 Overqualified? (by Jason [VA]) Apr 15, 2024 12:56 PM
 Overqualified? (by LisaFL [FL]) Apr 15, 2024 1:00 PM
Overqualified? (by NE [PA]) Apr 15, 2024 1:03 PM
Overqualified? (by RB [TN]) Apr 15, 2024 2:42 PM
Overqualified? (by Robert J [CA]) Apr 15, 2024 3:39 PM
Overqualified? (by PJU [MO]) Apr 15, 2024 4:27 PM
Overqualified? (by mapleaf18 [NY]) Apr 15, 2024 5:53 PM
Overqualified? (by Ray-N-Pa [PA]) Apr 15, 2024 6:20 PM
Overqualified? (by 6x6 [TN]) Apr 15, 2024 8:23 PM
Overqualified? (by Phil [OR]) Apr 15, 2024 9:02 PM
Overqualified? (by BRAD 20,000 [IN]) Apr 16, 2024 12:42 AM
Overqualified? (by zero [IN]) Apr 16, 2024 8:52 AM
Overqualified? (by jonny [NY]) Apr 16, 2024 10:39 AM
Overqualified? (by Landlord ofthe Flies [TX]) Apr 16, 2024 10:41 PM
Overqualified? (by Jason [VA]) Apr 17, 2024 12:18 PM
Overqualified? (by CDM [CA]) Apr 23, 2024 11:58 PM
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Overqualified? (by Jason [VA]) Posted on: Apr 15, 2024 12:56 PM
Message:
How many of us turn down prospects because they’re overqualified? I have an older couple relocating due to a job transfer. 840 credit, monthly income 7.5x the rent, and own their own house in their home state. I’m thinking they would only rent a year at most (and would likely buy a house before then) and move on. Pass? --172.56.xxx.xxx |
Overqualified? (by LisaFL [FL]) Posted on: Apr 15, 2024 1:00 PM
Message:
I’ve had over qualified folks. They have been great. Some people just really do live beneath their means. One of my overqualified stayed for 3 years. The other rented from me for 7 years and then bought one of my bigger houses. --24.236.xx.xx |
Overqualified? (by NE [PA]) Posted on: Apr 15, 2024 1:03 PM
Message:
Take them --174.240.xxx.x |
Overqualified? (by RB [TN]) Posted on: Apr 15, 2024 2:42 PM
Message:
Over thinker contest. --69.130.xxx.xxx |
Overqualified? (by Robert J [CA]) Posted on: Apr 15, 2024 3:39 PM
Message:
Because of my screening questions and process, applicants must disclose why they are moving. In the case of over qualified rents, the main reasons were:
1) Sold a property and looking for another, temporary tenancy. Once they find a new house to buy, they will live the "Kids" in the rental. NO WAY!
2) Just divorced and looking to buy or re-marry and move.
3) New to the area. Meaning too lazy to find a purchase for ever house and then will break the lease.
I had a Corporate rental on the Beach, Marina Del Ray. I only give leases that expire during summer so I can re-rent. A new manager wanted my beach rental. But when the weather turned, he moved out owning 2 months back rent. He took the corporate rent check and signed it over to himself and cashed it. The CEO of the company thought I was a liar. So I hired a friend, a private detective to find my x tenant and get the goods on him.
Then I made an appointment with the Board of the Company and asked for my back rent. They laughed and said sue them. Instead I handed out pictures of my x-tenant, that had used the corporate apartment as his playboy hide-a-way and had sex with almost all of the female employee's. Including the CEO's wife.
They still wouldn't cut me a check so I posted things on facebook.... --47.155.xx.x |
Overqualified? (by PJU [MO]) Posted on: Apr 15, 2024 4:27 PM
Message:
If they are truely elderly, they may just want to sell the house they have in the other state and rent for ever!!
I would sure hate to miss them because I was over-thinking - they may stay a long while and travel a lot to go visit grand kids and vacation areas.
Could be the perfect tenants. --136.34.xxx.xxx |
Overqualified? (by mapleaf18 [NY]) Posted on: Apr 15, 2024 5:53 PM
Message:
Elderly tenants seem to notice every little crack, every little noise. AKA naval gazing. And I'm a senior myself so no especially in a up/down duplex. --64.246.xxx.xx |
Overqualified? (by Ray-N-Pa [PA]) Posted on: Apr 15, 2024 6:20 PM
Message:
Perhaps you are right, but what good are standards if you don't apply them? --24.101.xxx.xxx |
Overqualified? (by 6x6 [TN]) Posted on: Apr 15, 2024 8:23 PM
Message:
If you don't rent to under qualified and you wouldn't rent to overqualified, who does that leave and how many of them are there? --76.129.xxx.xx |
Overqualified? (by Phil [OR]) Posted on: Apr 15, 2024 9:02 PM
Message:
Do it with a lease for the shortest time that you would consider-- then going MtM
I had one like that, stayed for over a year-- I was happy --76.138.xxx.xxx |
Overqualified? (by BRAD 20,000 [IN]) Posted on: Apr 16, 2024 12:42 AM
Message:
Jason,
Early Lease Termination Fee to the rescue. Write a 2 year lease . If they leave early you get paid.
BRAD --73.103.xxx.xxx |
Overqualified? (by zero [IN]) Posted on: Apr 16, 2024 8:52 AM
Message:
Had a gent look at an apartment. He had just sold his house, stopped working for a newspaper and relocated with a fresh job as a teacher for the local high school.
Warned me that he would be here a year and if he liked the job he would buy.
That was 19 years ago. He isn't the cleanest guy. Almost a hoarder. Pays on time, doesn't complain. Pays for stuff that needs fixed. Has under two years then he is going to retire and move closer to the grandkids. I will miss him and curse him at the same time.
As I only do MTM I ask up front if they plan to stay for a while or if they are looking to buy and just need a place to stay. Most are up front about it. --107.147.xx.xx |
Overqualified? (by jonny [NY]) Posted on: Apr 16, 2024 10:39 AM
Message:
If they are passing everything else then what is the problem? How long are you looking for them to stay? If it's a year and that's their plan I don't see the issue or concern.
If they plan on looking "immediately" for a place to purchase then depending on your area you may have a few months to 6 months? Are you month to month or a lease?
If you are a lease (1 year) person and they want month to month and you want them then increase the rent for the "shorter timeframe". I have a few that are month to month but we aren't looking for the "short term rentals" meaning once you are in, I am not looking to have you move out and re-rent in 3-4 months. Go look for an Airbnb or something. I tell them that right up front. --69.201.xx.xxx |
Overqualified? (by Landlord ofthe Flies [TX]) Posted on: Apr 16, 2024 10:41 PM
Message:
Take them. They pay their bills, honor contracts, and at worst case they will leave when the lease ends, and will leave the residence in pristine condition or they'll pay to fix it.
Had similar problem. They moved here from out of town, and they planned to be a one-year tenant, and turned out to be three-year tenants because they had delays selling their old house and finding a new one. My people were two young adults with three incredibly well mannered teenagers. If your apartment is really convenient, they may just decide to stay there for more years than anticipated. --108.69.xxx.xxx |
Overqualified? (by Jason [VA]) Posted on: Apr 17, 2024 12:18 PM
Message:
This property is one of my most highly sought after properties with all the bells and whistles so I’m used to getting my pick of the litter of prospects. But in my area, nobody worthwhile is moving right now so I’m taking the advice and accepting them. They’ll be a good fit, I was just trying to minimize turnovers. They’ve already gone above and beyond of what I’ve asked from them. --174.193.xx.xxx |
Overqualified? (by CDM [CA]) Posted on: Apr 23, 2024 11:58 PM
Message:
Over the years, our top-tier credit and income tenants have tended to move out to buy a house. We've found that the added quality to look for is lack of handy skills. That kind of person seems to find home ownership stressful, not appealing. Our longest-staying tenant couldn't change a lightbulb on her own and relied on my husband, who did all our maintenance, to help her out. Always paid on time, never a moment of trouble. --98.210.xx.xxx |
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