All Forum Posts by: John D.

He said that we could do cash, cashier's check, whatever. He just wanted to pay it up front. I definitely want to talk to the business owner/his boss to see what kind if business it is and if it's legit.

@Michael Otranto that's something I was worried about. For some context the area is a very nice city neighborhood and the apartment is a high-end property.

A prospect called me the other day inquiring about an apartment I have for rent and I got a strange feeling, but maybe it was just his personality...anyway, he said his boss wants him to move closer to work and wants to pay for his entire lease in cash (or certified check) up front. The reason is because the boss wants to use it as a business expense/tax write-off.

I don't have much rental experience and have never been in this situation, I know that this scenario is a dream since there is no need to worry about rent checks, but again I got a strange vibe. Maybe I'm worrying too much and maybe this sort of arrangement happens often so I figured I'd post it here.

Any advice or anything that I should look out for?

Thanks in advance.

Fraud would imply that I had the intention of doing this the whole time and lied to the bank, which is not true. This almost completely subjective, unlike lying about your financial status which can definately be proven.

After the fact, the mortgage note says something like "you must live at the property for one year unless there are extenuating circimstances ora letter from the lender grants you permission to do so."

This seems very vague to me.

Well, I just got the mtge and have not lived in the home, but I realized that I could rent it for more than the mtge payment. So it makes sense for me to do that.

What do you mean by "Also you don't say whether you want to live there while you rent it which would not violate the clause."??

Hi, I wanted to know what the legal repercussions are of renting a home that you bought as your primary residence. My mortgage says that if I do this I could be fined or even enprisoned for lying about the occupancy. Is this true? Does this ever happen?

Ken, do you have a sample rating system you could post?

Thanks for the responses, what do you say when they ask why they weren't accepted? Anything?

I only have 1 unit... I never knew about that 3 or less rule, but, yes, it does put my mind at ease.

I am new to screening for tenants and am scared of being accused of descrimination when choosing not to rent to an applicant.

Can you all give some tips on the best way to let an applicant know that you've decided not to rent to them?

Also, general tips on what not to do to avoid discrimination accusations. Thanks!

Thanks guys! I figured that was the answer I would get, but just wanted to confirm.