(03-08-2024, 09:13 PM)Sneakers Wrote:

(03-06-2024, 03:39 PM)mikesez Wrote: Why do you assume a bank is involved?
Fine, add the bank into the model.
Are they paying those delinquent taxes out of the goodness of their hearts?
If the landlord has a mortgage, maybe he isn't a landlord? Maybe the bank is the landlord.
Regardless, neither is paying the property tax out of their funds.
They are paying it out of the funds from the tenant.
The tenant pays the property tax along with every other predictable expense that is known at the time of the rental agreement, plus the landlords profit, plus the banker's interest.  The tenant pays all or else the property would not be built and offered for rent.

A landlord might not be a landlord if he has a mortgage?  LOL.  Do you know ANYTHING about mortgages and lending?  This is one of your dumbest posts ever, and that's not an easy club to break into.

What do you think happens when a property is vacant and there are no incoming tenant funds?  How do the taxes get paid? 

PS  A tax assessor will NEVER take possession of property for delinquent taxes.  That's the job of the tax COLLECTOR.  I assumed (incorrectly, apparently) that their respective job titles made that obvious.

Study some economics.
You are using "landlord" in a very specific sense, the entity that a resident tenant pays rent to.

In economics, "landlord" or "rentier" is anyone who expects payment from their investments, anyone who extracts wealth without working.

Instead of trying to challenge me on vocabulary and definitions, explain why these differences in vocab are important to my point.  

My point is, "the tenant pays everything, including property tax." The only thing you said that actually speaks to this point is "what happens when the property is vacant?" 

Fair question.  Simple answer.  When the property is vacant there is no tenant.  So that has nothing to do with my point.  

When there is a tenant, the tenant pays everything, including property tax.

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