SlumLords

Discussion in 'Investor Psychology & Mindset' started by Darlinghurst Boy, 4th Aug, 2015.

Join Australia's most dynamic and respected property investment community
Page 1 of 2
  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    858
    Location:
    Darlinghurst Sydney
    what is your definition of a "Slum lord " .
    Americans use this term for buildings in the slum type areas that are rented out to liw income earners some without even electrcity !!

    Reminds me of some Regional areas .
    I remember when I held a villa in Wagga Wagga the tenant requested that steel bars be put on the front window which I denied,later it occurred to me that he would be dealing through that window.
    This was in a low income part of Wagga Wagga.with old cars parked in front of the villa .
     
    Darlinghurst Boy, 4th Aug, 2015
    #1
    Tekoz likes this.
  2. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    :rolleyes:
     
    Biz, 4th Aug, 2015
    #2
    sanj likes this.
  3. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,605
    Location:
    Australia
    What my tenants may think
    [​IMG]

    What I think
    [​IMG]
     
    Chilliblue, 4th Aug, 2015
    #3
    Sackie, Touristy, miked and 1 other person like this.
  4. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    Lord of the slum.
     
    Pistonbroke, 4th Aug, 2015
    #4
  5. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    One does not simply walk into Elizabeth
     
    D.T., 4th Aug, 2015
    #5
    Simon Hampel likes this.
  6. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,834
    Location:
    Perth, WA
    Cars and a security screen = a drug dealer? Good to know.
     
    thatbum, 4th Aug, 2015
    #6
    Chilliblue, 2FAST4U and 158 like this.
  7. sanj

    sanj Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    3,469
    Location:
    Perth
    I think I speak for everyone in congratulating you on your recent progress, if u keep this up you'll be reaching Star of David heights in no time.

    That was more of an explosive start but sometimes slow burns like your current effort lead to better results in the long term.
     
    sanj, 4th Aug, 2015
    #7
    neK, Tekoz, jins13 and 3 others like this.
  8. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,004
    Location:
    Brisbane
    To me, a slumlord is a landlord who rents out a place that is dirty, unkempt and who doesn't fix things. The tenants will generally match the house.
     
    wylie, 4th Aug, 2015
    #8
  9. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,794
    Location:
    ....UKI nth nsw ....
    At least this is better then talking about holes in toilet cubicles drilled in the walls as young people also read within sites like this ,there are no slum lords in this country and if there was they would be on those crying game 6.30 tv shows that ruins peoples family time each night..
     
    willair, 4th Aug, 2015
    #9
  10. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    2,066
    Location:
    Bali
     
    Blacky, 4th Aug, 2015
    #10
  11. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    There was a Starofdavid on SS before the migration. Where is he now? He was very keen in Lake munmorrah.
     
    larrylarry, 4th Aug, 2015
    #11
  12. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,794
    Location:
    ....UKI nth nsw ....
    Blackly I don't watch the TV,and every time I have talked to "DT" in the chat room as I have a few times he does not seem to be a slum lord just a normal person trying to have a better life through investing and the bumps that come with that road,i don't even know what business model he runs..
     
    willair, 4th Aug, 2015
    #12
  13. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    2,066
    Location:
    Bali
    D.T used to have a 'tag' on the SS forum that he was a slumlord. Hence the joke ;)
     
    Blacky, 4th Aug, 2015
    #13
  14. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,961
    Location:
    there's more to life than working
    unnamed.jpg
     
    mrdobalina, 4th Aug, 2015
    #14
    Touristy, ellejay, D.T. and 1 other person like this.
  15. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,521
    Location:
    Sydney
    Well over half my rent is paid by Centrelink and one of my "houses" doesn't have an internal toilet. Do I qualify?
     
    spludgey, 4th Aug, 2015
    #15
    charttv, Darren A, WattleIdo and 1 other person like this.
  16. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    Ohhhhh! We dream of an outdoor privy. We used to share the one in the local park with the rest of the neighbourhood.

    A quick dunk in the Yangtze and we'd be squeeky clean.
     
    Pistonbroke, 4th Aug, 2015
    #16
    Ardi likes this.
  17. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    Yep, you qualify.
     
    HUGH72, 4th Aug, 2015
    #17
  18. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    My personal properties are all in lower socio econ areas in WA / SA which sometimes warrants the title for some.
     
    D.T., 4th Aug, 2015
    #18
  19. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    2,304
    Location:
    Democratic People's Republic of Australia
    [​IMG]
     
    2FAST4U, 4th Aug, 2015
    #19
    Touristy, Darren A and sanj like this.
  20. Hanison

    Hanison Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    249
    Location:
    Brisbane


    This is who I think of every time I hear the word slumlord.

    Interesting guy.
     
    Hanison, 5th Aug, 2015
    #20
    Touristy likes this.
Page 1 of 2
Buy Property Interstate WITHOUT Buyers Agents!

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia