All Forum Posts by: Wendy S.

@Lola Omishore

Yes, yes and yes.

Hi all.

Is 5.25% on a 30 yr conventional loan with 15% down and excellent credit, about where the market is right now on less than a $250,000 property or should I be shopping lenders, considering I'm using a broker.

@Bernard Sanga

You've gotten some good advice from others.

You could also ask the Tenant if his employer would be willing to deduct and pay directly to your account.

In my rental agreement (mtm) I give the option to pay online or in cash with one caveat.

Online can be done such as via Zelle, or Cozy,

No need to give out my bank account info.

However, if tenant choose to pay cash they have to get the cash to me, not me coming to them and there is a $30 charge to facilitate this. This accounts for my time, gas, etc to get to the bank or atm to deposit that cash.

Usually, tenant doesn't want to incur this additional charge so they normally figure out what to do to avoid it and work with the systems I already have in place that makes for a stress-free (98%) transaction.

@Jingru Sui!

On Tuesday, March 31, Governor Kemp issued an Executive Order permitting electronic notary. The Georgia Supreme Court's order on Friday permitted attorneys to participate in closings via remote access.

While I'm not familiar with the California resident aspect, I believe it might be possible to achieve what you're looking for.

Please check your inbox.

Thanks for all the comments. Yes unfair was not the appropriate word but as @Greg M said unfortunate. 

I'm happy to have my daughter home, but yes I also had to pivot upon her return. Sorry, but staying in an empty apt when your other roommates have all returned home simply because u paid for me was not an option. It's already a leap to allow my daughter to live away from me and off campus. 

These are uncertain times, and while we as landlords know this is a business we should also remember we are first flesh and blood.

Less than 2 weeks into March and campus in person classes terminated. So yes I thought with such early notice and you're still getting rent for April, May and June on a lease which expires July 19th was not an unreasonable request. 

Bu hhek, I would be happy too if I could collect rent for all the lease, while the apt sat empty. 

@Anthony Wick.... You clearly missed where I said this was me ranting. I didn't say I expected the landlord to "eat the rent." 

When you have your daughter few states away from you, over 10 hours drive one way then I'll reconsider your input. 

Hi Bpers, hope we're all safe amidst Covid-19.

This is really a rant as while I understand that landlords including myself are running a business and not a charity, I feel frustrated based on my current situation.

So, college has stopped in person classes for the rest of the semester. My daughter's last semester but she could work etc in Arkansas and return home to Georgia either May or July if she continued to work.

With the college close, NW Arkansas jobs not hiring, etc she has returned home. I rented her room here month by month until she would return home. So have to make other accommodations upon her return.

My issue is the apt she rented have no early termination and insists rent have to be paid until July as per her lease. If she finds someone to take over she will pay $375, (rent is $510) to facilitate this.

Nobody is renting now, as she was in the process of trying to get someone to take over her lease but then came Covid-19.

I offered to pay April to June upfront and request a waiver for July or some other solution. They said no. No early release or exceptions.

The apt sits empty, all the other roommates returned home as well but we still have to pay rent until July. I feel this is so unfair.......

So I just heard from another broker who said they also got an email yesterday but the guidelines stated a minimum 620 credit score.. 

@Chris Mason.

Thanks for your response and the article.