All Forum Posts by: Jack B.

He seems to be offering to help find a new tenant. I could just offer him $500 back in the event I find a new tenant to get him to accept it via writing/text message. He has already agreed that if I can't find a tenant he understands me keeping the full deposit. But if I offer him $500 if I do find a tenant and he accepts it, I can clean my mistake of not getting it all in writing upfront.

Their current landlord will allow them to stay after all due to his own housing situation. They gave me a 2K deposit a month ago. I have nothing in writing other than our emails about the lease and moving in, but he called me today he wants to back out and stay where he is at. He wants part of his deposit back if I find a new tenant in time. He did just say via text that he understands if I don't find a replacement in time, but wonders about if I do.

I told him no, and that it's unlikely that would happen as it took me 2 months to find him. Now I have less than a month to find a replacement for a class A property....

Thoughts?

ETA: I will go by the book for every little receipt with tenants from now on.

That's the way it's spelled out in the receipt, he loses the $400 if he backs out but it turns into the deposit if he moves in. 

His lease would be dated April 1, so yes, there would be something I can do about it, up to and including use of force or calling 911 to have a trespasser removed. Breaking and entering is a crime, especially since his lease would not be effective for some time.

Ummm...I find it hilarious someone who lacks basic reading comprehension and critical thinking would advise someone to be smart...Not sure what the point of your rambling posts about depression are about, but you've detracted from the thread enough, please stop before I report you.

Sigh, one in every crowd. He makes 6 times rent and has an 800 credit score. No one said that "he has a nice car which means he is financially stable".  I said he has a good income (he has a nice car) to imply that he has a lot of income but he is a spender so money is tight for him between apartments.

Focus on the topic, not your own interpretation and pointing out the obvious things that no one is asking about...It is not the point of the thread, and no one said he is fin stable because of his car, the point was he is not flush with savings because he is a spender, so money is tight between apartments for him.

Otherwise it's just a waste of time reading your response...because it's an answer to a question NOBODY asked. I hate to be blunt, but it is becoming very tiresome to wade through responses like yours in every thread. If I post a thread asking for scientific evidence of X instead of conjecture in big bold letters, I will get 10 people who post exactly what I DIDN'T ask for.

I just recently closed on another house that has a MIL apartment. I've rented the MIL (2 days after closing). The tenant can't move in until April 1st, but I agreed to hold the apartment for him for a $400 deposit. I gave him a receipt for said deposit, even though I usually document this on the lease. He's eager to sign a lease, though he doesn't have first months rent just yet (his income is good, but he drives a BMW). I could just tell him I will provide a lease when first months payment is ready. Or is there anything wrong with just signing a lease now? The lease I use is a state provided once that has a grid at the bottom to document payments due, payments made, and payments still receivable and by which date. I could just fill it out and document that he needs to pay first months rent still.

I'm looking for a new screening service. The one I use now emails the tenants and asks them to to sign up and approve, etc. The system sends them an email and makes them jump through hoops, even though I enter their information into the system.

I would strongly prefer a service under $40 that allows me to just plug their information in and get results right away, without them being emailed and asked to fill out more forms by the system.

I never said that people in C class areas are low lives. That's your interpretation of what I actually wrote. Again, I have one rental in a C area and no problems like this. The unit in question is in an A area, 3/4 million dollar homes.

Also, to answer your other question, as I noted in my other post, I don't put criteria in there because it's tipping my hand. I don't like telling people what the criteria are, because I don't want to give them potential evidence to try to use against me for some bogus discrimination suit that I still would have to pay to defend against.  

My point was for some reason the people who are interested in renting a MIL or probably even a room are proving to be the absolute bottom rung of renters I've dealt with in any range of property classes I have. Almost every person who contacts me makes 12K a year, has a serious felony record, or evictions or some combination of the above. Then they have poor reading comprehension and want to hide their income from me, forcefully telling me they qualify, when in the sentence before that, they told me they got evicted a month ago because they couldn't afford their apartment on their minimum wage pay.

Yeah, I updated my ad with the basic requirements. This is a 750K neighborhood. Some of these people who contact me are literally dumb. They have the worst attention span and reading comprehension, and they don't want to reveal their income, only citing that I should trust them, they can afford it...after they just told me they got evicted from their last apartment in December because they couldn't afford it on their Denny's waitress wage.

You need liability protection, most suits are paid out by insurance companies. If you have money, which you do, you will be a target for lawsuits. People sue those who have money.