All Forum Posts by: Jack B.

 Yeah, I think it's an education and career, not to mention general intelligence level thing. I get there will be exceptions where someone genuinely overlooks things, but I don't need to spoon feed a baby. I guess if someone works a low end job or career where they deal with Joe Public all day, they are used to this kind of crap. I'm an IT Engineer who makes well into the six figures from my job alone, closer to half a mil a year counting investments. I am astonished that people are so dumb as to email me questions that have the answers laid out exactly in the order they are asking them in the listing. I guess it's too much to expect people to have reading comprehension above a 5th grade level...

Frankly I'm glad I avoid these types of "tenants". I've had people like these before and they are just dumb as rocks. One couldn't figure out how to light the water heater pilot light. I go there and it's already lit. He didn't think to look to see if it was already lit...Water leak from washer pipe for three days; he thought it would stop on it's own. EVERYTHING was a challenge for this guy. But then again, you and I are the bad guys because we can read...

 Everett is the Tacoma of the North end, you're in for some interesting characters. Truth be told I had to school my employers CPA tax advisor on how to properly fill out a W2 and when box 13 should/should not be checked. Sadly, took 3 emails to get them to understand the IRS matrix before they sent out thousands of corrected W2's. And unfortunately my previous CPA didn't do a good job on my rental property returns and I've actually gotten accustomed to doing them myself for a bigger return, plus it turned out he changed my return after I signed it, found out during a mortgage company audit of my tax transcripts...

Thought about sitting for the CPA exams but figured I'd rather go to law school instead. Might still do the CPA thing though, just to get JD, MBA, CPA after my name. But would rather keep playing the real estate game for profit ;-). 

 Yes, the only stipulation or limits on fees charged in WA is that the late fees for late rent payments, etc. don't exceed 20% of the rent amount.

https://app.leg.wa.gov/rcw/default.aspx?cite=19.150.150

 It's actually not unusual this time of year. There is a thread on here about the hardest time of year to fill a rental. This is it, lol.

This rental is in Tacoma. Tons of interest but a lot of blue collar, low income people in Tacoma. Most applicants don't qualify. Sadly, even on my 500k properties most tenants have awful credit histories. There is a reason these people are renters. Good luck with the CPA exams. When you pass, you can practice your CPA skills on my rentals, free of charge, just to help you out... :-P

 Listen to this guy, he knows what he is talking about. Keep it coming, this is exactly what I've read all over the place and is 100% spot on.

 No advantage, nothing but disadvantages...

 Exactly. I was super glad I learned this lesson reading a blog from nononsenselandlord and converted leases to MTM as they expired and only did MTM leases after that. Saved my butt just last summer. Tenant is a PITA? Here is your 20 day notice to vacate...

Yeah, she emailed me again today trying to change the deal she had originally agreed to. Ugh. I flat out told her when someone which such terrible credit history repeatedly bounces all over the board on what they will agree to, it's a sign of future issues. It's done, she is gone. Would rather let it sit at this point than deal with crummy or questionable tenants. I used to allow 550 credit score people when I first started out, bad experiences later, I'm always hesitant now, though the temptation is always there after it's been sitting empty for a while. Like the other guy said, every tenant with a 550 or below credit score I've ever had was an issue, every single one of them. Credit score IS a sign of behavior. No surprise that my 780+ credit score tenants have never been an issue...

 Touche, this is why I posted here, to help me keep my temptation and emotion out of it. I actually initially sent her the required adverse action notice. Nonetheless, I ignored several calls and texts last night when she was asking for the application for her parents to cosign, and I think she went away. I really worry about her damaging the place, and of course, she has a kid, so gonna be tough to get a judge to let me throw her out. 

Honestly I just want to sell this place and be done with it. Either hold the money or 1031 into another higher end home. This place, the neighborhood, it just attracts losers like this girl. Did I mention she drove up in a 60+K luxury car and thought $16 an hour was good money???

 Didn't say the renters of the insurance company were idiots, just the insurance person trying to find them a place to live. I'm getting reaaaally tired of people who can't read beyond a fifth grade level, contact me to ask me questions clearly answered right at the beginning of the listing. I mean I knew being a landlord would expose me to riff raff but never imagined I'd be dealing with illiterate people who waste their time and mine then wonder why I come here to vent or look at them like they are idiots. 

Reminds me of when I sold my truck on CL (most of my contacts for rentals are through Zillow, HotPads, etc.) and even though my very first sentence in the listing listed the mileage, I had morons calling me every few minutes who would not ask me once, but FOUR times within the span of 60 seconds of the call what the mileage was. By the fourth time I would just hang up. I just could not fathom how dumb these people were. It says it in the listing AND I've answered it the first three times you asked just seconds ago, how can you not remember and keep asking me???

Yep, these are the special idiots who think $12 an hour is good money...