Dude was a professional poker player for years, Bake. I don't blame him for cashing in his chips for a safe profitable profession.
Dude was a professional poker player for years, Bake. I don't blame him for cashing in his chips for a safe profitable profession.
talk about the over-regulation that is hindering your business unnecessarily, please
Happy to. What area of business would you like me to focus on. HR? Tax? Permitting? Environmental? Pick and I'll give you some.
Here is a quick one from just yesterday concerning some apartment complexes I'm involved with. Obviously we have to comply with non-discrimination fair housing laws, which itself is fine. But the second layer is that to comply, we often have to accept government rent subsidies (even though we have a wait list of non-subsidized renters trying to get in, we can't prioritize them because of fair housing, so we have to take the rent subsidies). The move-in packet for a non-subsidized renter is 12 pages; the move-in packet for a subsidized renter is 77 pages. Why the difference? Because it is basically 65 pages of additional regulations required to get the subsidy (which we don't want in the first place) making it harder for us to evict a subsidized renter than a non-subsidized renter if they don't pay their portion of the rent or if they commit a crime. So we're forced to take the subsidized renter, and then hamstrung by the regulations preventing us from kicking them out when they fuck up, which deteriorates the living conditions for the other tenants (both subsidized and non subsidized) who are fully in compliance and wastes significant resources over and above a normal eviction trying to evict the problem tenant.
Happy to. What area of business would you like me to focus on. HR? Tax? Permitting? Environmental? Pick and I'll give you some.
Here is a quick one from just yesterday concerning some apartment complexes I'm involved with. Obviously we have to comply with non-discrimination fair housing laws, which itself is fine. But the second layer is that to comply, we often have to accept government rent subsidies (even though we have a wait list of non-subsidized renters trying to get in, we can't prioritize them because of fair housing, so we have to take the rent subsidies). The move-in packet for a non-subsidized renter is 12 pages; the move-in packet for a subsidized renter is 77 pages. Why the difference? Because it is basically 65 pages of additional regulations required to get the subsidy (which we don't want in the first place) making it harder for us to evict a subsidized renter than a non-subsidized renter if they don't pay their portion of the rent or if they commit a crime. So we're forced to take the subsidized renter, and then hamstrung by the regulations preventing us from kicking them out when they fuck up, which deteriorates the living conditions for the other tenants (both subsidized and non subsidized) who are fully in compliance and wastes significant resources over and above a normal eviction trying to evict the problem tenant.
Happy to. What area of business would you like me to focus on. HR? Tax? Permitting? Environmental? Pick and I'll give you some.
Here is a quick one from just yesterday concerning some apartment complexes I'm involved with. Obviously we have to comply with non-discrimination fair housing laws, which itself is fine. But the second layer is that to comply, we often have to accept government rent subsidies (even though we have a wait list of non-subsidized renters trying to get in, we can't prioritize them because of fair housing, so we have to take the rent subsidies). The move-in packet for a non-subsidized renter is 12 pages; the move-in packet for a subsidized renter is 77 pages. Why the difference? Because it is basically 65 pages of additional regulations required to get the subsidy (which we don't want in the first place) making it harder for us to evict a subsidized renter than a non-subsidized renter if they don't pay their portion of the rent or if they commit a crime. So we're forced to take the subsidized renter, and then hamstrung by the regulations preventing us from kicking them out when they fuck up, which deteriorates the living conditions for the other tenants (both subsidized and non subsidized) who are fully in compliance and wastes significant resources over and above a normal eviction trying to evict the problem tenant.
Happy to. What area of business would you like me to focus on. HR? Tax? Permitting? Environmental? Pick and I'll give you some.
Here is a quick one from just yesterday concerning some apartment complexes I'm involved with. Obviously we have to comply with non-discrimination fair housing laws, which itself is fine. But the second layer is that to comply, we often have to accept government rent subsidies (even though we have a wait list of non-subsidized renters trying to get in, we can't prioritize them because of fair housing, so we have to take the rent subsidies). The move-in packet for a non-subsidized renter is 12 pages; the move-in packet for a subsidized renter is 77 pages. Why the difference? Because it is basically 65 pages of additional regulations required to get the subsidy (which we don't want in the first place) making it harder for us to evict a subsidized renter than a non-subsidized renter if they don't pay their portion of the rent or if they commit a crime. So we're forced to take the subsidized renter, and then hamstrung by the regulations preventing us from kicking them out when they fuck up, which deteriorates the living conditions for the other tenants (both subsidized and non subsidized) who are fully in compliance and wastes significant resources over and above a normal eviction trying to evict the problem tenant.
I don't understand entering into a business space that you find unfavorable and then railing on the unfaborable aspects. Just find a different space to work and turn your profit. We own a food store and the local regs around fire, sanitation, zoning, electrical, etc were a huge part of the work and were costly and time-consuming. But we knew that going in and still chose that business environment. :noidea:
I don't understand entering into a business space that you find unfavorable and then railing on the unfaborable aspects. Just find a different space to work and turn your profit. We own a food store and the local regs around fire, sanitation, zoning, electrical, etc were a huge part of the work and were costly and time-consuming. But we knew that going in and still chose that business environment. :noidea:
Is everyone else held to the same standards? Are you receiving tax credits as an incentive for taking subsidized renters? Honest questions.
How are you hamstrung, 2&2?
Obviously if you are taking tax credits then yeah, everyone knows the rules. I'm talking about market rent properties in areas with low demographics of certain races. Say there are very few hispanics in a certain area, and those few that are there have low incomes. The market rent property has to take the few who apply, or else get dinged for discrimination. So if those few who apply are all on subsidized rent, then the property is forced by the anti-discrimination framework to take the subsidized rent.
Is everyone else held to the same standards? Are you receiving tax credits as an incentive for taking subsidized renters? Honest questions.
Still, you must be making an acceptable profit in accordance with your business plan, or you would pack up and invest your money and time somewhere else. Invisible hands and whatnot.