[Datafeed]

Originally Posted by dynimagelv

I believe that it is.....a friend did this and told me [I have no FIRST hand knowledge] that Section 8 allows you to require anything you want in the application process....it would be worth looking into ... [it was obvious that the guy around the corner from me never did this.]

anything....so you would evict the family if lil johnny gets a 2.87. This sounds very specious to me....like the ACLU would be licking their chops at such conduct.

not that I disagree with the premise. my place my rules.

[dynimagelv]

Originally Posted by Datafeed

anything....so you would evict the family if lil johnny gets a 2.87. This sounds very specious to me....like the ACLU would be licking their chops at such conduct.

not that I disagree with the premise. my place my rules.

long as they know the rules up front....ACLU doesnt go to bat for stupid.

[SouthernSarah]

So a section 8 family whose children have dyslexia should not be able to rent because even though they are well behaved, try their hardest in school etc, they only get C's? Good Lord. (eyeroll)

[airics]

Originally Posted by SouthernSarah

So a section 8 family whose children have dyslexia should not be able to rent because even though they are well behaved, try their hardest in school etc, they only get C's? Good Lord. (eyeroll)

well you can always rent them YOUR home...with no requirements

[eventusstultorummagister]

Originally Posted by dynimagelv

some of the problems can be averted tho......REQUIRE a school report card for EACH child in the home....REQUIRE a "B" average or above.....theory being that a family with hi performing kids is usually a hi performing family.

The irony is that the landlord's kid probably would not qualify given the criteria.

Judge not.

[dynimagelv]

Originally Posted by eventusstultorummagister

The irony is that the landlord's kid probably would not qualify given the criteria.

Judge not.

my house my judgement

[Datafeed]

Originally Posted by eventusstultorummagister

The irony is that the landlord's kid probably would not qualify given the criteria.

Judge not.

that's really funny.

[Tires]

Originally Posted by 007 license to sell

As a landlord you have to know that most of the residents in Las Vegas have bad credit due to various reasons, foreclosures, short sales and job loss's. You have to look past that and look at their job history and debt to income. I have clients that make 6 figuires but due to their bankruptcies and foreclosures they have bad credit. They make good money but chose to let their homes go due to their property being under water.

You didn't say if you live here, just in case you don't there is a Nevada Law that if you live more than 60 miles from the rental you are to have a property manager for the tenant and the law and fire departments to contact as well as the city if there are complaints. Whether you use a licensed property manager or someone you know you need to have one in place.

You should look at the total credit history, employment history and rental history and not only the FICO number, but you still have to be very careful. If the applicant's credit is already ruined, they don't have much to lose by not paying future bills.
There are many people who have foreclosures and short sales in Las Vegas, but there are many more who never purchased a home and don't have that issue on their credit.
Job loss doesn't mean automatic bad credit for renters. Have some savings in the bank and move if you can't find employment locally. For every person "stuck" in an upside down house and thinks they can't move there are many others who are just choosing not to move.

[alff]

Question for any landlords. So what are your thoughts about renting to pet owners? We had thought it would be ok to rent to a dog owner as long as it is small, but no cats. What do you think about cats?

Thanks in advance

[Packrat1]

I always say I will consider small dogs and or cats. I charge a $500 animal deposit and also specifically list the dog description and name and take a photo of it. I list them in the rental agreement as the only animal allowed. As far as cats go, they can cause a significant amount of damage too ie: urine smell ect.. Be sure to call and verify with the previous landlord if they had that pet in a previous rental and how it worked out. I had a renter who had a cute puppy who destroyed the door frames and cove base. Luckily they moved out without a fight.