Working Out A Fair “Win-Win” Payment Plan With My Landlord

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TrustedTenant
Posts: 1
Joined: March 29th, 2015, 1:19 pm

Working Out A Fair “Win-Win” Payment Plan With My Landlord

#1 Unread post by TrustedTenant » June 2nd, 2020, 7:50 pm

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My Landlord Cooperated With Me

These are difficult times for everyone. So many people are out of work and many have even been fired from their jobs!

The pandemic has changed the world and has hurt so many people.

And with all the schools closed many parents have to try to educate and entertain our children. This is especially tough when we can’t go to parks or playgrounds.

Landlords And Tenants And Paying Rent

As a long term tenant I have paid my rent according to the lease with my landlord all the time.

Now things have changed, the economy has changed, the whole world has changed due to the Corona Virus.

Economic Challenges

We tenants have lost hours, lost jobs, and even lost hope. This is a unique situation we have never seen before.

So How Should Tenants Deal With Their Landlord?

It’s all about being upfront and honest and working together. Things like "don't pay rent" will only come back to bite you later on and there are other ways to make sure you are protected.

Inform Your Landlord Of Your Predicament

Be open and honest with your small landlords because they will care and understand the challenges you face.

Most small landlords are nice people…they don’t want you to move (at least in my case). And they are willing to listen. And they are often flexible to reach a win-win situation.

Also, they don’t want to try to find a new tenant to replace you if possible. They want you to stay and hope you are willing to work with them.

See Things From The Landlords Point of View And Ask Them To See Things From Your Point Of View

Most small landlords are not like the rich corporate landlords living in their castles. They want you to stay and be their client.

They also know that finding another good paying tenant in the current environment will be very difficult and would prefer you to stay.

So it’s entirely possible to ‘work things out’.

Work Out A Payment Plan

I worked out a fair payment plan with my landlords.

Since I only get $2000/month from CERB and my rent is $900/month we agreed I would pay $500/month and I would catch up when the pandemic is over and I can get back to work.

This allows me to have confidence I will keep my home and also gives me $1500 for other things I need in life (and I still don’t need to dip into my savings!)

Working Together…Works!

View your small landlord as a partner in this whole crazy mess of a world.

Your small landlord likely rented themselves or have friends or kids renting so they are on your side. They might even be helping their kids or relative or friend who is renting deal with this situation.

Working Class Tenants Working With Working Class Landlords is Key

Many working class landlords aren’t rich and have bills to pay. They are usually pretty kind and flexible and if you be polite and tell them you want to work things out they will do it.

Make sure you rent from a small working class landlord because you can talk to each other and prepare win-win plans.

Stay Safe and Let’s All Work Together

Cambridgerenter
Posts: 67
Joined: April 2nd, 2020, 10:21 pm

Re: Working Out A Fair “Win-Win” Payment Plan With My Landlord

#2 Unread post by Cambridgerenter » June 2nd, 2020, 9:16 pm

Landlords where I am are committing massive mortgage fraud to buy their rental properties so it's dangerous to trust them.

Cambridgerenter
Posts: 67
Joined: April 2nd, 2020, 10:21 pm

Re: Working Out A Fair “Win-Win” Payment Plan With My Landlord

#3 Unread post by Cambridgerenter » June 2nd, 2020, 9:34 pm

Cambridge is ripe with this criminal activity!

Report it!

How to report possible mortgage fraud
If you suspect that you might be a victim or target of a scam or mortgage fraud you can put an end to the scam or fraud by reporting it. As a first step, report the matter to your local police. If you wish to remain anonymous, you can also submit a tip to Crime Stoppers[New Window] (1-800-222-TIPS) or to the Canadian Anti‑Fraud Centre [New Window]. If you wish to obtain legal advice, please note that the Law Society of Upper Canada [New Window] has services to help you find a legal professional.
https://www.fsco.gov.on.ca/en/mortgage/ ... fraud.aspx
There is no way these hick known druggies can own 4-5 properties when the don't even have jobs!

Many of these crooks talk about 'landlord rights'. How about disclosing how you qualified to buy all your rentals fer sher eh?!

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Laura
Posts: 719
Joined: September 18th, 2010, 8:42 pm

Re: Working Out A Fair “Win-Win” Payment Plan With My Landlord

#4 Unread post by Laura » June 3rd, 2020, 2:39 pm

It's nice to see people working together.

Cambridgerenter
Posts: 67
Joined: April 2nd, 2020, 10:21 pm

Re: Working Out A Fair “Win-Win” Payment Plan With My Landlord

#5 Unread post by Cambridgerenter » June 5th, 2020, 10:27 pm

Laura wrote:
June 3rd, 2020, 2:39 pm
It's nice to see people working together.
I want to.

Really I do.

But I see people who are earning their living based on getting rent. Sure that's okay.

But they bought their rental property "empires" based on income fraud and mortgage fraud with shady mortgage brokers faking income/saying they will live there to get the mortgage!!!!!!!!!!!!!!!!!!!!!

I simply can't "cooperate" with these stinky hicks who smell like old farts and only have their rentals due to fraud. And I'm working to hunt them down and will focus on this like a f*cking laser beam until they lose all their rentals, and get jailed!

This is my NEW MISSION IN LIFE! I WILL FIGHT FOR JUSTICE AND GET THEM JAILED AND WILL DO WHATEVER IT TAKES TO DO SO! AND FER SHER THEY WILL LOSE THEIR FRAUDULENTLY PURCHASED RENTAL PROPERTIES AND WILL BE JAILED FOR FRAUD!

Landlords must open the sh*t or whatever because I need the cashflow cuz I thought I was so tricky to commit mortgage fraud to get rich and muthaf*cka potluck dinners don't make me rich.


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We were your landlords...before smart tenants learned our tricks and turned us in and now we just got 5 years in the slammer

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