All Forum Posts by: Ryan G.

My renter's wife contacted me early to let me know they were going to be late with the rent payment. I understood, and just advised the $5 per day late fee(I'm very fair and understanding). The 10th comes around and I message her on her payday; she then has a story that her wages were garnished due to an unpaid loan that she'd "forgotten" about(in my mind I doubted she had 'forgotten'). She then asked that I provide a letter to her so she could perform a hardship withdrawal from her 401k, to get me the rent money. After researching, I obliged and provided the letter, citing back rent plus the upcoming rent payment. She sent me a screenshot that the check was being overnighted by Fedex, should've arrived 3 days ago.

She wouldn't provide me the actual tracking number, and now she continues to claim that she hasn't received the check yet(I highly doubt this). They're now 14 days late.

So far they've been good renters for 8 months and I've been a good landlord; so I'm not sure why the sudden change. They both work full time and the rent isn't high by any means. I haven't spoken to the husband this month, I'm wondering if this is all going under the table without his knowledge; planning on reaching out to him later today.

I'm trying to decide how to proceed appropriately; to prepare if I have to evict, but to also provide a path to restore the situation so that they can stay in the house; or move to a cash for keys arrangement. I haven't sent any documents other than emailing her the letter for her 401k department.

I could use some advice.

Christina Yun's comment hits the nail on the head. Your wife sounds close minded, and disrespectful. Her comments are emasculating, and emotionally hostile. Contentment and ambition are not opposing points of view, they can coexist. 

If your wife isn't going to 'allow' you to do it, then you don't have a marriage, you have a parent you're married to.

If your wife isn't going to 'support' you doing it, then you don't have a marriage, you have a nagging roommate.

A marriage isn't a piece of paper, it's an eternal commitment. You and your wife can have different perspectives, but it doesn't sound like she's approaching the situation fairly, based on the comments you've listed. It sounds like she has issues you can't fix(read: "You are not her therapist"), and she is blaming her insecurities on your ambition, trying to stop you. It doesn't matter if she makes $100k, $15k, or $500k; that has nothing to do with your goals and the marriage goals. That's a distraction she's thrown into your arguments, trying to get you to relent to her will.

I was once married to someone like that. I was blessed that she decided I wasn't worth it, and left, against my wishes. And now, I'm doing amazing financially, spiritually, and married to a great wife who offers dissent when she feels it, but trusts and supports me.

It depends on your lender. Suntrust told me they would only allow me to hold 4 mortgage loans at once. The lender I went with instead told me they would limit my number of mortgages to 10(though, they immediately sell the loan to another company).