Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
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: Terri P.

Terri P. has started 3 posts and replied 9 times.

Quote from @Ned J.:

Exactly like Nathan stated.... if they pay for it and its properly installed by a trained professional and they pay to maintain it..and its stays.... no problem

Hi Ned! That’s where I’m hesitant about the simple ask because they will likely install this themselves so no receipts. Per my request they sent me a YouTube video (see above) where it’s placing a bracket to hold the filter and disconnecting the cold water faucet hose from the shutoff valve, then installing a water supply line adapter to the cold water faucet hose. Seems simple until something goes wrong.
      Quote from @Nathan Gesner:
      Quote from @Terri P.:

      I would allow it with a written agreement that states:

      1. Tenant will pay for installation costs and provide receipts as evidence;

      2. Tenant is responsible for any damage linked to the improvement;

      3. When tenant leaves, the filter becomes property of the landlord or the tenant must pay to have it professionally removed and provide receipts of evidence.


      Thanks for responding, Nathan. The YouTube video they sent me seems pretty straight forward so I am certain they are planning on installing the under sink water filter themselves. I will include that it stays otherwise the removal of the brackets would leave holes (& maybe next tenants would use it?). I’m unsure if changing out the filter is required even if next people don’t want to spend money on replacing the filters. 

      I would treat him as any applicant and determine his application (once submitted) based on that. It already appears that he is not on top of his responsibility with overdue parking tickets (plural too -- how many does one get before learning?). Is his income stable? I am one to give people benefit of the doubt but it usually ends up with hurt feelings and regrets in business. And no matter how you try hard to be kind, people don't always see things from the Landlord's perspective when it comes down to money. Have you listed the unit as furnished to see your prospect? I am personally not attached to things so I would sell everything vs paying for storage or risking renting to a less-than-ideal tenant. Best of luck with the move and new job! Change is good!

      It really doesn't seem like a big deal but I have never used one of these systems myself and don't know if there may be future problems with leaking or water pressure/flow issues. It appears to be an easy installation process as well. I wanted to check with other landlords prior to approving this. What are your thoughts? What should I include in my approval email? Thank you!

      https://www.youtube.com/watch?v=68alEt8HZgE

      Post: 1 years rent up front

      Terri P.Posted
      • Posts 9
      • Votes 3
      Quote from @David Vaughn:

      I wouldn't do it. I have never had luck with someone paying a large sum up front and so much so I now refuse every time. JMO


       Could you offer examples of what happened/what went wrong with these tenants? I'm very curious to learn about your experience and what I should be cautious of. Thank you!

      Post: 1 years rent up front

      Terri P.Posted
      • Posts 9
      • Votes 3

      I'm following this post as I'm experiencing a similar situation: I have an applicant offer to pay for rent 1 year upfront on his Zillow (generic) application. My lease is only 6 months to account for the season. Credit Score 776. He has his business bank statement and personal bank statement showing his income. He does not have significant rental history as it looks like he's lived at the same apartment for awhile. His references are his friends as he is his own boss. No criminal history on the background check. Housing is somewhat competitive at this time, even for renters. 

      I couldn't find information on the internet about whether or not taking 6 months upfront in California is legal. I only have come across anecdotes and posts of people talking about doing it. Not sure about how this would affect me filing for taxes, etc. but I am just holding onto money that would go towards the mortgage. I've read people responding to this saying it may be difficult to evict later -- but I'm not sure how that applies if you're evicting for other reasons (and not over unpaid rent).

      For those who send in an inquiry only, I have been responding with tenant screening questions (to save us all time). I find that maybe 1 out of 8 would reply with the answers. Some people either don’t want to bother, or the questions reminded them that they actually don’t qualify. These are the questions I’ve been using (straight off the internet): 

      Pre-Screening Questions:

      (1) What date would you like to move in?
      (2) Do you have pets?
      (3) How long have you lived in your current home?
      (4) Why are you moving?
      (5) How many people will be living at the rental home?
      (6) How many people living with you smoke?
      (7) What is your monthly income?
      (8) Is your credit score 640 or above?
      (9) Have you ever been convicted of a relevant crime?
      (10) Have you ever been evicted?
      (11) Have you ever broken a rental agreement?

      Btw, the income and credit score accompanied with these inquiries are from Hotpad and they’re all self-reported. I’ve tried sending an inquiry to my own listing and learned it that way.

      I have a prospective tenant who is self-employed and has a 700+ credit score. No issues from his background check and no history of evictions. In his rental application, he offered to pay for a year lease upfront. My lease is for 6 months only (to reset for better seasonal demand) so it would just be 6 months plus security deposit. Are there any laws in California that would make this illegal? Has anyone accepted something similar? Do you accept cashier's check, money order, or a regular check? Would this raise any red flags on my bank account? I'm not used to dealing with this much money upfront, but it doesn't sound like a bad idea if the tenant is willing to prove he could afford the home. I appreciate your time for offering your thoughts and advice!

      In the history of Tenant-Landlording, I’m sure my situation is not unique: I had one of those tenants that looks great on paper and loved by the neighbors but was horrible near the end over the security deposit.

      The short version: dramatic tenant initially refused to give me his forwarding address. Certified letter with the security deposit refund was returned to sender when I sent it to last known address. Finally gave me his new address, certified letter still got returned. Now tenant is requesting that I send deposit refund electronically. I’m not sure how to approach this since I prefer sending a check. Also, debating on the best approach because he isn’t the greatest person and doesn’t deserve another minute of my time.

      For details/background:

      The guy is military and is a resident surgeon (yep, future surgeon of America). He broke the lease 2 months early with the excuse that he was moving closer to his military base. I knew it was an excuse but I was treating the rental as a hobby and wasn’t going to sweat the small things since it wasn’t going to be difficult to re-rent the home. Because of COVID, I have not completed a home inspection in the ~2+ years he’d been there. There was water damage to the ceiling in the office and when I asked him about it, he swore he didn’t look up and didn’t know about it. It was difficult to get roofers out at the time as we had just went through a wet season and spring was the time for people to fix their homes. Still, I wasn’t going to charge him for the repairs, I just wanted him gone.

      We did a final walkthrough together after he’d completely moved out. Per our lease, the yard was tenant responsibility and he’d let it grow wild. He claimed that because I had planned on doing a yard makeover, he understood that he didn’t need to clean it. I took the time to get bids for the yard cleanup but still gave him the option to get his own bids because he thought the price I received was too expensive. To my surprise, he opted to clean the yard himself and set a date for two days later. The following day, we were at the property cleaning up the backyard and digging up weeds to re-mulch a small area. I knew he wasn’t going to clean the backyard thoroughly so we opted to do it ourselves. I put a lock on the back gate. 

      On day #2, I came by to clean up and he was already in the front yard clearing out the weeds with his girlfriend. The task was more than he had anticipated and he was growing upset. When he was getting ready to leave (still a messy yard but better than before, with yard waste on a tarp in the driveway) he asked for his full deposit back and I told him I am required by law to return his deposit within 21 days but he needed to remove the yard waste on the driveway. He and his girlfriend were questioning why I’m withholding his money if that was the last thing he needed to do. They had wanted to intimidate me into sending him the refund via Venmo, then and there. I refused to do that and reminded him that he was breaking the lease early and I was doing my best to get the home ready and rented to mitigate costs. He flipped a switch and started yelling and screaming,
      stating he was a protected class with military rights and he would take me to court, etc etc. He then threatened to call the police claiming that I was trespassing his home since he’d paid until the end of that month. He also refused to leave unless I sent him an email or text message stating that I would refund him his full deposit. I told him the conversation wasn’t productive and went inside.

      He followed up with text messages threatening to take me to court for trespassing, accusing me of charging military too much deposit (not yet a law when he signed the lease), and how dare I put a lock on my gate. I informed him I would notify his military base about his conduct and ask them to confirm his PCS Order for his early lease termination. He was appalled that I would threaten to destroy his entire career over a disagreement that I was equally at fault. 

      Despite the drama, and against the advice of my colleagues, I agreed to refund him over $200 after charging him for 1 month’s rent (he actually owed two months according to the lease, and did not return to remove the yard waste). I asked him for the forwarding address which he refused and preferred Venmo. I then informed him I was sending the check to his last known address. The post office returned the certified letter. He sent me an email to follow up, at which point I told him the letter had been returned. He then gave me his new address and again, it was returned to my PO Box. His girlfriend, who was not my tenant, followed up in an email and I instructed her to retrieve the letter from the post office because they held onto the previous certified letter going to my PO Box until I came for it. He emailed me today with different options to send him his money: Venmo, Zelle, Wire Transfer, PayPal. 

      What would you? At this point, he’d waisted my time at the post office x 3 (sending, retrieving, sending it again, and probably a 4th time to retrieve the second returned mail). I had initially refused Venmo because I don’t ever want to see his name on my activity log.