All Forum Posts by: Jennifer Dejoyvor
Jennifer Dejoyvor has started 3 posts and replied 7 times.
Post: Potential tenant that is in the process of divorce.
- Posts 7
- Votes 0
Originally posted by @Julie Hartman:
Have you advertised this unit to the general public yet? If not, I would do that before taking this applicant. What if the son in law elects to move at some point, then she would not have enough income or sufficient credit score to qualify on her own. If you like them in general enough to give them a chance, then I would absolutely ask for a larger deposit or co-signor but not the ex-husband.
We did advertise this in public already. We do like them in general, they seems to be very easy going and their lanlord also gave them good feedbacks. The son in law said he will be the primary person paying the rent and intend to stay long term. The only concern we have is their income.
Post: Potential tenant that is in the process of divorce.
- Posts 7
- Votes 0
Originally posted by @Cassi Justiz:
Is the son in law planning to live with her long term? If so then you can count his income. If not, then I wouldn't consider his income.
I don't count future alimony as income. At any point if the ex-husband decides to not pay alimony or ends up without a job then she wouldn't be able to pay rent until that gets resolved.
With the eviction moratoriums going on, I'd hold out for a more stable tenant that can comfortably meet your income/credit requirements.
The son in law is actually the one that came to see the house and said will be the primary person to pay the rent. He said he will be staying with her long term.
Exactly! with the eviction moratorium, we are being extremely careful on screening tenants. At this point, what can we do if all the sudden they decides to not pay 🤦♂️
Post: New Lease terms for eviction moratorium.
- Posts 7
- Votes 0
Originally posted by @John Underwood:
Originally posted by @Jennifer Dejoyvor:
Originally posted by @John Underwood:
Do a month to month lease. You can remove a tenant at the end of the lease with required notices.
What if they don't pay and refuse to go?
Protection is provided only for non payment of rent.
It does not protect against non renewal of a lease or lease violations.
Thanks
Post: New Lease terms for eviction moratorium.
- Posts 7
- Votes 0
Originally posted by @John Underwood:
Do a month to month lease. You can remove a tenant at the end of the lease with required notices.
What if they don't pay and refuse to go?
Post: New Lease terms for eviction moratorium.
- Posts 7
- Votes 0
I'm working on drafting a lease for my new tenant.
Just an idea, I'm wondering is it possible or legal to add a line or addendum stating that the tenant agree and will waive the right to exercise the eviction moratorium?
if not, what is the best way to prevent that?
Post: Potential tenant that is in the process of divorce.
- Posts 7
- Votes 0
Hello all, I just bought a rental property in long island and came across a potential tenant that she said is going through a divorce and need an apartment. My rental is asking for $2600/mo. She is self employed and making around $2000 a month (proved by bank statement), alimony $2000 a month and her son in law is an electrician making $3000 a month(paystub, tax return). However, Only the son in law has credit score 700+. The other family members do not have credit at all. And since she is going through a divorce, according to her, she needs to find another apartment so that they can live separately in order for the alimonyto start. As for the alimony, she has a letter from her husband stating that he will pay $2000 a month to support her and it is notarized.
What do you guys think? Without the alimony payment, they can barely meet 3x rent. But there is no way to prove it as it has not started yet. Is the notarized letter sufficient? Maybe I should ask for double deposit? Ask the ex husband as cosign or guarantor? Is there anything else I can ask for to prove that they will get this extra income?
Post: Cheapest way to finish an attic space?
- Posts 7
- Votes 0
Here we have an extra 900 sqft unfinished attic space. It is a rental unit, So I'm being cheap here ;) Possible 2k or less. Looking to turn this into playroom or storage or huge closet. I'm Open to option and creative idea. Attaching pic to the space.
