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All Forum Posts by: Gwen Fyfe

Gwen Fyfe has started 11 posts and replied 220 times.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Dave Chapa:

 A person called and asked if we would take someone with a old felony, we said it depends, what was the felony? After this long story it boiled down to kidnapping and assault! We were like: Sorry, we are not available to meet, got to go, I think my mother is calling on the other line! 

This guy is my worst nightmare. I'm very concerned that at some point I'm going to show up for a viewing with a violent criminal or sexual offender and get hurt. (I'm strong as hell, but still a 5'2" woman!) A few of my close friends are encouraging me to start carrying for this reason.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Mindy Jensen:

Can't believe you passed up the chance to learn a new skill. As Charlie Munger says, Always be learning. 

 Ha! I think I just would've been paying my lawyer to learn a new skill.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @JD Martin:
Originally posted by @Natalie Kolodij:
Originally posted by @Gwen Fyfe:
Originally posted by @Aly W.:

A cane corso is an Italian mastiff.  And neither are in any way related to pit bulls/ terriers/ ect.

http://www.akc.org/dog-breeds/cane-corso/

 Correct...but they are still considered aggressive dogs by most insurance companies.

 Which is a shame. They're really not aggressive. They're just huge.

I used to have a Dogue de Bordeaux (French mastiff). Sweetest, laziest animal ever. These big European mastiff breeds are great city dogs, because they're bred to just lay around the front of aristocratic manors looking impressive. If there are intruders or anyone being threatening, they'll let out a couple big booming barks and then sit on the person, waiting for your groundskeeper to come running! :D

Exactly!!! I own bull mastiffs :) They're just bred to be protective, but not aggressive. They're just giant. 

The last time I was a renter I invited the potential new landlord to come visit my current home I rented and meet my dog and he was like....does he just...lay there...? "yup...pretty much". Like yaaaa...he's basically too lazy to destroy anything except a hamburger.

 One time I had a customer come in with a small dog that looked exactly like a husky or an Akita. I said "Oh, you have a miniature Husky" and I think she got completely insulted. She told me it was a Japanese some kind of dog, which if you look it up looks exactly like a husky or an Akita, and being that they're all from that same part of the world they have to be related.

Anyway, I digress. I have no idea why I thought of that, other than the fact that you were mentioning mastiffs and the other poster was clarifying what kind of dog they were :)

 Shiba Inu. :)

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Natalie Kolodij:
Originally posted by @Gwen Fyfe:
Originally posted by @Aly W.:

A cane corso is an Italian mastiff.  And neither are in any way related to pit bulls/ terriers/ ect.

http://www.akc.org/dog-breeds/cane-corso/

 Correct...but they are still considered aggressive dogs by most insurance companies.

 Which is a shame. They're really not aggressive. They're just huge.

I used to have a Dogue de Bordeaux (French mastiff). Sweetest, laziest animal ever. These big European mastiff breeds are great city dogs, because they're bred to just lay around the front of aristocratic manors looking impressive. If there are intruders or anyone being threatening, they'll let out a couple big booming barks and then sit on the person, waiting for your groundskeeper to come running! :D

Exactly!!! I own bull mastiffs :) They're just bred to be protective, but not aggressive. They're just giant. 

The last time I was a renter I invited the potential new landlord to come visit my current home I rented and meet my dog and he was like....does he just...lay there...? "yup...pretty much". Like yaaaa...he's basically too lazy to destroy anything except a hamburger.

 Ha! Yeah, a neighbor who lived about a quarter mile away from me when I had Bartlett had a pair of bull mastiffs. We would meet in the middle on our morning walks, that was as far as any of our dogs wanted to go at one time.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Aly W.:

A cane corso is an Italian mastiff.  And neither are in any way related to pit bulls/ terriers/ ect.

http://www.akc.org/dog-breeds/cane-corso/

 Correct...but they are still considered aggressive dogs by most insurance companies.

 Which is a shame. They're really not aggressive. They're just huge.

I used to have a Dogue de Bordeaux (French mastiff). Sweetest, laziest animal ever. These big European mastiff breeds are great city dogs, because they're bred to just lay around the front of aristocratic manors looking impressive. If there are intruders or anyone being threatening, they'll let out a couple big booming barks and then sit on the person, waiting for your groundskeeper to come running! :D

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

I've had a lot of turnover in the last few months while I brought a couple new properties on line.

3 bedroom townhouse in a trendy neighborhood being offered for $900, a little below market: 

1. "I can only pay $700 a month and am moving in July. Hold it for me okay" (this was April)

2. "I thought I'd be buying a house so I didn't renew my lease. But it turns out I have bad credit so that didn't happen yet. I just need somewhere for my family to be for a few months while I take care of it. But of course I'll sign a year lease and then you can do whatever you need to do to garnish my wages." Uhhhhhhhh. Interesting. Pass.

3. Walking through the house grimacing at every part of it that might be made out of wood, saying "I'm a carpenter, so, this... *waves hands* I couldn't live with this. Maybe if we knocked a hundred or so off the rent and I fix all this for you?" Dude, it's in fine shape, if you want a beautiful craftsman lodge you're going to need to look elsewhere.

People looking at a couple of 2-bedroom apartments I have:

1. Lady says it will be just her who would be living there. Shows up with her extremely pregnant daughter and daughter's boyfriend. Oh, they're looking for a place too, but wouldn't be living here. Sure. But do we allow dogs? Because boyfriend has two dogs. Not that he'd be living here, of course. Pass.

2. Another lady asks if I accept pets. Tentative yes, but we need to discuss it further. Oh good! Because for this two bedroom apartment, it will be her, husband, three kids, two dogs, and a cat. They just moved in to another apartment with a year lease but they don't like the landlord. Pass.

3. Also in April. Maybe even earlier? Feb?  Lady contacts me through a neighborhood group on behalf of her son. He and his pregnant girlfriend are on a month to month lease in a house that's too expensive for them, and she saw my ad. Sure! Talk to the guy, his credit isn't great, but he's a local guy with a solid job and solid references. Would mom be willing to co-sign? Sure! And her credit is good. He comes to see the apartment and thinks it's perfect. Then I get a message from the pregnant girlfriend... who apologizes for her crazy boyfriend and MIL, because they aren't on a month to month lease, their lease isn't up until August and she has no idea what the hell they're thinking. Ha! Okay, good luck with the baby.

And the folks who just see that I advertise apartments (being known as the local landlady has entertainment value as well as economic)...

1. "Do you accept Section 8?" No. "Oh, well do you have any one bedrooms?" No. "Oh. Well how much do one of your properties run? My wife and I r looking for a 1 bedroom. Pet friendly" I still don't have any one bedrooms. "Okay well if u hear of anything let me know" why would I do that?...

2. Lady messages me to ask what bills are included with the rent. Water is included, that's it. She wants to know why landlords don't include utilities when rent is already higher than a mortgage. Give her 5 minutes of my time to discuss it because I'm the Friendly Neighborhood Landlady and she's happy. A week later, she calls me during tax season (day job is accounting) and wants to meet up with me for "a few hours" so I can give her free advice on how to get a mortgage????? Pass...?

3. Lady is looking for a studio or efficiency for her husband who she's kicking out. Sorry, none of mine are available. She's been asking me weekly for about 3 months now. Stop. Please stop.

3.5 - Local guy contacts me because he's getting divorced and wants to sell the house in a hurry. Same couple, I think. (House wouldn't work for me.)

4. Young woman got a job at a local ballet company. Her mom calls me for an efficiency or one bedroom (still none available) and wants to know if the rent would be affected if they decided to have 1-2 more of the ballerinas stay there. Well, yes it would go up a bit, but also, I don't think the city would be happy with me if I allowed that.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Aly W.:

6. Guy calls and has a job and 2 pit bulls. I remind him the ad specifically says, right at the top, "one full grown pet under 20 pounds". He laughs and says, "yeah, I thought I'd have trouble with that one."

Ha. At least he's honest about it.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Kimberly H.:

This is all the same person for a 3 bed single family detached house, available June 2nd.:

Applicant writes all over the application and an email to not contact her current landlord, "I don't want you to contact my landlord yet because I haven't advised them of my intent to move and don't want to until I am approved and a new lease signed...each year I plead for a new lease for my own protection and for theirs...I am fairly confident that the past is an indication of the future in this case so I want to wait until our lease is signed."

Lol, as if! And that just sounds weird and doesn’t make any sense, what landlord wouldn’t want MORE notice? But she is retired, lives alone, and has nearly 1M in her retirement account and an 800 credit score so I figure worst case she’s collectible.

I call this persons RE agent and tell her that isn’t happening. The agent is like,"Well, she said that if you must contact the current landlord go ahead" and mentions something about that landlord never fixing anything and that was why she didn’t want me to call.

I call the current landlord, and she is glad that the tenant wants to move, saying they want to sell the home and get out of owning rental properties (they are in their 70's), and this makes it easier for them. When I bring up the repair comment, they angrily tell me of *all* the instances they have been over there right away to fix something. And it sounds like the applicant’s son’s monster dog is there frequently on weekends but I can’t get a straight answer on how often the monster dog is there.

There is no previous landlord to call. The applicant states on the app that she smokes outside, has a Greater Swiss Mountain dog that she 2x a year babysits for her son (Googling I find out they weigh 110-150 lbs!). 

So we accept, make the security 2x the rent, and propose lease signing and funds collection the next day at the applicant’s home. So then I get an email from the applicant,” Why a double security deposit…I cannot obtain certified or cashier funds in just one day.... My check from my investment account is no good? You will find out in a couple of days if my check clears. After all, I'm not moving until June…I have had and still have a horrid cold and therefore my home is a "sick" home. I do not recommend that folks come to visit me. If you must, then you must but I wouldn't.”

I’m not going to get into a debate with an applicant over terms that we use for all applicants, so I call the real estate agent, basically telling her about the email from her client.  She later updates me saying her client is getting the money together.  A few hours later she calls and says her client no longer wants to move forward with the house. I’m satisfied that a PITA just weeded herself out.

 Yuck. So many red flags there. "you will find out in a couple of days if my check clears"? oh my god.

Post: Millennials are taking over!

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

Stuff I've noticed makes millennial jump at my units...

-That I'm "like them". I'm here in my big glasses and hoodie, live down the street, point them towards the best burritos. I'm not a big company, I'm not a jerk. It goes really far. I definitely make my out of town partners the bad guys on any decision they don't like, sorry guys!

-Being able to feel like it's really their home. Sure you can turn that neglected flowerbed into a veggie patch. Sure you can have a dog, here's the (reasonable) pet rent bill and a box of treats. Sure you can paint a wall, just run the color past me so I know I can paint over it easily if you leave. (And yes, it will come out of your deposit.) Sure you can have a barbecue, just let me check with the city. And now that you're so settled in, how about a multiple year lease?

-Small units are in huge demand. I have 3 efficiency units and wish I had 30. The tiny home generation loves these.

-Definitely want the artsier and trendier neighborhoods. Murals, breweries, and bike parking are good indicators. But being close to their jobs is an even bigger deal.

-Neighborhoods that are walkable/bikable or have great public transport (big ask for Cleveland) are very popular. Low cost of living is the thing that draws young people out to the Midwest, and we want to keep it as low as possible.

Post: Flying to CLV next week, looking to network

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

We call it CLE here. ;)

What dates will you be in town? I’ll be recovering from tax season and happy to grab a beer.