All Forum Posts by: Account Closed

Hahah, love it. Can you believe that where I live those thin mints are $5 now? And I swear to God they made the box (read:cookies) smaller too!

I agree with everyone else in this thread, if you gave it to them with working screens and they are now broken significantly, it comes out of the deposit. Take it out and make them take you to court over it and they can explain to the judge how all the windows got damaged on their watch, and how that is your problem.

There are only 2 places that do this often: college houses and sober living houses.

Either way, I would advise against it if you could otherwise find a tenant that would rent the whole thing. Much less hassle and management. On the other hand, if you have 4 different tenants you may be able to eek out a bit more from them monthly in aggregate, but whether it will all even out at the end of the year once utilities and turnover are accounted for who knows.

What would happen if you called up your phone company and said "Yah totally mailed a check, not sure what happened".

They would:

A) Politely laugh in your face and
B) Hit you with a late fee.

You don't have to do A, but you must do B. If you say rent is due by the 1st than they need to mail it ~5 days before so that it can reach you on time. If you want to be nice and realize they get paid on the 1st, than require it by the 5th or 6th.

Whatever date you set, stick to it, and don't waver. Assess late fees if you contract allows for that (and really, even if it doesn't).

You will have the worlds largest utility bills ever if you include it in rent at a flat rate.

Any artist who can pay a years rent up front isn't a real artist :-D

I see that angle for sure, on the other hand there's the school of thought that everyone deserves another chance (assuming his last crime really was 10 years ago). 10 years is a long time. Also having the whole years rent up front is pretty impressive, but honestly I would vet that money and make him prove where it came from in case he got it from selling drugs.

From a business perspective though, if there are plenty of normal customers that won't have any of this drama and will pay on-time etc, than why even bother with "maybe's" like this? It's a renters market, you can do what you want, but why take risk when you don't need to? The risk of up-front payment vs. potential issues with an ex con is up to you ultimately.

It sort of depends on local market. I've had units that you can advertise 3 weeks before move-out or less, and some that take triple that. If you can fill it quickly than maybe don't start now, but if you want to start now it won't hurt, there are always people looking to rent that aren't ready to move quite yet.

I simply can't understand why anyone would trust a complete stranger to take care of such an expensive asset without screening them first. I mean it costs you nothing and you can more often than not avoid drama like this from happening.

Yah don't play around in CA, you will lose. Talk to a lawyer immediately.