All Forum Posts by: Account Closed

@Caleb Sandfort,

Welcome to BP!

@Adam Hershman,

Thanks for your input.  Your point is well taken.  I agree with what you are saying but when she was looking for a place last year she didn't have an issue exploring someone else's home.   

@Account Closed,

I agree on the aesthetic point but the rental market is going crazy at the moment and have over a hundred potential tenants.  A few scattered belongings really shouldn't hurt me too bad.  Losing about $90 for each vacancy day.  Don't want to lose half a month here because someone needing a place in February isn't looking the first week of February so I could potentially loose a half month or more.  Potential tenants are willing to sign lease without looking but it's a small place and don't want folks unhappy once they are in.

So I have a tenant moving out at the end of the month and is not open to allowing me to show the house to pre-screened potential tenants in a supervised fashion with a totally flexible schedule.  I explained to her that she needed and got the same cooperation from the previous tenant but is unwilling to play ball.  The next go around I am adding verbiage in the lease to avoid this as much as possible.  I am considering posting a 24 and 48 hour notice for entry and threatening or executing my rights under RCW 59.18.150 (6) Washington State Residential Landlord-Tenant Act, provides as follows:

“The tenant shall not unreasonably withhold consent to the landlord (or manager) to enter the dwelling unit at a specified time where the landlord has given ... notice...”

for un-cooperating tenants.  I know it's unlawful to deduct the deposit for days she has off the market although other do.  

Any advice on 

(1) how other avoid this scenario in there lease and 

(2) how to proceed with the current tenant.  

Thank you for your consideration. 

@Harriet Baldwin,

I used 3X but was losing tenants because it was too expensive.  Then at 4X the place was too small.  Go figure.  I really like the carrot for a two year lease idea.  Going to give it some thought.

@Mike Cumbie, @Nathan Gesner

Thank you all for your concern.  The feedback is well received.  I think I am going to avoid advertising any restrictions.  I may show it as a one bedroom.  Going to call the city fire marshal to see if I can restrict occupancy for safety reasons but not expecting much.  Raising the rent would be nice but I thank that is the number two reason folks are moving.  I require 4x the rent in verifiable rental income but over time folks tend to explore cheaper options.  I am planing on having a real frank discussions with the potential tenants to ensure the space is realistic for their needs.  It would be nice to have a respectful tenant stay for more than a year.  Thanks again...

Joe

I have a small SFR and would like to limit the number people occupying the dwelling. It is 2 bedroom, one bath and a little over 600 square-foot. In the past I have had mostly two person rental agreements and they all seem to like the property when it is empty but once they squeeze in they tend to move out.

I have listed it for rent and received a flood of responses but some have large families and would never work out. Also, I allow pets but some folks want to bring in the zoo. Personally I do not have any issues with any class, protected or not, I just want to stop the "revolving door" with my tenants and do not want to violate the FHA.

I saw on an older post response by Steven Picker quoting FHA:

"As written, the FHA covers most — but not all — housing. Some exemptions to coverage under the FHA include: (a) owner-occupied buildings with no more than four units (which is commonly known as the Mrs. Murphy exemption); (b) single family housing sold or rented without the use of a broker if the private individual owner does not own more than three such single family homes at one time; or (c) housing operated by organizations and private clubs that limit occupancy to members."

Since I have two SFR rentals, one SFR home as a primary residence, and a quarter stake in a NNN commercial lease. Can I limit occupancy to one to two person only and one pet maximum? The rental is in Clark County, Vancouver Washington.

Thanks for reading.

I take holding deposits and make it only refundable with a signed lease by a certain date.

I would follow the school ranking closely if you want to appeal to more aggressive buyers. 

Is this a similar product a popular bigger pocket blogger mentions?  He typically talks about how younger investors could incorporate such plans for tax free retirement income? The "Bald Guy" has some really great advice but found the insurance investment part odd.