you don't want one down the street, is curious.
Let me clarify. It’s not that I’m “okay” with what the current neighbor does. I would absolutely prefer that he did not, either; however, he built his house 21 years ago and has been renting it the last 12. There really isn’t anything I can do about his situation outside of waiting on him to sell it. He has been pretty good about screening people, so it hasn’t been a problem. And because I figured any action to prevent future rental usage of the other properties would need his support, his interests would have to be protected. In looking over the issue, I came across the 20% cap example as something that is common and it just so happens, that would be exactly what we would need to allow him to continue what he’s been doing while also supporting making changes to prevent us going down the slippery slope of becoming a majority rental neighborhood. It’s not as big of a deal when the neighborhood has 150 homes. But each of these has a potentially much larger impact on each of the others.
Again, I would prefer no one was renting, but I was trying to look at this logically, knowing that that neighbor would have to support any measures to limit future use. I do NOT care anything at all about the ethnicity of whomever lives in the house. I DO care about property values and just having some stability in the neighborhood. The guy renting the house next to us just had his third tenant in the last 4 years move in yesterday. No one stays long in these situations and that kinda sucks.
Posted on 7/7/19 at 8:14 am to meansonny
quote:
Can you specifically define this action?
Not really.
I don't know the specifics. All I know is they named dude an "owner" somehow to get around the can't rent the condo out deal.
Posted on 7/7/19 at 8:23 am to retooc
quote:
Not really.
I don't know the specifics. All I know is they named dude an "owner" somehow to get around the can't rent the condo out deal.
Thats pretty creative, does Daddy Coot burn dowm like baby Cooter? That would explain how he dug the worm hole enough to find that loophole.
Posted on 7/7/19 at 8:39 am to S1C EM
I also would prefer no rentals if I lived in a subdivision. But, since I live on 114 acres and my nearest neighbor is 1/2 mile away, rentals don't bother me so much.
Posted on 7/7/19 at 9:08 am to AlaCowboy
quote:
But, since I live on 114 acres and my nearest neighbor is 1/2 mile away, rentals don't bother me so much.
You left out the part about your "neighbors" being your employer, and that half of your weekly pay as their farm hand is room and board in the loft of the hay barn.
Honestly though, I'd rather that than renting next door to Sic Em Stalin eyeing me like I'm going frick his dog.
Posted on 7/7/19 at 10:25 am to Spunky
He was big burner in 60s and 70s.
I suspect he became the "occasional" burner around 1985ish. Now in retirement... I guess he's back to full-time.
I suspect he became the "occasional" burner around 1985ish. Now in retirement... I guess he's back to full-time.
Posted on 7/7/19 at 10:35 am to S1C EM
Ahh man. You're getting a lot of shite for this, but I do feel your pain. We had college kids rent in our neighborhood, and it was a complete nightmare. Of course, we already had an HOA in place at the time. Still, there was nothing we could really do about it because we did have some other renters that were perfectly pleasant people. Hard to change the by-laws to say "person X can stay but frick person Y."
Posted on 7/7/19 at 11:09 am to retooc
quote:
I suspect he became the "occasional" burner around 1985ish.
I'm pretty sure I had the opposite effect on my folks, can't say I blame them though. I was a little wild in my younger days. Posted on 7/7/19 at 11:20 am to retooc
quote:
Not really.
I don't know the specifics. All I know is they named dude an "owner" somehow to get around the can't rent the condo out deal.
They probably quit claimed the tenant onto title, signed the note and security deed, and then had him quitclaim off title.
That qualifies for an owner occupied mortgage with the best underwriting terms/rates, avoids the HOA situation, and removes any risk with the tenant as owner.
Posted on 7/7/19 at 11:50 am to FinleyStreet
quote:
Hard to change the by-laws to say "person X can stay but frick person Y."
Well, that’s not specifically what we were thinking about. Yes, it would favor the guy currently renting, but only because he was first to do it and already had renters. It was simply a thought on how to put a limit on the number of rentals in place, which doesn’t currently exist. If the current guy sold, then new buyer would be free to rent. At this point, it’s pointless.
And jeez, who woulda guessed at all the SJWs on these boards. I had no idea.
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