 Lodger taking drugs? |
| i am a lodger who smokes canabis at weekends, my landlord who i rent a room from is ok with it, but he is scared that i might set fire to my room, because he says his home insurance wont pay out ... |
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 Do most aparments have the same floorplan? |
| I know in one building they will most likely be the same, but I mean in most all apartments are they the same? We are going to move into an apartment sometime, and we are not sure which one yet, but I... |
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 Condo, house, or apartment? |
| I live in northwest indiana and my fiancee and I are planning on getting married in a year. What is a good website that will weigh the pros and cons of each of the above mentioned. He will have a ... |
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 When will the house prices go down in California? |
I live in southern California and the house prices are insane.
In my city the average home is about $550,000-$650,000
That is for a older home with about 1500 sqaure feet and ... |
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 Are the house prices falling in the uk? |
| i'm now in a position to buy my first home. should i buy now or wait until the prices fall a little????... |
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 I make $75,000 a year, can I afford a $250,000 house?? |
I have no debt other than truck payment at $525 a month for another 2 years.
Additional Details
I would not have the 10% to put ... |
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 Council house tenants? |
get a job or lose the house, can the govt do this? news earlier today.
Additional Details
karen b. i agree with ... |
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 Would you like to live in greece? |
| so sunny days...the beautiful med sea...ect....is that enough to make you want to choose the land of the ancient gods?... |
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 Are there any rights as a landlord to evict a tenant who I found out is an illegal alien? |
| I am asking this question for a friend and the reason is the person causes alot of problems but none are justifyable for eviction. The tenant recently told me he is scheduled to be deported because ... |
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 Is paying the landlord gas money an expected expense in my case?? |
My landlord insists on picking up the rent every month for my apartment. He lives 45 minutes away from my apartment.
When I am 3 or 4 days late with partial rent money and he has to come ... |
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 Money off rent..............? |
would it be fair to ask for money off rent cos we had mice in our rented house, we've lived here a year and a half and seen them recently
my friend said we could get a reduction on ... |
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 I live in an apartment with my daughter and my neighbor smokes marijuana? What do I do? |
| I have been living in an apartment complex for 3 years now, and just recently new tenants across the hall have moved in. Within 2 months, I the hallway has been filled with the smell of marijuana, ... |
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 My grandpa has a rental property but tenants are not willing to vacate it.They don't pay rent Anyideas? |
| He is a very old man and cannot run from court to court the tenants are trying to take advantage of his situation. The property is in a prime location. Few of the tenants are reporters and so no one ... |
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 Trailer parks? |
| when you live in a trailer park, do you have to pay for the trailer AND rent the lot, or do you just have to do one?... |
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JR | Should I deny a applicant bc 61% of his monthly wage will go to the rent? |
I have an applicant who monthly wage is $2000 and he is trying to rent a apartment for $1220. The owners of the apartment want to deny the applicant because he may have problems making rent. The applicant has a wife and a newborn child. If he earns more, the owners don't have a problem. |
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Josh E
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That's a pretty sweet apartment. Let him rent it... if he defaults, you can sue him for his child. |
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Chuck P
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The rule is 1/3 of his income should be for rent, but I would talk to the landlord about reducing the amount, $1220. for an apartment is ludicrous, not to mention greedy. Apartments are supposed to be for lower income families that can't afford a house, not for some greedy individuals to profit off of less fortunate. I feel the same way about all those trying to flip house for inflated costs they are only adding to the burden of those young families trying to start out. That's why they call them starter homes. And people wonder why there are homeless. |
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tennesseefrost
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they are living above their means. dont rent to them. It is obvious they cant keep up with the payments and need to budget their finances better. If he misses any work, they will be hurting. |
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dancing11freak
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He won't be able to support his family. If you deny him just be nice about it. Make sure you let him know you are just concerned that he won't have enough money left over after rent to pay for food and other expenses to help provide for his family. |
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HomesByDamon.com
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Meeka - use your brain and remove your emotions from the equation. If you were a landlord I'm sure you would want to know the renter's income and credit score as well. It's nothing personal but the landlord MUST know from a business perspective that the tenant can afford to pay the rent. |
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Injun
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With a new born and a wife, I think that an apartment at that price would be a mistake for that family to rent. If you deny him, you will be saving yourself and them a huge headache in the long run. I would have no problem denying him this rental... |
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Just here.
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I would deny him. Simply bc you would be doing him a favor. Having a newborn is expensive. How would he devote that much to rent, pay power bill, phone, and general living expenses....plus support wife and baby??? Not to mention if he has a car payment, credit cards etc. Its setting him up for disaster if you rent to him....for his sake only. |
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Sue
 |
Totally agree with Herx. The portion of income to rent is far too high against the family's income.
Before they default on the rent itself, you run the risk of them failing to clean, maintain and repair items that are their own responsibility.
Do you want to take the risk that their electricity is cut off, forcing them to use a space heater (fire hazard) or the pipes freeze? What if they accidentally knock a hole in a door or wall? If the waterbed leaks? If the baby (toddler) draws on the walls with crayons?
If this family experiences any other difficulty (car dies, medical expenses, whatever) the owner is sunk. |
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Herx
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The traditional rule is that monthly housing costs (excluding utilities) should be no higher than 25% of the monthly gross income. I realize your situation is a rental situation but in mortgage situations, lenders traditionally limited the monthly payment (including principal, interest, taxes and insurance, called PITI) to 25% of the monthly gross income.
Source: Retrieved from MSN Money.Planning.Savings on 24 July 2006
Knowing no other facts, I would deny the application if I were responsible for the decision. The rent will be just way too high for the applicant to pay. You are asking for trouble if you rent to him, IMHO.
The good news is you can protect yourself from any housing discrimination claims as long as you consistently apply this rule to all applicants. Keep the paperwork, even on your rejected applications, so you can prove that in court.
When you break the bad news to him, it softens the blow when you disclose this reason to him and he knows you are merely applying an objective industry standard and there is nothing personal about the decision and that your rejection in no way reflects upon his character. |
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mjgc
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I rent out a home. If I knew this info before hand I wouldn't rent to them. It could possibly cause problems later down the road. If you have other better qualified applicants rent to them and tell him your sorry the house has been rented. If not then talk to him and tell him your concerns, does he have a rental referal from where he lived before that you can verify payments? I would ask him to bring you a current copy of his credit file to see how he pays his other debts. You have a right to all this info. After all if he rents for you he is responsible for your property and the home. You would not want someone in your home who maybe would damage it or give you problems with maybe not wanting to leave etc if they can't pay. |
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carrliadiere
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It does sound a tad high, but surely as you're the professional you should be the one who knows?
The general rule of thumb is no more than 1/3 of your wages on rent or mortgage, I believe. |
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shetty b g
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Deny the Applicant.
He will be the probable defaulter. |
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msknowitall
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I hate to put somebody out on the street, but unless they can provide you with another source of income, you'd be silly to approve them. Groceries, diapers and utilities are sure to equal more than $2000 a month. |
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JD
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Yeah that isnt good unless he has a source of other income. With 2 dependants to support he isnt going to pay 60% of his income to just rent. Rent should be 40% or less. |
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pinkyismygirlfriendniluvhur
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hmmmmmmmm
talk with him, ask him how he intends to pay the rent
usually 25% or so makes for an ok life
he has a wife and kid though, could they rent a room to a nice quiet studious person? |
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Hot Coco Puff
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Unless there is a way for that family to get some sort of public aid to help pay with the rent, and/or there is income he is not declaring and you don't want to ask him how the is going to be able to afford to live there, then by all means do not rent to this family. 61% is too much. |
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Мəəĸά
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Why does the landlord even have that type of info? It's none of their business how much money the potential tenant does or does not make. When ever one rents out an apartment or property, they are taking the chance that maybe that tenant will not be able to pay the rent, why would this case be any different. Why would th potential tenant give that kind of info the the landlord anyway? |
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