Homeowners
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Homeowners (by Lana [IN]) Oct 12, 2021 12:57 PM
       Homeowners (by Jason [VA]) Oct 12, 2021 1:08 PM
       Homeowners (by Dave [MO]) Oct 12, 2021 1:11 PM
       Homeowners (by Vee [OH]) Oct 12, 2021 1:28 PM
       Homeowners (by Ray-N-Pa [PA]) Oct 12, 2021 1:31 PM
       Homeowners (by DJ [VA]) Oct 12, 2021 1:32 PM
       Homeowners (by Sisco [MO]) Oct 12, 2021 1:32 PM
       Homeowners (by Robert J [CA]) Oct 12, 2021 2:01 PM
       Homeowners (by Lana [IN]) Oct 12, 2021 2:28 PM
       Homeowners (by dino [CA]) Oct 12, 2021 3:03 PM
       Homeowners (by Laura [MD]) Oct 12, 2021 3:45 PM
       Homeowners (by S i d [MO]) Oct 12, 2021 4:04 PM
       Homeowners (by Vee [OH]) Oct 12, 2021 4:28 PM
       Homeowners (by Ken [NY]) Oct 12, 2021 5:13 PM
       Homeowners (by Robert,OntarioCanada [ON]) Oct 13, 2021 3:02 AM
       Homeowners (by J [FL]) Oct 13, 2021 3:05 AM
       Homeowners (by Small potatoes [NY]) Oct 13, 2021 8:58 AM
       Homeowners (by Small potatoes [NY]) Oct 13, 2021 8:58 AM
       Homeowners (by Oregon Woodsmoke [ID]) Oct 13, 2021 11:21 AM
       Homeowners (by Oregon Woodsmoke [ID]) Oct 13, 2021 11:25 AM
       Homeowners (by Bob [GA]) Oct 19, 2021 5:00 PM

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Homeowners (by Lana [IN]) Posted on: Oct 12, 2021 12:57 PM
Message:

I just gave applications to a husband wife pair who want one of my best units. They want a 6 month Lease because they just sold their house and need to move. They want to buy country acreage and build a retirement home. So far they have been unable to find anyone to sell them land. They are in early 60s and both have the income to rent. I require 4 times rent. Problem, they are obviously used to owning their own home and being in control. When I told them that move in monies were first months rent and deposit in cash. Wife said she would pay me in a debit card, I said cash with receipt, she said but the debit card is so easy. I said cash, and befoe she could argue her husband stopped her.

Then we got to washer and dryer, they are in basement. They don't like that so husband decided he could open the plumbing access door in 2nd bedroom closet that give access to the bathroom plumbing. I said no washer on my newly refinished wood floors and nobody messes with my plumbing. More politely than that but firmly. Wife again decides different. Wifa also askes me is we are going to clean house before move in, and I said it is cleaned up to my standardd. Although these people have the money and are responsible, I don't think they have the mindset to be renters.

Am I wrong?

--166.216.xxx.xxx




Homeowners (by Jason [VA]) Posted on: Oct 12, 2021 1:08 PM
Message:

Just a few observations:

1. If you're going to do a six month lease, you should charge a minimum 20% monthly premium along with a 150% deposit.

2. Make sure you have a solid early lease termination spelled out in your lease. They are going to move as soon as they close on a new house regardless of your lease term.

3. Make it as easy as possible to let them pay you the initial fees. Cashapp, venmo, zelle, etc.

4. Clearly spell out that no modifications are to be made.

But since six months will have the property vacant again in springtime, I wouldn't hesitate to move forward with them. Just establish control early.

--73.177.xxx.xx




Homeowners (by Dave [MO]) Posted on: Oct 12, 2021 1:11 PM
Message:

No, you are not wrong. When they want to start modifications on your rental before they move in wait till they live there for a month and they will drive you nuts. Can we change this. can we do this. Next, application. Just my 2 cents. --173.47.xxx.xxx




Homeowners (by Vee [OH]) Posted on: Oct 12, 2021 1:28 PM
Message:

Red flags flying all around, taken as-is which means they will still be hunting while you file application in the -Oh No- tank, next batter... --76.188.xxx.xxx




Homeowners (by Ray-N-Pa [PA]) Posted on: Oct 12, 2021 1:31 PM
Message:

Ask them if they want to buy the unit so they can modify it? --24.101.xxx.xxx




Homeowners (by DJ [VA]) Posted on: Oct 12, 2021 1:32 PM
Message:

No, you are not wrong at all.

Listing changes that should be made during a showing is a DQ for sure! --68.229.xxx.xxx




Homeowners (by Sisco [MO]) Posted on: Oct 12, 2021 1:32 PM
Message:

Obviously, they won't buy country acreage, have a house built, and move in in the next 6 months. They need a rental for 2 years minimum. Their expectations are unrealistic and are apt to be difficult to deal with. I forecast many requests for 1 month extensions.

Unless they are paying a massive premium (200%-300%) over market rents, I have heard no reason to deal with them, and several red flags indicating that you should decline to sign a lease with them. --149.76.xxx.xxx




Homeowners (by Robert J [CA]) Posted on: Oct 12, 2021 2:01 PM
Message:

I also had a difficult pair wanting to do modifications to a rental that I previously upgraded. But the tenants were experienced home owners who did several flips. They needed the rental for 2 to 3 years, but wanted a 6 month renewable lease.

So to shut them up I said, "If we can agree to the remodel AND you purchased a Payment and Performance Bond (only 3% of the total job value), then it's a possibility"! They stayed just over two years, purchased a home and moved. They didn't complete one project but instead of using the Bond, they sent over some contractor friends who finished the work. This was over 15 years ago. --47.155.xx.xxx




Homeowners (by Lana [IN]) Posted on: Oct 12, 2021 2:28 PM
Message:

They did agree to a rent increase for short term Lease and they agreed to cat rent. I agree they are likely to be long term but foresee personality and control collisions and wife PITA potential. --216.23.xxx.xx




Homeowners (by dino [CA]) Posted on: Oct 12, 2021 3:03 PM
Message:

After learning that some people will just make the changes they want in violation of the rental agreement, I now always make a point of emphasizing "What you see is what you get, anyone have any problem with that??? If they raise an issue about something they want to alter on their own after they move in, that means I have again found someone who will make the changes they want after they move in, regardless of what is in the rental agreement. I don't want that so I don't want them.

Reason: Applicant refuses to adhere to terms of rental agreement.

--76.171.xxx.xxx




Homeowners (by Laura [MD]) Posted on: Oct 12, 2021 3:45 PM
Message:

In MD we have to give "independent contractors " a specific Maryland form.

"Maryland Independent Contractors: What you need to know

Whether a worker is an “employee” or an “independent contractor” is critical when it comes to such important issues as pension eligibility, workers' compensation coverage, wage and hour law, and many other matters. In some situations, federal law will govern, but the question is most often resolved by looking to state law, particularly in areas such as unemployment tax liability, workers' compensation, and state wage and hour requirements.

Workplace Fraud Act (WFA). The state of Maryland has enacted a WFA specifically designed to address issues of employee misclassification in the construction and landscaping industries. The WFA requires employers in the construction and landscaping industries to give an individual classified as an independent contractor or an exempt person with whom they contract notice of their classification and an explanation of what that classification means. A copy of the notice in both English and Spanish is available on Maryland’s Division of Labor and Industry’s website at www.dllr.state.md.us/workplace.

Employers in the landscaping and construction industries must also keep, for at least 3 years, records containing the following information:

1. The name, address, occupation, and classification of each employee or independent contractor;

2. The rate of pay for each employee or method of payment for each independent contractor;

3. The amount paid each pay period to each employee or independent contractor;

4. For each independent contractor or exempt person hired, the regulations further require that the employer keep at the worksite or place of business: a. A description of the employers’ business or a contract between the employer and the independent contractor ..."

--108.56.xxx.xx




Homeowners (by S i d [MO]) Posted on: Oct 12, 2021 4:04 PM
Message:

I'm agreeing with Sisco that 6 months is laughably short time frame to buy land, draft the plans, get the materials, build the place, get inspections/occupancy permits (if required), and establish rural utilities.

Materials are at a premium right now. Some are flat out unobtainable, sitting in cargo ships off shore with no delivery date in sight. Workers are booked out far in advance.

They maybe built a house 10+ years ago and think everything is the same. Nope.

If you choose to do this, make it a happy happy deal: you're happy if they stay or you're happy if they don't. Most likely, the premium you will want for dealing with them will be too high and they'll move on to someone....less educated...on what reality is, and then they'll get to deal with the wife wanting to plant a sunflower garden in the living room, right under the skylight they cut in the roof. (*grins)

--108.230.xxx.xx




Homeowners (by Vee [OH]) Posted on: Oct 12, 2021 4:28 PM
Message:

Lana, have a glass of cool clear water, the animal rent is part of -Your- package, same as short term cost change, these terms are not something they would agree to. This family will have you building the house for them if you continue to discuss anything with them. Disconnect now and like Jenny said in the movie -Run Forrest Run-... --76.188.xxx.xxx




Homeowners (by Ken [NY]) Posted on: Oct 12, 2021 5:13 PM
Message:

Move on,they dont understand who is in charge --72.231.xxx.xxx




Homeowners (by Robert,OntarioCanada [ON]) Posted on: Oct 13, 2021 3:02 AM
Message:

For a short term rental it does not make sense to do extensive modifications where in North America most washers and dryers are in the basement. Installing a washing machine on upper floor will involve a water proof floor along with a drain which is going to cost thousands for a short term rental. A lot of problem tenants to see how motivated the rental housing provider is. Until a thorough credit check is done the reality is what they are telling you and where they previously lived maybe completely different. When someone buys a house where if they are not concerned about the cost of extensive modifications then it is up to them. In Europe a small front load washing machine is in the kitchen or bathroom where some bathrooms have washing machine hook up. In North America the amount of space in house is much larger then other countries so most houses already have a space and connections for washer and dryer. --99.236.xxx.xxx




Homeowners (by J [FL]) Posted on: Oct 13, 2021 3:05 AM
Message:

Pass. They are not realistic about what it means to rent, rather than own. --72.188.xxx.xxx




Homeowners (by Small potatoes [NY]) Posted on: Oct 13, 2021 8:58 AM
Message:

No way I would do a short term lease on my best unit. For security and 1st month I require certified funds. Money order or bank check. Although selling a car recently I was told by my bank that the bank check would take 7 days to clear.

And the couple, red flags all around. --172.58.xxx.xxx




Homeowners (by Small potatoes [NY]) Posted on: Oct 13, 2021 8:58 AM
Message:

No way I would do a short term lease on my best unit. For security and 1st month I require certified funds. Money order or bank check. Although selling a car recently I was told by my bank that the bank check would take 7 days to clear.

And the couple, red flags all around. --172.58.xxx.xxx




Homeowners (by Oregon Woodsmoke [ID]) Posted on: Oct 13, 2021 11:21 AM
Message:

I have no problem with a short term lease that gets me into the start of the spring moving season.

I tend to reject applicants who want to renovate my property to suit themselves, but your applicant is not a typical homeowner who is renting between properties.

I love homeowners as tenants because they understand how to take care of a house. They don't mindlessly break things, they tend to be a lot cleaner because they have the mindset that a house should be taken care of and also, they want their deposit back. They know when to call me early for something that needs to be fixed before it gets worse.

I'd probably reject that bunch because they don't understand that they can't do whatever they want with a rental. --76.178.xxx.xxx




Homeowners (by Oregon Woodsmoke [ID]) Posted on: Oct 13, 2021 11:25 AM
Message:

If you do decide to accept them, make sure they know that you don't want winter vacancies so they must move out at the end of the six months or else sign a full year lease at that time.

Otherwise they will do one month renewals until they move out the day before Thanksgiving and you will have a heck of a time finding a good tenant for several months over the holiday season.... and all the while, you will be paying the heat bill until you can find a new tenant. --76.178.xxx.xxx




Homeowners (by Bob [GA]) Posted on: Oct 19, 2021 5:00 PM
Message:

They will be a PITA and I agree they will be there a lot longer than 6 months. You can not get a garage built in 6 months anymore. Any contractor that is worth his salt is booked way out. Maybe they can find some land and stick a mobile home on in 6 months. --172.102.xxx.xx



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