Got my first rental tenant
Got my first tenant. He was in a rush to get away from living with a alcoholic brother. He is soon gaining peace of mind.
:) broke over a half dozen clauses in my lease currently by moving in. This is low income area. Seems like more than half the USA has aid for housing costs. This was a rush (bad?) tenant screen. I currently do not have: Security deposit, tenant name on utilities, tenant insurance (I'm guilty too for structural + liability). I have him using an exterminator, after he saw a roach, he will take a picture of receipt and I will allow him to take as rent credit. After 10 days he is fully responsible.
Did screen him. Looked ok. Turns out has no drivers license, bank accounts, or credit cards. Rides bus to work. I had major obligations that he originally he crossed off, until I found out the story had $903 in a bank. He withdrew $900, and Sallie Mae took/garnished the rest. Turns out he owes Sallie Mae. He is on the hook to get the Sallie Mae balance to me (which he doesn't know!). I explained Sallie will track him to the grave.
He could not even supply two years tax returns! After my sister looked at it we found a 2 year gap in employment, when questioned he filled it in. Did confirm in person where he was working where he claims he is half owner on a business. hum, I need to check this too.
He plans to fix these many of lease deficiencies very soon.
Time always tells. No tenant is better than a BAD tenant.
Best Wishes,