All Forum Posts by: Kristine O.

Hello Kristine,

You would have to read your lease to answer the questions, I would imagine on a lease moving out early they would still be liable for the remaining portion of the lease.  Its up to you how you handle it.

Hello Kristine,

You would have to read your lease to answer the questions, I would imagine on a lease moving out early they would still be liable for the remaining portion of the lease.  Its up to you how you handle it.

Hello Kristine,

You would have to read your lease to answer the questions, I would imagine on a lease moving out early they would still be liable for the remaining portion of the lease.  Its up to you how you handle it.

I would have them as a guarantor and you can have them sign it as such. If you put them on as a "tenant" then they would have rights to be there and if you have to do an eviction, it would be that much harder.

Definitely give her the guarantor form and not the lease form. It is the students job to maintain the property, report issues, etc... not the mothers. All she is there for is to make sure that the rent is being paid and to be there to financially assist her son. 

Quote from @Kristine O.:

Hello there. I am here again to ask your advice and recommendation as a landlord. I have an inquiry from a fourth year college student who has an interest in renting our ADU from June to Sep. He will stay for an internship near our place. I already spoke to his mother who‘S willing to fill up the application and do background check separate from her son. My question is do I have her sign the lease or give her the guarantor form to sign?

I have a separate cosigner/guarantor form for them to sign. Why? Because the cosigner is not responsible for mowing the lawn or reporting maintenance issues, they have no rights to the rental, and I don't want to communicate with them about anything but the money.

Hello!

Here are some suggestions for this tenant and for tenant screening in general:

Personal references are probably not going to work as why would they bad mouth him to his potential landlord?

He said retired military. Is he getting VA retirement or Disability? Any other form of income?

Did you do a full Application?

How much is the rent versus old rent ?

Why are they moving?

Did you call the former landlord and actually get a hold of them? Are they real and not a fake person?

Do they have a co-signer that you can go after if they don't pay up?

I ask all these questions as it's important to know if you have a FULL Application that you can make real decisions off of.

If you are stumped by any of my questions, you need go back and look at your application and get those answers.

Thank you!

L. Thomas

I do not like several things about this applicant for a long-term rental. If you're just putting them into a mid-term rental agreement though (at a higher rent) I would demand a double security deposit and get them in there. 

Google the job he's been offered at the base. Does it require a security clearance? Ask the recruiter if you can't find out online... if it does he's golden. Any issues with you is a potential issue for his clearance. 

Quote from @Kristine O.:

Hello rockstars! Especially to landlords. This is the first time that we are renting out to someone for midterm rental. My prospect tenant just completed his application form/background check thru avail.co. Can i ask for personal reference and professional reference like coworkers no.? He's a retired military in his 40s. He has 9 month work gap in 2022. And in 2023 up to present he does not have employment but just accepted at a military or base near where we live. He even sent his 2 previous pay stubs from 2022 and an acceptance letter from his current military employer. What else can i ask just to prevent potential issues with a tenant. This is a big deal since we live in the same lot with my family and I'm renting out my ADU. Its just so many horror stories out there dealing with bad tenants that it's making me nervous although I need this rental to help pay for mortgage.

 Hello Kristine. I have had experience before with the bank statements. Tenant showed me their bank statement showing over $30K. By the 2nd month, the tenant started making excuses to have more time to pay her rent. I thought that was weird since she had so much money in her account. 

I asked around, and I found out some people will show a high bank account statement and use that copy to show all the landlords. They borrowed the money and returned it after they printed out the bank statement. 

Yes, please use their credit score as a reference, but be careful on what you see in their bank statements. I would pass on this tenant. Not worth the headache.