 How formal do I need to dress as a real estate agent? |
| I am starting as a real estate agent next week and really want to rock my new job. It seems like many of the agents I meet wear suits. Do I need to wear pant and skirt suits when I am meeting ... |
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 How come they want a bid on a house then have a home inspection? |
| don't you want to know whats wrong first and adjust the bid accordingly.just like buying a car,you see there price and go to a shop to check it out and then haggle over the price of whats wrong?I... |
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 My tenancy agreement says no more than 3 in my home, my pregancy will make us four can they evict us? |
| My husband and I are renting and have a toddler, my tenancy states I can not exceed the amount of people beyond 3, I have discovered I am pregnant again, is this grounds for eviction once the baby is ... |
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 Can you take anything if your house is foreclosure? |
| if you have to be out of your house a certain date cause your house is foreclosure, can you take anything? like fridge, washer dryer..... |
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 Is it possible to refinance? |
| I bought a new home 1.5 years ago and paid 290k and did an 80/20 loan. The loans are interest only 1st 10yr 232k @6.5% and 58K@11.5% . Since the decline of the FL market the house is probably worth ... |
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 Landlord problems? |
We have been living in a property for 7 months now and our shorthold tenancy has just switched to 'month to month'. (it was for 6 months)
do they have to give 1 month, or two ... |
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 How do you go about buying your first house? where do you start,bank or Realtor? |
Additional Details
This will be in my boyfriends name since he is the one with the good credit. Will they want my credit history? Will that hurt our chances?... |
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 How much can we afford to pay for a house? |
| I know the best answer to this is to contact a professional but we aren't at that stage yet. I was just wondering if anyone could tell me about how much we can afford to spend on a home if we ... |
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 What is a realtor allowed not to disclose when selling a house? |
| What information can a realtor hide from you if the realtor has been made aware of it.... |
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 Can we go after the realtor, or home inspector? Who is responsible? |
| We purchased our home in July 08'. About two weeks after moving in the sewer flooded our bathtubs. We had it cleaned, and thought all was well. Since then it flooded the bathroom two times, and ... |
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 How much do you think my husband and i can get a loan for a house? |
| Together a month our income is $11,000 and a year our income together is $145,000... |
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 Interest rate for mortgage payment help? |
What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for 30 years?
Additional Details
Anyone know how to calculate this?... |
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 Landlord problem, tenants how would you handle this? |
| We have been living in the same small apartment for near 3.5 years now and new Management just took over and they are no offense Nazi's, well in their tactics that is. This 5 apartment complex ... |
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 Is a landlord allowed to go in your house when your not home? |
| my landlord called me last night and left a message that she had to come by and check the bathroom because the downstairs neighbors said there was a small leak, before i even got a chance to call her ... |
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 When renting out your home, can the tenants switch all utilities to their name? |
| we're in los angeles, and instead of billing the tenants, i'd rather they switched everything over to their name. power, water, trash, gas, tv, phone--everything. can that be done or do i ... |
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 My husband is getting relocated. What should we do about our lease? |
| We live in arizona and my husband is getting a promotion and we have to move Las Vegas but we have a rental agreement. Any suggestions??... |
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| How do I save my home from Foreclosure when I already have a Sheriffs sale date,and nobody will refinance us s |
| Since April 06 our adjustable rate mortgage has gone from 7%up to 11.5% which has forced us into Foreclosure.We love our home VERY much but are going to lose it.CAN ANYBODY HELP US? PLEASE PLEASE PL... |
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Irene S | I want to rent out my house. How can I find a renter that I can trust to pay their bills? |
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Trouble
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Finding a reliable renter that will pay the rent on time, keep the utilitiy accounts current and not damage your place is a process.
First off, you need to make yourself very familiar with your state's landlord tenant laws. Purchase a couple of books about landlording and read them. Join a local landlord association - you will get lots of great info from such a group.
You need to have a written rental criteria, which is your standard for a renter. If a renter does not meet all criteria, they are denied.
EX:
Income at least 3 x rent.
2 years stable job/income.
2 positive prior landlord references.
No evictions, felony convictions, judgments, bankruptcies, good credit (current on accounts & debt to income ratio), etc.
You need to have a good application. One can be found here:
http://members.aol.com/rolotaz/application.pdf
You need to contact prior landlord's to get a reference. Make sure that you are actually speaking to the landlord and not a family member or friend pretending to be a landlord.
You also need to verify employment and income.
You would then search court records, most can be searched online at no charge, for evictions, Small Claims & Civil judgments.
Next would be a criminal records search. You may have to pay for this service online. You can also go to the local Police station for a records search.
Finally, you will need to run a credit check.
I highly recommend: http://www.clearscreening.com
They do not charge a sign up or annual fee. Once you have signed up and provided the necessary documents to prove ownership of the property, you can get access to reports instantly on line for a per report fee.
Once you have found a good applicant, have them sign a holding fee agreement and put down at least one month's rent as a holding fee.
Collect the maximum security deposit allowed by your state's landlord tenant laws. If there is no maximum amount, request at least 2 months rent.
Have a solid lease that complies with your state's landlord tenant laws. Make sure that your lease covers utility responsiblities.
Have whatever lease you settle on looked over by an attorney that specializes in landlord/tenant laws. Keep that attorney's number handy in case you run into problems once the tenants move in. |
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Ron Berue
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Thanks for asking this Q! This IS one of my favorite Qs!
Here's what we do:
Any prospective tenant pays us to investigate them. When their applications are selected, this money is not refundable.
We DO ALL of the following:
A] We have a credit report drawn from a reputable credit reporting agency.
B] We verify employment AND income.
C] We contact present & previous landlords and agents. We want to make certain they are paying and paid their rent on-time or ahead-of-time. We ask previous landlords and agents about the cleanliness.
D] We do an investigation at the county court house and with the local district court to find out if anyone was in trouble for anything other than minor traffic violations or citations.
E] We go to each applicant's present residence to see how the applicant AND his/her/their landlord or agent keeps the property. We give them about 2 to 24 hours notice. When they don't have a phone, they can expect to see any one of us at any hour of the day or night.
When any applicant does not pass any aspect of the credit investigation, we give them back the deposit.
There are other stipulations, BUT this is how we make certain we get ONLY THE BEST residents for our properties.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name! |
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Girls M
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As a landlord this is what I do. I advertise the house over my expected amount. If the apartment is worth $600, I advertise for $750. I get a different class of potential tenants, eliminating all the riff raff that can afford the low rent. I ask for credit history, references from work and past landlords. If they don't want to supply this, then I don't consider them as a tenant. As far as the rent goes, if you really like a potential tenant, but the rent is too high for them, you can always negotiate the rent. This way your relationship with the tenant starts off on the right foot, and they will do anything to have a keep that good relationship. I have done it this way for the past 8 years out of 12. I found doing it this way, my tenants stick around longer, keep the maintenance up on the apartment, give me less problems and they always leave the place looking great before they leave. You have to give a little to get a lot. |
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angelr1790
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Do Interviews, Back ground checks and Ask for a Deposit and never rent to family or family of family, if you want your money......lol |
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EDDIE F
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Great post! I completely understand your question. Money is hard for a lot of people right now since the enconomy is going down. My friend told me about this website of an organization that gives people up to $1500 towards their rent or mortgage. It's available in most areas, so I think you should check it out.
http://www.jppst.com
Hope this helps! |
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taurus_0404
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Have them sign and fill out an application, and in the application, request their social security number. Have them sign agreeing and giving you permission to pull their credit report. By using their credit report, you will be able to see if they pay their other creditors on time. The best predictor of future behavior will be their past behavior. |
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SEOGuy
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Get a good background check from a reliable source. |
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Samone
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By asking lots of questions
Check references. Do a credit check. Confirm their employment. Ask for their current landlord.
The onus is on you to do your homework before agreeing to rent to anyone. Failing to do this will result in a horrible situation nearly every time |
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Jerry M
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That depends, where is the property located? Find out the demographics first and see what is the average salary earning potential where the property is located. Then if you want honest renters, you may contact friends from your local church. Also, make sure that you live close by the property; I hope you don't live more than 50 miles away from the property.
You can advertise at the local newspaper and run his credit report and if it is less than 650 don't rent it to this individual. |
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S. M.
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Interview LOTS of applicants. Do background checks. Charge a hefty security deposit. |
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dov20051
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Charge first, last and security deposit. Also call one of the 3 credit reporting agencies and ask how you can check on their credit report. Finally, if I were you, I would not rent to anyone under 35 and unmarried. The age and type of their car can tell you a lot too. Some of this is not legal but I'd do it anyway; it's your property, not the governments. |
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Dennis
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Rent it to Section 8. Your guaranteed the government portion of the rent every month. If they do any damage the state will pay for it.
If they don't pay their part of the rent and the Housing Department back for any damages they do then their thrown out of the program until they do. So most do. If I had a rental property they are who I would rent to. |
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