All Forum Posts by: Aaron Hunt

Sounds like an old wives tale (like real old). And those who say/believe it today, is because they were raised to fear God from an early age every time they didn’t shut the lights off in the house - as if it’s a cardinal sin or something. Change them to LEDs if you want to save the Earth and/or stop wasting your time being butthurt about it. Goal is to get your rent paid. If it’s being paid, move on.

Find another deal and put the cash to use. Otherwise you’re out $14k for nothing if you lose.

Originally posted by @Don Spafford:

Thanks everybody. One more thing I just thought of which may play a factor. She is active Idaho National Guard Reserves, and is being deployed 5/8. I could see military leave being a legit reason to break a lease. But she also has a roommate that cannot afford to pay the rent herself, even if I made her liable for the extra month, she wouldn't be able to pay the full rent. In essence, by breaking the lease for one, due to military service, does that automatically release others on the lease as well since it is a contract as a whole?

You're probably screwed for June. Honestly, at this point, I'd probably just take the L, accept the partial payment from the other tenant for the month of June and move on. That is unless you have something specifically baked into your lease saying that in case one tenant is not around for any reason the full responsibility falls on the other to pay the full amount. (And I'm guessing you wouldn't have had that in place.) If you want to really pursue it, I'd say ask a lawyer (but you'll probably pay them the same amount you're losing...).

It sounds like she is following the rules for notifying you 30 days in advance.

"Service members are protected by the Servicemembers Civil Relief Act if they need to break their lease on account of a deployment or permanent change of station."

Terminating a lease

To get out of a housing lease, under the relief act and without penalty, you must:

• Prove you signed the lease before you entered active duty, and that you will remain on active duty for a minimum of 90 days.
• Provide your landlord written notice of your intent to break the lease and a copy of your military orders, ideally no fewer than 30 days in advance.

If you signed a lease or rental agreement after you began active-duty service, you may still be able to terminate it without penalty under the relief act if you:

• Received permanent change of station or deployment orders that will last for more than 90 days
• Provide written notice to your landlord and a copy of your orders, preferably with at least a 30-day notice

If you are successful, your lease should end 30 days after your next monthly rent payment is due.

The fact that there is no way to skip to the end of a thread (from the top of a thread) is real annoying. 

Literally have to scroll the entire screen of comments to get there...and then half the time it crashes.

( iOS on iPhone X)

Originally posted by @Robert Warner:

My landlord sued me 5 times over a year with multiple phony claims. He used two different law firms. I won every case as pro se.

In case we forget...

Originally posted by @Robert Warner:

Aaron, read the original post. I proved that my rent was paid, that my landlord was trying to rip me off, and then he thought that he could break the lease by refusing rent. Never once did I refuse to pay my rent on time, the landlord just refused to accept it.

Sure, Robert, let's read your "original post".

"My landlord sued me 5 times over a year with multiple phony claims. He used two different law firms. I won every case as pro se."

Mentions nothing about you proving rent was paid on time. 

Do you want to read it again?

How about 5 more times? 

Then I can create another thread and we can discuss it there?

I can see why you're clearly model tenant.

Originally posted by @Account Closed:

Originally posted by @Aaron Hunt:

Rents are too low right now, and still trying to catch up. Won’t cash flow for a while out here with low down P.

 Down n dirty.  Wont cash flow with high down payment.   A $350,000 house will rent for $2,400, if that.

I am with you on the “if that” part. $350k is still not getting to $2400 consistently - even in Summerlin.

I am seeing a slow rental creep in the sub-$300k homes. There’s minimal inventory under the $300k range in the high-demand areas at this point + rising interest rates. 

This is pricing anyone with an average LV household income ($58k) out of buying at the “entry level” now ($58k x 5 = $280k = max qualify ). So that might be driving some of the rent up.

I was speaking with an agent who said they were still getting a steady stream of buyers who just couldn’t qualify over $300k.

Uh...except your landlord is still a millionaire and you still over here sounding like a bum tenant, haha. Don’t think your millionaire landlord is even remotely phased. Probably sippin Mai Tai’s on vacation while their lawyer’s assistant’s intern is wasting your time in court. If you consider this a “win” then good for you. As a tenant I’d personally take more pride in having a steady funded auto-withdrawal for my monthly rental rather than getting dragged to court as if I got nothing better to do with my life.

I’m dealing with a similar situation. I am getting an appraisal in hopes to drop my PMI because my condo appreciated significantly in under 2 years. Would put me comfortably below 80% LTV. I wouldn’t bother refi’ing to a higher rate if you’re already cash flowing and just need to drop PMI.

Rents are too low right now, and still trying to catch up. Won’t cash flow for a while out here with low down P.