EZ Answers to ?s part 3
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EZ Answers to ?s part 3 (by S i d [MO]) Feb 18, 2022 2:58 PM
       EZ Answers to ?s part 3 (by LisaFL [FL]) Feb 18, 2022 3:32 PM
       EZ Answers to ?s part 3 (by jonny [NY]) Feb 18, 2022 3:58 PM
       EZ Answers to ?s part 3 (by 6x6 [TN]) Feb 18, 2022 5:35 PM
       EZ Answers to ?s part 3 (by plenty [MO]) Feb 20, 2022 7:45 AM
       EZ Answers to ?s part 3 (by Jim in O C [CA]) Feb 20, 2022 8:20 AM
       EZ Answers to ?s part 3 (by Ray-N-Pa [PA]) Feb 21, 2022 6:45 AM
       EZ Answers to ?s part 3 (by LordZen [MA]) Apr 30, 2022 9:09 AM
       EZ Answers to ?s part 3 (by WMH [NC]) Apr 30, 2022 9:32 AM
       EZ Answers to ?s part 3 (by Jeffrey [VA]) May 2, 2022 8:41 AM
       EZ Answers to ?s part 3 (by zero [IN]) May 2, 2022 5:49 PM
       EZ Answers to ?s part 3 (by Dee Ann [WI]) May 5, 2022 10:34 AM
       EZ Answers to ?s part 3 (by April [KS]) May 5, 2022 10:36 AM
       EZ Answers to ?s part 3 (by Peter [NH]) May 5, 2022 12:20 PM
       EZ Answers to ?s part 3 (by myob [GA]) May 5, 2022 1:52 PM
       EZ Answers to ?s part 3 (by Robert [AR]) May 5, 2022 3:50 PM
       EZ Answers to ?s part 3 (by zero [IN]) May 5, 2022 5:05 PM
       EZ Answers to ?s part 3 (by Jeffrey [VA]) May 6, 2022 3:57 PM
       EZ Answers to ?s part 3 (by Honey [LA]) May 6, 2022 8:49 PM
       EZ Answers to ?s part 3 (by WMH [NC]) May 7, 2022 10:12 AM
       EZ Answers to ?s part 3 (by PP [IA]) May 16, 2022 4:26 PM
       EZ Answers to ?s part 3 (by Brenda [WA]) Jul 30, 2022 12:04 PM


EZ Answers to ?s part 3 (by S i d [MO]) Posted on: Feb 18, 2022 2:58 PM
Message:

Applicant: "Can you work with me on (the 1st month rent/the deposit)?"

Me: "No, we already have contractors." or just "No".

--108.230.xxx.xx




EZ Answers to ?s part 3 (by LisaFL [FL]) Posted on: Feb 18, 2022 3:32 PM
Message:

No, Im not in a position to be your lender and require move-in funds to be paid in full before keys are turned over. --75.89.xxx.xxx




EZ Answers to ?s part 3 (by jonny [NY]) Posted on: Feb 18, 2022 3:58 PM
Message:

No. I actually have it in my ads and when I discuss about the apartment "first and security are due at lease signing/move-in. No exceptions".

I actually don't get too many that ask this any longer. Most of the time now it's "I have the money to move in now" ... I usually then state "well, hold onto it until you've seen the apartment, completed an application and been approved". --69.201.xx.xxx




EZ Answers to ?s part 3 (by 6x6 [TN]) Posted on: Feb 18, 2022 5:35 PM
Message:

Sure can! Pay the SD and first months rent at lease signing, that works. --73.120.xx.xxx




EZ Answers to ?s part 3 (by plenty [MO]) Posted on: Feb 20, 2022 7:45 AM
Message:

"You have to have everything pay before move in. What are your moving dates?" And then listen and hear what they have in mind. Once I simply said "no" just to find out they were asking for a few days until another payroll check came in so they would have to pull from savings, it was a mid month viewing and they wanted the house on the 1st, so only a five day or so wait to fund move in cost. Stay about three years, left everything sparkling and we're excellent residents. Try and get full and complete information before saying "no" --172.58.xxx.xxx




EZ Answers to ?s part 3 (by Jim in O C [CA]) Posted on: Feb 20, 2022 8:20 AM
Message:

Upfront I spell our move in requirements as first months rent and from one to two months security deposit depending on credit information verified . I am a housing provider not a bank.

This eliminates the marginal applicants. --99.23.xxx.x




EZ Answers to ?s part 3 (by Ray-N-Pa [PA]) Posted on: Feb 21, 2022 6:45 AM
Message:

So Mr/Mrs applicant, it sounds like you are qualified on my end but do not have all the money required to move in. We have found that people that find themselves in this position at move in tend to have this problem even after they move in too.

(silence) --24.101.xxx.xxx




EZ Answers to ?s part 3 (by LordZen [MA]) Posted on: Apr 30, 2022 9:09 AM
Message:

All good answers, I have not found myself in these shoes, yet... --98.216.xx.xxx




EZ Answers to ?s part 3 (by WMH [NC]) Posted on: Apr 30, 2022 9:32 AM
Message:

Can I pay bi-monthly?

Sure.

So I can pay half on the first and half on the fifteenth?

No. You can pay the first month's rent in full on the first, then on the 15th you can pay 1/2 towards next month, and by the 1st pay the remainder. We don't take rent in arrears. --50.82.xxx.xxx




EZ Answers to ?s part 3 (by Jeffrey [VA]) Posted on: May 2, 2022 8:41 AM
Message:

Applicant: "Can you work with me on (the 1st month rent/the deposit)?"

Me: Yes, if you are approved for the property, our lease offers qualified residents two options for "Move-in payment requirements".

A. Pay the 1st month's rent and deposit at time of move in,

OR

B. Increase the monthly rent going forward by 10% and pay that amount, and we will reduce the required security deposit by half.

Your Choice. --70.161.xxx.xxx




EZ Answers to ?s part 3 (by zero [IN]) Posted on: May 2, 2022 5:49 PM
Message:

Jeffrey,

That is beautiful! --107.147.xx.xxx




EZ Answers to ?s part 3 (by Dee Ann [WI]) Posted on: May 5, 2022 10:34 AM
Message:

Jeffrey, If someone chooses to add 10% onto the rent each month, once the security deposit is brought up to the original requirement (not half sec deposit) does the tenant have the option to discontinue the monthly 10% add to rent?

Has a tenant ever asked this of you; if not, how would you respond? --75.11.xx.xx




EZ Answers to ?s part 3 (by April [KS]) Posted on: May 5, 2022 10:36 AM
Message:

Can I pay bi-monthly?

Yes! Smart budgeting idea. We only charge an extra $20/month for our bi-monthly payment plan which is much cheaper than a $50 late fee and doesn't reflect on on your rental reference. That means you're only paying $10 more with each rent payment and getting a lot more flexibility budgeting for your bills.

Now, that said, I prefer to be paid in full at the first of the month, but if someone wants to pay an extra $240/year in rent with few late pays and communicates well, I'll make the offer. It's not mentioned in the lease or advertised, but for a lot of residents this option is a lifesaver. I've had people on the bi-monthly payment plan for over 6 years. Made nice money from it. I know a lot of landlords really promote the bi-monthly option and offer it upfront, but I prefer folks who can afford to pay in full on the 1st and keep it as an option for those who ask.

Can you work with me on the 1st months rent and deposit?

We understand moving is expensive and can be stressful. You need to be sure you can afford the payments required on move in day or your stress becomes our stress. If you can't afford to move right now, we suggest you keep saving and reach out again when you're ready.

We've found not everyone who asks this question is irresponsible. Saying 'no' flat out can prevent a future opportunity. We've had people call back months later saying they saved their money and now they're ready. These are the kind of responsible residents we all want. So we are nice about the question. Honestly, most of us have been there, right? We invite them to save and call us again. --24.111.xxx.xx




EZ Answers to ?s part 3 (by Peter [NH]) Posted on: May 5, 2022 12:20 PM
Message:

I flat out say no. Just the fact that they are asking means they have finance issues. If they are not afraid to ask a question like that then you have to not be afraid to say no.

A lot of creative ideas though to increase cash flow. At this point in my life I just want to reduce stress, a little extra cashflow for me is not worth the additional stress of dealing with tenants with zero buffer funds in the bank for emergencies. My two cents. --174.196.xxx.xx




EZ Answers to ?s part 3 (by myob [GA]) Posted on: May 5, 2022 1:52 PM
Message:

Never ever...... Peter NH thinking is our policy and WHY.

If they can't come up with rent and dep-- sorry but it's just a tenant waiting to have OTHER issues.

I do think 10% more if they EVEN ask cause they WILL be PITA. --99.103.xxx.xxx




EZ Answers to ?s part 3 (by Robert [AR]) Posted on: May 5, 2022 3:50 PM
Message:

We have, on a rare occasion set a tenant up on a bi-weekly payment plan. They pay half a month's rent every two weeks to correspond to their payday. They get a budgetary assist and we get 13 months of rent in 12 months. It has worked well for a few tenants who can't seem to budget on their own. --172.58.xxx.xxx




EZ Answers to ?s part 3 (by zero [IN]) Posted on: May 5, 2022 5:05 PM
Message:

I still have one tenant who pays weekly. Been with me around six years.

Every tax time I explain that if she pays monthly she will save money as I don't give discounts for more work.

Every year she has a new excuse on why she will stay weekly.

She pays on time so I am just making more but I still don't get it. --107.147.xx.xxx




EZ Answers to ?s part 3 (by Jeffrey [VA]) Posted on: May 6, 2022 3:57 PM
Message:

Dee Ann, once the security deposit is established, I do not go back to the resident and ask that they bring the deposit up to the original amount. And I have never had any resident voluntarily decide to add any money to their security deposit. I think the odds of that occurring is slim to none:). --72.214.xx.xx




EZ Answers to ?s part 3 (by Honey [LA]) Posted on: May 6, 2022 8:49 PM
Message:

2 x I gave in and helped with a deposit or with the water bill, and I lived to regret it. Whenever I have helped out, even a long termed tenant, I got a kick you know where. No, it has to be kept "Strickly Business". Say you will think about their request, and move on to the next applicant or subject.

--160.3.xxx.xx




EZ Answers to ?s part 3 (by WMH [NC]) Posted on: May 7, 2022 10:12 AM
Message:

I've added a question to my Preview Questions: "Are you able to pay the full deposit (2x the rent) at lease signing?"

And the two options are: "Yes." "No, I will need a payment plan." DQ. --71.115.xx.xxx




EZ Answers to ?s part 3 (by PP [IA]) Posted on: May 16, 2022 4:26 PM
Message:

Regarding the 10% increase in rent with 50% security deposit. When are you requiring the 50% security deposit be paid? I am assuming upfront with 1st months rent? So once they jump that hurdle, how do you handle the "smart" tenant who after 5 or 6 months decides now his security deposit is caught up and paid then decides to pay what was planned originally as rent? Even if the contract states or shows the 10% increased rent as the rent. This now becomes the same problem as my next issue.

Now the partial payor question.... As a rule I do not do these plans and haven't for years. Our experience has been this is a short-term solution to an eventual long-term migraine. BTW, I have been in this for 30 plus years, so I pass this info on, to help, not hurt.

Every tenant that we have allowed to pay weekly, bi-weekly, or bi-monthly eventually will not or cannot pay the "fee" or additional cost. At first, its "your so awesome for helping Me, I love you", which all of a sudden becomes "You are a thief and ripping me off, this is illegal, pos etc etc." We put the plans on paper, went through it with them so they understand, provide them a calendar going forward, even envelopes back in the day, typically to lease end, and have them sign the plan. So after the work setting them all up, a few payments go great, all in the world is wonderful. All of a sudden, they decide they are not paying that fee, which leads to us charging late fees because now its due on the first. This goes around and around between staff and back and forth on how they feel like paying from month to month. Might get the fee from time to time, other times they have no funds etc. and other times they pay on the 5th.(On-time for them)I could add commentary, but its humor at most of ours expense)(Deemed unnecessary by a couple as well)

We have quit doing these entirely, years ago, until just last Sept, had a 7 year tenant couldn't pay rent, wanted a pay plan to catch it up. (Tenant history is, it'll be messy, but he will pay) Took 2 weeks to set the plan up, back and forth, total pita, told him all the reasons I hate doing these, explained no veering off, put in mandatory "late" fees etc etc. Sure enough 2 months in and he had to make a change, 3 or 4 more weeks another change, never did get back on track, finally he mentioned his tax refund after calls, texts, emails etc. Long story short - He got us paid but nailed down to the dime what he owed in rent plus $50 extra. ---awesome..Right?! (AND.... hopefully you enjoyed our "Success Story For the Day!) Laugh with me - preferably not at me, but laugh no matter what. --24.149.x.xxx




EZ Answers to ?s part 3 (by Brenda [WA]) Posted on: Jul 30, 2022 12:04 PM
Message:

It would be nice to be able to say no to some tenants BUT Washington State has a law that I MUST provide up to 6 months for them to pay the security deposit and cannot charge more than 1 months rent for security deposit and non-refundable fees.

--174.23.xxx.xxx





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