All Forum Posts by: Mike Moreken

Welcome to BP maybe check out podcasts of BP too.

 You could mail a certified letter.  If it gets returned with no signatures do not open letter, and use for evidence.

Welcome to BP.  Looks like you are headed in a good direction.

Yea did screen him before.  What is maybe not cool is I know tenant screening, also knew he had no driver's license.  As for false info, no catches yet.  Leaving data out yea, but will fill in.   Funny no credit cards, no bank accounts.  I ran a credit check before, and shows nothing - good credit.   Didn't catch Sallie Mae!  See below, from the report.

Credit Score N/A
Delinquent Accounts 0 PASS
Collection/Charge Off 0 PASS
Bankruptcy Records 0 PASS

This was the data, better than earlier prospective tenants that had a number of debt discharges, etc.

I went through tenant screening at a brisk pace and told him this has a high likelihood for producing errors.  We initialed all pages.  He texted me his social security card after I told him prove who you are.  We are cooperating nicely will filling in job gaps, initializing a page missed.  Putting pressure lightly on him to get him to close in on comply with full lease.

Yes will carefully vet the exterminator story.  

Anthony, you sound like my Mom.  First ragging on me for no tenant, now ragging bad tenant.  My Mom knows how to see the dark side of everything.  Not someone you want on your reference group unless you have your head in the clouds.  She wanted me to sell the place soon as I got the property.  I wanted cash flow.

At this point: story holding together, collected first rent.  Awaiting cleanup of other items.  He apparently got tenant insurance YES!, but forgot to add me as 'additional interest'.  So back up a step.

The rush, I had been seeking tenants.  Showed the place to over 30 groups all liked property.  Started trying to rent Feb. 2015  I have been carrying this property since Dec 2013 when I was legally awarded the property.  Only problem is I could not legally go into the property until June 2014.  I then tinkered on the property for 3 months, then got into serious rehab and ready in Feb 2015.  Screened 3 tenants before him, one too many people, 2 had bad debt cancellations and scores.   More than half the US lives paycheck to paycheck, this is a poor neighborhood.  Large # of prospective tenants talking federal and ministry aid for rent assistance.

I got the full month rent in cash the day he got the keys.

Can't debate what is said here, I am going forward.  No money or story cracks yet...

"He broke a half dozen clauses in your lease agreement? After breaking one, you should begin the eviction process immediately and make sure you establish procedures for screening future applicants, as recommended by"

On lease signing he was breaking lease items, I was convinced these would be resolved.  He + I have known day 0 he was breaking lease terms.

Michele, good ideas.  I told him to update his resume after seeing a 2 year gap.  (I have not seen his resume).  What I learned is firmly planted in text on a cell phone showing what he needs to do.

Best Wishes,

Watch out for rent controls in the municipality.  Mine is linked to CPI-U housing.  Of course you could try ditching tenant after lease ending and getting a new tenant at higher rent.

I did here a real estate speaker say we will be hitting a period of lower housing + rent #'s.

Got my first tenant.  He was in a rush to get away from living with a alcoholic brother.  He is soon gaining peace of mind.

:)  broke over a half dozen clauses in my lease currently by moving in.  This is low income area.  Seems like more than half the USA has aid for housing costs.  This was a rush (bad?) tenant screen.   I currently do not have:  Security deposit, tenant name on utilities, tenant insurance (I'm guilty too for structural + liability).  I have him using an exterminator, after he saw a roach, he will take a picture of receipt and I will allow him to take as rent credit.  After 10 days he is fully responsible.

Did screen him.  Looked ok.  Turns out has no drivers license, bank accounts, or credit cards.  Rides bus to work.  I had major obligations that he originally he crossed off, until I found out the story had $903 in a bank.  He withdrew $900, and Sallie Mae took/garnished the rest.  Turns out he owes Sallie Mae.  He is on the hook to get the Sallie Mae balance to me (which he doesn't know!).  I explained Sallie will track him to the grave.

He could not even supply two years tax returns!  After my sister looked at it we found a 2 year gap in employment, when questioned he filled it in.  Did confirm in person where he was working where he claims he is half owner on a business.  hum, I need to check this too.

He plans to fix these many of lease deficiencies very soon.

Time always tells.   No tenant is better than a BAD tenant.

Best Wishes,

 Thank you for clarification about the mechanics lien behind banks lien.  

I suppose one could use a mechanics lien to initiate foreclosure?  or just small claims.  You would be out the foreclosure costs but should get back your $ for a mythical mechanics lien.  In addition there are better ways usually.

This sounds like a pitch at a presentation, rather than helpful a way to bury most quickly.  Implying buy my course, let me do it"   

More useful would be possibly show23? on notes.  Or a website or book or two.

Generally no, but there may be creative ways via?

Yea has no limit as far as I have heard.  A way to put off paying tax.