Throwing a year's rent
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Throwing a year's rent (by GKARL [PA]) Mar 23, 2019 4:24 PM
       Throwing a year's rent (by NE [PA]) Mar 23, 2019 4:37 PM
       Throwing a year's rent (by Jeff [CO]) Mar 23, 2019 6:07 PM
       Throwing a year's rent (by GKARL [PA]) Mar 23, 2019 6:25 PM
       Throwing a year's rent (by small potatoes [NY]) Mar 23, 2019 6:51 PM
       Throwing a year's rent (by Moshe [CA]) Mar 23, 2019 6:51 PM
       Throwing a year's rent (by GKARL [PA]) Mar 23, 2019 8:04 PM
       Throwing a year's rent (by GKARL [PA]) Mar 23, 2019 8:04 PM
       Throwing a year's rent (by Ken [NY]) Mar 23, 2019 8:27 PM
       Throwing a year's rent (by Vee [OH]) Mar 23, 2019 9:07 PM
       Throwing a year's rent (by GKARL [PA]) Mar 23, 2019 10:06 PM
       Throwing a year's rent (by BRAD 20,000 [IN]) Mar 23, 2019 11:34 PM
       Throwing a year's rent (by Still Learning [NH]) Mar 24, 2019 5:50 AM
       Throwing a year's rent (by JR [ME]) Mar 24, 2019 6:10 AM
       Throwing a year's rent (by AllyM [NJ]) Mar 24, 2019 7:04 AM
       Throwing a year's rent (by GKARL [PA]) Mar 24, 2019 7:16 AM
       Throwing a year's rent (by Oregon Woodsmoke [ID]) Mar 24, 2019 7:54 AM
       Throwing a year's rent (by Barb [MO]) Mar 24, 2019 8:03 AM
       Throwing a year's rent (by Nicole [PA]) Mar 24, 2019 9:54 AM
       Throwing a year's rent (by GKARL [PA]) Mar 24, 2019 1:31 PM
       Throwing a year's rent (by Wilma [PA]) Mar 25, 2019 10:34 AM


Throwing a year's rent (by GKARL [PA]) Posted on: Mar 23, 2019 4:24 PM
Message:

This may be an extreme case of throwing money. Here's the situation. Applicant was in a car accident, sued and received a settlement. Is currently unemployed but is willing to pay a full year's rent in advance and provide bank statements to back up the money in the bank to cover utilities. PA Courts shows a single felony charge of theft by unlawful taking-movable property. Sentence was a 250 fine plus court costs. That charge was last summer. She was paying that in installments and just made a lump sum payment yesterday to clear the balance (I can't believe how current PA Courts is). She did not lie on the question on the pre-screen (I need to add an explanation area to that question).

Thoughts?

--64.121.xxx.xxx




Throwing a year's rent (by NE [PA]) Posted on: Mar 23, 2019 4:37 PM
Message:

Suing is in her blood, pass. --174.201.xx.xxx




Throwing a year's rent (by Jeff [CO]) Posted on: Mar 23, 2019 6:07 PM
Message:

Aside from that, what are your impressions of her? There is nothing wrong with suing when you are a victim in a car accident. The theft stuff sounds minor. --76.120.xx.xx




Throwing a year's rent (by GKARL [PA]) Posted on: Mar 23, 2019 6:25 PM
Message:

I've not met her. Had a telephone conversation and requested that she complete the prescreen. My only impression is that she's earnest about pre paying the rent. App says she wants a change of environment. Sounds like a bad relationship. --208.54.xx.xxx




Throwing a year's rent (by small potatoes [NY]) Posted on: Mar 23, 2019 6:51 PM
Message:

there's the rub, the relationship will follow, or the prospect will land in another bad relationship because she has low self esteem or has not had an example of a healthy relationship in her life. I just went through this w/ the tenant I evicted. She had financial support from work, via an emergency aid fund, was leaving a bad relationship. Landed on her feet for a while, then got flaky, and started lying. I learned she left the job that gave her money, and put a stop payment on rent check, while telling me she would be by with the next month check. In the end she said she got into another bad relationship, and made poor choices.

GKARL, you have prolly had many, many tenants, what does your gut tell you? or how do you think your market is and is the funds up front attractive?

--24.194.xx.xx




Throwing a year's rent (by Moshe [CA]) Posted on: Mar 23, 2019 6:51 PM
Message:

All depends on your market.

If you pass this one up, what are you likely to find instead?

--47.139.xx.xxx




Throwing a year's rent (by GKARL [PA]) Posted on: Mar 23, 2019 8:04 PM
Message:

I think the theft thing is minor, but I need an explanation. The only way I'd rent to someone like this would be a pre-payment as she proposes. I'd probably put her on a m2m lease, assuming all checks out, and give her a monthly accounting of the prepayment. I would put the money in a separate account and withdraw as earned and if I had to can her, refund the balance. I could probably get a cleaner situation with another tenant with patience but that would take a month, so that would mean a vacancy for April. I'd use the downtime to upgrade the unit and increase the rent. If I go with her, she'd likely take the unit as is. Ideally if she could give us a couple of weeks, we'd upgrade it for her with the idea of keeping her longer. I would make her re-apply within a year to update me on job status and the ability to pay the rent. --209.122.xx.xxx




Throwing a year's rent (by GKARL [PA]) Posted on: Mar 23, 2019 8:04 PM
Message:

I think the theft thing is minor, but I need an explanation. The only way I'd rent to someone like this would be a pre-payment as she proposes. I'd probably put her on a m2m lease, assuming all checks out, and give her a monthly accounting of the prepayment. I would put the money in a separate account and withdraw as earned and if I had to can her, refund the balance. I could probably get a cleaner situation with another tenant with patience but that would take a month, so that would mean a vacancy for April. I'd use the downtime to upgrade the unit and increase the rent. If I go with her, she'd likely take the unit as is. Ideally if she could give us a couple of weeks, we'd upgrade it for her with the idea of keeping her longer. I would make her re-apply within a year to update me on job status and the ability to pay the rent. --209.122.xx.xxx




Throwing a year's rent (by Ken [NY]) Posted on: Mar 23, 2019 8:27 PM
Message:

what good would reapplying in a year do? she either pays or she doesn't,not like if she doesn't qualify she just goes poof and you can start over,if she doesn't qualify in a year you would still have to evict --72.231.xxx.xxx




Throwing a year's rent (by Vee [OH]) Posted on: Mar 23, 2019 9:07 PM
Message:

Put her rent in an escrow account and send a statement every month that shows the reductions for damages and actual rent paid, no mixing any funds.

--76.188.xxx.x




Throwing a year's rent (by GKARL [PA]) Posted on: Mar 23, 2019 10:06 PM
Message:

Ken, I would start the reapplication process a month early and if she doesn't qualify, I'd non renew the agreement. I don't want to get out there a year from now after the money runs out and she either doesn't have a job or the one she doesn't have doesn't give enough income. --209.122.xx.xxx




Throwing a year's rent (by BRAD 20,000 [IN]) Posted on: Mar 23, 2019 11:34 PM
Message:

G,

Wow! We hear "I'm getting a big insurance settlement" all the time. You actually found that unicorn!

A $250 fine is incredibly minor. Maybe shoplifting a candy bar or a bicycle!

I'd take the year of rent - nothing to lose. Even the folks we accept with jobs can quit or be fired tomorrow.

BUT...

The danger is her leaving early and demanding a refund if the lease says $XXX per month.

Gotta re-write the lease to show that total rent amount is for a specific period of time, even if the res leaves early. Example: rent from Jan 1 to Dec 31 is $10,000 to be paid in one payment of $10,000.

Yes, review a fresh app 10 months in.

Go for it!

BRAD --73.102.xxx.xxx




Throwing a year's rent (by Still Learning [NH]) Posted on: Mar 24, 2019 5:50 AM
Message:

Bad relationship, theft, law suit. For me, that spells drama. --24.61.xxx.xx




Throwing a year's rent (by JR [ME]) Posted on: Mar 24, 2019 6:10 AM
Message:

Oh my!

So much drama!

She hangs around the house in her pajamas.

She’s got lawyers on speed dial

Soon you’ll be with her at trial

If this drama mama gets into your rent-o-rama

--98.13.xx.xxx




Throwing a year's rent (by AllyM [NJ]) Posted on: Mar 24, 2019 7:04 AM
Message:

I am getting a no on this one. The theft is a problem. She took someone else's property and it was large enough to be a problem and land her in court. Maybe she was shoplifting. Put the car accident on top of that. Not wearing seatbelt maybe? Has to pay 250 in installments? But it's the theft that stands out and she is not working. Either her injury is going to be a problem or she is just going to keep sliding until her money is gone. Why does she want to pay all the rent at once? Does she not trust herself to pay it? I realize that you have a tenant population that has frequent personal difficulties but the theft is an issue. That is either complete desperation or a really bad person. I would put her on month to month and not take a year's payment if you really think you can handle her. --173.61.xxx.xx




Throwing a year's rent (by GKARL [PA]) Posted on: Mar 24, 2019 7:16 AM
Message:

The fine was $ 250, the court costs were another $ 1000. She was paying $ 25/mo and then paid a lump sum to clear it on Friday. This is a young person also. About 20 years old. --64.121.xxx.xxx




Throwing a year's rent (by Oregon Woodsmoke [ID]) Posted on: Mar 24, 2019 7:54 AM
Message:

The theft wasn't minor if it was a felony. Shop lifting a candy bar is a misdemeanor. Felony is something stolen valued over $500 (probably the $ amount varies by jurisdiction) And she wasn't able to plea bargain it down to a misdemeanor, so it was something serious.

I automatically reject anyone who offers a year in advance, hoping I will be greedy and grab the money instead of checking them too closely.

I also automatically reject felonies.

This gal is a bit vague in her understanding of what belongs to her and what doesn't. --98.146.xxx.xxx




Throwing a year's rent (by Barb [MO]) Posted on: Mar 24, 2019 8:03 AM
Message:

I probably would take her. I would write the lease as an annual one fully paid and no refunds if she decided to leave early.

I did one of these a couple of years back with a widow and life insurance benefits. She is going on year 3. She now pays extra in good months and I keep her account in a Google sheet she can see. Occasionally has to dip into her prepayment but then gets ahead again. --172.58.xxx.xxx




Throwing a year's rent (by Nicole [PA]) Posted on: Mar 24, 2019 9:54 AM
Message:

I think those charges are for not returning your BlockBuster (smiley face) videos or your RentACenter furniture. --72.70.xxx.xxx




Throwing a year's rent (by GKARL [PA]) Posted on: Mar 24, 2019 1:31 PM
Message:

Just met her and nope. Vibes were far different in person vs the phone. The charge was due to her taking her boyfriend's car without permission. That was stupid. I suspect she's a drama queen. --172.56.xx.xxx




Throwing a year's rent (by Wilma [PA]) Posted on: Mar 25, 2019 10:34 AM
Message:

Good call, GKARL. By the way, to the best of my information, PA requires that if you collect more than 3 month's (I think that's the number) up front, there has to be some kind of financial advantage to the tenant by paying that way - in other words, a discount from your standard rent. College rentals are usually like this - pay the entire semester up front, and the total is less than what those 4 months would have cost if billed by the month.

I've only done this once, and it was MY idea. I had a very good prospect with an excellent long-term job. She was in the midst of a divorce, and the parents were to share custody. As the terms were not yet finalized, she did not know yet who would get the tax breaks for dependent children on their tax return. Were she to get no tax break, she would have likely run into financial trouble at the price point of my rental.

As the finalized decree was 4 months off, I proposed a six month initial lease, with full payment up front, and then MTM thereafter, if she was successful at getting the tax breaks. If she was not, she could move on without drama. My "discount" was that I set the rent at the normal per month amount, rather than our usual bump-up of 10 - 20% for short term leases.

It worked out for all involved. She borrowed from her folks to pay up front, was awarded the tax breaks, and stayed for a full two years before buying a house around the corner (like I said, she had an excellent job). I was happy, and the state would have been happy had they stuck their noses into my rental affairs.

I just wanted to let you know about that PA ruling, as tenants of smaller means are probably more likely to squawk to the state if they get cranky for any reason. --71.175.xxx.xxx





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