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Moraga, CA
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Ignore russell
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In United States
Registered Jun 09, 2011

russell's most recent comments:

• On 10 Dec 2012 in Prop 13 reform picking up steam, russell said:

  https://beaconecon.com/index.php?option=com_easyblog&view=entry&id=18&Itemid=50

• On 7 Aug 2012 in Being A Landlord in a Depression, russell said:

  I've been a landlord for years and agree with most of this (never had anyone leave their kids yet); Eviction proceedings can only begin once the tenant has been served - and I've had tenants evade service for MONTHS - all the while trashing the unit and not paying. Even if the tenant comes to the door he has to admit to the process server that he is the tenant in order to be served. Once the tenant is served the clock starts ticking and depending on whether they feel like going to court and/or mediation it can still take several more months to get them out. I've been in the business for over 20 years and it's worse now than ever. My theory is that the moral hazard of that the banks create when they allow people to squat in their houses for months and years is having a corrosive effect on the rental business. A lot of people have freinds and relatives who are living rent free and they figure they should be able to do so also. Also tenants who have lost their homes to foreclosure have usually already lived rent free for months or years and resent having to pay rent to the landlord. The tenants I've evicted in the last 2 years had not lost their jobs, gotten divorced, or suffered some other unexpected calamity - they just didn't feel like paying the rent and figured by the time they were evicted they would be into me for thousands of dollars. It isn't hard to get a judgment and hand it over to a collector - but then you have another set of problems. Once the account goes to garnishment don't be surprised if the tenant quits his job - basically the games never end and a lot of tenants are effectively judgment proof. I've come to the conclusion that the best you can do is get the tenant out as soon as possible with the least amount of damage - offer to forego any judgment and walk away from unpaid rent in exchange for having them move out immediately.

• On 3 Jun 2012 in Pay down 7student loan with mortgage, family loans, etc?, russell said:

  Hi YesYNot - Is there any possibility that she can work on an Indian reservation and have the loans forgiven? I know a couple people with teaching and nursing degrees who are doing that. Good luck.