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All Forum Posts by: EJ K.

EJ K. has started 20 posts and replied 96 times.

Post: Renter qualifications not all there

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78
Originally posted by @Bjorn Ahlblad:

You are right to be second guessing.........Is the 240 real? Where did it come from? How long has it been there? Part time teacher is zero.

It’s a taxable account she provided us. Already cut in half

Post: Renter qualifications not all there

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

Hello,

A divorcee stay at home mom of 3 wants to rent my unit in IL. Divorce is not yet finalized.

She is a part time teacher and does not have the needed income

credit score 740.

She has 240,000 in bank. Willing to pay 3 months up front. Will be custodial parent (at least she says) so will be expecting alimony/child suppport.


do I have a right inclination to be second guessing this?


I could just ask for a co-signer too maybe.


rent is only 2100 so not like it would eat up a savings very fast. 

Post: My tenant might be a prostitute

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

Get out the cane and top hat? Skim from the top of her earnings for protection... I mean shelter

Post: My tenant might be a prostitute

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78
Originally posted by @Andrew Carlson:

The tenants ‘boyfriend’ leaves the property and oddly enough, another male shows up for a short amount of time. This happens regularly, according to the on-site care taker of the property.

There’s either drug dealing, prostitution or a combo of both going on.

She is on a month to month lease.

Is it ethical/legal to kick someone out for suspicion of such activities??

This sounds like the beginning of a porno. Landlord has suspicion. Confronts his tenant. She “works out” a deal.

Post: Do you avoid HOA properties?

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

I haven't cared on rentals. Never will I ever buy a personal home on a HOA property ever again.

Post: HOA overreaching on landscaping

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

Hello,

We’re relatively new to a neighborhood and have made our house look like one of the best on the block with the combination of shrubs, annuals and perennials. I get this is subjective but it’s pretty much an objective statement...

we finally wanted to do a larger job with a berm and 4 7 foot evergreens... they rejected it and said too big... ok so we downsized to even higher end spruces...


their response was that we can only plant things in the front that are in the declarations...


their declaration states that that list is the list approved for 5 feet within a side walk or in the parkway so not applicable. 

The kicker is that plenty of people have trees that aren’t on that list in the front. Is their selection bias enforceable.

backstory is our annual income is way above the average in the neighborhood and there is no way anything we would do would drop the value. We’re physicians and this is a blue collar neighborhood... maybe there is jealousy? I don’t know. I just want to know what I can do next.


I threw at them already that I want 2-300 k landscaping with a pool in the back and their eyes lit up... I’m probably going to just buy unincorporated and move at this point, it’s offensive to ask to plant anything when our house is already top end 

Post: HOA overreaching on landscaping

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

Hello,

We’re relatively new to a neighborhood and have made our house look like one of the best on the block with the combination of shrubs, annuals and perennials. I get this is subjective but it’s pretty much an objective statement...

we finally wanted to do a larger job with a berm and 4 7 foot evergreens... they rejected it and said too big... ok so we downsized to even higher end spruces...


their response was that we can only plant things in the front that are in the declarations...


their declaration states that that list is the list approved for 5 feet within a side walk or in the parkway so not applicable. 

The kicker is that plenty of people have trees that aren’t on that list in the front. Is their selection bias enforceable.

backstory is our annual income is way above the average in the neighborhood and there is no way anything we would do would drop the value. We’re physicians and this is a blue collar neighborhood... maybe there is jealousy? I don’t know. I just want to know what I can do next.


I threw at them already that I want 2-300 k landscaping with a pool in the back and their eyes lit up... I’m probably going to just buy unincorporated and move at this point, it’s offensive to ask to plant anything when 

Post: Moving to Indiana soon

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

Hi @Shane Miller I ended up choosing to commute from Saint John down there. 

We wanted to keep our nanny, non-compete for doctors sucks (if I lived there I would be in Lafayette and driving out 30-50 miles if I left my job), and we wanted to be close to Chicago still. 

Where did you end up down there? The market is on fire.

Post: Screening Tenants: Gross vs Net Income?

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

My thought is the need to be 3 x higher than rent decreases the more money you make.

Example would be in my situation my take home is less than 3 x mortgage when you include retirement maxing and other deductions.... however keeping 65 percent of

Post: Can’t evict, so sue?

EJ K.Posted
  • Quad cities iowa
  • Posts 104
  • Votes 78

I’m not in this situation yet but have a rental where both are on the lease and they broke up. They have been late 15-20 days multiple months in a row but paying. My question is more general and just looking for information. Why don’t we all just start taking people to small claims court? Wouldn’t we win that? Garnish wages? Especially, if it’s in situations like I’m seeing on here where people are just “choosing” not to pay?