All Forum Posts by: Mike Franco

Unfortunately, what Bill said is not true in California.

According to multiple attorneys I asked, a lease cannot be bk-proof, even prior to the lease being signed.

A signed statement from a prospect also does not stop the landlord from being named as a future creditor.

Basically, the old rules still apply- screen well to minimize risk.

I met the prospect today, and she told me her husband and son just went to an MLB baseball game.
Yeah, now I know why she's planning to file for BK. She and her husband still have bad spending habits.

Thanks Bill

I learned something new today.

Since I'm showing the house to other prospects anyway, I just tell them to come and see the house anyway, bad credit or not.

But hey, someone's going to cave in and rent to her.

It makes me sad the prospects around here are just awful.

Maybe I'll find better candidates in May or June.

High schools and colleges should really make it mandatory for students to take a course on money management.

I got a call from a prospect who was upfront with me about her plans to file bankruptcy.

For landlords, this is just asking for punishment, isn't it.

I haven't met her yet, but she says she has enough to cover her rent and family expenses. (I'll be the judge of that though)

Pat L. I wish I could find tenants who could rehab my house like that.

every one of my tenants trashes my houses just a little more.

I feel they are only qualified to live in cardboard boxes on skid row.

How many of you do that?

I feel that I will have to treat tenants like children because they absolutely do not clean even once during the whole lease term.

If I didn't include a gardener, the yard would be trashed.
I feel the same applies to house cleaning. If you don't include a maid, your house is trashed.

Just say no. Never ever let tenants paint. They NEVER do prep work, and paint starts to peel soon after. They think painting is as easy as picking out a can, and splashing it on the wall.

I hate it when tenants want to paint perfectly good walls, especially when they want some fecal brown color.

Antique white matches every kind of decoration imaginable.
Tell them to go decorate.

Even if you get a pro to paint, you're still making your paint thicker and thicker, and it will eventually fail.

Stand firm. It's business. Not personal.