La La Land (Whose Skids Are These?)
So I've been trying to get a good tenant for 6 months now on this one three bedroom unit that is completely remodeled. I've had three good prospects back out at the last minute for various, what seems like, frivolous excuses.
Just met with a young couple the other day just shy of 30 with two kids under four. She's a SAHM who is apparently in college part-time possibly online. He's a Salesman and has switched jobs several times over the past few months and is actually gone to jobs that are paying him less. They are heavily relying on his commission which is not steady and they spend quite a bit on things like doordash, tiktok, the local donut franchise, etc with an over $400 a month car payment. My apartment is much bigger than their current one and would be $250 more a month.
I also noticed that they were late for their June rent in the place they are in now and his credit score is in the 400s! Hers is not much better! Seems to me there are a lot of people looking for an apartment that are completely out of touch with reality! They also have three cats which I set a maximum of two animals per unit in multi-families. They were planning on using her financial aid for a security deposit which to me seems quite scary and reckless. I also noticed they barely kept an eye on the 3-year-old who was yanking on the pocket doors.
The expression "champagne tastes on a beer budget" springs to mind. Just yikes!
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Yikes, TT!
Yikes, TT!
I would not want to be a landlord in today's society; it seems to me that the law favours tenants to the degree that rent can be unpaid for months, before the property owner manages to have the occupant evicted. This injustice was particularly evident during the Covid epidemic, when an eviction ban was in place. The ‘mom and pop’ landlords (who make up 50% of the housing supply in the U.S.A.) were unable to collect rents from tenants who refused to either pay up or vamoose.
TT, it’s far wiser to leave an apartment vacant for a few months than accept a tenant with a poor credit history/ documentation of late/unpaid rent. Also, poorly parented, destructive children and too many pets (three cats!) are certain to do a lot of damage. I’m recalling, here, NoWireHangers' debacle when she generously opened her home to a feckless, thankless woman with children and a dog. What a horror story!
I hope that you manage to find a suitable tenant before much longer but you’re going at it the right way; You didn’t just fall off the turnip truck yesterday.
Yep
The state (NY) government wants to make it illegal to screen tenants whatsover.
Better an empty hole than an A hole!
Yikes!
The government would prefer to have the landlord take the financial hit rather than handing out welfare benefits to homeless families.
Nope. Next applicant.
Nope. Next applicant.
Bad credit... online college.
Bad credit... online college... DoorDash... high car payment....late on bills... using financial aid to stay afloat....
*Raises hand* I think it's my SD. But where did the two little kids come from? Shudder.
"NO" is a complete sentence.
"NO" is a complete sentence. *ROFL*
I couldn't resist!
LOL @ "Whose skids are these?
LOL @ "Whose skids are these?"
We rented out a property of ours years ago. What a fiasco that was when it came to applicants and, in one case, a renter who was horrific--sad thing was he was in his 50s, retired from the Navy, and was an engineer. . . our property needed deep, deep cleaning after he left. Somehow, there was dog poo splattered on the walls! He was probably someone's 50-something SS. LOL! (Hello...hello? Anyone recognize this guy?)
Finally, we got the best couple in the world as renters. Initially, we weren't going to take pets (after the retired Navy disaster), but we caved, and we were so glad we did. We were so sad when that couple bought a house--but we were also very happy for them.
Good luck!
There’s is no way these people can afford this appointment.
One mis step, car accident...there goes... doordash..., tiktok,...and the local donut shops. And late or no rent Next person saying nothing about having 4 kids you can not afford, child care would make the BM Working out of three question.
'The bigger question. Is being 30 not having a job or career, but having 4 kidd just shows a dysfunctional life .
'Do you pull a credit report ?
Oh yeah
I screen to the max They have to pass a 50 question automated prequal before they get a tour or an actual application. Don't want to waste my time or theirs.
I made the mistake of not insisting that her hubby fill out the prequal too otherwise they never would have gotten a tour. Everything is automated using Google forms.
My application requires uploads of credit score, bank statements, paystubs, rent and utility receipts BEFORE I even get to the part of landlord references, job verification, background check and credit report. I have special applications/forms for animals (pets) and ESA as well as written policy for both 2 and 4 legged residents.
The hubby uploaded his abysmal credit score and the paystubs and yeah, no. I also have a 2 min in home visit where I see if they can care for a home or not IF they pass everything else. BTW, all these screening techniques will soon be BANNED by NY.
smh
smh
Governments have no business interfering in business. I get housing laws and all, but... making screening and tenant qualification illegal in order to facilitate sleeze balls moving into rental properties is just idiocy at a monumental level.
Want to qualify for a rental? Don't be a sleeze ball.
KISS.
From what i've read it's so
From what i've read it's so hard to evict people for non-payment that the only way to be even close to sure you get paid is to require high credit scores. In that way, the laws "protecting" tenants are keeping them from being given a chance at most places. I don't blame you for requiring a high score in this climate.
The same ones that are
The same ones that are posting online that "the american dream is dead.. owning a home is impossible".
Yeah.. impossible for people like you.
there are 5 kids 30 or under in my husband's extended family. Each and every one of them own their own homes.. and a couple bought theirs in the last 2 years. they didn't get help from family (unless you count helping to move stuff.. haha).
When we went overseas for
When we went overseas for 8yrs we first listed our home for sale. In a year we got 7 showings and no offers. So we relisted it for sale or lease. It was leased within 2days. Those tenants lived in our home for 7 years. When we decided to sell it we called then to enquire if they wanted to purchase it. Nope, they were about to call us to give us their 60day notice.
When they moved out you could not tell anyone had ever lived there at all. Other than there was not a single working lightbulb in the whole house.
They were great renters.
We were lucky.