10-10-2013, 05:05 PM
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Reputation: 453
Quote:
Originally Posted by
nyc2020
they would be in transition as part of a relocation. ideally, they would have a job offer on hand but it's very possible they will just have to move out there without a job. credit is not a problem and they would have hundreds of thousands in liquid assets (savings acct & stocks)
Oh, well, this completely changes the situation
. Private landlords are easier to work with than management companies. My previous landlord was super nice. When a tenant lost his job, she gave him 2 months free rent. A management company would not do that. My landlord would consider applications with this type of situation, because it's a reasonable transition period.
I thought of offering advance rent payments, but I think they'd need to pay for more than just the first few months. My mother-in-law had a tenant who paid one year's worth of rent in advance! I wondered what kinda criminal activity they were going to conduct at the house, but they turned out to be great tenants. They had good credit, but offered the advance payment themselves and even did it again the following year.
10-11-2013, 09:07 PM
Location: RSM
5,113 posts, read
19,766,781 times
Reputation: 1927
Quote:
Originally Posted by
nyc2020
do landlords and mgmt companies generally rent out to a family if they have adequate in cash savings although neither of the parents are employed at the time of move-in?
I have seen things like prepaying for the year long lease. I've heard things like putting a significant amount of funds into escrow(never seen).
10-11-2013, 11:54 PM
28,115 posts, read
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Reputation: 23268
Quote:
Originally Posted by
NeuroSigh
Wife and I are considering renting a house in Orange, while we save some cash for buying in a year. We're more than qualified to rent this place. Our incomes are strong and we have solid jobs. Credit is over 750. No kids. Is it reasonable to negotiate the rent? There are a few drawbacks with the house, so it's not ideal.
The last tenant negotiated 2 years without a rent increase...
I had no problem doing this and it was very important to them because they had experienced renting with 6 month leases and didn't like it at all... several rent increases over a short time period.
I'm renting a 5 bedroom home to a retired couple... they loved the location and showed me what they were paying somewhere else... I just got the home redone after the last family with 6 boys destroyed the place... spent over $600 just on window screens plus every door had problems... and they set the living room carpet on fire when a log rolled... yes, they did pay for the damages... still, it was a major pain.
I discounted the rent 10% and the last two years have been heaven!!!
When I'm up there way on business they insist I stay with them... they have lots of room and so far I've stay two nights and love how they take care of the place.
It comes down to what do you bring to the table compared to the competition.
Just one word of warning...
An old property manager didn't like to rent to those with outstanding credit and income because she veiwed them as short-timers and turnovers cost money!
10-12-2013, 01:26 AM
36 posts, read
55,715 times
Reputation: 16
Quote:
Originally Posted by
Ultrarunner
Just one word of warning...
Bingo. We actually lost the property to a family of four (place was 1200 sqft and 1 bath
). I mentioned to the agent that our plan was to squirrel away for the year and then buy. I can't think of any other reason we didn't get the place, particularly as it was before any formal contract or negotiations. Lesson learned, I guess.
10-12-2013, 09:43 AM
28,115 posts, read
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Reputation: 23268
This is one reasons students often have a hard time even with parents cosigning...
10-14-2013, 03:16 AM
Location: In a house!
193 posts, read
309,933 times
Reputation: 80
I have rented and I have owned... I'll never rent again.
10-14-2013, 11:26 AM
823 posts, read
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Reputation: 453
My MIL is going through this now as she finds a tenant for the house she used to live in. An applicant said they would like to sign a 1-year lease, but are planning to buy. If they end up moving before the year is over, they're willing to pay a fee or lose part of their security deposit. What do I think, she asked?
I was in the same boat as this applicant and as neurosigh, so I can empathize, but I told mom the tenants will have to pay for the remainder of the lease if they move early and the security deposit shouldn't be used to cover this. Mom is spending so much money to fix up the house.
This whole fixing-up-the-rental and dealing with people business is making mom's husband reconsider their plans to buy another rental property. I don't blame them
to NeuroSigh--there are landlords out there who are willing to rent month-to-month. My previous landlord did month-to-month to make it easier for her to get rid of new tenants who end up being a nightmare. She never had this problem at the complex I was at, but her other complex, a much larger one, had problems.
10-14-2013, 11:58 AM
28,115 posts, read
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Reputation: 23268
Quote:
Originally Posted by
russlancea
My MIL is going through this now as she finds a tenant for the house she used to live in. An applicant said they would like to sign a 1-year lease, but are planning to buy. If they end up moving before the year is over, they're willing to pay a fee or lose part of their security deposit. What do I think, she asked?
I was in the same boat as this applicant and as neurosigh, so I can empathize, but I told mom the tenants will have to pay for the remainder of the lease if they move early and the security deposit shouldn't be used to cover this. Mom is spending so much money to fix up the house.
This whole fixing-up-the-rental and dealing with people business is making mom's husband reconsider their plans to buy another rental property. I don't blame them
to NeuroSigh--there are landlords out there who are willing to rent month-to-month. My previous landlord did month-to-month to make it easier for her to get rid of new tenants who end up being a nightmare. She never had this problem at the complex I was at, but her other complex, a much larger one, had problems.
Just remember the landlord is generally required to mitigate damages... so collecting to the end of the lease with the unit empty and not trying to actively find a replacement tenant would be a problem where I live.
Some will have a clause for liquidated damages or lease buyout fee of two months rent...
In my State Security is always refundable if the unit is returned in like condition less normal wear and tear and no monies are owed...
The only thing that matters is the law where the rental is located...
10-14-2013, 12:47 PM
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Reputation: 453
Quote:
Originally Posted by
Ultrarunner
Just remember the landlord is generally required to mitigate damages... so collecting to the end of the lease with the unit empty and not trying to actively find a replacement tenant would be a problem where I live.
You're right...mom would have to try and find a replacement tenant if her current moved out early. I'll let mom know about the 2 months rent buyout fee, but that just seems like such a hassle still. Her last tenant had a dog that did do some damage, so I hope mom kept some or all of the deposit to cover the repair cost.
Hope mom can find good tenants like the retired couple you got. If she does, I hope she doesn't raise the rent on them. I used to hate handing out rent increases when I was an apt manager. I know, my husband often said I took the job too personally, but it was just hard thinking that the super great tenants might leave over an extra $25/month. Good tenants are hard to come by.
10-14-2013, 01:48 PM
28,115 posts, read
63,680,034 times
Reputation: 23268
Quote:
Originally Posted by
russlancea
You're right...mom would have to try and find a replacement tenant if her current moved out early. I'll let mom know about the 2 months rent buyout fee, but that just seems like such a hassle still. Her last tenant had a dog that did do some damage, so I hope mom kept some or all of the deposit to cover the repair cost.
My philosophy on my own rentals is different than managing for others where the question is not if the rent was going up... just how much.
Having great long term tenants is well worth to me to forego the automatic annual increase...
Last edited by Ultrarunner; 10-15-2013 at 12:24 AM ..
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Housing units in structures - 1, detached (%)
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Housing units in structures - 20 to 49 (%)
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People in Group quarters - Homes for the mentally ill (%)
People in Group quarters - Homes for the mentally retarded (%)
People in Group quarters - Homes for the physically handicapped (%)
People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
People in Group quarters - Other workers' dormitories (%)
People in Group quarters - Crews of maritime vessels (%)
People in Group quarters - Other nonhousehold living situations (%)
People in Group quarters - Other noninstitutional group quarters (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
Residents speaking English at home - Native, born elsewhere (%)
Residents speaking English at home - Foreign born (%)
Residents speaking Spanish at home (%)
Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
Residents speaking Spanish at home - Foreign born (%)
Residents speaking other language at home (%)
Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
. Private landlords are easier to work with than management companies. My previous landlord was super nice. When a tenant lost his job, she gave him 2 months free rent. A management company would not do that. My landlord would consider applications with this type of situation, because it's a reasonable transition period. 
). I mentioned to the agent that our plan was to squirrel away for the year and then buy. I can't think of any other reason we didn't get the place, particularly as it was before any formal contract or negotiations. Lesson learned, I guess.
