All Forum Posts by: Colton S.

I have an FHA loan on my primary residence. They do not check on you to make sure you're living there, but I assume if someone came across a rental listing for that address, or a for rent sign then it could trigger them to check. Keep in mind, if you are not living there during that period they can and will pull the loan. For our house, we were doing some remodeling before we moved in, and I talked to the bank and they did not object to purchasing the house and waiting 2-4 months before we declared it our primary residence.

@Michael Johnson This might help you, this is related to what Donald Trump said about "Maximize your options".

"Maximize your options."

It's necessary to be flexible, he says.

"I never get too attached to one deal or one approach," Trump writes. "For starters, I keep a lot of balls in the air, because most deals fall out, no matter how promising they seem at first. In addition, once I've made a deal, I always come up with at least a half dozen approaches to making it work, because anything can happen, even to the best-laid plans."

Also, feel free to read the rest on this website. He talks a lot about knowing your market, using your leverage and more.

I agree with @Jeff Copeland. It seems everyone is a little different, but the standard consensus is that you include appliances and make the tenant responsible for any damages to those, as you should specify in your lease.

That way, if anything happens while they're in it that their fault, they pay for it. Standard maintenance is generally your responsibility.

@Eddie Memphis Bad advice, but hilarious none the less. I would have to imagine what someone would think driving by and seeing that sign there.

Okay, so it sounds like the parents might be reasonable people. Just the lower unit is a bit more irresponsible. Explain the consequences to both of them and make sure you address that he CANNOT live there period.

That is a bit of a sticky situation that you are in. I would still refuse to let the boyfriend/husband into the house because he does not meet the qualifications that you have.

This might not be ideal, I would give the parents space but make sure you can inspect the property at your own leisure with a notice. This way you can legally watch them, to ensure no additional occupants come into the home and so it doesn't get trashed.

Talk to the tenants like they're adults, let's hope they react that way, and see if you can find a win-win.

Did the parents decide to move in early as well?

Originally posted by @Jack B.:

Originally posted by @Colton S.:

Being young myself, I ALWAYS get looked over and people talk to me as if I know absolutely nothing. We renovated our entire house and I was the "acting" general contractor for everything. People would go to lengths to elaborate on such basic things, or ask to speak to my parents about it so they could better explain it.

Generally people assume I have no money, so they don't want to work for me.

 I feel you. I'm young. Paid cash for my first house in my mid twenties. No hand outs, stood on my own two feet. Was blessed with intelligence to get into a high paying IT position. Half my tenants think they can walk over me because they are twice my age. It doesn't help that since I work in IT, I wear tennis shoes and jeans. I'm an old shoe, old hat kind of guy. Tenants constantly test my boundaries. 

 That's unfortunately how it is when people view the younger generations as irresponsible. I wish I could say I purchased my house cash. I ended up getting a loan for it, and you best believe the banks didn't even believe I wanted buy a house, let alone the fact I could afford a house + down payment. I was bewildered when they would just say, "come back in a few years when you make enough". After a few months, I finally found one who actually took a second look at me..

Originally posted by @Michael Otis:

Originally posted by @Christopher Brainard:

If you have a signed lease, you're going to find it difficult to up the rent or security deposit. It sounds like your tenants know more about how to work the system than you do :) I'm reasonably sure that's why they didn't lead with her felon husbands application. Did you property screen this entire family? I would think during the screening some red flags would come up to reflect the trouble that you are currently experiencing.

As far as the husband goes, that depends on your lease. Mine strictly forbids visitors after x days and allowing someone to live there who isn't on the lease is grounds for eviction. If your lease has similar language, you should definitely follow through. If you give tenants an inch, they will take several miles.

-Christopher

 I did screen everyone that would be living in the property and everything checked out. The woman living in the bottom unit had rave reviews from her employer and previous landlord but nothing about the husband came up since she said he was her boyfriend and said he was living somewhere else. I'm waiting a callback from my attorney on how to proceed and cover myself against litigation.

 Sounds to me like the boyfriend/husband was not part of the original lease, so they cannot move in. period. If they due issue a notice they are in violation of the lease and evict. The only problem you might run into is the parents being in the above unit. Are they tied to the same lease?

The standard is that every person over 18 fills out an application, and the people under 18 are accounted for. I assume at this point the husband did not fill out an application and under go the screening process?

If that's the situation, then he is a visitor and him staying in in violation of the lease, and gives you grounds to evict. I would move quick before you're truly stuck with them.

Also, staying there and moving in early is also in violation of the lease I would assume. So I would push that as well.

My wife home one day when the dry wallers were working and I wasn't home. They actually told her they needed to speak to me so they could explain it to someone who would understand what they were talking about. Needless to say, they called me and I immediately told them that we were going to be looking else where, so they can pack up and go.