All Forum Posts by: Jonathan W.

@Bryan Devitt thank you, I mean warrants for money owed are obviously like bad on every level disregarding safety and law but on these cases where people can get locked in a cage for something that, like you mentioned, you have to wonder if your two steps from someone being in that case? Plenty of renters, finance or lease cars. There are like 5 ways to get a warrant for irresponsibly owning a car.

Anyways Non b class tenants are new to me and so watching a red flag pop up was like. Wow. No ways

Thank you everyone for your answers

I was curious if anyone had a story or a outcome of sorts to share. Maybe even a feel good story, “well I asked and he took care of it and we got him in” type story. But let’s be real it’s landlording

Anyways, it’s very clear that money owned to government that could get you in jail is a big no no.

Are warrants considered a hard pass?

I’m not use to dealing with “C class” like and

There were other factors that made previous tenants a pass, standing alone does it always make a hard pass or which warrants out in the past make no difference or aren’t of much concern for you. Do you call anyone? Lol

@Michael J. The rent price to market price being off 100 means nothing.

Security deposits a lil higher then normal but there’s nothing wrong with that. Might steer away a couple people but not the crowd.

Looks fine, pretty standard

@Ronnie Holbert rainy day fund or save for upgrades/future expenditures. And the tax man. Not the IRS, but your tax attorney. Don’t need one? Then get another property :0

Running a business is an art

Good luck with the 175$ a month

@Zoe Lee if my potential tenant had 100k of student loans I’d take that any day over 100k worth of credit card, auto or some frivolous debt.

if there is a pest problem within the first month or two of move in, we will very much lean towards paying it but obviously we will check out the situation and see if the tenants is leaving things that would attract pest

@Brian Cardwell sounds like a homework question Brian

The house was deemed pest free. Unless the tenant can contest that it wasn’t pest free or that the pest problem was due to something like lack of maintenance or general repairs requested on property that caused it, it’s on the tenant.

@Latavia Banks if people are serious about renting they will throw 40$ for an app fee.

Get the credit and background. Don’t care if it’s your friends friend or a doctors friend, it’s a strong principle. You run the house, you need to know who is in the house and they are paying people. If for whatever reason you skip the background and credit check, you will always regret it.

So questions to ask!!!

Do you work full time or part time

Part time people might have 4 days off and temp money problems. You don’t want a guy going around the house asking other tenants for money. Does that happen often?

Yes.

Do you like what you do?

Notice this and some of he next ones aren’t screening questions, you just want to know them so be casual because what’s your main goal?! You already know it, a peaceful household. There are people who will ***** about there job uncontrollably. They don’t have to love there jobs, you’re just looking for if it drives them insane. It may sound silly but there are plenty of people who need rooms who aren’t happy people and most unhappy people are miserable because of there job. I liked iving with people in my work space(not exact same job tho)

Ask them what they like about the area?

They hate the area? Well then what your really asking is what do they do to get out of the house or keep themselves busy(you don’t care if they are in or out or really in love with the area)

Plenty of good books on judging people you could take a look, Ive read a few, dm me if you want a title or two.

Since it’s your first time, people are going to sound like better potential tenants to you then they would to a property manager.

Don’t forget to ask if they smoke! Perfectly valid question in any screening process

@Jason J. I mean yeah it’s not a good sign but it doesn’t matter. A lil too transparent you were

Reassure her the inspection is a good thing and that your there for good reason. Lol

Man just give an early notice and do the inspection when you scheduled it. Your right

@Marie N Souffrant hi

Sorry to see you haven’t gotten much of a response

My brother had rented a house with his friends. Although they know how to have a good time, they were responsible.

People get paranoid of party animals in college but people renting in college usually are 3rd or 4th year or doing additional studies.

The great things are demand is high, you’ll find yourself if you screen well either responsible young adults or younger college students who typically have parents who can co-sign.

The cons are simple

You could get terrible tenants

And turnover is often.

So your always picking tenants and having turnover(it doesn’t mean your having vacancies, you can market the property when they give notice)

Another con is the slight increase chance of incidents. It’s college, things happen.

It’s a good idea and I hope you find a property that fits the demand. I also recommend reading up on marketing any property correctly. You can always find someone who done what your doing and get advice but for marketing, that usually falls on your creative typing fingers

Good luck