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 Renting property advice?
I bought my flat to live in 18 mths ago, however i am now going to move in with my girlfriend & want to rent my flat out . How will this effect my morgage ie will the interest percentage go up if ...


 How negotiable are realtors on their list price?
Is it ok to offer 80%, kind of like buying a car? If the house is in ok condition....


 My year lease is up do I have to give 30 day notice or just move out? lease agreement doesnt say I do? LA,CA?
lease ...


 How do I find out who owns a property?
I am interested in applying for a grant to open up a former community center btu I don't know who owns the property at the moment. I'm in New York City, how do I ago about getting that ...


 Any landlords dealing with non-paying tenets out there?
Evicting is very expensive. Any other suggestions to motivate him to either pay or move out?...


 Is having a home inspection done a smart idea, even for a new construction home?
I have learned not to trust my builder since signing the initial contract back in February '07. We are going to closing in 2 weeks (June 25) and have been talking to a lot of friends who say we ...


 If my neighbor keyed my car, can I make the landlord pay for it?
We have these really rotten neighbors. They have stolen our stuff, broken our stuff and vandalized our stuff. The landlord refuses to get rid of them saying he has a "vested financial interest&...


 What happens if a person wants to take their name off a mortgage?
My daughter has a mortgage with two of her friends and one of them will be moving out soon to buy somewhere else with her boyfriend - they will still be in the fixed tie-in period - does anybody know ...


 How much land do we own down (depth)?
...


 If someone has to STRUGGLE to BARELY get a loan to buy a house?
If you can get excepted for a loan to buy a house, but you have extended you resouces to do so, will this be a challenge from month to month payments? Should you do this?...


 Is it wise to buy a condo and then rent it out to someone to build equity?
Probably something in the 80 to 100 thousand range. Would only be able to make a small down payment. Is this a good idea or waste of time and money? I am twenty one years old. Thanks for the imput....


 Paying Rent?
Do apartment complexes ever take partial rent payments? Say I needed to pay X amount but could only pay Y. Would they let me pay Y, and then the balance mid month plus a late fee? Has anyone ever ...


 I have a crappy landlord and my rent is due.?
I've lived in the house I rent for 3 years. 1 month after I moved in, leaks started springing everywhere, basement, kitchen ceiling, bathroom tiles started falling out, water from the roof ...


 Can the land lord have potential buyers walk though your apt, to look at it ?
I pay rent every month, but the place is up for sale, is it legally right too have people walk though to look at the place ?...


 Buying a home in a bad neighborhood?
My husband and I have the option to buy a nice 3 bed/2.5 bath home in a good area of San Diego for $480,000 which would make our payments somewhere between $3,000-$3,600 per month. We make decent ...


 If i am renting a home and my landlord is loosing it to a forclosure will the bank sell it to me?
...


 There is 100 acre farm behind my house and they are going to devleop it is there any way to stop it?
There will approx.100 homes and 70 acres off the land is woods.
Additional Details
The township where this is a very little laws about buildings and ...


 Why 70 years old house in Britain cost the same money as new luxury home in Poland? for example £220.000 ?
Why not to invest in above home in Poland instead of in Britain?...


 How to get the owner who want to sell or rent their condo/apartment? Pls help!!!?
I just started to be a real estate agent. I have a pool of tenants who want to rent a condomidium/ apartment, but I don't know how to get /reach the owner of the rental unit. The security of ...


 RAtS what can a rental tenant do?
What can you do about rats? Ive asked management over and over to take care of the problem and they have done nothing. The rats are in the trees around my balcony and rumage threw my things on the ...



cejones345
Landlords: Why is it your business whether your tenants have jobs?
As long as you have the money in your greedy little hand each month at the same time, why is it any of your business whether your tenants are working?
                     
 




lizzgeorge
Rating
Once you have a lease and have moved in, your landlord won't care whether you are working as long as you keep paying your rent. But when a landlord is screening tenants before any have moved in, he/she will usually only accept ones with an income stream.

If you need someone to pay you a large amount each and every month, why in the world would you pick a person with no monthly income over someone with a job? Think about it.


A.Mercer
I would say good business sense. It would be a bad move for a landlord to rent a unit to someone who does not have a job. If that person could show that they have a lot of extra money from something the landlord might make an exception. However, I would not bank on that.

The business of rentals is a hard one. Getting a renter who cannot pay for a month (or two if the landlord is nice) can ruin their profits from that unit. Remember, a landlord is running a business. They cannot afford to give their product away. They cannot afford to take chances on the people renting from them.


iceman
Rating
I'm not defending landlords here, because in my personal experiece I am not to fond of them either, but I would say the answer is ---They want to make sure the money doesnt run out. Anyone can save for a while and pay a few months rent, but when that money runs out( if you dont have a job) then it gets messy.
Im not sure where you live, but in my experience as long as you can give them first and last months and a security depost they dont scrutizine your employment all that much.


Sunidaze
Hmm...a bit touchy about something???

I'm going to guess (I'm not a landlord, but a tenant) that they want to know that you have a steady income in order to pay rent.


spot
Rating
You have to have a job that pays regularly. If not, your parents have to be paying you monthly or you have enough money that pays you interest/dividends to cover rent monthly, etc. All they need to see is your ability and willingness to pay monthly. If you show you have $1M in the bank, I'm sure that will be just fine, too.


adrianmanzano21
Rating
Because they can use it as an excuse not to pay. and It depresses them. I had a tenant who was just out of school, just started a job . lost it a month later, parents were paying her rent, and then left on bad terms depressed and misserable.

Make sure they are stable!


vulcan1623
Tenants don't have to be working to qualify, otherwise retired folks, those living off a trust or annuity, and the comfortably wealthy would be unable to rent. That said, people who aren't working normally have to demonstrate an ability to follow through either by independent verification of a regular income stream (such as dividend or annuity payments) or pay a substantial sum of rent in advance to qualify.

Remember, a landlord is handing an extremely valuable asset over to you. You're getting use of a property worth hundreds of thousands of dollars - and it's reasonable for the landlord to verify you have a reliable income if you're going to pay in installments rather than a lump sum.

As an aside, most landlords are regular folks who work for their money and have one or two rentals. Most of the folks I work with are older and have saved all their lives to put their property to work and provide a little bit of retirement income. They aren't "evil" or out to take advantage of someone. Sure there are bad ones, but no more than there are bad tenants - people are people.

Maybe one day you'll do well enough to have some real estate investments and other folks can put their rent money into your greedy little hand. All landlords aren't bad - just like all people who ask a question on Yahoo aren't angry.


greenshirt
They want to know you have a monthly income that can cover the rent. Try to excercise a little common sense before you ask stupid questions. If you don't want landlords in your business go buy your own place to live. But BEWARE the lender is going to ask about your employment, yes they want to know if you can cover the mortgage.


KathyS
A tenant having a job says responsibility and the ability to pay.


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