All Forum Posts by: Account Closed

She would have to prove discrimination, which is not easy to do.

And sounds like you are treating her like everyone. You offered a signed lease. She is the only one that refused. Gives you a good reason now. So send her a 30 day notice.  And you just as well learn the eviction process now. If she will not move now it will be the same in the summer.

I think Linda D gave the best answer. But what are you still thinking. In 30 years I have only done one cash for keys.

You are saying pay money to one tenant to move. Giving rent and deposit back to co tenant. Hopefully you are not pay their brothers friends cousin also. This all sounds crazy. You are in a business to collect money. Not look for every excuse to pay it back. 

First is the co tenant garnish-able.  If so no way he would get of my lease unless he was paying me.

You want to do this and pay him.  Why have a lease if you cant stick with it.

If things go south I want as many people as I can get to garnish.

But remember. This has happened to the best. It is how you learn. Just learn as cheap as disposable. And the same problems could have happened even when you properly screened.  And hope I was not to hard on you. We all had to learn at one time.

And the one advantage you have is Nurses make good money so you have an excellent chance of collecting. 

Tell the co-tenant if he wants any money  now, to get it from the other tenant.

Tell them no one gets off the lease unless both agree to terminate the current lease.  And then you can sign a MTM lease with whoever stays.

If neither agrees, then per the current lease both will be legally responsible for all future rents. This alone should be enough to get the co tenant to sign off.

The main tenant should do it because she will not want the co tenant to have any rights to the home. And mention it is MTM since you have more risk with one less cosigner.

Make this happen and wait a month. She is a nurse and needs a place to live. So it could still work out if the problem is gone and you want to wait & see for awhile.

Also my lease states tenants pay for glass breakage no matter how it happened. Make sure you send a bill and demand they pay it with next months rent.

What does your lease or employment agreement say?

Either way they still have to give you 30 days notice. What they mean is if you dont move in 3 days. They will give you a 30 days notice. They can only file court after that.

Just plan on moving in 30 days. That is what the law says you are allowed. You cant tell them you need a couple of months to move. Or tell them they have to rent to you just because you agree to pay the same as other tenants.

They may wish to use your unit for a new employee. Or may wish to charge double the rent other tenants are paying for the unit. It is their property and their right as long as not rent control.

Any opinion on the Panasonic Lumix DMC-FZ70 ?

Thanks

I know Uncle Sam bailed out the banks at taxpayers expense. But the same Uncle Sam was a big reason we had the crash.

You cant pass a law and tell banks they have to actually make loans to unqualified people. With the community reinvestment act.  Banks previously had a system that worked. They did not loan money to people that history and credit showed they had a slim to no chance of paying back the loan.

 And be surprised when the banks go overboard. If you start a fire don't be surprised if it gets out of hand.

Another vote for Erentpayment

Jerry W. 

I can't say I disagree with most of what you said. The protection of a corpporation id well documented.

But my response was to OP about his post. Of the several lawsuits you have seen saved by the corporate veil.

How many of these were single member or husband/wife LLC's? I myself would guess far more failed than were protected.

Which is what the OP would be concerned about.

I also think for most in this situation they will have much more protection  with a simple umbrella policy.

I think you are over estimating the value of the LLC.

This fits right in with the old saying. LLC's were developed by lawyers for the sole purpose of being able to sell them to their clients so they can charge setup fees.

I do have to admit it would be a little harder to get thru your LLC's, the person would at least need the help from a first year law student to break any protection you have.

Sandy,

That was a couple of years ago. Old thread.

It was thru an independent company and sorry but don't remember who was the company. I spent a few months checking into a number of different idea. I don't remember the details, but the bare bones policy was not worth it to me. Actually ended up not really making any changes.

Also wanted to add so new investors can see both sides.

A worst case one we had about 10 years ago. Sec 8 tenant got behind a little on rent but we also had a lot of damages. 

So went to court to get our $5400.00 judgement. This one was in one area that had a good professional sec 8 office. They terminated her from the program.

Tenant appealed. Hearing officer for my state of Va. let her stay on the program and rent another house.

Of course we complained. The hearing officer actually stated the reason she let her stay on the program was she had no other place to go and had children.

So don't assume even if you have a good local office that follows the rules that they will be enforced.

Our best sec 8 tenants are the few that are older people on social security or disability. Seem to have far less problems. And these people it seems like they appreciate the help more. A lot for just unlucky to have major health problems. They are not able to go to work or work a second job to make ends meet. 

I always felt these are the ones that more of the vouchers should go towards. Again the are not able to go get a second job.