All Forum Posts by: Nina Zou
Nina Zou has started 25 posts and replied 51 times.
Post: Applicant claims he has a painting company, what to ask to prove?
- Posts 51
- Votes 12
Originally posted by @Daryl Luc:
Wow. The verification can go a lot deeper than I thought. Thanks for providing the information.
Post: Applicant claims he has a painting company, what to ask to prove?
- Posts 51
- Votes 12
Originally posted by @JD Martin:
If he owns his own painting company he's not going to have a W2 from someone else. But he should have a tax return, if you are in doubt of his ability to pay the rent. He could also demonstrate regular deposits into a bank account with account numbers redacted. If your area requires licensing, you can check to see if he is licensed. You can check his insurance to see if it is paid and up to date.
All that said, if you have any doubts whether he can pay you should just move on to another applicant.
Ok. Will ask for his tax return or bank statement. Thanks Martin.
Post: Applicant claims he has a painting company, what to ask to prove?
- Posts 51
- Votes 12
Applicant claims he has a painting company and put down monthly income as $6,000. What Shall I ask him to submit as the proof of his income? W2 or something else?
Post: Anyone knows how to withdraw listing from Tellus?
- Posts 51
- Votes 12
Originally posted by @Scott Pearson:
Send a message to them through the app. They are very good at responding.
Yes, I just did. I’ll see how it goes. Thank you.
Post: Anyone knows how to withdraw listing from Tellus?
- Posts 51
- Votes 12
First time listing my property through Tellus App. Not sure if I like it. The leads came in didn’t collect the potential applicants’ email address while I don’t want to call people through my cell phone number at this stage, I prefer email.
Seems like I couldn’t find a tel number to talk to someone when I need a quick response.
Anyone knows how to bring my listing down from Tellus?
Thank you!
Post: Laminate or vinyl flooring for rentals?
- Posts 51
- Votes 12
Originally posted by @Leah Slaughter:
Vinyl wood is the most durable and easy to Reglue if it comes loose. Laminate is an awful product for rentals and specifically for long term rentals as any water compromises the function and look of the flooring.
Thank you!
Post: Laminate or vinyl flooring for rentals?
- Posts 51
- Votes 12
I’ve been thinking of upgrading 2 of my rentals after the tenants move out. Currently both have carpets, not high end properties. I’m tired of paying carpet cleaning every time tenant changes.
What type of floor does everybody use on their rentals? Pros, Cons?
Thanks.
Post: Tenant paid late 3 months in a row
- Posts 51
- Votes 12
Originally posted by @James Lanier:
I tolerate late tenants simply because I make more money in the end of it. The real issue is if they don't pay at all. For $40 estimated extra dollars ($50-mailing expenses), I'm willing to mail a certified letter every month and then at the end of the lease choose to not renew based off of the number of times they paid late.
Some tenants even notify me that they'll be late when I send the payment notification a week prior. As long as it is before the mortgage I'll waive the late fee if prompt notification is given. So far I've received the rent on the agreed date without fail before the mortgage is due.
Keep sending the pay or quit notices, and play the long game. Patience and consistency are your friends in this circumstance in my opinion.
Thank you for your advice. I’m planning to play the long game and keep serving the notices if they pay within the noticed time frame, Hopefully I don’t have to evict them before the holiday seasons. Would be bad for me and for them both. Don’t think I’m going to renew them during the spring time if they can drag that long.
Post: Tenant paid late 3 months in a row
- Posts 51
- Votes 12
I may may also consider the bi weekly payment plan.
Post: Tenant paid late 3 months in a row
- Posts 51
- Votes 12
Tenants moved in in Apr with low credit score and not very sufficient income. I rented to them because his mom co signed and lived just couple of doors away in the same community ( What a lesson! I should never rent to anyone if they are not qualified, but now it is too late.)
Rent is due on the 1st. Aug they started to pay late, 1st time I served the Notice to Quit after 6 days. Sep, the husband called me on the 6th told me wife was searching for a new job, didn’t serve them the notice because he called. They paid Sep rent on the 10th.
Oct they haven’t paid up to now. No call, nothing. I’m planning to serve the notice again. But what if they pay late every month ( I do charge a $50 late fee). I don’t have time to go post the Notice to Quit every month.
Can I terminate the lease because of consistent late payment? We are in PA.