Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 We run a motel and a guest wants to bring plunk his "live in" trailer in our back yard.?
The guest wants to stay here troughout the summer and he suggested this. This is good for us in some ways like, it free's up a room. But, what are the pro's and con's with this idea? W...


 Buy a house now, or wait - unusual circumstances!?
I have $40,000 down, can afford $3000 per month and have good credit. The thing is, I won't be living in the USA until 2017! Should I buy now and rent the house out, or wait? By 2017, I won�...


 What is the meaning of life?
...


 Can one buy a council house while on income support ,cash,given by friend?
...


 How do you get out of a mortgage when the other won't sell and can't assume the loan because of bad credit?
The mortgage is about 5 years old on a house I part own in Colorado. I've been trying to get off the title and mortgage but my ex-fiance seems to blow me off each time. I don't care about ...


 I live and work in a very affluent area, yet I have a very low income. How can I afford to buy a house?
The area That i work in, all the houses are too expensive. It's in conneticut/upstate new york and the cheapest homes still cost $500,000 or more with under an acre of land. Real Estate here ...


 Is it possible to pass on to your son unpaid home mortgage as inheritance?
...


 Can my landlord increase my rent by as much as 25%?
The rent will then be well out of our price range. I was under the impression it cannot be increased by more than 10% per ...


 Non lease eviction?
My friend is being evicted. She has been issued a summons to go to court, but they have also issued her Fiance a summons saying that he owes her back rent also. He lives with her most of the time, ...


 Tricky legal question, but very urgent???
We just purchased a home, and moved in 1½ weeks ago (signed on 3-30-2007). We got the water turned on the same day as the signing.

After a week, we started noticing water building up in ...


 Which is the smarter financial move??
Right now I can buy a palce but...everyone is giving me diff advice. Seems as though most say RENT right now because prices will continue to go down thru 2008. I always though by renting it was a lot ...


 Section 8 housing?
I LIVE IN SOUTH FLORIDA I WANT TO RENT OUT MY HOME, I WANTED HOW WOULD I RENT OUT MY HOME TO A SECTION 8 FAMILY...


 Temperature in house to avoid pipes from freezing?
I live alone and travel often. I live outside Philly, so it's fairly cold right now. When I travel, I turn down the heat to lower the bills......but does anyone know the safe temperature I need ...


 Who is the richest guy on yahoo answer planet?
...


 Do U think there is a real estate bubble? Do u own a home? Do u own investment property? When did u buy them?

Additional Details
Instead of trying to prove YOUR point, please just answer the question. My god!...


 My landlord is going to keep my deposit, is this legal in my circumstances?
My landlord is the most unreliable person. I asked numerous times for her to bring me a new lease to sign. I asked three times and still nothing. she was excited that I wanted to stay for another ...


 My neighbor is playing high bass music... why are people so rude?? (I live in an apt)?
I don't get it. This guy has a newborn infant and about 5 other people living his apartment, yet he plays his loud bass filled music all the time. I like loud music too, but I realize I live ...


 What area code is Simsbury, CT?
...


 What do I need to buy a house?
My husband and I are wanting to save up for a year and put the money we save together with our taxes and buy a house. Our credit isnt that good right now but we're going to spend the next year ...


 Neighbors downstairs complaining about my walking - what can I do?
I live in a seven year old apartment. I am on the top floor. I can normally hear my neighbor below me pounding the bass when they play video games. Anyhow, suprisingly enough, they complained to ...



Scott
I am a property manager of an apartment complex. A resident, one I believe, says they put their rent in our?
drop box. They say it was cash, so there is no way to track it. Needless to say it is gone. What is fair for me to do about their rent. And how do I catch the staff member who took it?
Additional Details
Let it be noted we make it our policy to never except cash, only checks credit cards, or money orders.
                     
 




Jimmy
Rating
This happened to me once and it was a scam. Like the others I demand checks or cash during business hours and I always make them sign a cash receipt.

I'm sorry for your troubles and its a hard lesson.

Best to you, you have a tough job.


acermill
They put cash in a drop box ? Oh di mama. These people deserve this problem...

But seriously, my guess is you are being scammed. If they truly WERE dumb enough to put cash into a drop box, they deserve to pay twice.


minocstriker
Rating
A drop box? Was it at least locked and hopefully only 1 person has the key to the box?

Honestly, as much as you may think your tenant is being honest, first evaluate the probability that it was taken by an employee. If internal controls are in place that would make it next to impossible for an employee to steal a cash payment, then you can probably assume that the tenant is lying.

Honestly, a drop box though? Have tenants pay by check or money order, not cash. Cash is too easy to steal by others and too easy for a tenant to say "well, I put it in the drop box, you must've lost it".


robert w
unless your company is in the dark ages u and tenant know all payments must be in Check or Money order, no cash accepted.
the reason is obvious.
u don't catch the staff member unless u want to loss ur job.
u check with upper management and get in writing from them an agreement to accept the tenant's payment late without penalty.
u work with tenant to recieve check or money order for current due rent.
u and tenant are going to pay 'stupid taxes'.
sorry life creates vacumns .


oliver1010
Rating
Sorry but you may be out of luck. Hopefully you will change how you collect the rent. Say by insisting on checks/money orders or that they hand the cash to a person and give out receipts.


?
If you believe them and they normally pay with cash maybe consider setting up a hidden camera a put cash through it again then watch the tape. I don't know what to say about making them pay again or not I don't know the rules there. But I assure you if someone took it once they will take it again!!


jspech22a
Rating
I agree with the first two answers. Rent should never be paid in cash. There should always be a back up or way of verifying it, even it that renter has to buy a money order. I mean seriously you don't pay for anything cash unless you are actually handing it to someone and getting a receipt.

As far as what to do now? Well it depends. Just how much do you trust this guy? With your life? If you honestly think he put the money in, I would try to think of the one person that works in the office you suspect the most. Ask indirect questions. Find out who's having money problems as of late. Find out who has a history of being untrustworthy, and/or mismanaging money. If you can pinpoint one suspect, talk to that person about what happened. Say, we think we know who did it, but if that person puts it back we won't fire him or her. It has happened in the past where people were stupid enough to put the money back, thinking they were busted. If they do put it back, of course fire that person anyway. It's at your discretion as to how to deal with it from there, no more cash payments, that's for sure.


Prav
First and foremost tell all your tenants not to pay in cash if dropping the money in the box. Cash should be hand delivered and a receipt issued on the spot.
Next, little point in going out hunting for a crook in the office if you dont even know what actually happened. If the tenant is an honest guy and has demonstrated that more than once before then you may have to w/off the debt and learn a lesson for yourself and him, albiet an expensive lesson.


Grouch
Wow. I am a property manager too.
I require all my tenants to pay by check.
Your tenant might be lying to you. I know there is no way to prove it but something sounds fishy. Let me know what happens.


miztiffany
Rating
If your policy is not to accept cash and they know this...then they are s.o.l. unless you've been accepting their cash payments prior to this.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy