What would you do here?
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What would you do here? (by Roy [AL]) Oct 15, 2022 7:08 AM
       What would you do here? (by Ken [NY]) Oct 15, 2022 8:04 AM
       What would you do here? (by Richard [MI]) Oct 15, 2022 8:11 AM
       What would you do here? (by Roy [AL]) Oct 15, 2022 8:13 AM
       What would you do here? (by WMH [NC]) Oct 15, 2022 8:21 AM
       What would you do here? (by Ken [NY]) Oct 15, 2022 8:27 AM
       What would you do here? (by Roy [AL]) Oct 15, 2022 8:30 AM
       What would you do here? (by Still Learning [NH]) Oct 15, 2022 8:50 AM
       What would you do here? (by Sisco [MO]) Oct 15, 2022 8:51 AM
       What would you do here? (by Dave [MO]) Oct 15, 2022 8:55 AM
       What would you do here? (by Roy [AL]) Oct 15, 2022 9:02 AM
       What would you do here? (by plenty [MO]) Oct 15, 2022 9:19 AM
       What would you do here? (by Roy [AL]) Oct 15, 2022 9:38 AM
       What would you do here? (by mapleaf18 [NY]) Oct 15, 2022 9:43 AM
       What would you do here? (by LisaFL [FL]) Oct 15, 2022 10:23 AM
       What would you do here? (by Roy [AL]) Oct 15, 2022 10:54 AM
       What would you do here? (by plenty [MO]) Oct 15, 2022 11:10 AM
       What would you do here? (by Jason [VA]) Oct 15, 2022 11:23 AM
       What would you do here? (by Allym [NJ]) Oct 15, 2022 11:39 AM
       What would you do here? (by Allym [NJ]) Oct 15, 2022 11:41 AM
       What would you do here? (by plenty [MO]) Oct 15, 2022 11:44 AM
       What would you do here? (by MC [PA]) Oct 15, 2022 11:44 AM
       What would you do here? (by WMH [NC]) Oct 15, 2022 11:59 AM
       What would you do here? (by Roy [AL]) Oct 15, 2022 12:24 PM
       What would you do here? (by Jason [VA]) Oct 15, 2022 12:29 PM
       What would you do here? (by Roy [AL]) Oct 15, 2022 12:44 PM
       What would you do here? (by Jason [VA]) Oct 15, 2022 12:58 PM
       What would you do here? (by LisaFL [FL]) Oct 15, 2022 1:18 PM
       What would you do here? (by plenty [MO]) Oct 15, 2022 1:26 PM
       What would you do here? (by WMH [NC]) Oct 15, 2022 1:30 PM
       What would you do here? (by Ken [NY]) Oct 15, 2022 2:32 PM
       What would you do here? (by Allym [NJ]) Oct 15, 2022 3:12 PM
       What would you do here? (by Allym [NJ]) Oct 15, 2022 3:13 PM
       What would you do here? (by RB [TN]) Oct 15, 2022 3:26 PM
       What would you do here? (by Ned [AL]) Oct 15, 2022 4:39 PM
       What would you do here? (by Barb [MO]) Oct 15, 2022 4:45 PM
       What would you do here? (by Roy [AL]) Oct 15, 2022 5:19 PM
       What would you do here? (by MC [PA]) Oct 15, 2022 8:10 PM
       What would you do here? (by BRAD 20,000 [IN]) Oct 16, 2022 12:43 AM
       What would you do here? (by BRAD 20,000 [IN]) Oct 16, 2022 1:04 AM
       What would you do here? (by Vee [OH]) Oct 16, 2022 1:40 AM
       What would you do here? (by Ray-N-Pa [PA]) Oct 16, 2022 7:31 AM
       What would you do here? (by 6x6 [TN]) Oct 16, 2022 10:44 AM
       What would you do here? (by Ken [NY]) Oct 16, 2022 12:02 PM
       What would you do here? (by MC [PA]) Oct 16, 2022 12:34 PM
       What would you do here? (by Roy [AL]) Oct 16, 2022 12:38 PM
       What would you do here? (by plenty [MO]) Oct 16, 2022 1:34 PM
       What would you do here? (by Roy [AL]) Oct 16, 2022 1:38 PM
       What would you do here? (by Salernitana [CA]) Oct 16, 2022 1:41 PM
       What would you do here? (by RB [TN]) Oct 16, 2022 2:09 PM
       What would you do here? (by LisaFL [FL]) Oct 16, 2022 2:22 PM
       What would you do here? (by Roy [AL]) Oct 16, 2022 7:12 PM
       What would you do here? (by Ken [NY]) Oct 16, 2022 7:38 PM
       What would you do here? (by Roy [AL]) Oct 16, 2022 8:07 PM
       What would you do here? (by LisaFL [FL]) Oct 16, 2022 10:12 PM
       What would you do here? (by BRAD 20,000 [IN]) Oct 17, 2022 12:30 AM
       What would you do here? (by Pat [VA]) Oct 17, 2022 7:18 PM
       What would you do here? (by 6x6 [TN]) Oct 17, 2022 8:01 PM
       What would you do here? (by Landlord ofthe Flies [TX]) Oct 17, 2022 8:26 PM


What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 7:08 AM
Message:

Last night I got a call from a tenant who has rented from me since 2015 and she is now having financial issues again. She claimed that she is not getting any over-time hours anymore and this has really put a strain on her finances. She works at one of the local chicken processing plants here.

Her rent is $550.00/month. 3 years ago, when she had similar financial issues, I split her rent in half and had her pay $275.00 on the 1st and 3rd Saturdays. That arrangement worked okay for 3 years but now she can't pay the $275.00.

What would you do here? --71.207.xxx.x




What would you do here? (by Ken [NY]) Posted on: Oct 15, 2022 8:04 AM
Message:

She cant do that anymore? I would have asked when she will be out and i would follow it up with an eviction notice --74.77.xx.xx




What would you do here? (by Richard [MI]) Posted on: Oct 15, 2022 8:11 AM
Message:

Has she considered a roommate?

Would you allow it?

Things are getting bad for many people and this may become more common. --24.180.xx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 8:13 AM
Message:

Ken,

This is an example of when I took Brad and Sid's advice on doing bi-monthly rent. When the tenant had trouble paying the full $550.00 rent, I split the rent in half and had it due on the 1st and 3rd Saturdays. This system worked okay for 3 years but now I am back to where I started,...she is having trouble paying the $275.00 now. And because she has been with me for 7 years, I am trying to be patient and see if there is a solution here other than eviction. --71.207.xxx.x




What would you do here? (by WMH [NC]) Posted on: Oct 15, 2022 8:21 AM
Message:

Roy you can't fix her finances. I would sympathize with her, say you understand, but that you can't afford to subsidize her and you should both mutually agreed to end the lease and let her move...I don't have time to agonize over someone else, I have enough problems of my own these days. --50.82.xxx.xxx




What would you do here? (by Ken [NY]) Posted on: Oct 15, 2022 8:27 AM
Message:

Roy,I am done trying to solve peoples problems when there is nothing in it for me,she needs to come up with a solution otherwise pack and go and i will raise the rent and get someone else who can take care of themselves --74.77.xx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 8:30 AM
Message:

Richard,

After last night's phone call, my first thought was "the economic recession has begun'. My tenant got accustomed to getting paid 'time and a half' and when the over-time honeymoon ended, it threw her paycheck to paycheck finances in turmoil. She still works full time at $12.00/hour but with no over-time hours now. --71.207.xxx.x




What would you do here? (by Still Learning [NH]) Posted on: Oct 15, 2022 8:50 AM
Message:

It sounds like the tenant hasnít had any rent increases during at least the last 3 years which makes me believe the tenant is spending money elsewhere and rent isnít the priority or they are in a rental they canít afford and need a roommate or to find a cheaper rental. Is it possible at that pay rate your tenant could qualify for some subsidies like food/heating/etc which would free up money for rent? --75.67.xxx.xxx




What would you do here? (by Sisco [MO]) Posted on: Oct 15, 2022 8:51 AM
Message:

I would follow the terms of the lease that was signed years ago. It likely spells out what your actions will be in case of non payment. It likely also includes how quickly that she will vacate if she cannot pay. --149.76.xxx.xxx




What would you do here? (by Dave [MO]) Posted on: Oct 15, 2022 8:55 AM
Message:

Some good advice given. If she canít pay now after you have tried to work with her financially itís time for her to move and find a home she can afford or as Richard stated get an approved roommate to help with rent and utilities. Her financial problems cannot become yours.

--162.249.xx.xxx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 9:02 AM
Message:

Still Learning,

Actually after 6 years, this tenant finally got her first rent increase. Her rent went from $500 to $550.00/month. That rent increase pissed her off too but like all of my other tenants, she got over it and accepted it. Since it was Brad and Sid who got me into this situation, I will let them tell me how to get out of this situation,...LOL. --71.207.xxx.x




What would you do here? (by plenty [MO]) Posted on: Oct 15, 2022 9:19 AM
Message:

Sounds like she is not managing her money well. Have you asked her if she has a budget to share? Perhaps reviewing her budget would give you an ideas of how to proceed. $12 x 40 times four weeks should give her plenty of money for $550 rent. --172.56.xx.xxx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 9:38 AM
Message:

Plenty,

None of my tenants know what a budget is. They do know who and how much is owed to one person or company and when the absolute final deadline is. I got an earful of who she owes money to last night on the phone. She told me if she does not pay her car note today, her car will get repo'd on Monday. There went the rent money. Diamond Jim got paid and I didn't.

--71.207.xxx.x




What would you do here? (by mapleaf18 [NY]) Posted on: Oct 15, 2022 9:43 AM
Message:

She needs to get a 2nd job.

--72.231.xxx.xx




What would you do here? (by LisaFL [FL]) Posted on: Oct 15, 2022 10:23 AM
Message:

Roy,

You know what to do, you just donít want to do it. I mean seriously, Brad and Sid got you into this situation?

No. This is an example of you allowing your tenantís problem to become your problem. The more you give the more they take.

The answer is clear, pay your rent or move. If you are out by (pick a date) there will be no additional penalties. Trying to make things work for a struggling tenant who already canít pay dirt cheap rent is not doing her or you any favors. --75.89.xxx.xxx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 10:54 AM
Message:

Lisa,

For the first 2 years, this tenant paid full rent every month. Then she had a problem with this and Brad suggested his bi-monthly rent solution. So I tried it and it worked for several years. Now, the bi-monthly rent does not work anymore and I am wondering if weekly rent would be a solution here instead of booting her out after 7 years. She is a good tenant, never complains about anything but managing money has always been a problem with her.

--71.207.xxx.x




What would you do here? (by plenty [MO]) Posted on: Oct 15, 2022 11:10 AM
Message:

Yes of course I'd go week to week. Until she gets her spending under control. She can live in her car. There is communication. But it does seem like ya just kicking the can down the road. She can't seem to "get in front of her money" yes a part time job would be helpful. A church to pay one month rent would be helpful. Is there any COVID money program in your area or a list of churches that could help --172.56.xx.xx




What would you do here? (by Jason [VA]) Posted on: Oct 15, 2022 11:23 AM
Message:

Did you increase the rent when you went bi-weekly? Theyíre going to suggest a weekly payment plan at a higher cost. But if she canít pay, she just canít pay.

My approach would be to end the relationship because I have no desire to stress about collecting rent every week. --172.58.xxx.xx




What would you do here? (by Allym [NJ]) Posted on: Oct 15, 2022 11:39 AM
Message:

So food is so high priced that my monthly expenses have doubled and I am trying to find ways around it. She needs a different job that pays more. She may be just on the edge of employeable. It's food and gas. A piece of beef is seven dollars a pound here. I think if you can just put her on a payment plan. First week what she pays now. Second payment, what she can pay and keep a record. If you wait until after the November election, everything may turn back around, I pray.

--71.188.xx.xxx




What would you do here? (by Allym [NJ]) Posted on: Oct 15, 2022 11:41 AM
Message:

Oh, and can she apply for benefits. If she is protected class she may get them. I got three of my tenants from one unit on the list to get benefits. --71.188.xx.xxx




What would you do here? (by plenty [MO]) Posted on: Oct 15, 2022 11:44 AM
Message:

Roy I'm glad you care about your renters. There are also free classes offered by Churches, And budget discipline help. If she was willing to attend, I would consider gifting her a month rent as a reward. If she puts in practice what she learns she'll go forward forever as your tenant. If not she is just holding a place for someone who will. --172.56.xx.xxx




What would you do here? (by MC [PA]) Posted on: Oct 15, 2022 11:44 AM
Message:

I would ask if she is giving her notice. Get it in writing. T finances are an issue that becomes mine. Not my job to tell someone to get a 2nd job. Just a simple "sorry to see you go". You get what you allow. Pretty sure you can raise it.. --73.230.xxx.xx




What would you do here? (by WMH [NC]) Posted on: Oct 15, 2022 11:59 AM
Message:

MC has a good answer: so you can't pay rent. Are you giving me official notice that you are leaving? Or what are you suggesting, exactly, Ms. Tenant? Because you can't just not pay rent. --50.82.xxx.xxx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 12:24 PM
Message:

WMH,

I just called this tenant. She and I are meeting at 9.00am tomorrow morning at her house to discuss her current situation. If she can afford a $100/week (every Saturday) then I may be willing to accept that. I hate losing a good tenant if something can be worked out here. --71.207.xxx.x




What would you do here? (by Jason [VA]) Posted on: Oct 15, 2022 12:29 PM
Message:

You're going to offer her a 28% reduction in rent in this market? This is business, not a charity.

She's not a good tenant. She can't pay the rent. --71.63.xx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 12:44 PM
Message:

Jason,

Sometimes rents go up and sometimes rents go down,..depending on the market all RE is local too. This is a Class D neighborhood and if she moves out, I will be looking at a major rehab expense and then finding another tenant during the winter doldrum months is not something I am looking forward to. I need to keep her in that house for another 6 months. --71.207.xxx.x




What would you do here? (by Jason [VA]) Posted on: Oct 15, 2022 12:58 PM
Message:

IF you decide to go through with this, remember the cardinal rule "Whoever puts out the first number loses".

Don't tell her you're willing to take $100/week. Ask her what she can afford to pay weekly and then counter.

--71.63.xx.xx




What would you do here? (by LisaFL [FL]) Posted on: Oct 15, 2022 1:18 PM
Message:

Roy,

Iíve found this to be true over and over again. The more you do for someone, the less they do for themselves. You are doing her no favors by continually interfering with her responsibility to solve her own problems. If she values keeping your place as her home she will find a way to make it work. If you are this desperate for a tenant and seriouslt donít think you can find someone better then you should seriously consider reducing your inventory by one and get rid of this unit. Unless of course itís your goal to be a charitable housing provider and undermine your tenantís ability to improve her own situation. --75.89.xxx.xxx




What would you do here? (by plenty [MO]) Posted on: Oct 15, 2022 1:26 PM
Message:

Many people have never had a mentor to learn about money management. They truly don't understand what money can and cant do for them. They have no money management skills. Agree with you plan. --172.56.xx.xx




What would you do here? (by WMH [NC]) Posted on: Oct 15, 2022 1:30 PM
Message:

Roy - Lisa's comments are good. If she can't pay and you think it's not worth the rent she is already paying, SELL it. --50.82.xxx.xxx




What would you do here? (by Ken [NY]) Posted on: Oct 15, 2022 2:32 PM
Message:

Roy,you should actually be thanking Sid and Brad instead of saying they got you into this.They showed you how to get your loser tenant from 2 years of paid occupancy to 4 or 5 years of paid occupancy and you avoided a turnover and the expense that goes with it.If you take only $100 week you will look as desperate as you are to her and within a month she will just stop paying altogether,you need to get at least the $550 over the course of the month and make sure she understands when there are 5 fridays in the month you get paid as a bonus.Why do you need to go to the house? the more effort you put into this the more she wins and you will do what she wants,no reason she cant have this discussion on the phone --74.77.xx.xx




What would you do here? (by Allym [NJ]) Posted on: Oct 15, 2022 3:12 PM
Message:

This is good for the reasons Roy said. Not good to have an empty in winter. Ken you are not an intuitive. We have to do a clean up in NOvember and then we will go back to normal. --71.188.xx.xxx




What would you do here? (by Allym [NJ]) Posted on: Oct 15, 2022 3:13 PM
Message:

This is good for the reasons Roy said. Not good to have an empty in winter. Ken you are not an intuitive. We have to do a clean up in November and then we will go back to normal. --71.188.xx.xxx




What would you do here? (by RB [TN]) Posted on: Oct 15, 2022 3:26 PM
Message:

Make up our minds,

has she been there 6 or 7 years, as you have stated both.

Get creative and collect that rent. Dig ? --24.183.xxx.xxx




What would you do here? (by Ned [AL]) Posted on: Oct 15, 2022 4:39 PM
Message:

Don't make it complicated. Post notice to Pay or Move. Sometimes when they see an actual notice, tney somehow find the money.

If you try to help, it will likely enable.

About as far as I'd go in "assisting" is asking: "Are you POSITIVE you don't have a friend of family member that can loan you the money so you don't get evicted?".

That question has worked for me a few times. --70.92.xx.xx




What would you do here? (by Barb [MO]) Posted on: Oct 15, 2022 4:45 PM
Message:

Roy -

Do you have a list of food pantries and other assistance to provide to this tenant? Is she a member of a local church? If so, can she ask her church pastor for help getting her rent caught up?

What other organizations can assist her in getting caught up?

She may need a second job. I canít believe she is still only getting paid $12/hrÖ no one around me is still paying that, all the rates are up.

Iíd suggest that since she is not getting any overtime, it is time for her to find a second, part-time, job. --149.76.xxx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 15, 2022 5:19 PM
Message:

Ken,

I am not pissed off at Brad or Sid. On the contrary. What they suggested (bi-monthly rent) did work just fine for a few years. But then it stop working and all I need from them now is advice on what to do next. Instead of bi-monthly rent, maybe try weekly rent and if that does not work, then maybe it is time for her to leave.

And I have one more tenant who got switched from full monthly rent to bi-monthly rent. And I can tell she is beginning to struggle to make her 1/2 rent payment twice a month too. One thing both of these tenants have in common is they operate on an all cash basis. And tenants who operate this way tend to be poor money managers.

--71.207.xxx.x




What would you do here? (by MC [PA]) Posted on: Oct 15, 2022 8:10 PM
Message:

I would be insulted if someone told me how to manage my money. If they can't manage bi weekly, they won't be able to do weekly. If the vehicle is on the verge of repo, they are several payments behind. Not a good sign.

Start a new thread with the results of the meeting. --73.230.xxx.xx




What would you do here? (by BRAD 20,000 [IN]) Posted on: Oct 16, 2022 12:43 AM
Message:

Roy,

I understood your comment as positive.

Donít let her problem become your problem.

Remember, there comes a time when even good residents can go bad. Not able to pay is a bad res,

NO MATTER how good she has been for years.

She is TELLING YOU she is no longer a good res.

I get it. She had lots of overtime which is gone

AND prices are higher (except your rents! :)

YOU cannot fix her problem. Her problem is underemployment.

Sheís mature enough to know to get a second job. There are HELP WANTED signs EVERYWHERE! She only needs to fog a mirror to work at MacDís or WalMart for another $12.

I say no to the meeting. YOU will try to convince her to pay $125 a week and she will SAY yes. (Because you are a nice guy and because thatís what *I* used to do the SAVE a res and justify it by telling myself I am avoiding a turnover.) It never works. She will make one payment, then late, then none.

Clean up? You would have to do it whenever she leaves, so that time is now.

Itís time for her to go. Rip off the bandage. Stand on your own 2 feet and tell her the truth. ďSally, itís time you find a place you can afford. I will let you out of the lease if you move out by Sunday. ď

The truth works. HELP her keep her bill with you small by vacating.

Managing means making the tough decisions.

Stay strong my friend!

BRAD

--73.103.xxx.xxx




What would you do here? (by BRAD 20,000 [IN]) Posted on: Oct 16, 2022 1:04 AM
Message:

PS

If she wanted to fix her problem should would have by now.

She's hoping you will let her slide,

willing to endure until the other shoe drops.

Easier to endure a 3 minute weekly phone call from you asking for the rent than to actually do something about it.

BRAD --73.103.xxx.xxx




What would you do here? (by Vee [OH]) Posted on: Oct 16, 2022 1:40 AM
Message:

I think if Sid and Brad gave advice to change the rent to bi-monthly you did not listen to the increase in rent - you only split it in half, rewind the time machine and follow directions. --76.190.xxx.xxx




What would you do here? (by Ray-N-Pa [PA]) Posted on: Oct 16, 2022 7:31 AM
Message:

This is a judgement call.

Is it worth wild to retrain the tenant or not? --24.101.xxx.xxx




What would you do here? (by 6x6 [TN]) Posted on: Oct 16, 2022 10:44 AM
Message:

This is why schools(what are they really anyway?)should teach people money management. Of coarse, the teachers would need to be good money managers.

Another reason that we should stop allowing bankruptcies, it just teaches people that they can be irresponsible and that they don't have to worry about it.,

This is also why I don't think putting someone on a payday plan really works in the end. It is almost a disservice to them and you as it just kicks the can down the road. If you put her on a weekly plan, you are just doing the same, and if, as you described, doing it will also cause you to loose more money that you could have used to spruce up the place.

Yes, asking her to take a money management class may tick her off, however, someone needs to make the suggestion to her as that would be of better service to her( not saying this has to be you). The people who grow up in these areas do not ever hear of finances other then all the negatives. I know this as I grew up in that environment, and I only started really learning of finances since I found this forum. I am still learning, but I did have enough instinct to not waste as much as others in this life style cycle and decided to save as much as I could. Most won't ever think that way or go that direction. It is tough to describe the whole thought processes and bad environment as it would take time.

It is most likely better for people to be given a hand up instead of a hand out. That does not always mean that they will take it, or that it is always easy for them to take. It can be embarrasing to them and they may need to develope trust in people, depending upon there upbringing.

Unfortunately, for you as an invester, who needs to be making a return, this puts you in a tough spot. I am not giving advice, as I lack the knoweledge and experience, but giving some insight. I will let others, much wiser then myself, give you direction.

--73.113.xxx.xxx




What would you do here? (by Ken [NY]) Posted on: Oct 16, 2022 12:02 PM
Message:

6x6 they will not teach money management in schools because the people in charge do not want anyone capable of taking care of themselves and be capable of thinking for themselves,they want you just smart enough to run the machines of production but not smart enough to question anything --74.77.xx.xx




What would you do here? (by MC [PA]) Posted on: Oct 16, 2022 12:34 PM
Message:

The school systems are all about test results these days and how they rank. --73.230.xxx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 16, 2022 12:38 PM
Message:

Okay, I have had my face to face meeting with the tenant here. She is making plans to move and be out at the end of this month. She is going to move in with her brother who lives in another state.

I am now going to have 3 vacancies all at one time. November will be a busy month and there will be no rest for the weary. It is what it is. --71.207.xxx.x




What would you do here? (by plenty [MO]) Posted on: Oct 16, 2022 1:34 PM
Message:

Roy, I salute you for understanding your market and running your business. Sounds like you were fair and firm. On these days I remember that my houses will be better and my next residents will be better and again i will have more money in the bank. Getting from here to there can be painful but hang in there there is alot of good ahead. Just keep goin. Clean them houses up, repair, relist and rerent! --172.56.xx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 16, 2022 1:38 PM
Message:

Thank-you Plenty,..and Brad20K. --71.207.xxx.x




What would you do here? (by Salernitana [CA]) Posted on: Oct 16, 2022 1:41 PM
Message:

Roy, I am so proud of you for having met with your tenant to note the facts. I'm relieved that you now have her answer and that she will soon be gone. I hope that the new tenant(s) will pay on time without the drama that you endured with this now-outgoing tenant.

I am sorry to hear about your three vacancies. However, your place is in the South with warmer climate and no problems with snow? Best of luck with the turnovers. It will work out. --71.202.xx.xxx




What would you do here? (by RB [TN]) Posted on: Oct 16, 2022 2:09 PM
Message:

"It is what it is," is the final answer, again. --24.183.xxx.xxx




What would you do here? (by LisaFL [FL]) Posted on: Oct 16, 2022 2:22 PM
Message:

Thatís great new Roy! She solved her own problem and will hopefully be better in the end for it. Perhaps it is a good opportunity to sell if your market is too tough. At some point in life you just donít want to have to deal with some of these stresses you can actually get rid of. You may not be there yet but I sure am.

I would love a good tenant to go bad and move! But we all have different goals and are at different places in life. Surely with your rents being so low you can hold out for a stronger qualified tenant. If thatís just not possible you will continue to have these stress inducing situations. These tenants are blessed their are landlordís like you who consider this just the cost of doing business. --75.89.xxx.xxx




What would you do here? (by Roy [AL]) Posted on: Oct 16, 2022 7:12 PM
Message:

Lisa,

Why would you want a good tenant to go bad and move? If you want a tenant to move, then just start raising their rent until they get the message.

Contrary to what everyone thinks here, this tenant did not go bad,..she just went broke and realized she needed to move. My definition of 'going bad' is when the broke tenant stops communicating with me, then starts trashing the house and becomes a total PITA to the point where I have no choice but to file for eviction. That is 'going bad' in my book,.. but that is not the situation with this tenant. --71.207.xxx.x




What would you do here? (by Ken [NY]) Posted on: Oct 16, 2022 7:38 PM
Message:

Roy,she hasnt paid the rent and did nothing till you went to visit her then she told you a story to buy more time,I call that going bad.Let us know what happens at the end of the month.Why are you letting her stay till the end of the month if the rent isnt paid? --74.77.xx.xx




What would you do here? (by Roy [AL]) Posted on: Oct 16, 2022 8:07 PM
Message:

She has paid one half of October rent. It was the 2nd half due on the 15th that she called me about and started this whole conservation. --71.207.xxx.x




What would you do here? (by LisaFL [FL]) Posted on: Oct 16, 2022 10:12 PM
Message:

I have to agree with Ken NY. If a tenant can no longer pay, I consider that going bad.

To answer your question Roy, I need to rephrase. I wish they would either go bad or decide to move without going bad.

Why? If they go bad I have no issue moving them along quickly. If they decide to move voluntarily itís one more I can sell. Personally I prefer they make the decision to move voluntarily so I donít have to decide who to non-renew or sell out from under. Right now they have all been good to me and as such I am committed to continue to provide them the option to continue renting from me. --75.89.xxx.xxx




What would you do here? (by BRAD 20,000 [IN]) Posted on: Oct 17, 2022 12:30 AM
Message:

ďIn her new situation she no longer meets our criteria ď

BRAD --73.103.xxx.xxx




What would you do here? (by Pat [VA]) Posted on: Oct 17, 2022 7:18 PM
Message:

Jason, I worked for a real estate broker in the late 70's early 80's during the Carter high interest years. That was one of his favorite saying's, "First one speaks loses!" I miss him, he was a nice man to me and I learned a lot about real estate from him.

His other saying was, "Time is money!" --216.126.xx.xxx




What would you do here? (by 6x6 [TN]) Posted on: Oct 17, 2022 8:01 PM
Message:

Ken, that makes since. --73.113.xxx.xxx




What would you do here? (by Landlord ofthe Flies [TX]) Posted on: Oct 17, 2022 8:26 PM
Message:

Be firm. If you want weekly, do it as $550/4 and take the extra week on 5 week months as the fee for the hassle.

I wouldn't lower the price. My guess is her first round of negotiations. She gives the same story to all creditors to see which ones flinch.

Don't be too easily forthcoming or the cycle repeats.

Also, make sure you get something out of it. Cancel the lease and rewrite it to show weekly payments and make it month-to-month so you can throw her out when weekly payments aren't enough. --108.69.xxx.xxx





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