All Forum Posts by: Ryan A.

old post but....

nice to peer into the thoughts of your classic "not-my-problem" tenant.

I am not surprised by the ignorance. It sounds like she just wanted support for her opinion.

Josh - are you being serious?

I get the sense either you are making a farce or you are one of those hard-up apple product lovers.

Yes it's innovative (like an oversised ipod touch) I guess... But how is this much different than a netbook or a tablet when it comes to business as usual?

In fact that technology is seldom used until I'm back at homebase entering financials or doing a repair estimate on a spreadsheet or using formulas for expenses and such.

Now I'm not saying wireless can't come in handy - A smartphone/iPhone is a lifesaver these days with our dependance on email.

What was your angle? Benefit of size?

Ralph - thanks for the reality check, you are right.
I did go over the RI Tenant Landlord Handbook again and the specifics do allow the security to be applied toward unpaid rent.

My intention was to make it clear to the tenant I will not accept the security as a replacement for their payment of current rent.

I guess I'm just out of luck there if the law allows it.

Guys - Please read this and see if it sounds like what I think it sounds like:

I found this on the HUD site.
http://nhl.gov/offices/hsg/ramh/safe/smlicact.cfm

Do you think you would have to bear the burden of proving residency or if the wording was just loose?

If not I would say we are in the clear. I've checked with 2 attys in my locale and they both say we are fine because the definition of originator does not apply in the private sector.

I am bumping this in hopes that an seller finance/LTO/option guru can comment.

How well can deals be done with these restrictions?

Is it possible we can do these deals and call in an originator to seal the deal? I am drawing blanks as to how this will play out and I am scared as to the consequences on my business.

Definately a comprehensive list here.

Use a good application
Personally verify employers, previous LL
Run credit & background check (they pay)
Use your *BETTER JUDGEMENT*

Don't be blind to the telltale signs of trouble tenants. Difficult to get ahold of, late or no-show, suspicious behavior, trashy looks, trashy car (interior), eager to move in today, throwing money in your face, absurd requests (i want to put my camper in the front yard).

You get the drift. I put in serious effort for my first rentals. My very first tenant was prompt & to the point, she asked all the right questions and was courteous & non-intrusive. The only reason I know she is still living there is by the rent check in my mailbox every month. She lives 2 floors up from me.

This is the area you do not want to skimp on.

Yeah. Remember "the owner would like to remain if possible" is a suggestion from somebody who does not have an interest in your business.

Only an idiot would bite on that one.

Don't take the bait. There are MANY qualified tenants ready to lease your quality rentals. Or just make her another interested prospective tenant. Remember you need to follow your tenant screening process.

Hmm. The 4 yr old answered the door and mommy says you barged in?

So what adult did you speak to when you visited? If there was no adult you should have called the police / DCYF immediately.

I'm with MikeOH. When it comes to people with no integrity, they always have an excuse and an accusation without ever admitting faults of their own. Their goal in life is to make everyone else feel the need to explain things that need no explaination so as to hide their dispicable behavior.

Document these happenings & call the caseworker to cover your ***. Then suck it up until she's outta there.

Sounds like you rent to neanderthals.
Why do you suspect it is so easy for them to mistreat their carpets?

Low income does not have to mean filthy pigs, does it? Is this section 8?

-Maybe it is what I am accustomed to but I haven't seen rentals with exposed subfloors even in my low-income neighborhoods ($500/mo).

My solution is to always make sure my security is LESS than a months rent for the same reasons as above.