Whos leaving units empty? (by NE [PA]) Sep 23, 2020 8:04 PM
Whos leaving units empty? (by Robert J [CA]) Sep 23, 2020 8:54 PM
Whos leaving units empty? (by MikeA [TX]) Sep 23, 2020 9:24 PM
Whos leaving units empty? (by 6x6 [TN]) Sep 23, 2020 9:27 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 9:38 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 9:45 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 9:57 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 10:04 PM
Whos leaving units empty? (by Gene [OH]) Sep 23, 2020 10:12 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 10:13 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 10:25 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 10:30 PM
Whos leaving units empty? (by Tm [IN]) Sep 23, 2020 10:36 PM
Whos leaving units empty? (by on [WI]) Sep 23, 2020 10:44 PM
Whos leaving units empty? (by Dee Ann [WI]) Sep 23, 2020 11:03 PM
Whos leaving units empty? (by Ken [NY]) Sep 23, 2020 11:05 PM
Whos leaving units empty? (by Mike [TX]) Sep 23, 2020 11:52 PM
Whos leaving units empty? (by JKJ [MA]) Sep 24, 2020 5:48 AM
Whos leaving units empty? (by Lynn [MA]) Sep 24, 2020 7:13 AM
Whos leaving units empty? (by myob [GA]) Sep 24, 2020 7:33 AM
Whos leaving units empty? (by razorback_tim [AR]) Sep 24, 2020 7:47 AM
Whos leaving units empty? (by RentsDue [MA]) Sep 24, 2020 10:30 AM
Whos leaving units empty? (by Allym [NJ]) Sep 24, 2020 10:38 AM
Whos leaving units empty? (by Annie [IN]) Sep 24, 2020 11:07 AM
Whos leaving units empty? (by S i d [MO]) Sep 24, 2020 11:11 AM
Whos leaving units empty? (by Oregon Woodsmoke [ID]) Sep 24, 2020 12:18 PM
Whos leaving units empty? (by Johnny B. [MA]) Sep 24, 2020 3:24 PM
Whos leaving units empty? (by BRAD 20,000 [IN]) Sep 24, 2020 4:17 PM
Whos leaving units empty? (by myob [GA]) Sep 24, 2020 5:12 PM
Whos leaving units empty? (by Robert J [CA]) Sep 24, 2020 6:30 PM
Whos leaving units empty? (by NE [PA]) Sep 24, 2020 6:37 PM
Whos leaving units empty? (by on [WI]) Sep 24, 2020 8:53 PM
Whos leaving units empty? (by BRAD 20,000 [IN]) Sep 25, 2020 2:36 AM
Whos leaving units empty? (by Hollis [MA]) Sep 25, 2020 7:10 AM
Whos leaving units empty? (by RentsDue [MA]) Sep 25, 2020 7:28 AM
Whos leaving units empty? (by NE [PA]) Sep 25, 2020 7:44 AM
Whos leaving units empty? (by Ray-N-Pa [PA]) Sep 25, 2020 8:29 AM
Whos leaving units empty? (by RB [MI]) Sep 25, 2020 8:34 AM
Whos leaving units empty? (by Smokowna [MD]) Sep 25, 2020 8:43 AM
Whos leaving units empty? (by Allym [NJ]) Sep 25, 2020 10:40 AM
Whos leaving units empty? (by Britt [NC]) Sep 25, 2020 2:05 PM
Whos leaving units empty? (by NE [PA]) Posted on: Sep 23, 2020 8:04 PM Message:
Smoke-MD said in another thread that he/she has units sitting empty. I have a unit empty right now and I'm really not against letting it sit empty for a few months.
Anyone else leaving them empty? At a minimum, I will make it next to impossible to qualify. --70.44.xxx.xx |
Whos leaving units empty? (by Robert J [CA]) Posted on: Sep 23, 2020 8:54 PM Message:
I am leaving 2 luxury units vacant. They are large and can house a large family. Because I can't evict a new tenant for 6 months, and they aren't required to pay me rent until March 2021, I'd rather leave them empty....... --47.155.xx.xxx |
Whos leaving units empty? (by MikeA [TX]) Posted on: Sep 23, 2020 9:24 PM Message:
Only until I can find a qualified tenant. I am tightening up the criteria for COVID stable jobs (more restrictive against service industry) and may ask for first and last months rent up front. My first vacancy since June is coming up in a couple of weeks, I had lots of highly qualified applicants then so I'm hoping the market hasn't softened. While I'm a little concerned about the CDC moratorium, I'm planning on addressing it with a little tighter screening and more money up front. I won't rush to fill it though if a good applicant doesn't appear. --64.130.xx.xxx |
Whos leaving units empty? (by 6x6 [TN]) Posted on: Sep 23, 2020 9:27 PM Message:
I can completely understand why someone would these days however I am guessing that Jeffrey and others would say that you are loosing money or leaving money on the table.
Just screen very well and don't get in a hurry. --73.120.xx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 9:38 PM Message:
I just signed a lease with a previous tenant i had for 11 years,
She moved into one of the new apartment buildings created with I dont know who whoes money.
Will just see if this gets past the scrubbers
--66.97.xxx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 9:45 PM Message:
might be a different point of view.
But that is a good ting.
--66.97.xxx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 9:57 PM Message:
I showed this place to over 20 people/families.
The price point is 700 plus utiluties --66.97.xxx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 10:04 PM Message:
Regardless of this chinese induxed plague --66.97.xxx.xxx |
Whos leaving units empty? (by Gene [OH]) Posted on: Sep 23, 2020 10:12 PM Message:
I've had a tough time finding a qualified tenant for my most expensive property (SFH). So I've taken it off the market. Trying to decide if I want to raise the asking price several hundred dollars or lower it some. I'm seeing some high end apartment complexes offering some deals to entice people to rent.
I think due to COVID, the best tenants are staying put due to the uncertainty of the times.
I still consider an empty property better than renting too hastily to an unqualified tenant. --99.165.xx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 10:13 PM Message:
I had a few that could pull there weight.
But the jerry springer thing with some
I use wcca from the state lookup
I feel sorry for the little ones its not there fault --66.97.xxx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 10:25 PM Message:
I advertised my house for rent in the news paper. With the address and my phone number.
30 years and not a problem.
I understand I opened my self up to the abuse
--66.97.xxx.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 10:30 PM Message:
gimme a break
--66.97.xxx.xxx |
Whos leaving units empty? (by Tm [IN]) Posted on: Sep 23, 2020 10:36 PM Message:
nope. 9 empty for various reasons, filling fast as I can. With that said, IN lifted it evictions mortitorum. Just have the CDC one to deal with...
Locally, market red hot. Raised rents. --174.221.x.xxx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 23, 2020 10:44 PM Message:
For anyboby that is interested about the squirrels.
3 more and 4 chipmunks
Killed them all and will let god decide
if you wanna bust my balls for that.
Lets trade shoe
l
l --66.97.xxx.xxx |
Whos leaving units empty? (by Dee Ann [WI]) Posted on: Sep 23, 2020 11:03 PM Message:
Was having trouble getting qualified applicants until I had a former tenant post an ad for a roommate. We got lots of calls and 3 good candidates. I kept the one who came to see the place with her mom, I didn't trust the second one I met in person and she ended up backing out. Really wanted the third, but she backed out due to riots and COVID. We changed the ad a bit and it's up again, but I am happy to leave the one person at the "roommate" rate and paying the utilities. I've done that a few times in different places if they are qualified. This one is a young professional who works at home until COVID gets under control. Last year I let a unit stay empty 6 months.
What City in Wisconsin are you by? I use wcca as part of our screening, but getting a few out of state applicants so will have Jeffrey's people do the screening if they get that far. --75.11.xx.xx |
Whos leaving units empty? (by Ken [NY]) Posted on: Sep 23, 2020 11:05 PM Message:
I filled my last vacant unit in april and he is paying ok.I have tightened up my screening,must be perfect,i am not the landlord for second chances --104.229.xxx.xxx |
Whos leaving units empty? (by Mike [TX]) Posted on: Sep 23, 2020 11:52 PM Message:
I’ve got one place been vacant for 3 weeks and it will stay that way till someone good comes along. Right now getting all the people who need to move in tomorrow. Lol ....next! --73.166.xxx.xxx |
Whos leaving units empty? (by JKJ [MA]) Posted on: Sep 24, 2020 5:48 AM Message:
I’m not leaving 1 empty but I up’d my screening and criteria due Gov. Bakers love for extending the eviction moratorium even though he brags how well the state is doing with COVID numbers. So I fully expect it to sit empty for much longer than usual. I’m not against renting it, I’m just not in a rush. --73.17.xxx.xxx |
Whos leaving units empty? (by Lynn [MA]) Posted on: Sep 24, 2020 7:13 AM Message:
I hear from my attorney today that the MA eviction moratorium is not likely going to be extended. --66.30.xx.xx |
Whos leaving units empty? (by myob [GA]) Posted on: Sep 24, 2020 7:33 AM Message:
Beginning of the week I had one no pay-- but promise it was coming and one (h-depot warehouse) person half pay.
Thursday the no pay did and the half pay is balance Friday.
With courts closed and backed up we've gone to 3K deposits.
WE HAVE NO INTENTION ON LEAVING $$$$ ON ANY TABLE BUT OUR OWN.
We do file with the court-- since we can do it electronically. We print off our copy and hang it on tenants door. The call comes in "I thought courts are closed" no we file electronically. "WHY DID YOU DO THAT"?
Really that's the question-- WHY! So to be honest and OHWHATS the WORD EVERYONE LOVES yea TRANSPARENT we tell them. Why you didn't pay and the owners want to be sure it's on the books for all to see. YEA TRANSPARENT!!!!
--99.103.xxx.xxx |
Whos leaving units empty? (by razorback_tim [AR]) Posted on: Sep 24, 2020 7:47 AM Message:
I am not intentionally leaving them vacant, but I am being very diligent in my screening. Screen for stability and jobs that aren't COVID sensitive. Here small claims judgments and garnishments are easy, so collection might take some time but I should get it eventually even if something happens. --70.178.x.xx |
Whos leaving units empty? (by RentsDue [MA]) Posted on: Sep 24, 2020 10:30 AM Message:
Interesting post. I have had one vacant since June. I am advertising for about a month and had about 150 hits . I’ve shown it to 3. My screening criteria was always high, but now it is borderline obnoxious. Adding proof of current rent to the application really was a game changer. I’m getting a lot of emails from people who want to move ASAP and have cash in hand. I can’t help but think that the cash is the cash for keys from their current LL and that’s what the rush is. --68.118.xxx.xx |
Whos leaving units empty? (by Allym [NJ]) Posted on: Sep 24, 2020 10:38 AM Message:
I have an empty. I am considering leaving it that way. I have a tenant upstairs in a one BR and the empty is 2 BR. There is a shared heating system so I would not like it to sicken someone upstairs. He's an opera singer. Was supposed to be in an opera at the Met in spring but the shutdown happened. He has separate baseboard heat and I might be able to cover the ducts up . Not sure what that does to the heater's need for air. I can because my 401K with TIAA has gifted me bigly due to this Pres. --71.104.xx.xxx |
Whos leaving units empty? (by Annie [IN]) Posted on: Sep 24, 2020 11:07 AM Message:
We have a number of empties, and until we find a good tenant, they will stay that way. We have 2 small apartment complexes, so it is not as big a burden to leave empties until the situation improves.
We also have a Mobile Home Park, finally were able to evict a deadbeat tenant earlier this month. He was 2 months behind when the virus hit (mobile home lot rent -- owned his own home), but could not get into court until 10 days ago. Judge would have none of the COVID nonsense -- he was behind before the moratorium and he had not lifted a finger to pay anything in the meantime, and had not made a good faith effort to get help. He has to move the home by 10/10 -- probably will end up with an abandoned home. Our model for the Park is Owner occupied homes only, so we don't have rentals in it.
The prospect pool for the apartments is one of the leanest we have ever had in 11 years of multi-family. Lots of people wanting to double up in one of our units; but they don't have money, they don't have rental history (or bad rental history), so we will not take them.
Their poor choices in the past has come back to haunt them. --209.132.xxx.xxx |
Whos leaving units empty? (by S i d [MO]) Posted on: Sep 24, 2020 11:11 AM Message:
Diligent screening and maximum deposits on any vacancies. And frequent, inside inspections to find issues not related to unpaid rent.
The Govt has made it LESS LIKELY that marginal tenants, once moving, can find anywhere else to go. I think this will persist into the future somewhat, as land lords now know the Govt has both the will and the capacity to make it impossible for us to enforce contracts. I can't trust the Govt to allow me to do what is necessary to run a profitable business renting to anyone but the best quality tenants for my humble Class C abodes. --107.216.xxx.xxx |
Whos leaving units empty? (by Oregon Woodsmoke [ID]) Posted on: Sep 24, 2020 12:18 PM Message:
(touch wood) My tenants are all good and all paying.
All but one are essential workers. The last one sells expensive fishing boats on commission. I figured he was toast, but the public has gone crazy buying brand new boats (and new cars) and both of the big boat dealerships in town have nearly empty lots.
The place where my tenant works usually has about 30 boats to choose from. Now there are six sitting out on display. My tenant is their top salesman, so I hope he is all set for a little while.
I really do not want to be screening for a new tenant in this market. There are vast herds of people fleeing the big cities, trying to move here to work remotely. They can be difficult to screen and often have big city ideas that don't fit into the local culture. --76.178.xx.xx |
Whos leaving units empty? (by Johnny B. [MA]) Posted on: Sep 24, 2020 3:24 PM Message:
I filled 3 units this summer. There are still good tenants out there. Just do your due diligence and you will be fine. --24.147.xx.xxx |
Whos leaving units empty? (by BRAD 20,000 [IN]) Posted on: Sep 24, 2020 4:17 PM Message:
Again I am the odd man out.
Fortunes are made in downturns. But I see this as an upturn for LLs.
We just signed 3 leases in the past 2 days. Filled 8 vacants in the last 2 weeks, middle of the month.
We increased all rents by $100 minimum. Doubling deposits. The govt FORCED us to make it harder for an applicant to rent.
Applications are flooding in. MANY are decent as evidenced by all the leases we signed.
Even if they don't pay the the GOVT will not allow their heat - which is protecting MY pipes - to be shut off for non-payment during winter. In some ways THAT is better than normal.
The res will pay to keep the heat on.
Hang on, if a liberal pres is elected this pattern of renter protection will only get bigger.
It's a mistake to cower in fear. (I sound like my buddy NE!) LEARN to screen deeper, have a great lease, and tighten your management.
We've had it too good for a long time. New LLs don't know how to adapt to make it thru tough times.
But in my MIND it's not tough, it's BETTER.
Rent on!
BRAD --73.102.xxx.xxx |
Whos leaving units empty? (by myob [GA]) Posted on: Sep 24, 2020 5:12 PM Message:
my posts the last few months have shown we are getting 200 to 250 more a month and increase in deposits from the regular one month to 3 times rent. 2500 to 3K.
BRADS just keep telling them cause they ain't listening!!!!!
We are inundated with applicants from the NEast not NE. Now the west is showing up. With rents much Lower than they're use to BTW.
My problem is I can't get people to leave-- they all want to sign back up and there calling me about not getting their lease renewal. They're afraid to lose the lease cause there's no where else to go. --99.103.xxx.xxx |
Whos leaving units empty? (by Robert J [CA]) Posted on: Sep 24, 2020 6:30 PM Message:
As I posted I'm not showing TWO LUXURY UNITS, doesn't mean that I'm not trying to find the "Right One" who exceeds my minimum requirements.
You'll want to know how this is done! Why? Because if I show a vacant unit and don't give out an application and process it, I will guilty of discrimination....
So when another tenant recommends someone, either friend or family, I ask my tenant and not the proposed applicant the important questions:
Job, Income, total number of occupants..
Then I have my current tenant show them another unit in the building that is similar to the vacant unit.
All this is done without me saying a word to the applicants. I can watch them from another unit, out of a window to see if they are well behaved children, dressed appropriate, see their vehicle and family make-up.
After they look at the vacant unit an express they would like to rent from me...then I will hold a one and one interview.....(I held the interview in their current unit, a few blocks away).
The last person was a husband and wife with two kids. 19 and 17. This is a two bedroom apartment with two parking spots. Since we were in their unit, I asked to see pay stubs, savings accounts and credit card statements.
Their combined income was good, their carry over balance on their credit card was at a 1.9% interest rate and was for supplies for theirs kids schooling.
They had the money in the bank to cover six months expenses, if both parents lost their job.
I had them fill out an application, and then we drove over to the building and I showed them my unit. It was nicer than the one they saw. A new kitchen, wood flooring, blinds, wall a/c and a small private yard/patio.
I asked for a first months rent plus 2 months security. Not a problem... --47.155.xx.xxx |
Whos leaving units empty? (by NE [PA]) Posted on: Sep 24, 2020 6:37 PM Message:
I'm kind of leaning more towards what Brad and MYOB are saying, crank the rent and tighten up the screening. I plan to be next to impossible to rent from, from here on out. I may even bump up my application fee a little bit. I had one unit over the summer that I was making as much a month on that with application fees as I was the rent. --70.44.xxx.xx |
Whos leaving units empty? (by on [WI]) Posted on: Sep 24, 2020 8:53 PM Message:
I would like more intel on how to charge a fee for the person to fill out the application.
I just walked thru 20 families horror stories. And for wisconsin wcca is the legal part.
I am just learning this facebook ting.
Are people really that stupid --66.97.xxx.xxx |
Whos leaving units empty? (by BRAD 20,000 [IN]) Posted on: Sep 25, 2020 2:36 AM Message:
on,
An application fee is simple: we send them to our PayPal account. They use a credit or debit card. And THAT is a good screening tool. Broke people are less likely to have those.
PayPal puts it straight into our checking account.
We don't touch their app until we see their payment online.
Apps fees brings in several THOUSAND$$$ and did not slow down our number of applications from when we were free.
BRAD
--73.102.xxx.xxx |
Whos leaving units empty? (by Hollis [MA]) Posted on: Sep 25, 2020 7:10 AM Message:
from Lynn:
"I hear from my attorney today that the MA eviction moratorium is not likely going to be extended."
That sound good but my lawyer thinks that the federal rules will kick in and prevent evictions.(?) --66.30.xx.xxx |
Whos leaving units empty? (by RentsDue [MA]) Posted on: Sep 25, 2020 7:28 AM Message:
I wish we could charge an application fee here. That would be more than a months rent . I had about 150 hits. Of the ones that responded to prescreening, almost all had more than 1 adult. --68.118.xxx.xx |
Whos leaving units empty? (by NE [PA]) Posted on: Sep 25, 2020 7:44 AM Message:
Change the name of the application Fee. Credit check Fee? --70.44.xxx.xx |
Whos leaving units empty? (by Ray-N-Pa [PA]) Posted on: Sep 25, 2020 8:29 AM Message:
I have one empty, but I am selling that one.
I have someone move into a town home on the First. I stepped up my qualification process.
I also have reviewed all my existing residents and have been pushing them more towards ownership if they will qualify for there own financing.
The window for selling is starting to close up here as the leaves are starting to change. There are many uncertainties that the market is facing. The real estate market has weathered the storm rather well, but that can not last for ever. Those with cash in hand will do themselves well --24.101.xxx.xx |
Whos leaving units empty? (by RB [MI]) Posted on: Sep 25, 2020 8:34 AM Message:
I know that's right, RNP. --199.192.xxx.x |
Whos leaving units empty? (by Smokowna [MD]) Posted on: Sep 25, 2020 8:43 AM Message:
For me teni lately have been a disappointment. I like my teni, I speak to old teni daily - keeping in touch and helping them out has been a way of life for me.
I was the one that kept a few shacks rented for over ten years and never missed a month. Turnovers were nearly annual during that time. These were heyday rentals too...$2,500 to $3,000 a month. A few went over 120 months.
When I finally missed a month...it was devastating to my thought process. Rather than go to a Mr. Landlord seminar I tried to forge on, on my own...made the classic mistake of desperately taking the wrong people.
I could write chapters on the decline of the shacks and my ability to serve customers over the years that followed poor decisions.
Today, I've completely let go of any milestones such as how quickly I can rent an empty shack. Today I focus on meeting a good tenant whom I would want to work for. If that person doesn't show up, I sleep well at night knowing the shacks patiently wait empty.
As for a plan of action. One person, one shack at a time. Do it right, and success will come.
I do not sit on my hands. I work at the business every day. At some point it is up to the tenants to want to be decent people. Ball is in their court, I'm ready.
--108.28.xx.xxx |
Whos leaving units empty? (by Allym [NJ]) Posted on: Sep 25, 2020 10:40 AM Message:
The reason I don't do application fees is that I don't want to have to disqualify someone who paid me money and then deal with an angry person, possibly vengeful person. Wouldn't it be awful if I rented the downstairs to someone who then gave covid to the OPERA SINGER upstairs and ruined his life and signing voice? I'll just wait. He is month to month. He could move back in with his wife at any time. Temporary separation. If he moves I will rent the downstairs and leave the upstairs open. --71.104.xx.xxx |
Whos leaving units empty? (by Britt [NC]) Posted on: Sep 25, 2020 2:05 PM Message:
Allym--you can refund their fee if you don't process their application --24.211.xxx.xx |
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