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All Forum Posts by: Mark Werner

Mark Werner has started 3 posts and replied 19 times.

Post: Potential Tenant Refusing Application Process

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2
Originally posted by @Ryan B.:

I am going to share with you the best advice I ever received when I was new to landlording.

When an applicant is being a pain in the butt, save their number in your phone as "Do Not Answer."  Then when they call, take your phones advice and don't answer.  Makes everything so much less stressful.  

I probably have 20 or 30 Do Not Answers saved in my phone.  

 Your advice is well received. Thank you @Ryan B. and everyone else that took the time to provide advice.

Post: Potential Tenant Refusing Application Process

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2

Thank you everyone for taking the time to respond. They are the responses I expected but I just wanted to give myself a piece of mind that I was being unreasonable. I am a beginner at this and this is my first rental. That is my luck. I did not feel comfortable about even though he seemed like a good guy - until I was expressing being uncomfortable not doing the background and credit check. My ad say's "credit check required". Thanks again everyone. I appreciate the feedback.

Post: Potential Tenant Refusing Application Process

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2
Originally posted by @Colleen F.:

Use a service  where he fills in his own information and it comes to you but do not bypass the process.  I would just let him know that it is not unreasonable for you to run a credit check independent from what he gives you.  I have heard people say you don't necessarily need an SSN, that I don't know but  if he thinks you are a jerk for running an independent credit check well  I would be willing to be considered a jerk.  This is a financial transaction, there are a lot of financial transactions that require an SSN, loans etc. my question would be what is he trying to hide?  Why is he explaining this tax time settlement to you?   a settlement means you did not pay what you owe.  I think if he won't do it ,  pass and move on.

 Hi @Colleen F. Thank you for the response. I did offer him a service where he could submit the information himself and where I would not have to see any of his info including SSN#. He was still reluctant. I agree with you. I am going to pass.

Post: Potential Tenant Refusing Application Process

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2
Originally posted by @Andy Webb:

Hi Mark - I would not continue any farther with this guy if he is not going to go through your full, regular process. You should have a clearly defined process and stick to it. If he does not want to participate, then he is out. Not to mention, making exceptions for one person but later not for others can get you into trouble with FHA rules.

Also, a criminal report from 2012 tells you nothing about the last 2-3 years.

Keep looking!

Andy

 Thank you, Andy. Appreciate the feedback.

Post: Potential Tenant Refusing Application Process

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2
Originally posted by @Ursula B.:

@Mark WernerA difficult applicant makes for a difficult tenant.  People will always show you their true self.  It's up to us to believe them.

I'd pass on this one.

 Thank you, Ursula. That was my feeling. This is my first attempt at this so I was just looking for confirmation. My ad specifically says "Credit check required" The guy made me feel like I was being a jerk about it. I told him I wish he had told me this ahead of time. I turned down several potential renters.

Post: Potential Tenant Refusing Application Process

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2

I have a potential renter who is refusing to go through the application process. Meaning, not providing his social security number to use a service for credit check and background check. He intendeds to rent through the company he owns (Allstate). He provided me a FINRA report, last 4 months of his company's revenue's, a criminal check report from 2012, and a copy of his 1099 form. He also offered copies of tax time settlement offers from two credit cards that he paid off with that offer. But apparently that is considered a compromise and ends up showing up on credit, and he showed me that in the FINRA report. He indicated that it is not a bad debit paid off but rather a good debit simply paid off with the tax time settlement offer. It all sounds legitimate to me but I am still nervous. He had concerns with someone getting hi SSN via hacking my WIFI, etc. I explained that any service I use would be through an SSL web site and it is highly unlikely. I also indicated that one service I can send him a link to the service and he can enter the information himself and I never have to see it. Still was reluctant to do it. I am curious how anyone else would feel about this? Would you go forward based on the above information? The person seemed like I was being a jerk about. Thanks.

Post: Property Manager

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2
Originally posted by @Steve Rozenberg:

HI Mark, self managing is not that hard especially if you only have a few properties. But I would suggest that if your going to do this that you take the time to make sure you are familiar with the local Fair Housing, Discrimination, and any applicable Property Code laws. Those are things most people dont think about that can get them in trouble. If you know those and run your rental like a business with strict guidance and adherence to your policies and procedures you will do great! Good luck

 Steve, Thank you so much for taking the time to respond and offering your advice. I appreciate it!

Post: Property Manager

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2

James, Thanks so much for the advice and the information. Much appreciated!

Post: Property Manager

Mark WernerPosted
  • Homeowner
  • Radford, VA
  • Posts 19
  • Votes 2

Hello All, I am just starting out renting my first property. I was just curious what the consensus is or best advice is regarding property management? Do most of you go it alone and manage it or do you use a property management company? If you are going it alone what are good resources to cover all your bases and legal issues. For example tenant applications, rental agreements, credit/background checks, etc? Thank you very much in advance.