All Forum Posts by: Jimmy S.

yes its in both names.

How long should I wait or which one do I contact for the remainder of the balance, or how should I approach it?

Rent is 970 and got 50% payment on the 1st.

A couple moved in 4 months ago and now they are not a couple anymore but are stilling living together for now and they told me one of them might be moving out. In the mean time they each want to pay their own rent 50% each and both are paying with separate checks, however one of them now are late the last 2 months and its like me chasing rent now for 2 people.

He paid is half and told me to get the other half from her. I did not agree to this they kind of assumed I was ok with this. I told them if either one did not pay they will have to make good for the other person as they are a team, 1 check for the total rent amount. Well I told him she was not at the property when I stopped over.

They are $500 behind as of today "she is" he just got caught up and paid me $1000 on the 1st of the month. I dont see this working out. He makes 2k a month and rent is $970 but says he can afford it but winter is not here and heating bills will be 200 or 300 a month.

How would you handle this, I really would hate to start eviction but the bottom line is the rent is not paid, they only paid half.

Dude that's pretty crazy...

In the past I have always made sure its about 1/4 full or more when they moved in and needed to be left at that level when moving out. Well 9 out of 10 times they use every drop left and its empty when they move out and I always seem to get burned.

How does everyone else do it?

Is it a bad way to start with a new tenant leaving the tank on almost empty and them having to get oil right away when they move in, that way it is theirs. 

thanks

I have a unit empty and 2 people called from out of state relocating and liked the house and are willing to fill out an application without looking at the unit. Does anyone have any experience with this? I dont like the fact that I dont get to meet them first but if they sound ok on the phone and I pull their credit is there anything to worry about? They are going by the pictures on craigslist but I know I get alot of weird people who call.

Would you rent to someone without meeting them first or them even seeing the unit in person first?

 Hey Tom

Honestly I never even called the collection agency to try to collect the debt, mabay I should, but from what everyone tells me its mostly a waste of time, especially if they have nothing.

 should they still be responsible for utilities and cutting the grass if we terminate the lease or just the time the unit sits empty?

 What do I call this a lease addendum or a lease termination agreement? thanks

Hello

I have a tenant who signed a 1 year lease and it renews for another year at expiration without 30 days notice, not month to month. I clearly told them at the signing and also stated in the lease.

It renewed on 4/1/16 for another year. I get a call today and he said he is losing his job and cannot afford the place and wants out.

How would you handle this situation? I have last month rent and security.  Last month rent is for the 11th month of the lease expiration and clearly stated in the lease.

Well I have 5 mortgages and every one was a pain in the butt to get through because of my income. My tax return only shows I make 15,000 a year after all my deductions, around 25k if you add back in depreciation and mortgage interest.

I have the down payment for another house but banks laugh at me and they want to see me make at least 60-70k a year to afford another 75,0000 in mortgage. My credit score is 740ish.

I have 150,000 in equity in all my properties but I cant even cash them out b/c of my income. Its becoming very frustrating.

I dont know where to turn next. I tried 10 banks, several credit unions, commercial loans and they all say my income is the issue.