All Forum Posts by: Jonathan W.

@Robert Kough did the water company not issue anything? Usually if there’s a leak and your meter is constantly running, the city will send a letter informing the resident. Sometimes I takes a month to discover but it took your tenant two. See if you can find out if the city sent her a notice of the water meter running, that would help justify your charging her and prove she neglected to inform you

@Robert Kough this happened to me recently but the tenant informed me as soon as they knew. So we fixed it and paid a portion of the high water bill for the month it was high. It’s your responsibility to fix but because she informed you so late, the bills she had for the months after the first sign there was a leak, are hers to pay imo.

She answered your question. Paying late isn’t an option.

@Alex Heredia I see no reason to keep a condo you can’t rent out for positive cash flow. You can’t rent it at the right price and you can’t find a renter. Move on, renters shouldn’t be that hard to attract meaning your rent is too high meaning you’d have no lower it, meaning you’d make no money. Plus condos appreciate differently and I think you’ll find better appreciation elsewhere

@Shane Elias-Calles bathtubs are pretty easy to replace nowadays. Why not replace it? Bathtubs are super useful.

@Sami Gren no time in your life is more crucial to hold a job a well paying job then your mid twenties. I don’t like when landlords play mom and dad. Her age shouldn’t be a factor, if she had a kid that’s not a factor, please don’t mention her age as a factor. Definitely rubs me the wrong way reading that as I’m 30...

@Cassandra Brown divorce is definitely one of those things that ruins qualified peoples credit. It’s one of those things that, if all else qualifies, you can overlook. Credit usually is used to gauge track record and history of financial responsibility so if divorce is literally the only dent, give her a chance definitely

@Julian Montes I would suggest taking community college courses on the side. One or two a semester. When you are four years out with loads of RE experience you will have the option to get a degree when people who just go degrees are getting experience. It’s smart doing it backwards if you know what you want.

Then you’ll go to college for later in life, ask better questions, make better contacts and be more well rounded.

Also dude your young. Take the next advice from a guy involved in RE and casinos at a younger age, surround yourself with people your age and take a class or two. It will keep you grounded and you will meet amazing people who have ambitions the same as you.

@Cassandra Brown break the ice, ask a question getting to know them like why they like the area(if they can’t think a one or a few reasons why they like the area then it’s a strong signal they are just dangling the carrot)

Or why they are they moving

For the pre screen and showings, once I can see they are motivated or wanted to apply i ask the tough questions but before all that I will ask

How is your credit? I might throw it from left field, I might slide it in as a question gently but credit is where like to start. I’ve met enough people that make more or are supplemented enough to support three families but their credit score still comes out below par so before you think of a list of questions. Quality of quantity and be a good listener. People love to talk about themselves and it’s worth it for you to listen

@Sami Gren you ask for 3 months of paystubs? Last place I rented just wanted last 4 paystubs so two months. Either way it sounds like she’s doing better, making more and is qualified under many screenings but just not under yours. If she can afford the deposit, her credit and background are good then I see zero reason to let a lady who has improved her job situation not improve her living situation after. She may have not much savings and you are taking a risk but if she’s working, getting promoted or moving up, the risk is not as high as you think. I would need more details but my point is under other good pre screening systems, she would probably qualify too.