 cash for keys pt2 (by bet [MA]) Sep 2, 2018 2:32 PM
 cash for keys pt2 (by Dan [NY]) Sep 2, 2018 3:40 PM
cash for keys pt2 (by Jeff [CO]) Sep 2, 2018 5:35 PM
cash for keys pt2 (by cjo'h [CT]) Sep 2, 2018 5:46 PM
cash for keys pt2 (by bet [MA]) Sep 2, 2018 7:09 PM
cash for keys pt2 (by Jeff [CO]) Sep 2, 2018 7:19 PM
cash for keys pt2 (by bet [MA]) Sep 2, 2018 7:34 PM
cash for keys pt2 (by Jeff [CO]) Sep 2, 2018 7:37 PM
cash for keys pt2 (by JB [OR]) Sep 2, 2018 9:10 PM
cash for keys pt2 (by fred [CA]) Sep 3, 2018 5:15 AM
cash for keys pt2 (by fred [CA]) Sep 3, 2018 5:27 AM
cash for keys pt2 (by WMH [NC]) Sep 3, 2018 5:28 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 5:59 AM
cash for keys pt2 (by Hammer [TN]) Sep 3, 2018 6:09 AM
cash for keys pt2 (by bet [MA]) Sep 3, 2018 7:12 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 7:44 AM
cash for keys pt2 (by LindaJ [NY]) Sep 3, 2018 8:04 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 8:19 AM
cash for keys pt2 (by Ken [NY]) Sep 3, 2018 8:43 AM
cash for keys pt2 (by JB [OR]) Sep 3, 2018 8:47 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 8:51 AM
cash for keys pt2 (by JB [OR]) Sep 3, 2018 9:26 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 9:27 AM
cash for keys pt2 (by elliot [RI]) Sep 3, 2018 9:37 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 9:43 AM
cash for keys pt2 (by Ken [NY]) Sep 3, 2018 9:53 AM
cash for keys pt2 (by Tom [FL]) Sep 3, 2018 9:53 AM
cash for keys pt2 (by Tom [FL]) Sep 3, 2018 9:53 AM
cash for keys pt2 (by WMH [NC]) Sep 3, 2018 9:58 AM
cash for keys pt2 (by wmh [NC]) Sep 3, 2018 9:59 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 10:01 AM
cash for keys pt2 (by elliot [RI]) Sep 3, 2018 10:34 AM
cash for keys pt2 (by Jeff [CO]) Sep 3, 2018 10:54 AM
cash for keys pt2 (by Jason [VA]) Sep 3, 2018 12:03 PM
cash for keys pt2 (by Dan Mason [UT]) Sep 3, 2018 12:20 PM
cash for keys pt2 (by JB [OR]) Sep 3, 2018 5:17 PM
cash for keys pt2 (by J [FL]) Sep 8, 2018 9:04 AM
cash for keys pt2 (by Jeff [CO]) Sep 8, 2018 10:13 AM
cash for keys pt2 (by cjo'h [CT]) Sep 8, 2018 12:54 PM
cash for keys pt2 (by bet [MA]) Posted on: Sep 2, 2018 2:32 PM
Message:
Returned last month rent. Kept security deposit (full month's rent). They left friday 31st afternoon. The cleaners were in there an hr after they left. Carpet cleaners the next morning and meeting with the painters. Today got an excellent tenant who will move in 5 days after the 1st. Collect 3 x the rent. We got lucky but we also cut our loses ASAP. The amount of damage they did in one short month was horrifying. Hate to think what it would look like any longer. --108.20.xxx.xxx |
cash for keys pt2 (by Dan [NY]) Posted on: Sep 2, 2018 3:40 PM
Message:
What did they do to the unit? Did you screen them before they moved in? We do a sunrise inspection before approving anyone. It is usually a form that needs to be filled out or a follow up question. --68.192.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 2, 2018 5:35 PM
Message:
Terrible landlording. Rewarding bad tenants puts THEM in charge and leaves you with a reputation for for being a soft, weak landlord. But that doesn't really matter. Landlords who do the cash-for-keys nonsense, instead of holding the tenants liable, means that other landlords will then have to deal with these clowns. --98.245.xx.xx |
cash for keys pt2 (by cjo'h [CT]) Posted on: Sep 2, 2018 5:46 PM
Message:
Bet,I come from Northern Ireland and it's against my religion to give anyone money back,especially some galoot who stiffed me........charlie......................I do know what I would give them,but ,I really can't say here.........charlie...................................................................... --32.214.xxx.xx |
cash for keys pt2 (by bet [MA]) Posted on: Sep 2, 2018 7:09 PM
Message:
Jeff it is not terrible landlording, it is good business. Reputation, what reputation, this isn't high school. I mitigated damages as per my responsibility. regained possession of my property far sooner than the courts would allow with a lot less damage to my property. and re rented to a far better tenant. That is good business. --108.20.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 2, 2018 7:19 PM
Message:
There's the easy way and there is the right way. Some folks just take the easy way, and that works for them. Others hold the tenant to the terms of their lease.
If you go the proper route, then the tenant has an eviction on their record for the next landlord to see clear as daylight.
So by taking the cheap route of handing out cash, you jack up the next landlord. And one day, the landlord that gets jacked up is you.
If a tenant does us wrong, we evict. Every time. And we have a reputation for being ones who will take to the mat, no matter how long it takes or what it costs. As a result, lease violations are very rare. --98.245.xx.xx |
cash for keys pt2 (by bet [MA]) Posted on: Sep 2, 2018 7:34 PM
Message:
I dont want hold the tenant to the terms of the lease, I want him off my property before he burns the place down and maybe kills others on the process.
I am supposed to worry about the next landlord while this guy kicks my umbrella policy into effect? Tenant is getting high on a 2x4 section of a 3rd floor roof, burning holes in my carpet, punching holes in my walls and doors and leaving the back door to my building open for all his druggies friends coming and going. My 1st responsibility is to my property not waiting the next 8 weeks to get him out via the court, risking him burning down my building. Jeff you dont know what you are talking about. My job is to protect my assets not to worry about whoever this guys rents from. --108.20.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 2, 2018 7:37 PM
Message:
I know a lot more about this business than you do (obviously).
There's this gem:
"...before he burns the place down and maybe kills others on the process."
Great screening! LOL! --98.245.xx.xx |
cash for keys pt2 (by JB [OR]) Posted on: Sep 2, 2018 9:10 PM
Message:
This definitely looks like a major screening problem. Why was this tenant so horrible? And why do you think the next tenant is going to be "excellent?" --50.45.xxx.xxx |
cash for keys pt2 (by fred [CA]) Posted on: Sep 3, 2018 5:15 AM
Message:
Jeff.
1. You know that evictions can be erased off someone's credit check for $$.
2. You know what they cost and how long they take, in a state like MA.
3. You know how expensive fixing can get.
4. You know that bet[MA] only wants the property back, fix it quickly and re-rent it.
I'm not trying to defend bet, this is not a court here, but your arguments may work for you, and that's fine.
I am willing to try Cash for Key the next time I have a bad tenant. --99.59.x.xxx |
cash for keys pt2 (by fred [CA]) Posted on: Sep 3, 2018 5:27 AM
Message:
Jeff, I forget to mention this as well:
Screening is useful, but...
- Not conclusive, many events can be deleted, abd reports get washed.
- It's a view, or partial view on someone's PAST. Can you predict the future by the screening? Most tenants live paycheck to paycheck, with no savings, and only an inch away from default. So even solid looking tenants can become weak looking tenants overnight.
One car accident, one body injury, one visit to ER, one firing from the job - and they stop rent payments, become hostile or non-communicative and destructive.
FYI, I've been a LL since 1976. --99.59.x.xxx |
cash for keys pt2 (by WMH [NC]) Posted on: Sep 3, 2018 5:28 AM
Message:
Jeff/CO, you can run your business as you see fit, and BET can do the same. In some circumstances, cash4keys makes perfect business sense. Going to the mat no matter what may float your boat, but it's not always a good idea. --50.82.xxx.xx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 5:59 AM
Message:
I agree, JB. Or maybe this guy just has some sketchy properties in an air where this kind of thing happens, and this is a normal tenant! :) --98.245.xx.xx |
cash for keys pt2 (by Hammer [TN]) Posted on: Sep 3, 2018 6:09 AM
Message:
I think cash for keys can be a valuable tool.
If they do not follow the agreement to the letter, broom clean and no damage, then get them out and file against them anyway.
A druggie on the roof is likely uncollectable, so you have to decide if its worth fooling with. --137.119.xxx.xxx |
cash for keys pt2 (by bet [MA]) Posted on: Sep 3, 2018 7:12 AM
Message:
This bad tenant had excellent credit. 3 xs the rent at move in. A good Job that was 3 xs the rent. Stated he did not smoke on his application. Was enrolled in the local college as a senior. I knew his boss. What I did not know was he was a massive pot head. In case you are not familiar with MA laws. Its all legal here now. 6 plants per person, you can walk into store now and buy it, no need for medical reason. This is going to be a real problem for MA landlords. --108.20.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 7:44 AM
Message:
Yes, weed users are known for burning down buildings and killing people. :)
Except here in Colorado, where it has been legal for 6 years. I guess we're just lucky!
--98.245.xx.xx |
cash for keys pt2 (by LindaJ [NY]) Posted on: Sep 3, 2018 8:04 AM
Message:
I am glad some of you have never missed something in screening or had something go wrong with a tenant. As I have said the great thing about this forum is you find what can work for you because we hear about what works for others all over North America.
ELT fee compensates LL for tenant leaving. Happy clause lets a PITA tenant go for LL peace and ability to rent to someone better. Cash4keys is incentive for tenant to leave, giving possession back to LL quickly, easily and before things really go bad. M2M allows the LL to just give notice to get rid of a tenant, or raise the rent to make it worth their while. They all have their place in our business and everyone can choose to use them or not.
Everyone has to find what works for them in any given situation in their particular house, area and state. Given bet situation, I probably would have done the same thing. Way too much aggravation and time to go to court, especially when you just don't want to deal with them for the rest of the lease.
Good for you bet! --108.44.xx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 8:19 AM
Message:
Everyone has to do what works for them. If you want to reward tenants for bad behavior, go for it.
There are plenty of stronger landlords who don't roll over and who have built our businesses to the point where we can afford to stand our ground and not give control to the tenants.
Lots of landlords allow grace periods for late rent, don't charge late fees, delay repairs, etc. That's their right!
--98.245.xx.xx |
cash for keys pt2 (by Ken [NY]) Posted on: Sep 3, 2018 8:43 AM
Message:
Bet,why is pot being legal in your state going to be a real problem for landlords in your state?i have primarily rented class c units for 30 years and a lot of them smoke pot,i don't care if they smoke cigarettes or pot in my units since the next tenant usually smokes also.Pot heads don't cause me any more problems than anyone else in my units. --72.231.xxx.xxx |
cash for keys pt2 (by JB [OR]) Posted on: Sep 3, 2018 8:47 AM
Message:
Almost all the potheads I've seen are more interested in getting high than getting and keeping a job. You're getting productive potheads? I'd love to know how. --50.45.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 8:51 AM
Message:
That's where screening comes in. If someone has good rental history, a good job, and a credit score of, say, 700, why should I care what they ingest? --98.245.xx.xx |
cash for keys pt2 (by JB [OR]) Posted on: Sep 3, 2018 9:26 AM
Message:
Uh, because they are likely smoking in your house! --50.45.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 9:27 AM
Message:
Not in my house, and not in my apartment buildings. --98.245.xx.xx |
cash for keys pt2 (by elliot [RI]) Posted on: Sep 3, 2018 9:37 AM
Message:
Jeff of CO, maybe it needs to drill into your head that not every one has stellar properties and stellar cashflows or stellar/impeccable landlording track record.
Why don't you try one in low income/war zone and see how/if it is luck or righteousness or business sense?
Most long timer would advise to skip the posts you don't want to read, it just annoys the heck out of me after reading through this one (I am having Bell's Palsy and Fibromyalgia at the same time) and had to vent..
sorry for those of you who don't want to see this.. --71.232.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 9:43 AM
Message:
OP: "Most long timer would advise to skip the posts you don't want to read."
And then proceeds to read posts he doesn't want to read! LOL!
You're just one of the types who just can't stand it when someone has a view that doesn't align with yours. --98.245.xx.xx |
cash for keys pt2 (by Ken [NY]) Posted on: Sep 3, 2018 9:53 AM
Message:
JB,most of my units are class c so I cant be that picky,i am looking for the tenants who are better than average for the area but still wouldn't want most of them in class b or certaintly class a units.I also don't care if they smoke in my units because 75% have someronme in the household who does and if I turned down smokers I wouldn't fill units very fast.I rent a lot of units to people getting SSI and SSD checks and no there is not much ambition in that crowd but I get the rent so I don't care if they go to work or not everyday --72.231.xxx.xxx |
cash for keys pt2 (by Tom [FL]) Posted on: Sep 3, 2018 9:53 AM
Message:
Bet of MA, Congrats on removing a bad tenant ASAP.
Bet you mentioned this tenant had a great credit. Did you check crime, call previous landlord, in home check.
The pot factor is not the scapegoat in this case UNLESS this tenant was doing a synthetic mj. NOW this will create an increased problem.
Check your screen process and there may be something missed.
Bet the best thing is you got the problem out of the unit sooner rather than waiting for the court process. PLUS MA is pro tenant state so cash fir keys worked for you. Congrats!!! --99.56.xx.xx |
cash for keys pt2 (by Tom [FL]) Posted on: Sep 3, 2018 9:53 AM
Message:
Bet of MA, Congrats on removing a bad tenant ASAP.
Bet you mentioned this tenant had a great credit. Did you check crime, call previous landlord, in home check.
The pot factor is not the scapegoat in this case UNLESS this tenant was doing a synthetic mj. NOW this will create an increased problem.
Check your screen process and there may be something missed.
Bet the best thing is you got the problem out of the unit sooner rather than waiting for the court process. PLUS MA is pro tenant state so cash fir keys worked for you. Congrats!!! --99.56.xx.xx |
cash for keys pt2 (by WMH [NC]) Posted on: Sep 3, 2018 9:58 AM
Message:
I have just read about Personal Capital. Supposedly better than sliced bread. --50.82.xxx.xx |
cash for keys pt2 (by wmh [NC]) Posted on: Sep 3, 2018 9:59 AM
Message:
whoops wrong thread. --50.82.xxx.xx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 10:01 AM
Message:
You need to take it to the sliced bread thread, instead! :) --98.245.xx.xx |
cash for keys pt2 (by elliot [RI]) Posted on: Sep 3, 2018 10:34 AM
Message:
"You're just one of the types who just can't stand it when someone has a view that doesn't align with yours."
Having a different opinion/view is quite alright.. I am one of the types who can't stand my-way-or-highway type of condescending/bemeaning posts, and the type who stands on moral high ground and force down other's throat. (I do that to undesirable teni all the time, but never to a fellow landlord)
If I misread your posts, I apologize.. --71.232.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 3, 2018 10:54 AM
Message:
I hear you, Elliot. You're right - sorry about that. I get on my high horse sometimes about hot button topics and and get a little carried away. This is one of 'em. I quick check on the web shows that I'm not the only who sees red over this.
Anyway, your points are well taken.
--98.245.xx.xx |
cash for keys pt2 (by Jason [VA]) Posted on: Sep 3, 2018 12:03 PM
Message:
I believe it was NE that mentioned this in a previous thread, but it would be a good solution here: Use cash 4 keys FOLLOWED by a following through with the eviction. That way the judgement will be on the deadbeat's record.
Simple solution that works for the present and future landlords.
Smart business- check.
protecting your assest- check
warning future landlords -check
getting into a catty argument on the internet- really???
--73.177.xxx.xx |
cash for keys pt2 (by Dan Mason [UT]) Posted on: Sep 3, 2018 12:20 PM
Message:
I agree that it's a bad idea.
Cash for keys is a good idea when you are selling a place and want the people out, or if you want them out for some other reason in which the tenant hasn't violated the lease. For any other reason you might as well turn in your landlord card.
As others have pointed out it pushes a problem tenant down the road and keeps an eviction off their record. The thing is, their enablers could deservedly wind up with a tenant who just was bought out by another LL. --73.95.xxx.xx |
cash for keys pt2 (by JB [OR]) Posted on: Sep 3, 2018 5:17 PM
Message:
Not only that but it also encourages bad tenant behavior. They know that if they act badly enough someone may just offer them $ to go away. Why encourage that behavior? --50.45.xxx.xxx |
cash for keys pt2 (by J [FL]) Posted on: Sep 8, 2018 9:04 AM
Message:
Are you sure it's just weed he's using? This guy sounds completely out of control. He didn't have any arrests in his past when you screened him?
--72.188.xxx.xxx |
cash for keys pt2 (by Jeff [CO]) Posted on: Sep 8, 2018 10:13 AM
Message:
I doubt there was much screening going on there. :) --98.245.xx.xx |
cash for keys pt2 (by cjo'h [CT]) Posted on: Sep 8, 2018 12:54 PM
Message:
WMH, slised bread is good,I wouldn't buy it any other way,nice with chicken soup.....................charlie............................................maybe would help Elliot........................... --32.214.xxx.xx |
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