Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Scorpio Johnson

Scorpio Johnson has started 2 posts and replied 4 times.

Post: ?Seeking Advice

Scorpio JohnsonPosted
  • Groveland, CA
  • Posts 4
  • Votes 1

Should not be an issue to demonstrate our attempt to rent our place out. It's been advertised on multiple sites and I have proof of confirmed showings.

Post: ?Seeking Advice

Scorpio JohnsonPosted
  • Groveland, CA
  • Posts 4
  • Votes 1

Our tenants who moved in in July, notified us in early November that they are moving because they bought a house. Shortly (very shortly) they moved out leaving the house in complete disarray. Per our lease, they are to pay for rent until we find another tenant, however we have not found one until now. It is middle of the winter and I don’t think we would be able to find a decent tenant until spring if not summer. Once kids are out of school I know the property will rent out quickly because the house is in a very good school district. They did make a payment for December and now they are refusing to pay up. They’ve also refused the claims made by our rental agency in regard to the extensive damages that they’ve made to the house.

They clearly knew that they were not renting for the long run: they signed the contract in early Aug and closed at the start of Oct. So they abused the house while they were there and now we are stuck with repairs and payments (until we rent out to the next family). They did not give us any time upfront to start marketing the property and attempted to push a lawyer on us because they felt that we were misrepresenting the damages. The lawyer backed off once they found out that everything was properly documented. What upsets me the most is that the husband is an executive at a local company, so they are not exactly hurting for money, but obviously he feels that he can do no wrong. Our property manager says that she will process the deposit towards January payment and will issue that to us, and that once we do find the next renters, she will put a claim with collectors in the amount they will owe. Is that all we can do? Is that the right course of action? Any advice is appreciated.   

Thank you Bradley, that's what we are thinking as well. The house is brand new and we intend to move into it in 3 years. The rent is well over 2K a month and we also find it odd if they can fork up all this cash up front, then why are they not taking care of their other responsibilities. 

We have an offer to rent out our property but the prospective tenants have some questionable history.  Low credit scores (low 500), unpaid medical bills, a few collection agency accounts, supposedly never late on rent.  One of the tenants has a misdemeanor (Resisting Officer Without Violence (Resisting Arrest)), found guilty.

We've rejected the offer because we were pretty sure this is not our cup of tea, but they came back asking if we would consider if they would pay 6 or 12 months up front. This is a brand new house and we'd like to find easy renters. Having an offer to pay 12 months up front is tempting, but what kind of issues could we expect down the road? This is our first renting experience and we would appreciate to get some pointers.  Any scenarios that we should watch out for?