Lost Paycard?
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
Lost Paycard? (by GKARL [PA]) Jan 8, 2018 3:03 PM
       Lost Paycard? (by Deanna [TX]) Jan 8, 2018 3:49 PM
       Lost Paycard? (by Ken [NY]) Jan 8, 2018 4:08 PM
       Lost Paycard? (by BRAD 20,000 [IN]) Jan 8, 2018 11:03 PM
       Lost Paycard? (by BRAD 20,000 [IN]) Jan 8, 2018 11:06 PM
       Lost Paycard? (by Shelly [IN]) Jan 9, 2018 12:15 PM
       Lost Paycard? (by GKARL [PA]) Jan 9, 2018 5:23 PM
       Lost Paycard? (by GKARL [PA]) Jan 9, 2018 6:04 PM
       Lost Paycard? (by BRAD 20,000 [IN]) Jan 10, 2018 9:03 PM

Lost Paycard? (by GKARL [PA]) Posted on: Jan 8, 2018 3:03 PM

One of my rooming house tenants claims he lost his paycard. His employer pays by loading funds on a debit card. Sounds suspect to me. Rent was due on Saturday and he claimed his card would be replaced by Monday, so I gave him until Tuesday. My rental agreement provides for a late charge of $ 10 a day which I waived until Tuesday but on Wednesday, I start to assess it. I probably should have assessed it from the Sunday, but thought I'd give a little leeway since the guy had paid on time before.

Do you think he's faking it with me here?

As to the rooming house itself, I've been totally full and with about half of the folks coming up on 8 months of residency with the rest being mostly 3 to 6 months. My newest tenant rented the small 6x9 room I formerly used as an office. He's been there a little over a month. It doesn't appear that anyone is moving soon although there's one of them who's a slob who I may terminate. I think I'll fill his room quickly. It seems that the slow season for rooming houses is the opposite of that for regular rentals. I had more vacancies in the summer than I do in winter. I'm thinking that those who are insecure in their living situations want to ensure they've secured housing during winter. I've not calculated the vacancy rate, but I guess it's less than 3%- 4% and the bulk of that would have been driven by the first month or so trying to get it rented. Once I got rolling, demand has been steady.

Everyone continues to get along for the most part however once they get settled, they tend to be protective of their spaces. Also, there's a bit of anxiety that occurs whenever someone new arrives until everyone is settled in and accustomed to each other. This coming April will be a year running this. From a management standpoint, it's not been bad at all and the time spent is minimal. This past week, I spent about an hour collecting rent and dealing with a washer malfunction.

I've been very fortunate with regard to tenants also as there have been no crazies; just one slob who I may fire.


Lost Paycard? (by Deanna [TX]) Posted on: Jan 8, 2018 3:49 PM

Had a guy who got his SS loaded onto a card. It took a good 2 months to get it figured out after he lost it. Don't know how much of that was "running at the speed of govt" vs how much of that was "I'm on a fixed income and ran into trouble so this is a good excuse." --166.137.xxx.xx

Lost Paycard? (by Ken [NY]) Posted on: Jan 8, 2018 4:08 PM

Who cares either way about the card? he either pays or he moves.When I had my rooming houses you are correct about demand being backwards,the first good cold snap and people literally went to the welfare office looking for a room because it was too cold to sleep in the car anymore,i would watch the weather report and the next morning I would tell my secretary to expect the case workers to be calling --72.231.xxx.xxx

Lost Paycard? (by BRAD 20,000 [IN]) Posted on: Jan 8, 2018 11:03 PM


Congrats on making this work! I love hearing the updates in real time!

Compile these into a booklet!

6x9 WOw! My son's dorm room at Purdue (Cary Quad) was 8x10, originally designed for one student but doubled up due to need, so he shared this room with a roommate and roomie's frequent girlfriend!

I could live in a 6x9! Better than a car or tent!

BRAD --68.51.xx.xxx

Lost Paycard? (by BRAD 20,000 [IN]) Posted on: Jan 8, 2018 11:06 PM

Too quick...

Round here the paycards are a debit card on a checking account. They can withdraw money either way. Have him talk to the bank about pulling from the checking account.

Yes, I too am suspicious. His buddies would know how to get to their money adn he's not the first person to lose a card.

BRAD --68.51.xx.xxx

Lost Paycard? (by Shelly [IN]) Posted on: Jan 9, 2018 12:15 PM

One of my golden rules I tell tenants...dont let YOUR problems become MY problems. --64.184.xxx.xxx

Lost Paycard? (by GKARL [PA]) Posted on: Jan 9, 2018 5:23 PM

He settled today so I guess he was telling the truth. Doesn't matter one way or the other. Depending on the situation, I'll allow one penalty free late payment for tenants with tenure. This guy has been with me since I opened and hasn't been a problem. --172.56.xx.xxx

Lost Paycard? (by GKARL [PA]) Posted on: Jan 9, 2018 6:04 PM

BTW Brad, I'm an graduate of Indiana University; the main rival of Purdue. --207.172.xx.xxx

Lost Paycard? (by BRAD 20,000 [IN]) Posted on: Jan 10, 2018 9:03 PM


I'm in Cummins town just east of IU.

Studied with Dr William Adam (world renown) on trumpet at IU part time '71-77. If you ever went by the old music building and heard LOUD trumpets, that was us!

When were you there?

BRAD --68.51.xx.xxx

Subject: RE: Lost Paycard?
Your Name:
Your State:

Lost Paycard?
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: