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All Forum Posts by: Wesley W.

Wesley W. has started 112 posts and replied 1861 times.

Post: If you cant be here on time not my problem .

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

Here is my system that I have shared on the forums previously:

It all starts with online ads, within which are several questions I request be answered in their response to my ad. Here they are:

1.) Your first and last name, email address and phone number
2.) Total number of people that would occupy the apartment
3.) Proposed pets (size/breeds)
4.) Monthly pre-tax income for household
5.) Date you wish to move in

6.) Do you currently have enough funds to pay first month’s rent and a security deposit?

(I used to collect last month's rent as well, which I highly encourage, but it recently became prohibited in NYS.)

Next, here's a canned email response I use for everyone who answers my ad with the aforementioned questions answered. If they don't answer my questions, I know they have not read the ad and are just clicking and "tire kicking" or they lack the intellectual focus for me to have any business relationship with them.

I market on Craiglist and Zillow and get great leads from both in my market. Problem with Zillow is they have this annoying "1-click reply" where people can just click on your ad without reading it and you get an automated message "Joe is interested in your apartment at 123 Main St." To these responses I just cut/paste the ad narrative into an email reply. This is a waste of my time, but I am stuck with it if I want to market through them.

Here is the email response:

Thank you for your interest. We have a minimum income requirement to qualify for this unit (4 times monthly rent); based on your email, it appears you meet those qualifications.

Regarding pets, we allow cats and most dog breeds except for the following:

  • -any breeds/mixes known under common parlance as “Pit Bull”
  • -Rottweiler
  • -Doberman Pinscher
  • -German Shepherd
  • -Alaskan Malamute a.k.a “Husky”
  • -Chow Chow
  • -Great Dane
  • -St. Bernard
  • -Akita
  • -Wolf hybrids

Unfortunately, these are prohibited for insurance reasons. Keeping pets requires a one-time nonrefundable pet fee of $200 (per pet) as well as an additional $20 monthly rent for each approved pet. As pet lovers ourselves, we typically like to meet your pets at some point in the process, too.

Our tenants’ safety and the peaceful enjoyment of their home is important to us, so we do a credit/criminal background check on all applicants aged 18+. Big concerns are bankruptcies/repossessions/evictions and crimes against people/property. We can provide a complete list of our qualifying criteria upon request. If you don't foresee any major stumbling blocks (or, if you do, and would like to discuss further - we can certainly do that), I'd be happy to set up a showing for you. Let me know what you think.

As a matter of information, smoking is prohibited inside our rental units.

If you decide that the apartment would meet your needs and wish to proceed with the application process, a “deposit to hold” binder equal to a month’s rent would need to be collected at that time. This holds the unit for 5 to 7 days until the lease signing, and once the rental agreement is signed this becomes the first month's rent. At the lease signing, you will need to put down another $1650, which will be the security deposit ($825) and last month's rent ($825). So, the total move-in costs (not including pet fees, if applicable) would be $2475, all paid prior to lease signing.

Also, we would need copies of the two most recent pay stubs and photo ID for all applicants aged 18+ (I can scan at the showing) to begin the verification process, which only takes a few days.

Since choosing a place to live is a very personal decision, please feel free to do a “drive by” of the property, located at 123 Main St, so you can get a “feel” for the neighborhood. (I will ask that, out of respect for our current tenants’ security and privacy, to please wait until your showing appointment before walking the property.)

If everything above is agreeable to you, let me know your availability over the next day or so and I'd be happy to take you through the apartment.

Thank you, and I look forward to meeting you at the showing!

Note how I reiterate the qualifying criteria as well as itemizing what the move-in costs will be.  Since my units are a C-class, I also suggest a drive-by so they are not unpleasantly surprised by the neighborhood when they attend the showing, and just keep on driving by anonymously as I wait outside.  (This has happened a few times to me.)  This email gives people yet another opportunity to self-select out of the application process based on my expectations and criteria before an actual showing is scheduled.

If they do request a showing, I send them this email:

Hi Joe,

Please read this entire email.

How about a showing on Thursday at 7 pm? If that works for you, please reply to this email within 24 hours to accept this appointment and I will then add you to my showing schedule.

Also, as a means of courtesy to both our busy schedules, please confirm via text or phone call at least 2 hours prior on the day of the showing to my cell phone (insert your phone number).

I’ve also attached our rental application. I will have hard copies at the showing, but if you print and fill them out prior to the showing, this would save us both some time should you want to expedite your application in the process.

I look forward to meeting you on Thursday!

I typically bundle showing appointments consecutively for my own efficiency as well as to minimize the disruption of our current tenant. I book appointments 15 minutes apart, and based on demand, usually 2-3 times per week.  Often it is 2 weekday afternoons, and late morning on a weekend day.  Unless they are absolute rock stars and I have no other strong prospects in the onboarding flow, I will not deviate from this.  If they have enough interest in the unit, they will rearrange their schedule to accommodate me.  If I have someone that is marginal that expresses interest, I will book them last minute in between two showing slots of strong candidates to fill up the schedule, but more importantly to create demand pressure on the strong candidates.  They will see someone leaving the unit right before them and someone else showing up as they are leaving.

If they counter with a day/time that doesn't work for me, I usually just tell them that I don't have any showing slots available, to capitalize on the scarcity mindset and incentivize them to get in and see it ASAP.  This is not really a stretch; my available units usually garner HUNDREDS of inquiries, and I usually get a dozen or two that actually get in for a showing.

If they have not confirmed an hour prior to their appointment, I send this text to their phone (which was required as part of their contact information I required in the response to my ad):

As I had requested in my email, you have not yet confirmed your apartment showing for this evening, scheduled for 7:00pm. If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.

NOTE:  I've gotten away from this a bit, since I am more keen on renting to functioning adults and I find this is a bit enabling.  I will do this, however, if it is the first or last showing of the day.  But honestly, if they are marginal to begin with I will just blow them off and not be there.  Again, this demonstrates to me how responsible they are.  Almost always, their behavior never gets better after the the application process; this is when they are presumably showing you their best.

Using this system has dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me empirical data about their timeliness/responsiveness/respect for others' time.

Good luck!

Post: Nightmare tenant - how to remedy?

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

Here is yet another case where offering MTM leases would allow you to more easily disentangle yourself from this situation.  I really don't see the draw that landlords have to term leases in C-class rentals.  When these situations arise, it's a tough row to hoe to get them out sometimes.  In many states with liberal leanings, it may be very difficult to successfully evict based on a lease violation that does not include non-payment.  Frequently, if a tenant wants to move midway through a year lease, you as the landlord will be compelled by the court with a "duty to mitigate" so very seldom are the tenants locked in.  But in the OP's situation above, you are as the landlord typically "stuck" with hooligans, who will chase away any chance of you getting a good tenant in your building.

These forums are rife with posts every week from landlords with tenants breaking their lease without the expected recourse.  When will this "term lease" madness end, folks?

Post: When is a unit deemed vacant?

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

As long as they do now owe you their portion of the rent, I think it's okay.  I would, however, watch the property like a hawk, just in case there is some funny business and they try and move someone else in to the unit.

Post: refund for 1st month of cochroach infested apartment new rental?

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

Based on the point of view from which you write (as well as your account's post history), I think you are the tenant in question, correct?

I would say your landlord has a duty to immediately treat any *existing* infestation.  When you did your move-in walkthrough, were their roach feces on the walls and in the cabinets/drawers or other signs of a pest problem?  The way you describe it, if the place was being overrun, there would be lots of staining and there would be an odor.

There is a product, Advion, that I bought on Amazon several years ago and it worked very well.  It will take a few weeks to work its way through a complete life cycle, and you will need to be very diligent about denying food sources (food crumbs, pet food, etc.), but it will work and you do not need to vacate the apartment to treat.  Just be sure to place the bait where children/pets cannot be tempted to get into it.   I placed mine inside cabinets and behind major appliances.  It's a gel that you place on top of pieces of painter's tape (for easy removal).

Good luck.

Post: I Need Help With Rodent Problem

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

For a more permanent solution, if possible, seal up all the access points the mice are using to get in.  Use expanded screen, hardware cloth, or sheet metal (as appropriate) in conjunction with the "pestblock" version of expanding foam.

Also, are your tenants keeping a good house?  Food crumbs and pet dishes are attractive to mice.

Good luck!

Post: Best Cash Back Credit Cards for Landlords

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

I use the "Citi Double Cash" Mastercard; it's a flat 2% for all purchases and I have used it for years.  (For what it's worth, I had a horrible experience for the brief time I had the Wells Fargo Active Cash card earlier this year.)

Another "pro tip" - Join the National Apartment Association.  They have an affiliate program with Lowe's that gives you a special "contract price", which in my experience averages around 12%.  There is no minimum purchase required.  The only catch is you can only make purchases online through "Lowe's for Pros" (but your discount is much more robust compared to the "regular" pros).  So, what I typically do is place an order online for pickup at the store.  I use this program and pay with my Double Cash on the website for stacking discounts.  They usually have my order ready within an hour or so, but I always try and plan ahead the previous day if I am able.  I place between 3 and 4 orders per week this way.  They send me an email saying it's ready, I waltz in to the customer service desk, and it is all picked and ready for me to take.  If it's smaller items, they put it in a locker in the vestibule that I can open with a bar code in the email.

This has saved me TONS of time and money over the last few years.  

Post: Tenant Smoking On Property

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

I agree with @Nathan Gesner that the smoke damage has already taken place.

This is reason #28 I only offer MTM leases.  It may be easier in TX, but here in NY a term lease gives all the control and flexibility to the tenant, and just obligates the landlord.  It also creates situations like the above, where it clearly not a goof fit, but you are stuck without undue time, effort and expense.

Here is a provision in my lease that I got from a PM here in NY that may help if this situation occurs with another tenant in the future:

10. SMOKING: Smoking is prohibited inside your unit or in any interior common areas. This includes marijuana as well as electronic cigarettes (i.e. “vaping”). Smoking leaves soot and deposits, so an additional cleaning/remediation fee of at least $250.00 per room/area will be charged if we determine that smoking/vaping has occurred. Any cigarette butts from smoking outside by you or your guests must be picked up and properly disposed of.

P.S.  You can buy test strips for pot online; they are relatively cheap.  For cigarette smoke, I would take a "before" pic of the wall as left by the tenant, then an "after" pic after a single swipe of a cleaning cloth on the same wall to show the contrast in color due to soot accumulation.

Post: Letter template for late rent with late fee waived as a courtesy

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325
Quote from @Nathan Gesner:

No need for a form letter. Just type something up quick and get them to sign it.

"On October 5th, 2022, Landlord agreed to a one-time waiver if the late fee for October rent. Tenant agrees that any future late fees will not be waived "

I recommend you get in the habit of never forgiving late fees. If you waived it this month because their car broke down or they flew to the Bahamas and forgot, how will you justify charging the fee when a family member dies or their child is hospitalized after being run over by a car? 

People agree to pay rent by a certain date and to pay a penalty if they are late. Stick to it. 

Yes, absolutely.  Back story is grace period is until 5pm on the 5th.  Tenant deposited rent on the morning of the 6th, before I could post rent demand notice.  (Note: I typically post rent demand before dawn on the 6th, but I had committed to a per-diem job for that day.)

On tenants who have an impeccable payment history and are otherwise cooperative and adhere to the lease I may give a once-per-lifetime "pass" as a courtesy if they square up within a few days (i.e. before the rent demand letter gets posted).  This was one of those times.  And in my opinion @Richard F.  everyone is not "entitled" to this pass.  This is a business decision, and "late rent payers" are not a protected class under Fair Housing.  There's too much enabling/pandering going around these days under the guise of "fairness."  I rent to adults.

For posterity, here is the letter I came up with:

I’m writing this letter is to inform you that we received your rent payment late this month. As your lease states, rent is due on or before the 1st of the month, and there is a 5% late fee for any payment made after 5:00pm on the 5th. Your rent payment for October was not made until after this grace period had expired.

As a courtesy, we are willing to waive the late fee this single time. I’m hopeful that this was just an oversight and that moving forward you will be more mindful of the due date and continue to pay your rent on time. Please contact me if you have any questions about this letter or if in the future you anticipate any issues with a timely payment. Your cooperation and attention to this matter is appreciated.

Post: Letter template for late rent with late fee waived as a courtesy

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

Does anyone have a template for a letter they are willing to share that memorializes that the monthly rent was paid late, but that the late fees will be waived this time as a one-time courtesy for a good tenant?

Thanks in advance!

Post: Smoke detector placement in basement with beams exposed

Wesley W.Posted
  • Rental Property Investor
  • The Vampire State
  • Posts 1,896
  • Votes 2,325

I put mine on #2.

It stays clear of peoples' heads (#3), and the fasteners have a better medium to bite into (#1).

But in the long run, it probably doesn't matter too much - more of a personal preference.