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All Forum Posts by: Adam Martin

Adam Martin has started 7 posts and replied 1376 times.

Post: Applicant refuses to give out SSN before signing Lease

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536
Quote from @Bob Stevens:
Quote from @Cindy B.:

We already have a BG check from Zillow, just wanted SSN on file to protect ourselves 


 HOW do you run a BG check without a SS # ?

Zillow and Rentprep are the ones I have used but I'm sure most of them are this way.  The tenant fills out their information online including their SSN for the company to run the check however as a landlord you do not get the SSN from the screening company just the background check.  I don't have the SSN from any of my tenants due to this but I do have a copy of their Drivers License number which I feel is good enough.  I'm curious though from someone who has experience needing to collect is the SSN more helpful than the Drivers License number.  From my understanding if you do have their SSN there are extra safeguards you need to keep them safe but I barely looked into it.  

Post: Rats and skunk in vacant property

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

I've caught plenty of raccoons and 2nd the marshmallow baited trap.  Keep in mind though that it is illegal in most locations to relocate a wild animal to avoid the spread of disease so I usually just shoot them in the trap.  For a skunk I'd probably try a conibear bucket trap also baited with marshmallows to avoid the risk of getting sprayed.  The biggest benefit to marshmallows is that you aren't going to attract family pets.  After I got the skunks which should be fairly quick I'd lay some rat traps out to get as many as I could followed by baiting.  Be careful with your baits though as you don't want your future tenants family pet to get into them.  I know some of you will see this as harsh killing them but that is the law here in KY at least and I'd assume most places as well.

Post: Would you rent to a bank robber?

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

I am not very lenient when it comes to screening for criminal pasts, there are just too many good renters out there.  I'll look past speeding tickets or a DUI, maybe possession if it was just weed but I have my hard no's.  No drug distribution, no evictions, no sex offenders, and possibly the most important to me is no violent crime.  I don't care if he had a gun or not that was probably one of the worst experiences for that teller they could have while on the job.  How comfortable are you going to be letting them know the rent is late or they have lease violations knowing in the past at least they had no issue threatening someone's life. I feel like this sentence should have been far closer to 40 years vs. 4.  Unless you are in a warzone where you need to lay down cover fire and he will fit right in I'd keep looking.  

Post: Tenant wants me to fill out W-9

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

Is your tenant an individual or a company.  Not a chance for an individual but I have before when I rented to an insurance relocation company.  They told me up front that I would have to and made sense to me.  It was a legit company so I felt fine with it however I would not be handing that information over to an individual.  

Post: Maintaining your standards

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

The same way I would in a tight market.  My standards were selected for a reason and while vacancy costs are a pain they are nowhere near as bad as selecting the wrong tenant and also not getting paid while having to pay more money to get them gone.  If you ever feel the need to waiver one of your criteria once ask yourself if this can be the new norm.  If it can there is your answer but if not stick to it.  I have had a relatively easy time with tenants but I feel a large part is how selective I am on the front end makes the back end easier.  

Post: Which trade job is most beneficial to real estate?

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

I’d say HVAC hands down.  It is one of the costlier repairs that is not too infrequent so you get a lot of bang for your buck.  It is also a good paying job that is in demand and not enough people getting into the field.  Nothing gets a tenant fired up like no heat or ac and they want it fixed now however there is frequently a wait if you don’t want o pay a huge premium.  You will see a lot of posts on various topics about people wanting to devote all their time to finding the next deal but this really is a game where you need to have money to make money and this is a good solid start.  If that doesn’t interest you I’d say a close second would be a painter those guys charge crazy rates and I paint frequently but do it myself.   it is too costly to pay for and I enjoy doing it.  

Post: Working with Tenant to Pay Rent

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

This would worry me and I’d remind them that I have to make my payment and rent is due.  What this tenant has told you is they live paycheck to paycheck and have no reserves.  Even if they find a job but it takes a while how are they going to be able to afford back rent plus current.  Also if they are getting laid off they should be getting unemployment so it is not like their pay is going to stop.  If the tenant has a 401k they can usually pull funds when they are no longer employed so this is an avenue you may suggest.  If none of these thing s work I’d offer to let them out of their lease penalty free but I can’t let them dig a hole they may not climb out of.  Hopefully with the current job market these are just hypothetical though and depending on their field should be able to find something soon. It is a good sign that they are proactive but I would want them to know rent comes first and there is not going to be leeway, this may motivate them to look harder and not be as picky on an offer.  

Post: Zillow Posting Issue

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

I’ve had this before and as others have said it pulls from the mls and if it is listed for sale it can’t also be for rent.  I’m assuming this is to make it harder to try to rent out vacant houses listed for sale but who knows.  Just tell your realtor to have them take it down and the problem will work itself out.  In the future I make sure the listing agent knows I intend to list same day as close and they need to deactivate asap.  Usually them waiting a couple days doesn’t matter as there is no rush but when I ask and explain they are all happy to help.  

Post: Hard time getting my property rented (19 days on the market)

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

The pictures make the house look empty but I see that it is not available until the 29th.  Just curious why it isn't ready now and wanted to make sure the place is empty and you are allowing showings.  If not this is going to affect your pool.  Also with Zillow once a tenant pays for an application they can use it an unlimited number of times for 30 days so a lot of lower quality applicants are just going to apply to basically anything hoping for something.  There is no financial reason for them not to and you are getting other landlords rejects, part of the business when you use Zillow's applications.  A few weeks vacancy is frustrating but not nearly as bad as rushing it and selecting the wrong tenant.  Stay patient but this is par for the course for this time of year.  

Post: What color cabinets are the safest to go with in a rental property?

Adam MartinPosted
  • Rental Property Investor
  • Posts 1,386
  • Votes 1,536

Touching up paint is rarely as easy as painting over a spot and having it match.  It is not the color that fades as much as the sheen which is what you notice.  I know painted cabinets are the trend but I go with natural wood stain.  It still looks good and is more resistant where you don’t notice scratches as much.  Give it 10-15 years and you’ll be reading threads on if it makes sense to sand and refinish or just replace all these old painted cabinets.