Picking a tenant (by Nick [TX]) Jun 23, 2015 5:32 AM
Picking a tenant (by LisaFL [FL]) Jun 23, 2015 5:46 AM
Picking a tenant (by CTLL [CT]) Jun 23, 2015 6:00 AM
Picking a tenant (by Dawn [GA]) Jun 23, 2015 6:17 AM
Picking a tenant (by Ellie [IL]) Jun 23, 2015 6:28 AM
Picking a tenant (by Jim in OC [CA]) Jun 23, 2015 6:33 AM
Picking a tenant (by Nick [TX]) Jun 23, 2015 6:45 AM
Picking a tenant (by Lynda [TX]) Jun 23, 2015 8:03 AM
Picking a tenant (by Nick [TX]) Jun 23, 2015 9:44 AM
Picking a tenant (by AllyM [NJ]) Jun 23, 2015 10:13 AM
Picking a tenant (by Omg [TX]) Jun 23, 2015 10:43 AM
Picking a tenant (by DIXIE [KS]) Jun 23, 2015 11:44 AM
Picking a tenant (by Jen Z. [CT]) Jun 24, 2015 12:47 PM
Picking a tenant (by Sheri [MO]) Jun 25, 2015 9:25 AM
Picking a tenant (by Nick [TX]) Posted on: Jun 23, 2015 5:32 AM Message:
I got 2 applications in hand, submitted the same day
A) good income, good rental history but they smell like picky tenants.. wanted to move out my stove & fridge and use their own, pointing at a few things in the house ( the house was completely remodeled 3 years ago, new carpet, not like new but in good condition) .. they got good savings willing to pay 6 months rent up front to get the house.. but I just have a gut feeling that they might be trouble tenants down the road.. they should be able to qualify for a much pricier home in the neighborhood..
B) Marginal income, barely meet my requirement. good rental history. very pleasant.. wiling to pay 2 months rent and deposit up front.. but obviously income wise he is not as strong as the A family.
both have kids and no pets.
My gut feeling is go with (B) .. feels like I will have less headache with B, but at the same time, wondering if 2 months rent (first and last) plus 1 month deposit is a good safety net .. Texas eviction probably takes 20 days, and the house is in a got rental market, I can get it filled in 1-2 weeks.
thanks for your thoughts
--70.123.xxx.xxx |
Picking a tenant (by LisaFL [FL]) Posted on: Jun 23, 2015 5:46 AM Message:
I'd pick "A". Income and ability to pay is important. Marginal means difficulties down the road.
They asked to use their own appliances? I see that as a plus. If they have them they may just not want to store them, maybe they'd rather use their own because they know their history.
I don't do glass top stoves so I've had tenants use their own. Sometimes new tenants seem picky but they're just nervous and point things out so you won't blame them for them later. I'm generous regarding wear and tear but some landlords are very, very picky and they may have had a bad experience in the past or know others who have. --65.35.xx.xxx |
Picking a tenant (by CTLL [CT]) Posted on: Jun 23, 2015 6:00 AM Message:
No, No, No. I would not choose either applicant.
First tenant wants to take over and put in his own appliances. What will be the next thing he wants to do after he settles in. I would not store my own appliances. When I rent, what you see, is what you get. No changes, no different paint colors. They already indicated other changes. Don't let 6 months rent up front sway you.
Second tenant does not have sufficient income. Sure, he will pay rent 2 months up front. Then what? Where is your credit report? Where is your rental history on both applicants. Keep looking until you get what your criteria requires. --72.200.xxx.xx |
Picking a tenant (by Dawn [GA]) Posted on: Jun 23, 2015 6:17 AM Message:
Be patient Nick......and never ignore you gut instinct. I saw 25 applicants before "The One" walked in. And I am soooo happy I waited. My tenant is wonderful AND they are renewing in just a few weeks. If the rental market is good, wait for the right one.....it will be worth it in the long run. --65.190.xx.xxx |
Picking a tenant (by Ellie [IL]) Posted on: Jun 23, 2015 6:28 AM Message:
All I can say is wow. I have tenants all the time that want their own appliances. Why should they pay storage? And check with prior landlords. Did they have a problem? You are thinking about walking away from a qualified tenant because of your gut. Why not double check your gut out instead? And never pick a tenant because you like them. Pro tenants are some of the most likable tenants you would ever want to meet - just before they get nasty --107.77.xx.xxx |
Picking a tenant (by Jim in OC [CA]) Posted on: Jun 23, 2015 6:33 AM Message:
Window B. After 40 + years my gut is spot on. --108.95.xx.xxx |
Picking a tenant (by Nick [TX]) Posted on: Jun 23, 2015 6:45 AM Message:
Thanks for all the advice!! --70.123.xxx.xxx |
Picking a tenant (by Lynda [TX]) Posted on: Jun 23, 2015 8:03 AM Message:
I would also go with my gut--but my gut tells me neither of these. This is one of the reasons I use the credit check as the last of my due diligence. First I would have done a home-check before I even ran their credit. Go to their home and see how they presently live--condition, cleanliness, animals in the back yard?
AND, offering 6 months rent in advance is also a red-flag. I would wonder why they have so much cash in hand and why would they so readily give it away when they don't have to. It's a like applying type of pressure, controlling you thru greed. AND IF you take 6 mo rent in advance, and for some reason you need to get rid of them earlier--you will not be able to evict. They will have staying rights for the whole 6 months.
Money isn't everything. Wait--someone better will come along. --99.158.xxx.xxx |
Picking a tenant (by Nick [TX]) Posted on: Jun 23, 2015 9:44 AM Message:
What would be a proper way/safe way to reject A? since their income and rental history qualify..
As far as gut feeling, I was right about A ..I tracked down the owner of their apartment, though they were paying on time and everything. they are definitely headache tenants.. the owner left it blank to my question-- "did they make unreasonable requests to the management?" and we had a "nice" chat about it.
thanks! --70.123.xxx.xxx |
Picking a tenant (by AllyM [NJ]) Posted on: Jun 23, 2015 10:13 AM Message:
Taking A means that you might have to work a little more but you will get your rent as long as the credit check and job are OK. I would take a for a better property and B for a lesser one. --73.33.xxx.xxx |
Picking a tenant (by Omg [TX]) Posted on: Jun 23, 2015 10:43 AM Message:
you say you are in hot mkt-why waste your time with either applicant. --166.137.xxx.xxx |
Picking a tenant (by DIXIE [KS]) Posted on: Jun 23, 2015 11:44 AM Message:
Proper way to reject A? Poor landlord references! That's #1 in my book. Remember "the best prediction of FUTURE behavior if PAST behavior". --67.143.xx.x |
Picking a tenant (by Jen Z. [CT]) Posted on: Jun 24, 2015 12:47 PM Message:
I would not say "poor landlord references" because then they could go back on the previous landlord and he was helping you. "We decided to go with the other applicant." I have a whole list of criteria that I give to applicants and make sure that I state that not one particular criteria is given special weight. --209.255.xxx.xxx |
Picking a tenant (by Sheri [MO]) Posted on: Jun 25, 2015 9:25 AM Message:
I would keep looking. You obviously have reservations about both applicants.
As for the appliances, I moved a stove into storage for a tenant so that they could use their own. After they moved out I had the stove put back in the house only to find out that mice had made nests in the back side of the oven. When heated the smell of mice urine and poo was horrible, now way to clean. We ended up throwing out a stove that was less then 3 years old. I no longer let tenants move out the kitchen appliances. New stove was almost $600. Never again! --162.253.xx.xxx |
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