All Forum Posts by: Dave Mustaine

This is a hypothetical question based on a decision I will likely need to make.  If you had to chose and approve one of these tenants, which one would it be?

Assume both renters have the same amount of income, assets, liabilities, and same credit score. The renters incomes cannot be garnished,

Renter 1. 100k mortgage with 1k monthly payment includes taxes and insurance,     Stopped paying mortgage for a year and is in forclosure. 100k credit cards pays 1k per month on time.  Pays all non housing bills on time   

Renter 2. 100k mortgage with 1k monthly pmt, which he pays in full on time, 100k credit cards with 1k monthly payment, stopped paying credit cards several months ago. Assume credit card balance is growing only at same rate as mortgage in default on renter 1.  Pays mortgage and all other non credit card bills.  

In sum, assuming all else is equal.  If you had to end to one of them would you rather rent to someone who defaults on their mortgage with forclosure or defaults on their credit cards.  Thx. 

thanks for the replies.  He's also the owner so I think that's why he doesn't have paychecks.   I was asking 675 for one person in my ad.   They would be paying 1025 for both.   I would do a full credit and criminal and eviction report.  I'm glad you brought up the hard to evict thing.   I think with 2 people there is twice as much chance that one or both won't leave at the end.  However, since they are coworker managers  I'm pretty sure they get along and would stick together.     They want me to meet them tomorrow, but it wanted to ask here first decided if I should meet or not.   

My 675 price is a good deal.  I've got about 10 calls and 3 people came here.   I rejected two of the three that came her the other guy never called back.  However,  most of the calls  I disqualify on the phone due to various reasons.   I'm getting a lot of retired guys calling and I don't want someone who's home all the time.   Several unemployed guys called too. I've got about 50 emails.  This is such a pain!

I should have clarified he is only staying four months.   Therefore, I would state the 12/31 end date in the lease.   It was his idea to pay it all up front. Plus the security deposit.  I think it was when I asked for pay stubs that he offered to pay in advance.    I also should have mentioned him and one other guy would stay here.   He would be here 3 nights a week and the other guy 7.  However, they work 12 hours a day., which is good 

He says he's the manager and he has plenty of money.   He lives 2.5 hours away and can't drive back and forth to the job site every day.  They don't work in January because it's too cold.  He inquired about extended stay places like hotels but they charge a lot more than me.   Would you think a bk means he is a bad and/or irresponsible person?

I've been trying to get a roommate to move into my house for over a month with no luck.   A guy called me today and wants to pay up front for four months plus the security deposit.   He said I could let the check clear before he moves in.  His company has a work job here but he lives in the next state over.   He says he is a roofing contract manager.   I asked him if he had any bk, forclosures, or judgments.  He said he had a bk two years ago from a bad divorce.   

He has not paid for the credit or criminal reports yet, but he said no criminal record.  Would you say no because of a bk  two years ago?    I'm sure a lot of bad people have bks.  Most likely not a high quality tenant.  I don't know anything about bk, just know it's bad. However, the money would not be an issue with all the payment up front.  What do you think?  Thanks. 

I decided I'm not going to take him after reading all the posts here.  I also read somewhere that as a general rule,  the better their credit report the better they usually are as a roommate.   I lowered my price today.   Thanks everyone your help is much appreciated!

I finally talked to the prospective roommate.    The civil judgement was from a medical dispute.   He had cancer and racked up like 400k in bills.  He said he had no idea what the. 2012 collections was from.    It turns out he makes 4200 per month , which is more than I thought before.    

I told him I for sure needed first, last, plus security deposit.    My ad said just first plus security so I don't think he expected that.   He got off the phone rather abruptly  and said he was going to check out some other places and get back to me.   Also, his 17k Amex balance on the report  he swears is not his.   He said he has never had an Amex.   But maybe it's his x wife's from many years ago.    The balance was current though. 

I don't think you can post roommate ads on Postlets.  

I don't get any Edit links but I'm on my ipad.    This renting attempt has been so frustrating for 3 weeks.   I've modified my ad countless times, excellent pictures, and it's a great deal.    I've probably received about 25 emails and spent a lot of time responding.   Only 2 of those people called.   At least 5 of them we scams trying to steal my personal info.   

I was suckered by one of the first replies , which was identical to the verbiage in link below but they used another name.  Sent me pictures too.  I wasted about 12 hours  responding and trying to decide if I should take her.   She got my real email and then I suddenly got bombarded with email spam.   

http://reportcraigslistscams.com/xzclf/1/posts/1_R...

 I left him a voicemail about 7 hours ago that I needed to ask him some questions about his  credit report.   I'll try to get the fine details on the judgement and collections  if/when he calls me back.   He paid $33 so you would think he would call me back, but ya never know it's not easy revisiting deep wounds.  

correction:  he was here about 20 minutes.  Why can't we edit posts?