Business Address
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Business Address (by Colleen [FL]) Sep 17, 2021 5:48 PM
       Business Address (by Colleen [FL]) Sep 17, 2021 6:15 PM
       Business Address (by Vee [OH]) Sep 17, 2021 6:48 PM
       Business Address (by SHAUN [FL]) Sep 17, 2021 8:33 PM
       Business Address (by BRAD 20,000 [IN]) Sep 18, 2021 10:25 PM
       Business Address (by BRAD 20,000 [IN]) Sep 18, 2021 10:28 PM
       Business Address (by Robert J [CA]) Sep 19, 2021 1:20 AM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Business Address (by Colleen [FL]) Posted on: Sep 17, 2021 5:48 PM
Message:

I'm preparing a Lease Agreement. Tenant is a freelance, self employed business, speaker, motivator, trainer, but no buy/sell goods involved. The standard language is not conducting a business in a rental. Tenant does virtual and remoted work at residence, and she would like to have this permission on the Lease, which we are okay with.

I thought she may use the rental address (townhouse) as her business address. This can be silence on the Lease, but is there any owners / landlords liability for having such for business address?

Thanks.

--173.79.xx.xx




Business Address (by Colleen [FL]) Posted on: Sep 17, 2021 6:15 PM
Message:

I asked this question with the RE lawyer. She doesn't say one way or another but to use the standard language (not addressing that subject specifically). --173.79.xx.xx




Business Address (by Vee [OH]) Posted on: Sep 17, 2021 6:48 PM
Message:

It would seem you need to keep shopping for a tenant, this appears to be a faulty income reference. Next Batter --76.188.xxx.xxx




Business Address (by SHAUN [FL]) Posted on: Sep 17, 2021 8:33 PM
Message:

Hi Colleen-

I agree with Vee(OH) about Income.

I think I would request the last couple of years Income Tax Statements and last few months Bank Statements.

I realize that Motivational speakers can make a good money.

But with the national climate right now with keep your distance from others. Everything digital how much business does she have? --173.31.xxx.xxx




Business Address (by BRAD 20,000 [IN]) Posted on: Sep 18, 2021 10:25 PM
Message:

Colleen,

I sense a giant problem coming your way if you rent to this applicant.

We would never accept such an applicant.

No self-employed because once they fall behind we cannot garnish.

And I cannot begin to count the number of "motivational speakers, trainer, mentors", etc and "online business" we have apply. Everyone with a camera on their laptop and a free YouTube channel is suddenly "self employed".

Nope nope nope. Even if they are making great money it's still nope. Because tomorrow the cash may stop flowing.

YouTube has a history of chopping payments. People with tons of views and ad money are suddenly "recalculated" and cut in half.

Laws vary by state and local govt so KNOW if you can deny based on SOURCE OF INCOME.

Keep looking.

BRAD

--73.102.xxx.xxx




Business Address (by BRAD 20,000 [IN]) Posted on: Sep 18, 2021 10:28 PM
Message:

More...

just for grins Google this person and check their YouTube channel.

My last "Online trainer life coach" had 6 views.

Tax returns on self employed applicants are nice but they only show the past. They don't prove income RIGHT NOW, only that the person had some good sales in the past.

Stay strong and protect your biz.

BRAD

--73.102.xxx.xxx




Business Address (by Robert J [CA]) Posted on: Sep 19, 2021 1:20 AM
Message:

I have several tenants who a Home Run Business. Some I have to allow by law, such as a day care. But in all cases tenants must have the proper insurance and license to conduct their business using the rental as a home base.

One of my tenants agreed to obtain renters insurance. After 30 days he could not product an insurance policy, now saying it was too expensive, $700 a year. My agent quoted me $350 a year per tenancy, so I passed along the info. Still no policy. My agent gave such a great price because they demand first year up front.

So then I told this tenant that they would have to move, costing them around $2,000 for the move. I said, if you had to move you'd use a credit card to pay the movers. Why not charge the renters insurance policy on your credit card, they only charge a $5.00 fee.....

He finally got the insurance to cover his clients on my property. --47.155.xx.xxx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Business Address
Your Name:
Your State:

Message:
Business Address
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: