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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 42 times.

Post: Scammed!!! Help?

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27
Yeah I definitely make a photo ID a requirement for application. She probably used a stolen SSN for the credit check. It amazes me the lengths people will go through to scam.

Post: FROM PROBLEM TO BLESSING: $300/month rent increase 5 days vacant

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

Rock on, @Roger Vi! Love hearing success stories.

Post: Who has the best tenants ever? Great tenants DO EXIST

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

@Sarah Larbi I'm working from my phone and can't upload a sample but it's a customized version of something I found on Mr Landlord. http://www.mrlandlord.com/html/good.html

Post: Who has the best tenants ever? Great tenants DO EXIST

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

I have a requirements and qualifications document that I share with all applicants. I don't really care about credit scores but I do care that there are no prior evictions and that there is a history of on-time housing payments. I run a credit check through SmartMove and have the applicants pay the $35 fee directly to the vendor. All tenants receive a bound handbook, "day 1" gift basket (with plastic ware, paper plates, etc.) and $15 pizza gift card upon move in. We check the property with monthly drive-by's and quarterly on-site maintenance visits. We also send a "well-being check" text after any inclement weather. After 6 months of tenancy, we mail a "report card" that shows their favorable payment history...and hopefully encourages continued good pay. Basically, we treat them the way we would want to be treated...but screen heavily in the beginning to minimize the likelihood of having a bad tenant. Nothing is absolute, but setting clear expectations and being firm when enforcing rules takes care of a lot of issues before they become long-term problems.

Post: Who has the best tenants ever? Great tenants DO EXIST

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

I have really great tenants and raise the rent after 3 years or when the property turns over, whichever comes first.

Post: Tenant applicant - Chapter 7 discharged 6 months ago

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

I say no to bankruptcies within the last 10 years. I have seen quite a few applications where people have filed more than once and sometimes that included past due rent. I say pass on this one.

Post: Rude prospective tenant tour today

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27
Ditto Sylvia's response. Money doesn't equal better class. I have great tenants that always pay early and take care of the place pretty well. They have so-so credit and are blue-collar workers. I wouldn't trade them for anything.

Post: Difficulty selling rental properties at loan amount

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

Thank you!

Post: Difficulty selling rental properties at loan amount

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27

The thread is quite long and I didn't see specific addresses, only areas, zip codes and street names. I am local to Memphis and looking for a certain type of property, this I was trying but to determine if yours fit my niche market. Thanks anyway.

Post: Difficulty selling rental properties at loan amount

Account ClosedPosted
  • Memphis, TN
  • Posts 43
  • Votes 27
I maybe interested. Can you pm me the addresses?