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Does your landlord (who is a freaking genius, by the way) require you to submit your employment and income information on a yearly basis? No, he doesn't. Katie's does because she's living off the govt and that's what they require.
Do your research, landlords commonly require their applicants to have income 3x or 4x (or more) the rent.
How can these landlords NOT requalify their tenants annually? If they do not requalify their tenants annually, then isn't 3x or 4x a meaningless requirement NOT related to ability to timely pay rent? What's to stop applicants from gaming their rental apps by working extra for six months to get to the magic qualifying income?
You can do that in the rural area but then you want the convenience of being in town. Something have to give here. You can't expect to have it all and blame it to the government.
Being able to get to my job and my doctor is important to me.
Do your research, landlords commonly require their applicants to have income 3x or 4x (or more) the rent.
How can these landlords NOT requalify their tenants annually? If they do not requalify their tenants annually, then isn't 3x or 4x a meaningless requirement NOT related to ability to timely pay rent? What's to stop applicants from gaming their rental apps by working extra for six months to get to the magic qualifying income?
Do your research....landlords (private and/or corp) do NOT require you to requalify annually. The ones that do are those that are income based...sec8, public housing..etc.
Do your research, landlords commonly require their applicants to have income 3x or 4x (or more) the rent.
How can these landlords NOT requalify their tenants annually? If they do not requalify their tenants annually, then isn't 3x or 4x a meaningless requirement NOT related to ability to timely pay rent? What's to stop applicants from gaming their rental apps by working extra for six months to get to the magic qualifying income?
*sigh* I require 3x times the rent - I think that's pretty standard. I also factor in past rental history and general credit history. I've never required a recertification, the most I require is a walkthrough before renewal.
Yes, I suppose you could game you application - but what I don't understand is why you would want to. I've never feel comfortable spending anywhere near what the bank is willing to give us on a mortgage when we have shopping for a home for ourselves.
How come I've never seen residential rent negotiated? Why is it always dictated as a take-it-or-leave-it proposition?
What is there to negotiate? When I have a rental go on the market - the price is already set by the local market. For there to be negotiation - the tenant would have to offer me something for more favorable terms on the rental. I've never had a property that needed any sort of "caretaking" by the tenant so that's out, and I'm running a for-profit business so I'm not lowering prices based on "hard luck" stories.
Frankly, I think negotiating on a tenant by tenant basis is a quick way to get into a lawsuit. Our market is a little different here though - I basically hold an open house on a weekend and take applications. I timestamp all the completed applications and rent to the first one who meets all the requirements even though they might not be my first choice for personal reasons.
I have never personally negotiated on rent, but in my area I have heard that over the November December holiday season when things are slow, some landlords will negotiate up to 5% off the listed rent in order to get the unit occupied faster, rather than have the unit sit vacant for a month or two. During the summer, no one dare negotiate. If you like the unit, put in an application immediately or it may not still be there later that afternoon, and if you don't like the rent rate, someone else surely will.
??? ??? If I can afford to buy a 400 sq ft house and its land, but the zoning does not allow the independent sale of said property, how does it have NOTHING to do with zoning laws?
How does it have NOTHING to do with the fact that you make no money? That you are fixated on a particular area and refuse to consider moving? That your credit is shot? That you "believe" that you can afford this mystical tiny house on a tiny lot, but in reality couldn't anyway.
BZZT! In many areas you will have a difficult time finding a tenant who makes $6000 a month because in those areas people who earn $6000/month own homes.
Considering my rent is ranges from 2500 - 3500 a month it isn't too hard finding tenants that make $6k a month.
They just happen to not be broke losers that complain about landlords. They WANT to live in my place and I usually even underprice the market so I get bidding wars on my rent.
Do your research, landlords commonly require their applicants to have income 3x or 4x (or more) the rent.
How can these landlords NOT requalify their tenants annually? If they do not requalify their tenants annually, then isn't 3x or 4x a meaningless requirement NOT related to ability to timely pay rent? What's to stop applicants from gaming their rental apps by working extra for six months to get to the magic qualifying income?
Hm, the last time I rented I had ZERO income, having recently moved to a new area and hadn't found a job yet.
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