All Forum Posts by: Jonathan R McLaughlin

@Angie Briggs if you’re north of Boston I don’t know why you wouldn’t be looking in New Hampshire instead of far flung locales? Most of the seacoast is expensive but get away from there and solid towns with good numbers. Low unemployment and almost zero vacancy. 
I think MA gets a bad rap as “tenant friendly”—most of the refs are simply about fair treatment, but in any case NH has a more “landlord friendly” reputation.

I haven’t heard of that and I’m struggling to come up with a legitimate reason it would be needed. 

It sounds a bit like they might be trying to pass your homeowners insurance off as theirs to get a rate or worst case get their car on yours somehow? at the least they are trying to scam the insurance company to keeping their rate low?

@Erin Gipson if you are not in a position to save any money you aren’t in a space to buy real estate, you just aren’t. 

Flat out lying will not get better, to say the least. Deny.

Chance the other two are being deceived by her and  would be decent tenants, but then they should fix this and reapply separately with someone else. As is, deny all.

Oh.my. God. you would be insane to rent to this person. Too many red flags to count. 

@Crystal Smith while that is likely true about the negotiation it doesn’t mean an attorney won’t pass on the best offer they have and the bank might reconsider. We bought a number of short sales around 08 and banks would routinely change their approach based on new directives, quarterly demands or what have you. They want to protect themselves against low balls but they may definitely get to the point where they take what they can get and go to the top of the pile of offers.

It used to be the Wild West when banks weee overwhelmed, and I think it’s much more systematized now. Still, I wouldn’t take the “no negotiating” at face value

@Crystal Smith while that is likely true about the negotiation it doesn’t mean an attorney won’t pass on the best offer they have and the bank might reconsider. We bought a number of short sales around 08 and banks would routinely change their approach based on new directives, quarterly demands or what have you. They want to protect themselves against low balls but they may definitely get to the point where they take what they can get and go to the top of the pile of offers.

It used to be the Wild West when banks weee overwhelmed, and I think it’s much more systematized now. Still, I wouldn’t take the “no negotiating” at face value

thats quite a plan. Its a bit like " I plan to study, get a job paying 1M/year/then get elected to congress/then become president 

The snark is intended to be friendly, used to highlight that each of these steps--while possible--requires a fair amount of work and the ability to convince people you are a worthwhile risk. 

The idea of "skin in the game" is important. When you lead with "I plan to go at this with no money out of pocket" you are definitely setting a high bar for people to find you credible. At the very least, show me you can find a potential deal.

@James Hamling doubt you would be able to hold the vendor accountable in any practical sense. And if you can't assure the liability aren't they justified in their concern? I think this is a more common objection among higher income applicants who are more vulnerable to and aware of data sensitivity issues. I live nestled in a high tech area with friends who work in data security and its a common question/concern so it doesn't trigger undue alarm.

Good argument for a bonded/insured PM in providing a layer of protection for both tenant and landlord

good counterpoint by @James Hamling 

I would definitely think though about how it feels on the other end. I bet you solve most of this by a quick boilerplate paragraph on the app about how you keep the data secure