All Forum Posts by: Sebastian Taylor

@Robert Adams, you've just confirmed what @Michael Haynes said... Most FSBO do not sell because the owners have pride of ownership and ask for too much money for their baby. This is exactly why the agents still survive in this electronic world: they convince the owners to step back and let them do the work without personal attachment.

Ask them if they have ITIN and enter that in place of SSN.

Thank you, Ned. This helps understanding how things work.

@Ned Carey

How do you deal with drama when the tenant claims that the check is in the mail, but you don't see it yet? Another thing with mail would be bounced personal checks.

Don't get me wrong, I am not trying to be difficult, I am trying to understand how to build my business. I need to establish the rules and follow them. People say, file immediately, but how could you do so if the tenants send the check late, and it finally bounces a week and a half later? This means, I've wasted precious time.

What if, instead, I just tell them to go to local bank around the corner and deposit whatever they have in their hands? I really do not understand why it is difficult to do, especially they are going to buy money order somewhere anyway.

It is good to know that most tenants in Baltimore mail money orders, thanks!

Is there a sample of such policy anywhere I can look at and borrow?

Also,  I don't understand why if you got through a divorce, it is acceptable and expectable to have lower credit score. Do creditors forgive the debt to new divorcees? Is that normal for new divorcees not to pay their debts? Divorce is just a part of life, everybody knew that they have 60% chance to it before they got married and before they got that another debt.

Aside from the subject... Mine is 790-795 and for last several years stays that. The only debt I have is a mortgage on my primary residence, and the payment is low and was never late. I do not buy new cars, I do not carry debt on credit cards. So, technically, your statement is not true. I would be very good tenant, and I was one for quite a while, but my credit score is far from 850.

There is only one right answer: 3 previous tenants had a score above 700, the 4th should be comparably the same, unless the area changed.

@Jason Bott, thanks, good to know.

What is the conclusion? We have 2 Insurance agents here... Are the premiums not going to get up for existing insurance? And, when I apply for insurance for next dwelling, does it do me any good if for one of previous claims the landlord insurance company recouped their money from renter's insurance?