All Forum Posts by: Jack B.

@Adrienne G. I was wondering something like that as well. When I was managing our rentals we always had so many people apply that I would just tell people we chose someone else. If they pressed and wanted specifics, I would just say something like "we had 4 qualified applicants and had to choose one, unfortunately we didn't choose you". I never received any push back, but I was wondering:

1. What would have happened if I'd told these people the truth (I think you'll destroy the place, you're rude and the neighbors will hate me, I don't like the way you parent your children, etc.)

2. Did I expose myself to problems by answering the way I did? Honestly, I guess I didn't focus enough on laws, etc. so I don't even know the "right" way to turn people down. I'd just say as little as possible...

NO, that would not be a problem because you are not saying NO kids period. You are saying not THOSE kids because they are destructive. I have tenants with kids and a giant box with leases of people with kids that rented from me before. I have no problem with renting to people with kids so long as their kids don't destroy my houses. When a child jumps up and down on the heating vents in the floor to destroy them, pulls out drawers on the floor etc. IN FRONT of their parents and they just smile at me while they know they should be on their best behavior because ya know, I'm evaluation them, that isn't a protected "class".

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Originally posted by @Joe Splitrock:

I am also curious about the cats. Did you bring them with or are you renting out your own property that has been owner occupied?

As far as misbehaved kids, it is 100% a reflection of the parents. I have seen people with five kids and every single one is calm and well behaved. Any time I have rented to someone with wild kids, the property had significant damage when they moved out. Responsible parents control their kids and they pay rent on time. If they make no attempt to control them, that is an even worse sign.

One time it was a primary I was converting to a rental and showing while I was still living there. Two others were different rentals I had bought as investments. I'm sure I will see it at a tour for all of my properties at some point.

My favorite are the people who want to run a day care out of the house...Not only no but HELL no...

1 Vote

Originally posted by @Jonathan R McLaughlin:

@Theresa Harris oh that’s true—but just saying that melt downs happen in stressful situations and a meltdown isn’t an indication of bad parenting and it’s a false negative for a good tenancy. Kids at 7-8 know their life is changing and they aren’t happy about it sometimes :)

BUT BUT BUT how are the parents reacting? Are they passive? Do they move him outside quickly ? Do they try some combination of reinforcing “behavior in other people’s houses” and limits? Are they kind when they are being firm? Are they setting limits at all? Do they threaten immediately or have coping skills? do they blame him not look at themselves? Can’t tell you how many hungry kids I’ve seen at open houses...

Their reaction is the real “tell”.

Yeah and that's what I was saying in my OP, the parents just look at me and smile, doing nothing to stop their kids. I'm like, no way I'm letting you people into my house again.

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Originally posted by @Andrew B.:

It sounds to me like you are about to rent out your first property (I'm assuming you live in the unit youre advertising) If that's the case, you may not be screening well enough. You should do some pre-screening before you let just anybody come look at the property.

Ummmm...in my very first sentence, the very beginning of it eve, I noted that I've had this happen for almost every single rental, as in I have a few...I even gave rent and value ranges for the properties....

So not sure how you'd come to that conclusion unless you either didn't read my post or didn't understand any of it.

"I've seen it for almost every rental. Rentals ranging from 500K to 750K in value. 2.5 to 4K in rent."

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Originally posted by @Wesley W.:

Originally posted by @Jack B.:

Originally posted by @Max T.:

@Jack B.

You bring cats to a showing?

The first part of the same sentence where I talked about my cats, I noted the kids were jumping on my furniture and such, but all you picked up on was the cats???

"this was after he proceeded to use my furniture and bed as a trampoline and chase my terrified cats"

I'm sorry, I was completely distracted by the cats reference as well.

As others have requested, please offer some context. It may be relevant...

In one example it was a primary residence I was moving out of and converting to a rental, I was doing tours while waiting for my new house to close. In two other cases it was a vacant and empty house, two different houses. In all cases the people thought I would still rent to them...

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I've looked at properties in Vegas and Tampa. But I go IN PERSON to look at them with a well reviewed realtor. I work remotely so I can stay to fill the rental if needed. I'd make a trip yearly to inspect the place. If there is a vacancy I will go and live in the house with camping gear until it's rented again.

1 Vote

Originally posted by @Jim K.:

Bought a teardown at a tax auction, went in and knocked a hole in one of the kitchen walls, found three stud bays filled with plastic-wrapped used bills, mostly twenties but lots of fifties, hundreds. $873K total. There was a Glock lying on top of one of the stacks, bit rusted, been there a while.

How should I invest this money? Please help. I'm so confused.

A rusted Glock, ha!!!

1 Vote

Originally posted by @Amy Aziz:

@Jack B. but it isn't always better to be in the habit of following the fair housing laws?

That's not the question at hand.

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Originally posted by @Max T.:

@Jack B.

You bring cats to a showing?

The first part of the same sentence where I talked about my cats, I noted the kids were jumping on my furniture and such, but all you picked up on was the cats???

"this was after he proceeded to use my furniture and bed as a trampoline and chase my terrified cats"

0 Votes

They say you are exempt if you own less than four single family houses, live in a multi family with less than 4 units or rent properties without the use of a realtor, etc.

What if you own more than 3 houses, are a realtor (part time) and renting out a portion of your house like a MIL apartment?

They don't really specify that if you own more than 3 houses that the multi family rule doesn't apply or that if YOU'RE the realtor, the rules still don't apply. It doesn't specify whether the rules apply singularly or in combination.

2 Votes

All Forum Posts by: Jack B.

Jack B. has started 419 posts and replied 1844 times.

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Post: successful RE investors told me to not invest out of state

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Post: Fair housing law exemptions

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Post: Fair housing law exemptions